Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0344%/8h= +37.7% APRpaid last 24h +0.066%

Price spread now: Injective against Gate+10.439%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 Injective

What this pair did over the last

the charts below follow

Funding, last 4 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 +$10 a day on $10k at the current rate, and Injective is 10.439% dearer against Gate than usual: you sell high and buy low: +$1,044 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	92.480	−0.0124	get 0.0124% / 8h	7h 22m	$23.6M	$50.2M	100x
Short	Injective WTI/USDC PERP	102.13	0.0220	get 0.0028% / 1h	22m 31s	$19K	$5K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +10.439%Rate

Funding earned: $72.24
Price spread: +10.439% → 0.000%: $1,043.9
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,101.12
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 1 min ago; Injective: 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, 1 min ago	0.54 bp	9.6 bp −$10	14.2 bp −$142	29.0 bp −$2,897	38.6 bp −$19.3K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Deribit WTIOIL_USDC-PERPETUAL	−0.0505%	1h	92.630	+0.162%	$187K	$411K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0314%	1h	92.666	+0.201%	$269K	$948K	25x	as long as short
Aster CLUSD1	−0.0219%	4h	92.567	+0.094%	$25.0M	$60.0M	20x	as long as short
Gate CL_USDTlong	−0.0124%	8h	92.480	long leg	$23.6M	$50.2M	100x
Binance CLUSDT	−0.0123%	4h	92.540	+0.065%	$244.8M	$931.6M	100x	as long as short
Variational Omni CL	−0.0108%	4h	92.657	+0.191%	$13.5M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0100%	1h	92.606	+0.137%	$947K	$596K	10x	as long as short
GRVT CL_USDT_Perp	−0.0082%	4h	92.574	+0.102%	$74K	$611K	25x	as long as short
Bitget CLUSDT	−0.0076%	4h	92.529	+0.053%	$42.0M	$41.8M	100x	as long as short
Aftermath Perps WTIUSD	−0.0069%	1h	92.756	+0.298%	$1K	$27K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0054%	4h	92.608	+0.139%	$540K	$342K	30x	as long as short
OKX CL-USDT-SWAP	−0.0045%	4h	92.510	+0.032%	$42.5M	$102.6M	50x	as long as short
QFEX CL-USD	−0.0026%	1h	92.520	+0.043%	$2.3M	$2.5M	10x	as long as short
tradeXYZ xyz:CL	−0.0011%	1h	92.567	+0.094%	$183.8M	$190.8M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.579	+0.107%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.564	+0.091%	$27.5M	$82.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.555	+0.081%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.565	+0.092%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.226	−0.275%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.660	+0.195%	$37K	$39K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	92.590	+0.119%	$427K	$869K	15x	as long as short
Paradex CL-USD-PERP	+0.0017%	8h	92.494	+0.015%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.515	+0.038%	$11.3M	$8.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.550	+0.076%	$1.7M	$14.0M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0034%	1h	92.490	+0.011%	$3.6M	$5.2M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.620	+0.151%	$729K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.570	+0.097%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.570	+0.097%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.657	+0.191%	$2.1M	$69K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.546	+0.072%	$344K	$584K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.560	+0.087%	$7.0M	$2.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.730	+0.270%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.610	+0.140%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S −0.0007%	1h	92.665	+0.200%	$80K	—	111x	as long as short
BloFin CL-USDT	+0.0196%	4h	92.620	+0.151%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERPshort	+0.0220%	1h	102.13	+10.439%	$19K	$5K	30x