Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0192%/8h= +21.0% APRpaid last 24h +0.050%

Price spread now: ApeX Omni against Gate+0.151%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$7as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$600.603% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.535%+$54 on $10k

Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.151%, 7d avg +0.070%

Together, before fees+0.442%+$44 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and ApeX Omni is 0.081% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CL_USDT	92.640	−0.0092	get 0.0092% / 8h	5h 37m	$20.9M	$52.4M	100x
Short	ApeX Omni CLUSDT	92.780	0.0100	get 0.0013% / 1h	37m 12s	$56K	$265K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee ApeX OmnibpOrdersPrice spread, now +0.151%Rate

Funding earned: $40.32
Price spread: +0.151% → +0.070%: $8.09
Slippage, 4 orders: −$35.3
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$11.89
Costs to cover: 0.603%
Break-even: 9.1 days

Slippage from Gate: live order book, 2 min ago; ApeX Omni: live order book, 25 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 2 min ago	0.54 bp	9.7 bp −$10	14.3 bp −$143	26.9 bp −$2,688	34.6 bp −$17.3K
Sell ApeX Omni live order book, 25 min ago	8.62 bp	20.2 bp −$20	210.6 bp −$2,106	doesn't fit	doesn't fit

CL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WTIOIL_USDC-PERPETUAL	−0.0720%	1h	92.680	+0.043%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0246%	4h	92.723	+0.089%	$23.9M	$69.1M	20x	as long as short
GRVT CL_USDT_Perp	−0.0228%	4h	92.729	+0.097%	$61K	$633K	25x	as long as short
Binance CLUSDT	−0.0209%	4h	92.689	+0.053%	$244.0M	$955.8M	100x	as long as short
Variational Omni CL	−0.0203%	4h	92.777	+0.148%	$13.6M	$11.1M	—	as long as short
Ondo Perps WTI-USD.P	−0.0162%	1h	92.690	+0.054%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0143%	1h	92.804	+0.177%	$960K	$664K	10x	as long as short
Gate CL_USDTlong	−0.0092%	8h	92.640	long leg	$20.9M	$52.4M	100x
tradeXYZ xyz:CL	−0.0070%	1h	92.708	+0.073%	$184.3M	$218.0M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	+0.119%	$402K	$944K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0036%	4h	92.680	+0.043%	$42.7M	$101.9M	50x	as long as short
QFEX CL-USD	−0.0032%	1h	92.740	+0.108%	$2.5M	$1.7M	10x	as long as short
Aftermath Perps WTIUSD	−0.0028%	1h	92.796	+0.169%	$2K	$27K	5x	as long as short
edgeX CLUSDC	−0.0011%	4h	92.800	+0.172%	$528K	$301K	30x	as long as short
Lighter WTI	0.0000%	1h	92.724	+0.091%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.761	+0.131%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.700	+0.065%	$26.6M	$81.3M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.682	+0.045%	$41.8M	$43.3M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.790	+0.162%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.727	+0.094%	$18K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.295	−0.372%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	92.770	+0.140%	$2.1M	$23.0M	10x	as long as short
Paradex CL-USD-PERP	+0.0023%	8h	92.732	+0.099%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.430	−0.227%	$726K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.770	+0.140%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.749	+0.118%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.716	+0.082%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTM	+0.0052%	4h	92.764	+0.134%	$7.3M	$2.3M	50x	as long as short
RISEx CL/USDC	+0.0066%	1h	92.865	+0.243%	$3.3M	$2.7M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.742	+0.110%	$331K	$618K	10x	as long as short
ApeX Omni CLUSDTshort	+0.0100%	1h	92.780	+0.151%	$56K	$265K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	92.691	+0.055%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.722	+0.089%	$273K	$872K	25x	as long as short
BloFin CL-USDT	+0.0206%	4h	92.700	+0.065%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.715	+0.081%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.95	+10.054%	$19K	$11K	30x	as long as short