Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h −0.020%

Price spread now: Gate against OKX−0.064%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.232%−$23 on $10k

Price spread, last 7 days−0.040%−$4 · spread now −0.064%, 7d avg −0.074%

Together, before fees−0.272%−$27 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CL-USDT-SWAP	93.050	−0.0047	get 0.0023% / 4h	3h 54m	$42.6M	$102.7M	50x
Short	Gate CL_USDT	92.990	−0.0044	pay 0.0044% / 8h	3h 54m	$20.9M	$50.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now −0.064%Rate

Funding earned: $0.54
Price spread: −0.064% → −0.074%: $1
Slippage, 4 orders: −$6.19
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$29.64
Costs to cover: 0.312%
Break-even: 387.9 days

Slippage from OKX: live order book, 4 min ago; Gate: live order book, 4 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 OKX live order book, 4 min ago	0.54 bp	5.5 bp −$6	6.1 bp −$61	11.8 bp −$1,180	doesn't fit
Sell Gate live order book, 4 min ago	0.54 bp	9.7 bp −$10	15.9 bp −$159	28.6 bp −$2,861	38.2 bp −$19.1K

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	−0.0287%	1h	93.020	−0.032%	$198K	$370K	15x	as long as short
Aster CLUSD1	−0.0267%	4h	93.051	+0.001%	$24.1M	$66.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0186%	4h	93.024	−0.028%	$54K	$658K	25x	as long as short
Binance CLUSDT	−0.0177%	4h	93.040	−0.011%	$245.0M	$944.7M	100x	as long as short
Variational Omni CL	−0.0168%	4h	93.019	−0.034%	$13.5M	$10.8M	—	as long as short
Bitget CLUSDT	−0.0128%	4h	93.029	−0.023%	$42.0M	$43.3M	100x	as long as short
Aftermath Perps WTIUSD	−0.0108%	1h	93.006	−0.048%	$2K	$27K	5x	as long as short
Nado WTI-PERP	−0.0108%	1h	93.105	+0.059%	$964K	$647K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0080%	1h	93.000	−0.054%	$3.5M	$5.4M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.045	−0.005%	$268K	$935K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0060%	4h	93.018	−0.034%	$526K	$303K	30x	as long as short
OKX CL-USDT-SWAPlong	−0.0047%	4h	93.050	long leg	$42.6M	$102.7M	50x
Gate CL_USDTshort	−0.0044%	8h	92.990	−0.064%	$20.9M	$50.6M	100x
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.930	−0.129%	$399K	$926K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.020	−0.032%	$2.3M	$1.8M	10x	as long as short
KuCoin CLUSDTM	−0.0020%	4h	93.051	+0.001%	$7.1M	$2.4M	50x	as long as short
tradeXYZ xyz:CL	−0.0010%	1h	93.042	−0.009%	$184.6M	$219.8M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.030	−0.021%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.045	−0.005%	$26.5M	$80.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.117	+0.072%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.070	+0.021%	$37K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.036	−0.015%	$19K	$243K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.591	−0.493%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0007%	8h	93.037	−0.014%	$16K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	93.031	−0.020%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.070	+0.021%	$2.0M	$19.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.020	−0.032%	$735K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.050	0.000%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.036	−0.015%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.039	−0.012%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.051	+0.001%	$330K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.030	−0.021%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.004	−0.049%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0192%	4h	93.050	0.000%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0218% / S −0.0146%	1h	93.035	−0.016%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.17	+9.797%	$19K	$11K	30x	as long as short