Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h −0.040%

Price spread now: gTrade (Gains Network) against KuCoin−0.528%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 gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (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 −$1 a day on $10k at the current rate, and gTrade (Gains Network) is 0.528% cheaper against KuCoin than usual: you would sell low and buy high (−$53 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	93.132	−0.0010	get 0.0005% / 4h	38m 00s	$7.1M	$2.4M	50x
Short	gTrade (Gains Network) WTI/USD	92.640	L 0.0000% / S +0.0036%	pay 0.0004% / 1h	38m 00s	$5K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.528%Rate

Funding earned: −$5.4
Price spread: −0.528% → 0.000%: −$52.83
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Net: −$78.23
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 5 min ago; gTrade (Gains Network): 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, 5 min ago	0.81 bp	10.6 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.0609%	1h	93.030	−0.110%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0250%	4h	93.067	−0.070%	$24.0M	$67.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0242%	4h	93.158	+0.027%	$64K	$648K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0196%	1h	93.094	−0.041%	$274K	$872K	25x	as long as short
Binance CLUSDT	−0.0193%	4h	93.052	−0.086%	$244.6M	$951.8M	100x	as long as short
Variational Omni CL	−0.0183%	4h	93.158	+0.028%	$13.5M	$11.0M	—	as long as short
Ondo Perps WTI-USD.P	−0.0118%	1h	93.070	−0.067%	$3.5M	$5.6M	20x	as long as short
tradeXYZ xyz:CL	−0.0111%	1h	93.055	−0.083%	$184.8M	$215.6M	20x	as long as short
Aftermath Perps WTIUSD	−0.0093%	1h	93.141	+0.009%	$2K	$27K	5x	as long as short
Bitget CLUSDT	−0.0088%	4h	93.049	−0.089%	$41.9M	$43.9M	100x	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	−0.0069%	4h	93.060	−0.077%	$42.6M	$102.7M	50x	as long as short
Gate CL_USDT	−0.0056%	8h	93.020	−0.120%	$20.9M	$51.5M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.410%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0043%	1h	93.060	−0.077%	$2.5M	$1.7M	10x	as long as short
edgeX CLUSDC	−0.0041%	4h	93.173	+0.044%	$530K	$299K	30x	as long as short
Nado WTI-PERP	−0.0031%	1h	93.160	+0.030%	$963K	$653K	10x	as long as short
Lighter WTI	−0.0016%	1h	93.065	−0.072%	$11.2M	$10.5M	20x	as long as short
KuCoin CLUSDTMlong	−0.0010%	4h	93.132	long leg	$7.1M	$2.4M	50x
dYdX WTI-USD	0.0000%	1h	93.113	−0.020%	$8K	$3K	5x	as long as short
Extended WTI-USD	0.0000%	1h	93.100	−0.034%	$2.0M	$21.2M	10x	as long as short
Bybit CLUSDT	0.0000%	8h	93.070	−0.067%	$26.7M	$80.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.156	+0.026%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.210	+0.084%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.068	−0.069%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USDshort	L 0.0000% / S +0.0036%	1h	92.640	−0.528%	$5K	—	150x
Paradex CL-USD-PERP	+0.0014%	8h	93.079	−0.057%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	93.140	+0.009%	$735K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.110	−0.024%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.083	−0.053%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.062	−0.075%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	93.091	−0.044%	$329K	$621K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.170	+0.041%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.053	−0.085%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0172%	4h	93.130	−0.002%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0213% / S −0.0140%	1h	93.065	−0.072%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.31	+9.857%	$19K	$11K	30x	as long as short