Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0102%/8h= +11.2% APRpaid last 24h +0.008%

Price spread now: Aevo against KuCoin−0.073%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.073% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.073% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CLUSDTM	93.187	0.0002	pay 0.0001% / 4h	3h 23m	$7.1M	$2.4M	50x
Short	Aevo WTIOIL-PERP	93.119	0.0104	get 0.0013% / 1h	23m 38s	$4K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against KuCoin. 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 KuCoinbpFee AevobpOrdersPrice spread, now −0.073%Rate

Funding earned: $21.42
Price spread: −0.073% → 0.000%: −$7.3
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$13.88
Costs to cover: 0.280%
Break-even: 11.5 days

Slippage unknown: KuCoin: live order book, 4 min ago; Aevo: 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 KuCoin live order book, 4 min ago	1.18 bp	10.0 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.0716%	1h	93.110	−0.083%	$199K	$370K	15x	as long as short
GRVT CL_USDT_Perp	−0.0286%	4h	93.168	−0.020%	$54K	$645K	25x	as long as short
Aster CLUSD1	−0.0271%	4h	93.194	+0.008%	$24.2M	$66.2M	20x	as long as short
Binance CLUSDT	−0.0179%	4h	93.172	−0.016%	$245.8M	$940.5M	100x	as long as short
Variational Omni CL	−0.0162%	4h	93.128	−0.064%	$13.3M	$10.9M	—	as long as short
Bitget CLUSDT	−0.0130%	4h	93.172	−0.016%	$42.0M	$43.2M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0130%	1h	93.120	−0.072%	$3.5M	$5.4M	20x	as long as short
Nado WTI-PERP	−0.0121%	1h	93.220	+0.036%	$964K	$631K	10x	as long as short
Aftermath Perps WTIUSD	−0.0117%	1h	93.158	−0.032%	$2K	$27K	5x	as long as short
Gate CL_USDT	−0.0063%	8h	93.110	−0.083%	$21.2M	$51.4M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.155	−0.035%	$279K	$955K	25x	as long as short
OKX CL-USDT-SWAP	−0.0053%	4h	93.150	−0.040%	$42.6M	$102.8M	50x	as long as short
tradeXYZ xyz:CL	−0.0047%	1h	93.171	−0.017%	$184.4M	$217.5M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.029%	$403K	$929K	15x	as long as short
edgeX CLUSDC	−0.0038%	4h	93.177	−0.011%	$524K	$305K	30x	as long as short
QFEX CL-USD	−0.0033%	1h	93.160	−0.029%	$2.3M	$1.8M	10x	as long as short
Paradex CL-USD-PERP	−0.0023%	8h	93.157	−0.032%	$16K	$367	5x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.210	+0.025%	$37K	$41K	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.173	−0.015%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.175	−0.013%	$26.8M	$80.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.243	+0.060%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.155	−0.034%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.723	−0.498%	$5K	—	150x	as long as short
KuCoin CLUSDTMlong	+0.0002%	4h	93.187	long leg	$7.1M	$2.4M	50x
Lighter WTI	+0.0016%	1h	93.178	−0.010%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0024%	1h	93.220	+0.035%	$2.0M	$18.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.110	−0.083%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.170	−0.018%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.163	−0.026%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.145	−0.045%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.162	−0.027%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.180	−0.008%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERPshort	+0.0104%	1h	93.119	−0.073%	$4K	—	10x
BloFin CL-USDT	+0.0191%	4h	93.150	−0.040%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.51	+10.005%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0222% / S −0.0150%	1h	93.155	−0.034%	$81K	—	111x	as long as short