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: SoDEX against KuCoin+0.082%7-day average −0.021% · 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−$46as in the Price arb table

costs, in and out, $10k−$570.568% of the position

Long on KuCoin Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.461%−$46 · spread now +0.082%, 7d avg −0.021%

Together, before fees−0.461%−$46 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SoDEX is 0.103% dearer against KuCoin than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of −0.021%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.9 days. At the pace of the last 4 days (−0.001% in total) that is about 16 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CLUSDTM	92.493	0.0100	pay 0.0050% / 4h	3h 21m	$7.0M	$2.5M	50x
Short	SoDEX CL-USD	92.569	0.0050	get 0.0006% / 1h	21m 31s	$2.1M	$69K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$10.5
Price spread: +0.082% → −0.021%: $10.35
Slippage, 4 orders: −$36.8
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$56.95
Costs to cover: 0.568%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; SoDEX: 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	1.29 bp	8.6 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX live order book, 2 min ago	0.54 bp	18.9 bp −$19	89.5 bp −$895	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	−0.0614%	1h	92.550	+0.062%	$187K	$412K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0314%	1h	92.567	+0.080%	$269K	$948K	25x	as long as short
Aster CLUSD1	−0.0218%	4h	92.520	+0.029%	$24.9M	$60.0M	20x	as long as short
Binance CLUSDT	−0.0123%	4h	92.479	−0.015%	$245.6M	$930.9M	100x	as long as short
Gate CL_USDT	−0.0119%	8h	92.430	−0.068%	$23.6M	$50.3M	100x	as long as short
Variational Omni CL	−0.0108%	4h	92.657	+0.177%	$13.5M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0100%	1h	92.541	+0.052%	$946K	$596K	10x	as long as short
GRVT CL_USDT_Perp	−0.0080%	4h	92.622	+0.139%	$74K	$611K	25x	as long as short
Bitget CLUSDT	−0.0076%	4h	92.488	−0.005%	$42.0M	$41.8M	100x	as long as short
Aftermath Perps WTIUSD	−0.0070%	1h	92.735	+0.262%	$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	92.440	−0.057%	$42.4M	$102.5M	50x	as long as short
edgeX CLUSDC	−0.0031%	4h	92.632	+0.151%	$540K	$342K	30x	as long as short
QFEX CL-USD	−0.0026%	1h	92.480	−0.014%	$2.3M	$2.5M	10x	as long as short
tradeXYZ xyz:CL	−0.0011%	1h	92.490	−0.003%	$183.7M	$190.9M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.579	+0.092%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.504	+0.012%	$27.5M	$82.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.555	+0.067%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.565	+0.078%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.158	−0.362%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.660	+0.181%	$37K	$39K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	92.590	+0.105%	$427K	$869K	15x	as long as short
Paradex CL-USD-PERP	+0.0017%	8h	92.471	−0.024%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.489	−0.004%	$11.3M	$8.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.530	+0.040%	$1.7M	$14.0M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0033%	1h	92.460	−0.036%	$3.6M	$5.2M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.590	+0.105%	$728K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.570	+0.083%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.570	+0.083%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USDshort	+0.0050%	1h	92.569	+0.082%	$2.1M	$69K	20x
Pacifica CL	+0.0100%	1h	92.500	+0.008%	$344K	$584K	10x	as long as short
KuCoin CLUSDTMlong	+0.0100%	4h	92.493	long leg	$7.0M	$2.5M	50x
ApeX Omni CLUSDT	+0.0100%	1h	92.710	+0.235%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.543	+0.055%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S −0.0007%	1h	92.665	+0.186%	$80K	—	111x	as long as short
BloFin CL-USDT	+0.0196%	4h	92.620	+0.137%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+10.423%	$19K	$5K	30x	as long as short