Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.012%

Price spread now: Injective against KuCoin+9.944%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Injective

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 for this trade now. Funding pays +$4 a day on $10k at the current rate, and Injective is 9.944% dearer against KuCoin than usual: you sell high and buy low: +$994 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CLUSDTM	92.212	0.0100	pay 0.0050% / 4h	3h 52m	$7.2M	$2.3M	50x
Short	Injective WTI/USDC PERP	101.38	0.0220	get 0.0028% / 1h	52m 53s	$19K	$11K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +9.944%Rate

Funding earned: $25.2
Price spread: +9.944% → 0.000%: $994.45
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,007.63
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 5 min ago; Injective: 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	1.19 bp	8.5 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
GRVT CL_USDT_Perp	−0.0566%	4h	92.074	−0.150%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0313%	4h	92.192	−0.021%	$23.9M	$79.0M	20x	as long as short
Binance CLUSDT	−0.0239%	4h	92.132	−0.087%	$245.0M	$1.09B	100x	as long as short
Variational Omni CL	−0.0223%	4h	92.093	−0.130%	$13.2M	$12.7M	—	as long as short
Gate CL_USDT	−0.0206%	8h	92.080	−0.143%	$21.3M	$54.2M	100x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0184%	1h	92.190	−0.024%	$96K	$189K	15x	as long as short
Bybit CLUSDT	−0.0163%	8h	92.160	−0.056%	$26.0M	$93.8M	150x	as long as short
Nado WTI-PERP	−0.0132%	1h	92.219	+0.008%	$923K	$732K	10x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.195	−0.019%	$273K	$1.2M	25x	as long as short
Ondo Perps WTI-USD.P	−0.0065%	1h	92.110	−0.111%	$3.5M	$6.2M	20x	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	−0.0061%	1h	92.159	−0.057%	$185.7M	$261.4M	20x	as long as short
Lighter WTI	−0.0040%	1h	92.179	−0.036%	$11.2M	$9.9M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.197%	$399K	$961K	15x	as long as short
QFEX CL-USD	−0.0040%	1h	92.150	−0.067%	$2.4M	$2.3M	10x	as long as short
Paradex CL-USD-PERP	−0.0032%	8h	92.133	−0.086%	$15K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	92.160	−0.057%	$8K	$3K	5x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.130	−0.089%	$42.9M	$111.3M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.275	+0.068%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.140	−0.078%	$41.9M	$51.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.280	+0.074%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.177	−0.038%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.765	−0.485%	$5K	—	150x	as long as short
ApeX Omni CLUSDT	+0.0006%	1h	92.130	−0.089%	$56K	$265K	50x	as long as short
Extended WTI-USD	+0.0032%	1h	92.240	+0.030%	$2.0M	$26.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.140	−0.078%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.210	−0.002%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.172	−0.043%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.176	−0.039%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0055%	4h	92.179	−0.036%	$530K	$305K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.149	−0.068%	$353K	$596K	10x	as long as short
KuCoin CLUSDTMlong	+0.0100%	4h	92.212	long leg	$7.2M	$2.3M	50x
Aevo WTIOIL-PERP	+0.0104%	1h	92.189	−0.025%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0131%	1h	92.175	−0.040%	$77K	—	111x	as long as short
Injective WTI/USDC PERPshort	+0.0220%	1h	101.38	+9.944%	$19K	$11K	30x
BloFin CL-USDT	+0.0240%	4h	92.120	−0.100%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0458%	1h	92.146	−0.071%	$2K	$29K	5x	as long as short