Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: ApeX Omni against KuCoin+0.085%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$610.607% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.085%, 7d avg −0.008%

Together, before fees−0.011%−$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.093% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CLUSDTM	93.670	0.0100	pay 0.0050% / 4h	1h 23m	$7.1M	$2.4M	50x
Short	ApeX Omni CLUSDT	93.750	0.0100	get 0.0013% / 1h	23m 22s	$54K	$266K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.085%Rate

Funding earned: $0
Price spread: +0.085% → −0.008%: $9.3
Slippage, 4 orders: −$38.68
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$51.38
Costs to cover: 0.607%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; ApeX Omni: live order book, 19 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 KuCoin live order book, 5 min ago	2.08 bp	8.8 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 19 min ago	8.55 bp	20.3 bp −$20	204.4 bp −$2,044	doesn't fit	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0497%	1h	93.620	−0.053%	$197K	$383K	15x	as long as short
Aster CLUSD1	−0.0275%	4h	93.689	+0.020%	$24.6M	$65.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0262%	4h	93.658	−0.013%	$58K	$618K	25x	as long as short
Binance CLUSDT	−0.0148%	4h	93.660	−0.011%	$247.1M	$916.2M	100x	as long as short
Aftermath Perps WTIUSD	−0.0142%	1h	93.649	−0.023%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.670	0.000%	$283K	$960K	25x	as long as short
Variational Omni CL	−0.0136%	4h	93.629	−0.044%	$13.5M	$10.6M	—	as long as short
Ondo Perps WTI-USD.P	−0.0125%	1h	93.600	−0.075%	$3.5M	$5.3M	20x	as long as short
Gate CL_USDT	−0.0111%	8h	93.570	−0.107%	$22.5M	$49.5M	100x	as long as short
Bitget CLUSDT	−0.0104%	4h	93.630	−0.043%	$42.3M	$42.0M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0078%	1h	93.653	−0.018%	$185.2M	$205.0M	20x	as long as short
Nado WTI-PERP	−0.0056%	1h	93.707	+0.040%	$966K	$620K	10x	as long as short
edgeX CLUSDC	−0.0037%	4h	93.643	−0.029%	$526K	$305K	30x	as long as short
QFEX CL-USD	−0.0023%	1h	93.640	−0.032%	$2.3M	$2.4M	10x	as long as short
OKX CL-USDT-SWAP	−0.0020%	4h	93.650	−0.021%	$43.0M	$101.8M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.181%	$404K	$916K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.649	−0.023%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.655	−0.016%	$26.9M	$79.0M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.701	+0.033%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.730	+0.064%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.663	−0.007%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.189	−0.514%	$5K	—	150x	as long as short
Lighter WTI	+0.0016%	1h	93.651	−0.020%	$11.3M	$9.6M	20x	as long as short
Paradex CL-USD-PERP	+0.0021%	8h	93.633	−0.040%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.700	+0.032%	$2.0M	$15.5M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.680	+0.011%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.670	0.000%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.648	−0.023%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.649	−0.022%	$2.1M	$61K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.643	−0.029%	$333K	$574K	10x	as long as short
KuCoin CLUSDTMlong	+0.0100%	4h	93.670	long leg	$7.1M	$2.4M	50x
ApeX Omni CLUSDTshort	+0.0100%	1h	93.750	+0.085%	$54K	$266K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	93.619	−0.054%	$4K	—	10x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.97	+9.932%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0221%	4h	93.640	−0.032%	$4.0M	$971K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0247% / S −0.0181%	1h	93.645	−0.027%	$84K	—	111x	as long as short