Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0209%/8h= +22.9% APRpaid last 24h +0.020%

Price spread now: dYdX against Gate+0.103%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and dYdX is 0.103% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CL_USDT	92.570	−0.0209	get 0.0209% / 8h	7h 10m	$21.3M	$55.5M	100x
Short	dYdX WTI-USD	92.666	0	get 0.0000% / 1h	10m 05s	$8K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.103%Rate

Funding earned: $43.89
Price spread: +0.103% → 0.000%: $10.34
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: $29.23
Costs to cover: 0.250%
Break-even: 2.3 days

Slippage unknown: Gate: live order book, 4 min ago; dYdX: no order-book sample. Net counts fees only.

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, 4 min ago	0.54 bp	9.8 bp −$10	14.4 bp −$144	28.1 bp −$2,813	36.2 bp −$18.1K
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
GRVT CL_USDT_Perp	−0.0360%	4h	92.630	+0.065%	$58K	$684K	25x	as long as short
Aster CLUSD1	−0.0336%	4h	92.640	+0.075%	$24.0M	$75.1M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0289%	1h	92.630	+0.065%	$123K	$275K	15x	as long as short
Binance CLUSDT	−0.0282%	4h	92.670	+0.108%	$244.6M	$1.03B	100x	as long as short
Variational Omni CL	−0.0272%	4h	92.610	+0.043%	$13.3M	$11.4M	—	as long as short
Gate CL_USDTlong	−0.0209%	8h	92.570	long leg	$21.3M	$55.5M	100x
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.654	+0.090%	$275K	$913K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0053%	1h	92.560	−0.011%	$3.5M	$5.9M	20x	as long as short
Nado WTI-PERP	−0.0051%	1h	92.675	+0.113%	$934K	$707K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.583%	$399K	$956K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.610	+0.043%	$2.4M	$1.7M	10x	as long as short
tradeXYZ xyz:CL	−0.0032%	1h	92.637	+0.072%	$185.9M	$237.1M	20x	as long as short
dYdX WTI-USDshort	0.0000%	1h	92.666	+0.103%	$8K	$3K	5x
Bybit CLUSDT	0.0000%	8h	92.680	+0.119%	$26.5M	$89.2M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.630	+0.065%	$43.1M	$108.2M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.756	+0.201%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.656	+0.093%	$42.2M	$48.1M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.710	+0.151%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.640	+0.076%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.200	−0.400%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0006%	8h	92.605	+0.038%	$15K	$367	5x	as long as short
Extended WTI-USD	+0.0016%	1h	92.670	+0.108%	$2.3M	$25.8M	10x	as long as short
Lighter WTI	+0.0024%	1h	92.644	+0.080%	$11.2M	$10.2M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.370	−0.216%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.650	+0.086%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.630	+0.065%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.632	+0.067%	$2.0M	$38K	20x	as long as short
KuCoin CLUSDTM	+0.0080%	4h	92.662	+0.099%	$7.2M	$2.3M	50x	as long as short
edgeX CLUSDC	+0.0095%	4h	92.657	+0.094%	$533K	$300K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.625	+0.060%	$357K	$602K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.670	+0.108%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.607	+0.040%	$4K	—	10x	as long as short
Aftermath Perps WTIUSD	+0.0157%	1h	92.628	+0.063%	$2K	$28K	5x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.635	+0.070%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.69	+9.852%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.560	−0.011%	$4.0M	$1.2M	50x	as long as short