Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0036%/8h= −4.0% APRpaid last 24h +0.029%

Price spread now: Variational Omni against Gate+0.046%7-day average +0.055% · you sell dearer than you buy

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.129%+$13 on $10k

Price spread, last 7 days+0.052%+$5 · spread now +0.046%, 7d avg +0.055%

Together, before fees+0.182%+ Points / potential airdropVariational Omni: Active · farm board+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.055%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.129%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CL_USDT	92.040	−0.0015	get 0.0015% / 8h	56m 52s	$21.3M	$57.3M	100x
Short	Variational Omni CL	92.083	−0.0051	pay 0.0026% / 4h	56m 52s	$13.4M	$13.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.046%Rate

Funding earned: −$7.64
Price spread: +0.046% → +0.055%: −$0.83
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$23.47
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; Variational Omni: RFQ quote, 2 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, 2 min ago	0.54 bp	9.7 bp −$10	13.4 bp −$134	29.8 bp −$2,975	38.9 bp −$19.5K
Sell Variational Omni RFQ quote, 2 min ago	2.27 bp	doesn't fit	2.3 bp −$23	7.6 bp −$761	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
Kraken Futures PF_WTIOILUSD	−0.0450%	1h	92.111	+0.077%	$275K	$1.2M	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0293%	1h	92.110	+0.076%	$96K	$189K	15x	as long as short
GRVT CL_USDT_Perp	−0.0242%	4h	92.079	+0.043%	$58K	$715K	25x	as long as short
Aster CLUSD1	−0.0178%	4h	92.105	+0.071%	$24.0M	$77.6M	20x	as long as short
Lighter WTI	−0.0176%	1h	92.087	+0.051%	$11.2M	$10.9M	20x	as long as short
Nado WTI-PERP	−0.0175%	1h	92.172	+0.143%	$924K	$746K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0098%	1h	92.090	+0.054%	$3.5M	$6.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0097%	1h	92.109	+0.075%	$185.8M	$278.3M	20x	as long as short
Paradex CL-USD-PERP	−0.0097%	8h	92.077	+0.040%	$15K	$367	5x	as long as short
Binance CLUSDT	−0.0087%	4h	92.090	+0.054%	$244.5M	$1.11B	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet WTIOIL-USD	−0.0055%	1h	92.091	+0.056%	$18K	$241K	10x	as long as short
QFEX CL-USD	−0.0054%	1h	92.070	+0.033%	$2.4M	$2.6M	10x	as long as short
Variational Omni CLshort	−0.0051%	4h	92.083	+0.046%	$13.4M	$13.3M	—
Pacifica CL	−0.0020%	1h	92.107	+0.072%	$332K	$578K	10x	as long as short
Gate CL_USDTlong	−0.0015%	8h	92.040	long leg	$21.3M	$57.3M	100x
Aftermath Perps WTIUSD	−0.0005%	1h	92.127	+0.095%	$2K	$29K	5x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.073%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.120	+0.087%	$25.6M	$95.5M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.090	+0.054%	$43.1M	$113.2M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.215	+0.190%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.088	+0.052%	$42.1M	$52.2M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.011%	$399K	$999K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.678	−0.393%	$4K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.160	+0.130%	$37K	$101K	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0024%	1h	92.093	+0.058%	$1.6M	$1.4M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.150	+0.120%	$2.0M	$27.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.080	+0.043%	$724K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.160	+0.130%	—	$308K	10x	as long as short
edgeX CLUSDC	+0.0046%	4h	92.127	+0.095%	$530K	$333K	30x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.095	+0.060%	$2.0M	$39K	20x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.101	+0.066%	$7.2M	$2.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.150	+0.120%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.065	+0.028%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	92.085	+0.049%	$76K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.28	+10.034%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.090	+0.054%	$4.0M	$1.4M	50x	as long as short