Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.007%

Price spread now: RISEx against KuCoin+0.028%58s7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.277% of the position

Long on KuCoin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.056%+$6 on $10k

Price spread, last 7 days−0.043%−$4 · spread now +0.028%, 7d avg +0.030%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.056%, so the current rate has only just turned against you. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CLUSDTM	93.662	0.0100	pay 0.0050% / 4h	1h 51m	$7.1M	$2.4M	50x
Short	RISEx CL/USDC	93.688	0	get 0.0000% / 1h	51m 39s	$3.1M	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$21
Price spread: +0.028% → +0.030%: −$0.2
Slippage, 4 orders: −$9.69
Fee KuCoin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$48.89
Costs to cover: 0.277%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; RISEx: live order book, 2 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, 6 min ago	1.28 bp	9.6 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 2 min ago	0.85 bp	4.8 bp −$5	6.6 bp −$66	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	−0.0284%	1h	93.610	−0.056%	$197K	$380K	15x	as long as short
Aster CLUSD1	−0.0267%	4h	93.680	+0.019%	$24.5M	$64.8M	20x	as long as short
GRVT CL_USDT_Perp	−0.0258%	4h	93.501	−0.172%	$58K	$629K	25x	as long as short
Binance CLUSDT	−0.0154%	4h	93.655	−0.007%	$246.7M	$928.0M	100x	as long as short
Variational Omni CL	−0.0153%	4h	93.499	−0.174%	$13.4M	$10.8M	—	as long as short
Aftermath Perps WTIUSD	−0.0149%	1h	93.573	−0.095%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.640	−0.023%	$286K	$953K	25x	as long as short
Bitget CLUSDT	−0.0108%	4h	93.624	−0.041%	$42.2M	$42.6M	100x	as long as short
Gate CL_USDT	−0.0090%	8h	93.570	−0.098%	$22.2M	$48.3M	100x	as long as short
edgeX CLUSDC	−0.0069%	4h	93.509	−0.163%	$526K	$305K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps WTI-USD.P	−0.0040%	1h	93.630	−0.034%	$3.5M	$5.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0030%	1h	93.644	−0.019%	$185.2M	$210.6M	20x	as long as short
Nado WTI-PERP	−0.0029%	1h	93.678	+0.017%	$969K	$628K	10x	as long as short
OKX CL-USDT-SWAP	−0.0024%	4h	93.640	−0.023%	$42.7M	$101.9M	50x	as long as short
QFEX CL-USD	−0.0023%	1h	93.620	−0.045%	$2.3M	$2.5M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.173%	$404K	$931K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.620	−0.045%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.672	+0.011%	$27.2M	$79.4M	150x	as long as short
RISEx CL/USDCshort	0.0000%	1h	93.688	+0.028%	$3.1M	$2.9M	20x
Phoenix WTIOIL	0.0000%	1h	93.660	−0.002%	$38K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.641	−0.023%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.168	−0.527%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0027%	8h	93.633	−0.031%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.648	−0.015%	$11.3M	$9.6M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.680	+0.019%	$2.0M	$16.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.590	−0.077%	$741K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.630	−0.034%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.625	−0.040%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.638	−0.026%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.650	−0.012%	$333K	$577K	10x	as long as short
KuCoin CLUSDTMlong	+0.0100%	4h	93.662	long leg	$7.1M	$2.4M	50x
ApeX Omni CLUSDT	+0.0100%	1h	93.560	−0.109%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.607	−0.058%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0212%	4h	93.600	−0.066%	$4.0M	$980K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.74	+9.697%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0244% / S −0.0177%	1h	93.645	−0.018%	$84K	—	111x	as long as short