Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h +0.008%

Price spread now: tradeXYZ against Gate+0.027%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.284%+$28 on $10k

Price spread, last 7 days+0.045%+$4 · spread now +0.027%, 7d avg +0.052%

Together, before fees+0.329%+ Points / potential airdroptradeXYZ: Active · farm board+$33 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: tradeXYZ is 0.025% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CL_USDT	93.420	−0.0083	get 0.0083% / 8h	2h 01m	$22.1M	$50.5M	100x
Short	tradeXYZ xyz:CL	93.445	−0.0076	pay 0.0009% / 1h	1m 56s	$184.9M	$212.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.027%Rate

Funding earned: $1.47
Price spread: +0.027% → +0.052%: −$2.5
Slippage, 4 orders: −$4.92
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$38.95
Costs to cover: 0.379%
Break-even: 192.1 days

Slippage from Gate: live order book, 2 min ago; tradeXYZ: live order book, 8 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	13.8 bp −$138	30.0 bp −$2,997	37.8 bp −$18.9K
Sell tradeXYZ live order book, 8 min ago	0.32 bp	9.5 bp −$10	9.8 bp −$98	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	−0.0285%	1h	93.400	−0.021%	$196K	$377K	15x	as long as short
GRVT CL_USDT_Perp	−0.0274%	4h	93.368	−0.056%	$58K	$629K	25x	as long as short
Aster CLUSD1	−0.0274%	4h	93.501	+0.087%	$24.4M	$64.5M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.432	+0.013%	$285K	$959K	25x	as long as short
Binance CLUSDT	−0.0168%	4h	93.490	+0.075%	$246.5M	$931.1M	100x	as long as short
Variational Omni CL	−0.0163%	4h	93.349	−0.076%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0147%	1h	93.396	−0.026%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0120%	4h	93.476	+0.060%	$42.1M	$42.7M	100x	as long as short
Nado WTI-PERP	−0.0102%	1h	93.432	+0.013%	$971K	$629K	10x	as long as short
Gate CL_USDTlong	−0.0083%	8h	93.420	long leg	$22.1M	$50.5M	100x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CLshort	−0.0076%	1h	93.445	+0.027%	$184.9M	$212.3M	20x
Ondo Perps WTI-USD.P	−0.0075%	1h	93.330	−0.096%	$3.5M	$5.4M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.500	+0.086%	$404K	$931K	15x	as long as short
OKX CL-USDT-SWAP	−0.0035%	4h	93.470	+0.054%	$42.7M	$101.9M	50x	as long as short
QFEX CL-USD	−0.0032%	1h	93.400	−0.021%	$2.3M	$2.5M	10x	as long as short
edgeX CLUSDC	−0.0030%	4h	93.344	−0.081%	$525K	$306K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.405	−0.016%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.494	+0.079%	$27.1M	$79.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.452	+0.035%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.410	−0.011%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.397	−0.025%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.970	−0.482%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0022%	8h	93.362	−0.062%	$16K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	93.420	0.000%	$11.3M	$10.0M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.480	+0.064%	$2.0M	$16.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.450	+0.032%	$740K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.390	−0.032%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.383	−0.039%	$332K	$577K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.386	−0.036%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.413	−0.007%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.472	+0.056%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.440	+0.021%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.387	−0.036%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0203%	4h	93.350	−0.075%	$4.0M	$988K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.64	+9.875%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0241% / S −0.0175%	1h	93.400	−0.021%	$84K	—	111x	as long as short