Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.015%

Price spread now: Extended against KuCoin+0.002%7-day average −0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$250.247% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 7 days−0.099%−$10 · spread now +0.002%, 7d avg −0.045%

Together, before fees−0.105%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.047% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CLUSDTM	93.278	−0.0014	get 0.0007% / 4h	3h 48m	$7.1M	$2.4M	50x
Short	Extended WTI-USD	93.280	0.0032	get 0.0004% / 1h	48m 32s	$2.0M	$19.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.002%Rate

Funding earned: $9.66
Price spread: +0.002% → −0.045%: $4.72
Slippage, 4 orders: −$7.71
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$10.34
Costs to cover: 0.247%
Break-even: 14.5 days

Slippage from KuCoin: live order book, 4 min ago; Extended: live order book, 6 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, 4 min ago	1.50 bp	9.0 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 6 min ago	0.27 bp	3.1 bp −$3	6.0 bp −$60	24.0 bp −$2,396	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	−0.0286%	1h	93.180	−0.105%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0262%	4h	93.290	+0.013%	$24.1M	$66.8M	20x	as long as short
GRVT CL_USDT_Perp	−0.0238%	4h	93.007	−0.291%	$54K	$658K	25x	as long as short
Binance CLUSDT	−0.0172%	4h	93.270	−0.009%	$245.6M	$943.1M	100x	as long as short
Variational Omni CL	−0.0167%	4h	93.119	−0.171%	$13.5M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0126%	1h	93.297	+0.020%	$966K	$644K	10x	as long as short
Bitget CLUSDT	−0.0122%	4h	93.258	−0.021%	$42.0M	$43.3M	100x	as long as short
Aftermath Perps WTIUSD	−0.0111%	1h	93.090	−0.202%	$2K	$27K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0109%	1h	93.200	−0.084%	$3.5M	$5.3M	20x	as long as short
edgeX CLUSDC	−0.0077%	4h	93.022	−0.274%	$526K	$303K	30x	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	93.205	−0.078%	$269K	$938K	25x	as long as short
Gate CL_USDT	−0.0046%	8h	93.200	−0.084%	$21.0M	$50.7M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.190	−0.094%	$401K	$928K	15x	as long as short
OKX CL-USDT-SWAP	−0.0036%	4h	93.270	−0.009%	$42.7M	$102.7M	50x	as long as short
QFEX CL-USD	−0.0033%	1h	93.230	−0.051%	$2.3M	$1.8M	10x	as long as short
KuCoin CLUSDTMlong	−0.0014%	4h	93.278	long leg	$7.1M	$2.4M	50x
Phoenix WTIOIL	−0.0009%	1h	93.050	−0.244%	$37K	$41K	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.272	−0.006%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.290	+0.013%	$27.0M	$80.9M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.330	+0.056%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.189	−0.095%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.755	−0.561%	$5K	—	150x	as long as short
tradeXYZ xyz:CL	+0.0005%	1h	93.258	−0.021%	$184.9M	$218.7M	20x	as long as short
Paradex CL-USD-PERP	+0.0013%	8h	93.232	−0.049%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.241	−0.040%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USDshort	+0.0032%	1h	93.280	+0.002%	$2.0M	$19.7M	10x
StandX CL-USD	+0.0040%	1h	93.170	−0.116%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.250	−0.030%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.259	−0.020%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.203	−0.080%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.261	−0.018%	$331K	$597K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.120	−0.169%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.154	−0.133%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0200%	4h	93.190	−0.094%	$4.0M	$998K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0219% / S −0.0146%	1h	93.195	−0.089%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.17	+9.529%	$19K	$11K	30x	as long as short