Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0127%/8h= +14.0% APRpaid last 24h +0.134%

Price spread now: GMX against Gate+0.114%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 GMX

What this pair did over the last

the charts below follow

Funding, last 3 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 +$4 a day on $10k at the current rate, and GMX is 0.114% dearer against Gate than usual: you sell high and buy low: +$11 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	91.920	0	get 0.0000% / 8h	2h 26m	$21.2M	$63.1M	100x
Short	GMX WTIOIL/USD [ETH-USDC]	92.025	L +0.0212% / S −0.0127%	get 0.0016% / 1h	26m 42s	$76K	—	29x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.114%Rate

Funding earned: $26.76
Price spread: +0.114% → 0.000%: $11.42
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $11.18
Costs to cover: 0.270%
Break-even: 4.1 days

Slippage unknown: Gate: live order book, 2 min ago; GMX: 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	1.63 bp	11.2 bp −$11	15.7 bp −$157	28.3 bp −$2,833	33.8 bp −$16.9K
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 35 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
QFEX CL-USD	−0.0019%	1h	91.990	+0.076%	$2.4M	$2.8M	10x	as long as short
Aster CLUSD1	0.0000%	4h	92.019	+0.108%	$24.5M	$77.0M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.992	+0.079%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.990	+0.076%	$246.6M	$1.14B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.983	+0.069%	$25.4M	$100.3M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.980	+0.065%	$43.1M	$117.1M	50x	as long as short
Gate CL_USDTlong	0.0000%	8h	91.920	long leg	$21.2M	$63.1M	100x
Bitget CLUSDT	0.0000%	4h	91.979	+0.064%	$42.2M	$69.3M	100x	as long as short
Variational Omni CL	0.0000%	4h	92.001	+0.088%	$13.6M	$16.2M	—	as long as short
GRVT CL_USDT_Perp	0.0000%	4h	91.980	+0.065%	$58K	$782K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	92.030	+0.120%	$96K	$315K	15x	as long as short
Aftermath Perps WTIUSD	+0.0001%	1h	91.973	+0.057%	$2K	$31K	5x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.000	+0.087%	$33K	$99K	20x	as long as short
Lighter WTI	+0.0032%	1h	91.955	+0.038%	$11.0M	$12.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.021	+0.110%	$2.0M	$29.8M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	92.044	+0.135%	$17K	$18K	30x	as long as short
edgeX CLUSDC	+0.0034%	4h	91.967	+0.051%	$529K	$343K	30x	as long as short
Bullet WTIOIL-USD	+0.0037%	1h	92.007	+0.094%	$18K	$241K	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0040%	1h	92.034	+0.124%	$258K	$1.3M	25x	as long as short
StandX CL-USD	+0.0040%	1h	91.990	+0.076%	$725K	$3.0M	40x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0040%	1h	92.080	+0.174%	$393K	$1.3M	15x	as long as short
Vest CL-PERP	+0.0046%	1h	92.020	+0.109%	—	$243K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	91.993	+0.079%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.999	+0.086%	$2.0M	$42K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	92.000	+0.087%	$3.5M	$6.6M	20x	as long as short
Pacifica CL	+0.0100%	1h	91.981	+0.066%	$332K	$573K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.967	+0.051%	$7.4M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.070	+0.163%	$55K	$265K	50x	as long as short
Paradex CL-USD-PERP	+0.0101%	8h	91.973	+0.058%	$15K	$367	5x	as long as short
tradeXYZ xyz:CL	+0.0102%	1h	91.979	+0.064%	$182.4M	$296.3M	20x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.985	+0.070%	$4K	$49	10x	as long as short
Nado WTI-PERP	+0.0178%	1h	91.998	+0.085%	$879K	$792K	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]short	L +0.0212% / S −0.0127%	1h	92.025	+0.114%	$76K	—	29x
BloFin CL-USDT	+0.0240%	4h	92.000	+0.087%	$4.0M	$1.5M	50x	as long as short
RISEx CL/USDC	+0.0266%	1h	92.137	+0.236%	$3.2M	$2.7M	20x	as long as short