Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h +0.034%

Price spread now: Vest against Gate+0.075%7-day average −0.774% · you sell dearer than you buy

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

Long on Gate Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.156%+$16 on $10k

Price spread, last 4 days (all we have)−0.141%−$14 · spread now +0.075%, 7d avg −0.774%

Together, before fees+0.015%+ Points / potential airdropVest: Active · farm board+$2 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 Vest is 0.849% dearer against Gate than usual: you sell high and buy low: +$85 more if the spread goes back to its 7-day average of −0.774%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CL_USDT	93.260	−0.0071	get 0.0071% / 8h	3h 01m	$21.5M	$51.6M	100x
Short	Vest CL-PERP	93.330	0.0046	get 0.0006% / 1h	1m 02s	—	$313K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.075%Rate

Funding earned: $24.5
Price spread: +0.075% → −0.774%: $84.92
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Vest: 1 bp × 2 orders: −$2
Net: $92.43
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Gate: live order book, 3 min ago; Vest: no order-book sample. 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, 3 min ago	0.54 bp	8.3 bp −$8	13.2 bp −$132	24.2 bp −$2,424	31.3 bp −$15.7K
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0607%	1h	93.290	+0.032%	$198K	$371K	15x	as long as short
GRVT CL_USDT_Perp	−0.0332%	4h	93.330	+0.076%	$58K	$654K	25x	as long as short
Aster CLUSD1	−0.0286%	4h	93.350	+0.097%	$24.3M	$66.0M	20x	as long as short
Binance CLUSDT	−0.0190%	4h	93.320	+0.064%	$246.4M	$939.3M	100x	as long as short
Variational Omni CL	−0.0176%	4h	93.299	+0.041%	$13.3M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0142%	1h	93.346	+0.092%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0130%	4h	93.306	+0.049%	$42.0M	$43.2M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0130%	1h	93.280	+0.021%	$3.5M	$5.3M	20x	as long as short
Nado WTI-PERP	−0.0105%	1h	93.385	+0.134%	$967K	$625K	10x	as long as short
edgeX CLUSDC	−0.0097%	4h	93.350	+0.097%	$525K	$306K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDTlong	−0.0071%	8h	93.260	long leg	$21.5M	$51.6M	100x
OKX CL-USDT-SWAP	−0.0065%	4h	93.330	+0.075%	$42.7M	$103.1M	50x	as long as short
tradeXYZ xyz:CL	−0.0063%	1h	93.322	+0.066%	$184.7M	$217.2M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.345	+0.092%	$282K	$961K	25x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.107%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.320	+0.064%	$2.3M	$2.0M	10x	as long as short
Paradex CL-USD-PERP	−0.0017%	8h	93.326	+0.070%	$16K	$367	5x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.360	+0.107%	$37K	$41K	20x	as long as short
Lighter WTI	0.0000%	1h	93.318	+0.062%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	+0.075%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.330	+0.075%	$26.9M	$80.0M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.381	+0.129%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.320	+0.065%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.884	−0.403%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0016%	1h	93.370	+0.118%	$2.0M	$18.2M	10x	as long as short
KuCoin CLUSDTM	+0.0024%	4h	93.345	+0.091%	$7.1M	$2.4M	50x	as long as short
StandX CL-USD	+0.0040%	1h	93.310	+0.054%	$738K	$2.9M	40x	as long as short
Vest CL-PERPshort	+0.0046%	1h	93.330	+0.075%	—	$313K	10x
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.324	+0.069%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.326	+0.071%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.331	+0.076%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.400	+0.150%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.291	+0.033%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0175%	4h	93.320	+0.064%	$4.0M	$987K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.37	+9.769%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0225% / S −0.0153%	1h	93.325	+0.070%	$81K	—	111x	as long as short