Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.015%

Price spread now: StandX against KuCoin−0.022%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on KuCoin Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 7 days+0.001%$0 · spread now −0.022%, 7d avg −0.047%

Together, before fees−0.046%+ Points / potential airdropStandX: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. StandX is 0.024% dearer against KuCoin than usual: you sell high and buy low (spread −0.022% now, against its 7-day average of −0.047%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 7 days (−0.046% in total) that is about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CLUSDTM	93.701	0.0100	pay 0.0050% / 4h	1h 27m	$7.1M	$2.4M	50x
Short	StandX CL-USD	93.680	0.0040	get 0.0005% / 1h	27m 11s	$742K	$2.8M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$12.6
Price spread: −0.022% → −0.047%: $2.44
Slippage, 4 orders: −$17.87
Fee KuCoin: 6 bp × 2 orders: −$12
Fee StandX: 4 bp × 2 orders: −$8
Net: −$48.03
Costs to cover: 0.379%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; StandX: 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, 1 min ago	2.08 bp	8.8 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell StandX live order book, 2 min ago	5.34 bp	9.3 bp −$9	10.5 bp −$105	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	−0.0497%	1h	93.670	−0.033%	$197K	$383K	15x	as long as short
Aster CLUSD1	−0.0273%	4h	93.701	0.000%	$24.6M	$65.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0256%	4h	93.654	−0.050%	$58K	$618K	25x	as long as short
Binance CLUSDT	−0.0147%	4h	93.680	−0.022%	$247.2M	$916.6M	100x	as long as short
Aftermath Perps WTIUSD	−0.0143%	1h	93.649	−0.056%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.705	+0.004%	$283K	$960K	25x	as long as short
Variational Omni CL	−0.0135%	4h	93.659	−0.045%	$13.5M	$10.6M	—	as long as short
Ondo Perps WTI-USD.P	−0.0114%	1h	93.600	−0.108%	$3.5M	$5.4M	20x	as long as short
Gate CL_USDT	−0.0106%	8h	93.600	−0.108%	$22.5M	$49.3M	100x	as long as short
Bitget CLUSDT	−0.0102%	4h	93.674	−0.029%	$42.3M	$42.0M	100x	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	−0.0074%	1h	93.676	−0.027%	$185.2M	$207.0M	20x	as long as short
Nado WTI-PERP	−0.0055%	1h	93.717	+0.017%	$966K	$621K	10x	as long as short
edgeX CLUSDC	−0.0042%	4h	93.616	−0.090%	$526K	$305K	30x	as long as short
QFEX CL-USD	−0.0023%	1h	93.670	−0.033%	$2.3M	$2.5M	10x	as long as short
OKX CL-USDT-SWAP	−0.0018%	4h	93.670	−0.033%	$43.0M	$101.9M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.215%	$404K	$916K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.640	−0.065%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.680	−0.022%	$27.0M	$78.9M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.728	+0.028%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.690	−0.012%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.688	−0.014%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.182	−0.554%	$5K	—	150x	as long as short
Lighter WTI	+0.0016%	1h	93.670	−0.033%	$11.3M	$9.6M	20x	as long as short
Paradex CL-USD-PERP	+0.0023%	8h	93.629	−0.077%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.740	+0.042%	$2.0M	$15.6M	10x	as long as short
StandX CL-USDshort	+0.0040%	1h	93.680	−0.022%	$742K	$2.8M	40x
Vest CL-PERP	+0.0046%	1h	93.670	−0.033%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.654	−0.050%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.690	−0.012%	$2.1M	$61K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.646	−0.059%	$333K	$574K	10x	as long as short
KuCoin CLUSDTMlong	+0.0100%	4h	93.701	long leg	$7.1M	$2.4M	50x
ApeX Omni CLUSDT	+0.0100%	1h	93.660	−0.044%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.666	−0.038%	$4K	—	10x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.97	+9.895%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0224%	4h	93.640	−0.065%	$4.0M	$977K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0246% / S −0.0180%	1h	93.695	−0.006%	$84K	—	111x	as long as short