Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0131%/8h= +14.3% APRpaid last 24h +0.063%

Price spread now: KuCoin against Gate+0.097%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs+$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.558%+$56 on $10k

Price spread, last 7 days+0.067%+$7 · spread now +0.097%, 7d avg +0.085%

Together, before fees+0.624%+$62 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.085%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CL_USDT	92.170	−0.0031	get 0.0031% / 8h	26m 41s	$21.3M	$57.9M	100x
Short	KuCoin CLUSDTM	92.259	0.0100	get 0.0050% / 4h	26m 41s	$7.1M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.097%Rate

Funding earned: $27.51
Price spread: +0.097% → +0.085%: $1.17
Slippage, 4 orders: −$10.95
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$9.27
Costs to cover: 0.379%
Break-even: 9.4 days

Slippage from Gate: live order book, 2 min ago; KuCoin: live order book, 1 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	9.2 bp −$9	14.5 bp −$145	26.1 bp −$2,609	34.8 bp −$17.4K
Sell KuCoin live order book, 1 min ago	1.79 bp	10.5 bp −$11	doesn't fit	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
Kraken Futures PF_WTIOILUSD	−0.0449%	1h	92.281	+0.121%	$274K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0316%	4h	92.180	+0.011%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0265%	4h	92.260	+0.098%	$24.0M	$77.5M	20x	as long as short
Binance CLUSDT	−0.0180%	4h	92.240	+0.076%	$244.8M	$1.09B	100x	as long as short
Variational Omni CL	−0.0157%	4h	92.184	+0.016%	$13.4M	$12.4M	—	as long as short
Nado WTI-PERP	−0.0150%	1h	92.302	+0.144%	$926K	$737K	10x	as long as short
Lighter WTI	−0.0080%	1h	92.228	+0.063%	$11.2M	$10.9M	20x	as long as short
Paradex CL-USD-PERP	−0.0074%	8h	92.211	+0.045%	$15K	$367	5x	as long as short
Ondo Perps WTI-USD.P	−0.0066%	1h	92.260	+0.098%	$3.5M	$6.3M	20x	as long as short
tradeXYZ xyz:CL	−0.0055%	1h	92.247	+0.084%	$186.8M	$275.7M	20x	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	−0.0054%	1h	92.240	+0.076%	$2.4M	$2.4M	10x	as long as short
Gate CL_USDTlong	−0.0031%	8h	92.170	long leg	$21.3M	$57.9M	100x
Pacifica CL	−0.0020%	1h	92.246	+0.083%	$333K	$576K	10x	as long as short
Bullet WTIOIL-USD	−0.0003%	1h	92.248	+0.085%	$19K	$241K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.274	+0.113%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.270	+0.108%	$25.9M	$94.3M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.240	+0.076%	$43.0M	$113.0M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.353	+0.198%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.229	+0.064%	$42.0M	$51.6M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.300	+0.141%	$37K	$101K	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	92.270	+0.108%	$96K	$189K	15x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.152%	$399K	$963K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.814	−0.386%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	92.270	+0.108%	$2.0M	$26.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.250	+0.087%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.290	+0.130%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.245	+0.081%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.245	+0.081%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0079%	4h	92.275	+0.114%	$531K	$334K	30x	as long as short
KuCoin CLUSDTMshort	+0.0100%	4h	92.259	+0.097%	$7.1M	$2.1M	50x
ApeX Omni CLUSDT	+0.0100%	1h	92.340	+0.184%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.225	+0.060%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.245	+0.081%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.18	+9.776%	$19K	$11K	30x	as long as short
Aftermath Perps WTIUSD	+0.0234%	1h	92.267	+0.105%	$2K	$29K	5x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.260	+0.098%	$4.0M	$1.4M	50x	as long as short