Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0209%/8h= +22.9% APRpaid last 24h +0.036%

Price spread now: RISEx against Gate+0.151%7-day average +0.113% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$270.274% of the position

Long on Gate Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.285%+$28 on $10k

Price spread, last 7 days+0.028%+$3 · spread now +0.151%, 7d avg +0.113%

Together, before fees+0.313%+$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and RISEx is 0.038% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.113%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CL_USDT	92.750	−0.0172	get 0.0172% / 8h	6h 48m	$20.9M	$52.8M	100x
Short	RISEx CL/USDC	92.890	0.0037	get 0.0005% / 1h	48m 24s	$3.3M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.151%Rate

Funding earned: $43.99
Price spread: +0.151% → +0.113%: $3.83
Slippage, 4 orders: −$6.4
Fee Gate: 7.5 bp × 2 orders: −$15
Fee RISEx: 3 bp × 2 orders: −$6
Net: $20.42
Costs to cover: 0.274%
Break-even: 3.8 days

Slippage from Gate: live order book, 5 min ago; RISEx: 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, 5 min ago	0.54 bp	9.6 bp −$10	14.1 bp −$141	25.5 bp −$2,545	32.4 bp −$16.2K
Sell RISEx live order book, 1 min ago	1.02 bp	4.1 bp −$4	4.8 bp −$48	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	−0.0612%	1h	92.760	+0.011%	$198K	$366K	15x	as long as short
Aster CLUSD1	−0.0341%	4h	92.800	+0.054%	$24.0M	$74.7M	20x	as long as short
GRVT CL_USDT_Perp	−0.0320%	4h	92.796	+0.049%	$50K	$632K	25x	as long as short
Binance CLUSDT	−0.0283%	4h	92.800	+0.054%	$244.8M	$1.01B	100x	as long as short
Variational Omni CL	−0.0275%	4h	92.851	+0.108%	$13.3M	$11.3M	—	as long as short
Gate CL_USDTlong	−0.0172%	8h	92.750	long leg	$20.9M	$52.8M	100x
Ondo Perps WTI-USD.P	−0.0090%	1h	92.740	−0.011%	$3.5M	$5.8M	20x	as long as short
tradeXYZ xyz:CL	−0.0060%	1h	92.799	+0.053%	$185.5M	$224.9M	20x	as long as short
Nado WTI-PERP	−0.0050%	1h	92.833	+0.089%	$936K	$686K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.030	−0.776%	$399K	$942K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.830	+0.086%	$275K	$883K	25x	as long as short
QFEX CL-USD	−0.0033%	1h	92.750	0.000%	$2.5M	$1.7M	10x	as long as short
Extended WTI-USD	−0.0016%	1h	92.830	+0.086%	$2.1M	$25.2M	10x	as long as short
OKX CL-USDT-SWAP	−0.0014%	4h	92.800	+0.054%	$43.0M	$107.0M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.832	+0.088%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.810	+0.065%	$26.3M	$84.2M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.794	+0.047%	$42.1M	$46.5M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.890	+0.151%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.807	+0.061%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.356	−0.425%	$5K	—	150x	as long as short
edgeX CLUSDC	+0.0012%	4h	92.782	+0.034%	$534K	$299K	30x	as long as short
Paradex CL-USD-PERP	+0.0018%	8h	92.753	+0.004%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.791	+0.044%	$11.2M	$10.1M	20x	as long as short
RISEx CL/USDCshort	+0.0037%	1h	92.890	+0.151%	$3.3M	$2.7M	20x
StandX CL-USD	+0.0040%	1h	92.330	−0.453%	$726K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.820	+0.075%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.807	+0.061%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.794	+0.047%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTM	+0.0070%	4h	92.850	+0.108%	$7.2M	$2.3M	50x	as long as short
Aftermath Perps WTIUSD	+0.0075%	1h	92.791	+0.044%	$2K	$28K	5x	as long as short
Pacifica CL	+0.0100%	1h	92.787	+0.040%	$331K	$616K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.840	+0.097%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.757	+0.008%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.805	+0.059%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.93	+9.901%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0228%	4h	92.730	−0.022%	$4.0M	$1.2M	50x	as long as short