Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0123%/8h= −13.5% APRpaid last 24h −0.044%

Price spread now: Gate against KuCoin−0.093%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$370.372% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.434%−$43 on $10k

Price spread, last 7 days−0.036%−$4 · spread now −0.093%, 7d avg −0.082%

Together, before fees−0.471%−$47 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.082%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CLUSDTM	93.357	0.0050	pay 0.0025% / 4h	2h 34m	$7.1M	$2.4M	50x
Short	Gate CL_USDT	93.270	−0.0073	pay 0.0073% / 8h	2h 34m	$21.7M	$49.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.093%Rate

Funding earned: −$25.83
Price spread: −0.093% → −0.082%: −$1.14
Slippage, 4 orders: −$10.21
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$64.18
Costs to cover: 0.372%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; Gate: live order book, 5 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, 9 min ago	1.12 bp	8.6 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	0.54 bp	9.8 bp −$10	12.8 bp −$128	25.3 bp −$2,530	32.0 bp −$16.0K

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	−0.0714%	1h	93.300	−0.061%	$197K	$373K	15x	as long as short
GRVT CL_USDT_Perp	−0.0322%	4h	93.320	−0.040%	$58K	$640K	25x	as long as short
Aster CLUSD1	−0.0303%	4h	93.371	+0.015%	$24.4M	$65.5M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.341	−0.017%	$283K	$962K	25x	as long as short
Binance CLUSDT	−0.0192%	4h	93.330	−0.029%	$246.3M	$931.2M	100x	as long as short
Variational Omni CL	−0.0179%	4h	93.311	−0.050%	$13.3M	$10.8M	—	as long as short
Aftermath Perps WTIUSD	−0.0153%	1h	93.335	−0.024%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0134%	4h	93.315	−0.045%	$42.1M	$42.9M	100x	as long as short
Nado WTI-PERP	−0.0132%	1h	93.396	+0.042%	$966K	$619K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0124%	1h	93.280	−0.082%	$3.5M	$5.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0085%	4h	93.337	−0.021%	$525K	$306K	30x	as long as short
tradeXYZ xyz:CL	−0.0075%	1h	93.339	−0.019%	$184.5M	$214.4M	20x	as long as short
Gate CL_USDTshort	−0.0073%	8h	93.270	−0.093%	$21.7M	$49.6M	100x
OKX CL-USDT-SWAP	−0.0065%	4h	93.330	−0.029%	$42.6M	$102.5M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.211%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.320	−0.040%	$2.3M	$2.3M	10x	as long as short
Paradex CL-USD-PERP	−0.0001%	8h	93.326	−0.033%	$16K	$367	5x	as long as short
Lighter WTI	0.0000%	1h	93.348	−0.010%	$11.2M	$9.9M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.410	+0.057%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.360	+0.003%	$27.1M	$79.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.389	+0.035%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.360	+0.003%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.339	−0.019%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.907	−0.482%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	93.380	+0.025%	$2.0M	$17.5M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.340	−0.018%	$739K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.360	+0.003%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.344	−0.013%	$331K	$576K	10x	as long as short
KuCoin CLUSDTMlong	+0.0050%	4h	93.357	long leg	$7.1M	$2.4M	50x
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.336	−0.022%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.335	−0.024%	$2.1M	$60K	20x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.380	+0.025%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.306	−0.054%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0178%	4h	93.330	−0.029%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.60	+9.904%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0235% / S −0.0167%	1h	93.325	−0.034%	$84K	—	111x	as long as short