Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0344%/8h= +37.7% APRpaid last 24h +0.023%

Price spread now: gTrade (Gains Network) against Gate−0.384%7-day average −0.294% · you buy dearer than you sell

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

Long on Gate Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)+0.023%+$2 on $10k

Price spread, last 3 days (all we have)−0.007%−$1 · spread now −0.384%, 7d avg −0.294%

Together, before fees+0.017%+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. gTrade (Gains Network) is 0.090% cheaper against Gate than usual: you would sell low and buy high (spread −0.384% now, against its 7-day average of −0.294%). If the spread goes back, that is −$9 on $10k: about 21 hours of funding at the current rate (+$10 a day). At the pace of the last 1 day (+0.023% in total) that is about 4.2 days.

The current funding rate is far above what this pair has been paying: over the last 1 day it paid 0.023% in total (about 7.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CL_USDT	92.020	−0.0380	get 0.0380% / 8h	7h 57m	$21.3M	$54.0M	100x
Short	gTrade (Gains Network) WTI/USD	91.667	L 0.0000% / S +0.0036%	pay 0.0004% / 1h	57m 05s	$5K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.384%Rate

Funding earned: $72.3
Price spread: −0.384% → −0.294%: −$9
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Net: $40.29
Costs to cover: 0.230%
Break-even: 3.1 days

Slippage unknown: Gate: live order book, 2 min ago; gTrade (Gains Network): 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, 2 min ago	0.54 bp	9.8 bp −$10	16.2 bp −$162	32.5 bp −$3,248	39.2 bp −$19.6K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Gate CL_USDTlong	−0.0380%	8h	92.020	long leg	$21.3M	$54.0M	100x
GRVT CL_USDT_Perp	−0.0328%	4h	92.193	+0.188%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0300%	4h	92.097	+0.083%	$23.9M	$78.1M	20x	as long as short
Binance CLUSDT	−0.0227%	4h	92.062	+0.046%	$243.9M	$1.09B	100x	as long as short
Variational Omni CL	−0.0206%	4h	92.193	+0.188%	$13.2M	$12.7M	—	as long as short
Bybit CLUSDT	−0.0186%	8h	92.072	+0.057%	$25.9M	$94.1M	150x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0184%	1h	92.080	+0.065%	$96K	$189K	15x	as long as short
Nado WTI-PERP	−0.0122%	1h	92.147	+0.139%	$923K	$733K	10x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.104	+0.091%	$273K	$1.2M	25x	as long as short
Ondo Perps WTI-USD.P	−0.0082%	1h	92.070	+0.054%	$3.5M	$6.2M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	+0.011%	$399K	$962K	15x	as long as short
QFEX CL-USD	−0.0040%	1h	92.090	+0.076%	$2.4M	$2.3M	10x	as long as short
Lighter WTI	−0.0032%	1h	92.085	+0.071%	$11.1M	$9.9M	20x	as long as short
Paradex CL-USD-PERP	−0.0029%	8h	92.106	+0.093%	$15K	$367	5x	as long as short
tradeXYZ xyz:CL	−0.0028%	1h	92.102	+0.089%	$185.7M	$267.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.160	+0.152%	$8K	$3K	5x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.050	+0.033%	$42.9M	$111.3M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.210	+0.206%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.057	+0.040%	$41.9M	$51.5M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.280	+0.283%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.091	+0.078%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USDshort	L 0.0000% / S +0.0036%	1h	91.667	−0.384%	$5K	—	150x
edgeX CLUSDC	+0.0019%	4h	92.253	+0.254%	$530K	$305K	30x	as long as short
Extended WTI-USD	+0.0032%	1h	92.130	+0.120%	$2.0M	$26.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.230	+0.228%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.170	+0.163%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.107	+0.095%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.080	+0.065%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.131	+0.121%	$353K	$596K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.092	+0.078%	$7.3M	$2.2M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.220	+0.217%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.097	+0.084%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0131%	1h	92.095	+0.082%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.38	+10.174%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.150	+0.141%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0498%	1h	92.083	+0.069%	$2K	$29K	5x	as long as short