Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0147%/8h= +16.1% APRpaid last 24h +0.035%

Price spread now: Polymarket Perps against Gate+0.099%7-day average +0.041% · 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−$23as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.469%+$47 on $10k

Price spread, last 7 days−0.051%−$5 · spread now +0.099%, 7d avg +0.041%

Together, before fees+0.418%+$42 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 Polymarket Perps is 0.059% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CL_USDT	92.740	−0.0097	get 0.0097% / 8h	5h 40m	$20.9M	$52.3M	100x
Short	Polymarket Perps WTIOIL-USD	92.832	0.0050	get 0.0006% / 1h	40m 26s	$1.6M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now +0.099%Rate

Funding earned: $30.87
Price spread: +0.099% → +0.041%: $5.86
Slippage, 4 orders: −$6.29
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $7.44
Costs to cover: 0.293%
Break-even: 5.3 days

Slippage from Gate: live order book, 3 min ago; Polymarket Perps: live order book, 3 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, 3 min ago	0.54 bp	9.8 bp −$10	14.2 bp −$142	26.2 bp −$2,625	35.8 bp −$17.9K
Sell Polymarket Perps live order book, 3 min ago	1.67 bp	5.8 bp −$6	6.9 bp −$69	10.1 bp −$1,009	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	−0.0827%	1h	92.750	+0.011%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0244%	4h	92.820	+0.086%	$23.9M	$69.1M	20x	as long as short
GRVT CL_USDT_Perp	−0.0220%	4h	92.820	+0.086%	$61K	$633K	25x	as long as short
Binance CLUSDT	−0.0209%	4h	92.810	+0.076%	$244.3M	$955.9M	100x	as long as short
Variational Omni CL	−0.0203%	4h	92.777	+0.040%	$13.6M	$11.1M	—	as long as short
Ondo Perps WTI-USD.P	−0.0160%	1h	92.730	−0.011%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0139%	1h	92.863	+0.133%	$961K	$668K	10x	as long as short
Gate CL_USDTlong	−0.0097%	8h	92.740	long leg	$20.9M	$52.3M	100x
edgeX CLUSDC	−0.0087%	4h	92.830	+0.097%	$529K	$301K	30x	as long as short
tradeXYZ xyz:CL	−0.0066%	1h	92.828	+0.095%	$184.6M	$218.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	+0.011%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.810	+0.075%	$2.5M	$1.7M	10x	as long as short
OKX CL-USDT-SWAP	−0.0026%	4h	92.800	+0.065%	$42.8M	$102.0M	50x	as long as short
Aftermath Perps WTIUSD	−0.0022%	1h	92.886	+0.158%	$2K	$27K	5x	as long as short
Lighter WTI	0.0000%	1h	92.802	+0.067%	$11.2M	$10.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.838	+0.106%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.829	+0.096%	$26.7M	$81.1M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.816	+0.082%	$41.9M	$43.3M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.820	+0.086%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.800	+0.065%	$18K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.370	−0.399%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0016%	1h	92.850	+0.119%	$2.1M	$23.1M	10x	as long as short
Paradex CL-USD-PERP	+0.0026%	8h	92.798	+0.062%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.450	−0.313%	$727K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.850	+0.119%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USDshort	+0.0050%	1h	92.832	+0.099%	$1.6M	$1.3M	20x
SoDEX CL-USD	+0.0050%	1h	92.795	+0.059%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTM	+0.0054%	4h	92.812	+0.078%	$7.3M	$2.3M	50x	as long as short
RISEx CL/USDC	+0.0066%	1h	92.927	+0.202%	$3.3M	$2.7M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.793	+0.057%	$331K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.800	+0.065%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.768	+0.030%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.797	+0.061%	$273K	$872K	25x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.795	+0.059%	$78K	—	111x	as long as short
BloFin CL-USDT	+0.0216%	4h	92.800	+0.065%	$4.0M	$1.1M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.15	+10.143%	$19K	$11K	30x	as long as short