Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h +0.042%

Price spread now: StandX against Gate+0.022%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs+$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on Gate Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.571%+$57 on $10k

Price spread, last 7 days+0.073%+$7 · spread now +0.022%, 7d avg +0.043%

Together, before fees+0.644%+ Points / potential airdropStandX: Active · farm board+$64 on $10k · with fees, hour by hour

Funding pays, the price is against you. StandX is 0.021% cheaper against Gate than usual: you would sell low and buy high (spread +0.022% now, against its 7-day average of +0.043%). If the spread goes back, that is −$2 on $10k: about 5.4 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.571% in total) that is about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CL_USDT	91.840	0	get 0.0000% / 8h	1h 32m	$21.2M	$59.0M	100x
Short	StandX CL-USD	91.860	0.0013	get 0.0002% / 1h	32m 24s	$722K	$3.1M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.022%Rate

Funding earned: $2.72
Price spread: +0.022% → +0.043%: −$2.1
Slippage, 4 orders: −$12.86
Fee Gate: 7.5 bp × 2 orders: −$15
Fee StandX: 4 bp × 2 orders: −$8
Net: −$35.23
Costs to cover: 0.359%
Break-even: 97.6 days

Slippage from Gate: live order book, 2 min ago; StandX: live order book, 2 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	9.8 bp −$10	14.6 bp −$146	25.3 bp −$2,533	32.4 bp −$16.2K
Sell StandX live order book, 2 min ago	3.81 bp	7.8 bp −$8	9.3 bp −$93	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
Lighter WTI	−0.0320%	1h	91.861	+0.023%	$11.0M	$11.2M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0294%	1h	91.920	+0.087%	$95K	$260K	15x	as long as short
Aftermath Perps WTIUSD	−0.0205%	1h	91.877	+0.040%	$2K	$30K	5x	as long as short
Nado WTI-PERP	−0.0193%	1h	91.983	+0.155%	$922K	$761K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0187%	1h	91.840	0.000%	$3.5M	$6.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0166%	1h	91.918	+0.085%	$184.9M	$284.0M	20x	as long as short
Bullet WTIOIL-USD	−0.0151%	1h	91.886	+0.050%	$19K	$240K	10x	as long as short
Paradex CL-USD-PERP	−0.0099%	8h	91.877	+0.040%	$15K	$367	5x	as long as short
GRVT CL_USDT_Perp	−0.0064%	4h	91.841	+0.001%	$58K	$726K	25x	as long as short
Aster CLUSD1	−0.0053%	4h	91.921	+0.088%	$23.9M	$78.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended WTI-USD	−0.0040%	1h	91.965	+0.136%	$2.0M	$29.1M	10x	as long as short
ApeX Omni CLUSDT	−0.0035%	1h	91.930	+0.098%	$55K	$266K	50x	as long as short
Polymarket Perps WTIOIL-USD	−0.0024%	1h	91.897	+0.062%	$1.6M	$1.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.939	+0.108%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.890	+0.054%	$245.3M	$1.12B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.913	+0.079%	$25.3M	$97.5M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.900	+0.065%	$43.1M	$114.1M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.870	+0.033%	$2.4M	$2.5M	10x	as long as short
Gate CL_USDTlong	0.0000%	8h	91.840	long leg	$21.2M	$59.0M	100x
Bitget CLUSDT	0.0000%	4h	91.888	+0.052%	$42.0M	$56.9M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.834	−0.006%	$13.4M	$13.6M	—	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.483	−0.389%	$4K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.920	+0.087%	$37K	$99K	20x	as long as short
StandX CL-USDshort	+0.0013%	1h	91.860	+0.022%	$722K	$3.1M	40x
Vest CL-PERP	+0.0046%	1h	92.000	+0.174%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.905	+0.071%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0087%	4h	91.881	+0.044%	$528K	$342K	30x	as long as short
Pacifica CL	+0.0100%	1h	91.910	+0.076%	$330K	$575K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.913	+0.079%	$7.3M	$2.1M	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.872	+0.035%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	91.720	−0.131%	$384K	$1.2M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	100.99	+9.966%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	91.885	+0.049%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.890	+0.054%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0451%	1h	91.902	+0.067%	$259K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	92.013	+0.188%	$3.2M	$2.8M	20x	as long as short