Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0139%/8h= +15.2% APRpaid last 24h −0.003%

Price spread now: Gate against GRVT+0.034%66s7-day average −0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.329% of the position

Long on GRVT Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.124%−$12 on $10k

Price spread, last 3 days (all we have)−0.091%−$9 · spread now +0.034%, 7d avg −0.082%

Together, before fees−0.215%+ Points / potential airdropGRVT: Active · farm board−$21 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 Gate is 0.115% dearer against GRVT than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.082%. Mind the row above: over the last 7 days funding on this pair cost −0.124%, so the current rate has only just turned in your favour. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CL_USDT_Perp	92.289	−0.0378	get 0.0189% / 4h	3h 40m	$58K	$693K	25x
Short	Gate CL_USDT	92.320	−0.0239	pay 0.0239% / 8h	7h 40m	$21.3M	$54.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against GRVT. 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 GRVTbpFee GatebpOrdersPrice spread, now +0.034%Rate

Funding earned: $29.19
Price spread: +0.034% → −0.082%: $11.55
Slippage, 4 orders: −$8.91
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $7.83
Costs to cover: 0.329%
Break-even: 5.1 days

Slippage from GRVT: live order book, 33 min ago; Gate: live order book, 4 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 GRVT live order book, 33 min ago	0.54 bp	7.7 bp −$8	10.4 bp −$104	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	0.54 bp	10.0 bp −$10	14.0 bp −$140	26.8 bp −$2,681	33.7 bp −$16.8K

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
GRVT CL_USDT_Perplong	−0.0378%	4h	92.289	long leg	$58K	$693K	25x
Aster CLUSD1	−0.0323%	4h	92.393	+0.113%	$23.9M	$81.1M	20x	as long as short
Binance CLUSDT	−0.0258%	4h	92.388	+0.107%	$244.9M	$1.08B	100x	as long as short
Variational Omni CL	−0.0247%	4h	92.351	+0.067%	$13.2M	$12.1M	—	as long as short
Gate CL_USDTshort	−0.0239%	8h	92.320	+0.034%	$21.3M	$54.7M	100x
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.418	+0.140%	$274K	$1.1M	25x	as long as short
Nado WTI-PERP	−0.0094%	1h	92.424	+0.146%	$926K	$731K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0075%	1h	92.400	+0.120%	$96K	$189K	15x	as long as short
Ondo Perps WTI-USD.P	−0.0061%	1h	92.380	+0.099%	$3.5M	$6.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.281%	$399K	$960K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.350	+0.066%	$2.4M	$2.2M	10x	as long as short
tradeXYZ xyz:CL	−0.0031%	1h	92.399	+0.119%	$186.5M	$261.8M	20x	as long as short
Paradex CL-USD-PERP	−0.0023%	8h	92.353	+0.069%	$15K	$367	5x	as long as short
Lighter WTI	0.0000%	1h	92.372	+0.090%	$11.2M	$10.0M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.403	+0.123%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.400	+0.120%	$26.1M	$93.3M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.360	+0.077%	$42.9M	$111.4M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.504	+0.234%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.386	+0.105%	$42.0M	$51.1M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.380	+0.099%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.387	+0.106%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.955	−0.362%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	92.430	+0.153%	$2.3M	$27.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.350	+0.066%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.410	+0.131%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.388	+0.107%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.385	+0.104%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0070%	4h	92.305	+0.017%	$531K	$298K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.379	+0.098%	$354K	$596K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.394	+0.114%	$7.2M	$2.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.300	+0.012%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.351	+0.067%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.385	+0.104%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.38	+9.853%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.330	+0.044%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0337%	1h	92.325	+0.039%	$2K	$28K	5x	as long as short