Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0262%/8h= +28.7% APRpaid last 24h +0.047%

Price spread now: Pacifica against Gate+0.110%7-day average +0.049% · you sell dearer than you buy

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

Long on Gate Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.307%+$31 on $10k

Price spread, last 4 days (all we have)+0.094%+$9 · spread now +0.110%, 7d avg +0.049%

Together, before fees+0.401%+ Points / potential airdropPacifica: Active · farm board+$40 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Pacifica is 0.061% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CL_USDT	92.810	−0.0162	get 0.0162% / 8h	7h 40m	$23.4M	$49.2M	100x
Short	Pacifica CL	92.912	0.0100	get 0.0013% / 1h	40m 02s	$346K	$586K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.110%Rate

Funding earned: $55.02
Price spread: +0.110% → +0.049%: $6.14
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $38.16
Costs to cover: 0.230%
Break-even: 2.1 days

Slippage unknown: Gate: live order book, 4 min ago; Pacifica: live order book, 59 min ago. 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, 4 min ago	0.54 bp	9.4 bp −$9	14.9 bp −$149	30.6 bp −$3,060	39.1 bp −$19.5K
Sell Pacifica live order book, 59 min ago	0.38 bp	doesn't fit	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0503%	1h	92.870	+0.065%	$188K	$409K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0313%	1h	92.919	+0.118%	$270K	$932K	25x	as long as short
Aster CLUSD1	−0.0233%	4h	92.908	+0.105%	$24.8M	$61.1M	20x	as long as short
Gate CL_USDTlong	−0.0162%	8h	92.810	long leg	$23.4M	$49.2M	100x
Binance CLUSDT	−0.0133%	4h	92.879	+0.074%	$246.1M	$931.0M	100x	as long as short
GRVT CL_USDT_Perp	−0.0124%	4h	93.007	+0.212%	$74K	$614K	25x	as long as short
Variational Omni CL	−0.0117%	4h	92.920	+0.118%	$13.5M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0101%	1h	92.948	+0.149%	$951K	$607K	10x	as long as short
Bitget CLUSDT	−0.0086%	4h	92.874	+0.069%	$42.0M	$41.7M	100x	as long as short
Aftermath Perps WTIUSD	−0.0068%	1h	92.976	+0.179%	$2K	$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	−0.0051%	4h	92.870	+0.065%	$42.6M	$103.1M	50x	as long as short
QFEX CL-USD	−0.0026%	1h	92.880	+0.075%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CL	−0.0023%	1h	92.888	+0.084%	$184.3M	$196.5M	20x	as long as short
edgeX CLUSDC	−0.0020%	4h	92.998	+0.203%	$542K	$343K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	92.960	+0.162%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.889	+0.085%	$27.5M	$80.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.942	+0.143%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.917	+0.115%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.485	−0.350%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.930	+0.129%	$37K	$39K	20x	as long as short
Paradex CL-USD-PERP	+0.0011%	8h	92.866	+0.061%	$16K	$367	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	93.160	+0.377%	$404K	$794K	15x	as long as short
Ondo Perps WTI-USD.P	+0.0018%	1h	92.880	+0.075%	$3.6M	$5.2M	20x	as long as short
Lighter WTI	+0.0032%	1h	92.886	+0.082%	$11.3M	$8.8M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.910	+0.108%	$1.7M	$14.5M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.020	+0.226%	$733K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.910	+0.108%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.903	+0.100%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.887	+0.083%	$2.1M	$66K	20x	as long as short
Pacifica CLshort	+0.0100%	1h	92.912	+0.110%	$346K	$586K	10x
KuCoin CLUSDTM	+0.0100%	4h	92.919	+0.117%	$7.0M	$2.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.960	+0.162%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.879	+0.074%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S 0.0000%	1h	92.935	+0.135%	$85K	—	111x	as long as short
BloFin CL-USDT	+0.0187%	4h	92.880	+0.075%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+10.046%	$19K	$5K	30x	as long as short