Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.009%

Price spread now: Polymarket Perps against KuCoin+0.012%7-day average −0.039% · you sell dearer than you buy

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

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$3 on $10k

Price spread, last 7 days−0.106%−$11 · spread now +0.012%, 7d avg −0.039%

Together, before fees−0.071%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.050% dearer against KuCoin than usual: you sell high and buy low (spread +0.012% now, against its 7-day average of −0.039%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CLUSDTM	92.599	0.0100	pay 0.0050% / 4h	3h 25m	$7.0M	$2.5M	50x
Short	Polymarket Perps WTIOIL-USD	92.610	0.0050	get 0.0006% / 1h	25m 13s	$1.6M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$10.5
Price spread: +0.012% → −0.039%: $5.04
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$25.46
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 3 min ago; Polymarket Perps: live order book, 4 min ago. 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, 3 min ago	1.29 bp	8.6 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	314.98 bp	doesn't fit	doesn't fit	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	−0.0722%	1h	92.550	−0.053%	$187K	$411K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0314%	1h	92.576	−0.025%	$269K	$948K	25x	as long as short
Aster CLUSD1	−0.0223%	4h	92.620	+0.023%	$24.8M	$60.2M	20x	as long as short
Binance CLUSDT	−0.0124%	4h	92.590	−0.010%	$244.9M	$932.6M	100x	as long as short
Gate CL_USDT	−0.0122%	8h	92.520	−0.085%	$23.5M	$50.1M	100x	as long as short
Variational Omni CL	−0.0108%	4h	92.657	+0.063%	$13.5M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0102%	1h	92.598	−0.002%	$947K	$598K	10x	as long as short
Bitget CLUSDT	−0.0078%	4h	92.573	−0.028%	$42.1M	$41.9M	100x	as long as short
GRVT CL_USDT_Perp	−0.0068%	4h	92.853	+0.274%	$74K	$611K	25x	as long as short
Aftermath Perps WTIUSD	−0.0067%	1h	92.827	+0.246%	$1K	$27K	5x	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	−0.0045%	4h	92.580	−0.021%	$42.5M	$102.8M	50x	as long as short
QFEX CL-USD	−0.0026%	1h	92.600	+0.001%	$2.3M	$2.5M	10x	as long as short
tradeXYZ xyz:CL	−0.0015%	1h	92.605	+0.006%	$183.8M	$192.7M	20x	as long as short
edgeX CLUSDC	0.0000%	4h	92.910	+0.336%	$542K	$341K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	92.605	+0.006%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.610	+0.012%	$27.5M	$82.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.612	+0.014%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.590	−0.010%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.166	−0.468%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.750	+0.163%	$37K	$39K	20x	as long as short
Paradex CL-USD-PERP	+0.0016%	8h	92.521	−0.084%	$15K	$367	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	92.590	−0.010%	$427K	$869K	15x	as long as short
Ondo Perps WTI-USD.P	+0.0030%	1h	92.540	−0.064%	$3.6M	$5.2M	20x	as long as short
Lighter WTI	+0.0032%	1h	92.580	−0.021%	$11.3M	$8.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.630	+0.033%	$1.7M	$14.1M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.680	+0.087%	$729K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.610	+0.012%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USDshort	+0.0050%	1h	92.610	+0.012%	$1.6M	$1.2M	20x
SoDEX CL-USD	+0.0050%	1h	92.575	−0.026%	$2.1M	$69K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.580	−0.021%	$344K	$584K	10x	as long as short
KuCoin CLUSDTMlong	+0.0100%	4h	92.599	long leg	$7.0M	$2.5M	50x
ApeX Omni CLUSDT	+0.0100%	1h	92.730	+0.141%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.561	−0.041%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S −0.0007%	1h	92.595	−0.004%	$80K	—	111x	as long as short
BloFin CL-USDT	+0.0197%	4h	92.610	+0.012%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+10.297%	$19K	$5K	30x	as long as short