Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0133%/8h= −14.6% APRpaid last 24h −0.042%

Price spread now: Aftermath Perps against KuCoin−0.025%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 Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Aftermath Perps is 0.025% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CLUSDTM	90.651	0.0100	pay 0.0050% / 4h	2h 57m	$6.9M	$2.8M	50x
Short	Aftermath Perps WTIUSD	90.629	−0.0033	pay 0.0004% / 1h	57m 53s	$1K	$27K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$27.93
Price spread: −0.025% → 0.000%: −$2.47
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$51.39
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 10 min ago; Aftermath Perps: 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, 10 min ago	1.99 bp	10.4 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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
Kraken Futures PF_WTIOILUSD	−0.0364%	1h	90.740	+0.098%	$271K	$1.0M	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0301%	1h	90.670	+0.021%	$181K	$415K	15x	as long as short
Aster CLUSD1	−0.0196%	4h	90.616	−0.039%	$24.5M	$61.4M	20x	as long as short
Binance CLUSDT	−0.0117%	4h	90.560	−0.100%	$245.0M	$1.04B	100x	as long as short
Variational Omni CL	−0.0100%	4h	90.468	−0.202%	$13.0M	$11.0M	—	as long as short
Bitget CLUSDT	−0.0096%	4h	90.553	−0.108%	$40.8M	$45.8M	100x	as long as short
Gate CL_USDT	−0.0091%	8h	90.530	−0.133%	$23.0M	$50.5M	100x	as long as short
GRVT CL_USDT_Perp	−0.0066%	4h	90.468	−0.202%	$70K	$616K	25x	as long as short
edgeX CLUSDC	−0.0062%	4h	90.306	−0.380%	$518K	$352K	30x	as long as short
Nado WTI-PERP	−0.0056%	1h	90.748	+0.107%	$940K	$613K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0043%	4h	90.560	−0.100%	$41.1M	$111.0M	50x	as long as short
Aftermath Perps WTIUSDshort	−0.0033%	1h	90.629	−0.025%	$1K	$27K	5x
QFEX CL-USD	−0.0023%	1h	90.650	−0.001%	$2.2M	$2.9M	10x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.952	−0.771%	$1K	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	90.836	+0.204%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	90.593	−0.064%	$26.4M	$91.1M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.705	+0.060%	$2.9M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	90.654	+0.003%	$18K	$238K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0008%	1h	90.590	−0.067%	$408K	$1.0M	15x	as long as short
Phoenix WTIOIL	+0.0009%	1h	90.470	−0.200%	$36K	$36K	20x	as long as short
tradeXYZ xyz:CL	+0.0013%	1h	90.666	+0.017%	$176.5M	$206.4M	20x	as long as short
Paradex CL-USD-PERP	+0.0017%	8h	90.750	+0.109%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	90.690	+0.043%	$11.0M	$8.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	90.700	+0.054%	$1.6M	$13.7M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	102.13	+12.667%	$19K	$5K	30x	as long as short
StandX CL-USD	+0.0040%	1h	90.540	−0.122%	$704K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	90.640	−0.012%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	90.669	+0.020%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	90.696	+0.050%	$2.0M	$82K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	90.650	−0.001%	$3.5M	$5.2M	20x	as long as short
Pacifica CL	+0.0100%	1h	90.793	+0.157%	$335K	$573K	10x	as long as short
KuCoin CLUSDTMlong	+0.0100%	4h	90.651	long leg	$6.9M	$2.8M	50x
ApeX Omni CLUSDT	+0.0100%	1h	90.490	−0.178%	$53K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	90.658	+0.008%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0192%	4h	90.710	+0.065%	$4.0M	$999K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0254% / S −0.0184%	1h	90.485	−0.183%	$84K	—	111x	as long as short