Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0123%/8h= +13.5% APRpaid last 24h +0.014%

Price spread now: Ondo Perps against Gate+0.109%7-day average +0.001% · you sell dearer than you buy

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

Long on Gate Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.370%+$37 on $10k

Price spread, last 7 days+0.124%+$12 · spread now +0.109%, 7d avg +0.001%

Together, before fees+0.494%+ Points / potential airdropOndo Perps: Active · farm board+$49 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Ondo Perps is 0.108% dearer against Gate than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CL_USDT	91.600	−0.0091	get 0.0091% / 8h	7h 14m	$23.7M	$51.0M	100x
Short	Ondo Perps WTI-USD.P	91.700	0.0032	get 0.0004% / 1h	14m 07s	$3.6M	$5.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.109%Rate

Funding earned: $25.83
Price spread: +0.109% → +0.001%: $10.83
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $16.66
Costs to cover: 0.200%
Break-even: 2.5 days

Slippage unknown: Gate: live order book, 5 min ago; Ondo Perps: 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, 5 min ago	0.54 bp	10.7 bp −$11	15.8 bp −$158	29.4 bp −$2,943	38.0 bp −$19.0K
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0731%	1h	91.630	+0.033%	$183K	$415K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0317%	1h	91.680	+0.087%	$256K	$944K	25x	as long as short
Aster CLUSD1	−0.0216%	4h	91.688	+0.096%	$24.7M	$59.4M	20x	as long as short
Binance CLUSDT	−0.0127%	4h	91.645	+0.049%	$247.3M	$949.7M	100x	as long as short
Nado WTI-PERP	−0.0100%	1h	91.843	+0.266%	$943K	$599K	10x	as long as short
Variational Omni CL	−0.0099%	4h	91.922	+0.351%	$13.4M	$10.8M	—	as long as short
GRVT CL_USDT_Perp	−0.0098%	4h	92.300	+0.764%	$74K	$611K	25x	as long as short
Gate CL_USDTlong	−0.0091%	8h	91.600	long leg	$23.7M	$51.0M	100x
Bitget CLUSDT	−0.0084%	4h	91.623	+0.025%	$41.6M	$42.6M	100x	as long as short
Aftermath Perps WTIUSD	−0.0053%	1h	92.248	+0.707%	$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
OKX CL-USDT-SWAP	−0.0050%	4h	91.620	+0.022%	$42.2M	$103.5M	50x	as long as short
QFEX CL-USD	−0.0026%	1h	91.720	+0.131%	$2.3M	$2.5M	10x	as long as short
tradeXYZ xyz:CL	−0.0016%	1h	91.657	+0.062%	$182.1M	$193.3M	20x	as long as short
edgeX CLUSDC	−0.0001%	4h	92.217	+0.673%	$538K	$343K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	91.793	+0.210%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	91.669	+0.075%	$26.8M	$84.3M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	91.947	+0.379%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	91.704	+0.114%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.256	−0.376%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.270	+0.731%	$36K	$39K	20x	as long as short
Lighter WTI	+0.0016%	1h	91.666	+0.072%	$11.1M	$9.0M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	91.720	+0.131%	$405K	$976K	15x	as long as short
Paradex CL-USD-PERP	+0.0018%	8h	91.702	+0.111%	$15K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	91.720	+0.131%	$1.7M	$13.8M	10x	as long as short
Ondo Perps WTI-USD.Pshort	+0.0032%	1h	91.700	+0.109%	$3.6M	$5.1M	20x
StandX CL-USD	+0.0040%	1h	91.980	+0.415%	$722K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	91.780	+0.197%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	91.762	+0.177%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.655	+0.060%	$2.0M	$69K	20x	as long as short
Pacifica CL	+0.0100%	1h	91.743	+0.156%	$340K	$574K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.654	+0.059%	$7.0M	$2.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.210	+0.666%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.630	+0.033%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0165% / S −0.0002%	1h	91.635	+0.038%	$78K	—	111x	as long as short
BloFin CL-USDT	+0.0192%	4h	91.910	+0.338%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+11.500%	$19K	$5K	30x	as long as short