Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: KuCoin against Pacifica−0.134%46s7-day average +0.027% · you buy dearer than you sell

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

Long on Pacifica Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.134%, 7d avg +0.027%

Together, before fees+0.093%+ Points / potential airdropPacifica: Active · farm board+$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.161% cheaper against Pacifica than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.027%. The two prices were read 46 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	Pacifica CL	90.387	0.0100	pay 0.0013% / 1h	1m 56s	$335K	$573K	10x
Short	KuCoin CLUSDTM	90.266	0.0100	get 0.0050% / 4h	3h 01m	$6.9M	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Pacifica. 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 PacificabpFee KuCoinbpOrdersPrice spread, now −0.134%Rate

Funding earned: $0
Price spread: −0.134% → +0.027%: −$16.1
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$36.1
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 32 min ago; KuCoin: live order book, 6 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 Pacifica live order book, 32 min ago	0.05 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	1.99 bp	8.9 bp −$9	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	−0.0414%	1h	90.320	−0.074%	$181K	$415K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0322%	1h	90.361	−0.029%	$265K	$1.0M	25x	as long as short
Aster CLUSD1	−0.0206%	4h	90.270	−0.129%	$24.5M	$60.6M	20x	as long as short
Binance CLUSDT	−0.0124%	4h	90.240	−0.163%	$245.0M	$1.02B	100x	as long as short
Gate CL_USDT	−0.0107%	8h	90.190	−0.218%	$22.9M	$53.2M	100x	as long as short
Bitget CLUSDT	−0.0104%	4h	90.241	−0.162%	$40.6M	$45.4M	100x	as long as short
Variational Omni CL	−0.0102%	4h	90.380	−0.008%	$13.1M	$10.9M	—	as long as short
GRVT CL_USDT_Perp	−0.0092%	4h	90.248	−0.154%	$70K	$616K	25x	as long as short
Nado WTI-PERP	−0.0091%	1h	90.434	+0.052%	$933K	$600K	10x	as long as short
edgeX CLUSDC	−0.0071%	4h	90.283	−0.115%	$527K	$342K	30x	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	−0.0052%	4h	90.250	−0.152%	$41.2M	$109.8M	50x	as long as short
Aftermath Perps WTIUSD	−0.0038%	1h	90.751	+0.403%	$1K	$27K	5x	as long as short
QFEX CL-USD	−0.0026%	1h	90.360	−0.030%	$2.2M	$2.9M	10x	as long as short
tradeXYZ xyz:CL	−0.0024%	1h	90.269	−0.131%	$176.7M	$204.8M	20x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.925	−0.511%	$1K	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	90.381	−0.007%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	90.253	−0.148%	$25.9M	$89.9M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.625	+0.263%	$2.9M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	90.355	−0.035%	$18K	$238K	10x	as long as short
Phoenix WTIOIL	+0.0009%	1h	90.590	+0.225%	$36K	$39K	20x	as long as short
Paradex CL-USD-PERP	+0.0015%	8h	90.362	−0.028%	$15K	$367	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	90.300	−0.096%	$406K	$1.0M	15x	as long as short
Lighter WTI	+0.0024%	1h	90.322	−0.072%	$11.0M	$9.4M	20x	as long as short
Ondo Perps WTI-USD.P	+0.0030%	1h	90.340	−0.052%	$3.5M	$5.1M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	90.280	−0.118%	$1.6M	$13.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	90.550	+0.180%	$704K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	90.390	+0.003%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	90.350	−0.041%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	90.340	−0.052%	$2.0M	$79K	20x	as long as short
Pacifica CLlong	+0.0100%	1h	90.387	long leg	$335K	$573K	10x
KuCoin CLUSDTMshort	+0.0100%	4h	90.266	−0.134%	$6.9M	$2.8M	50x
ApeX Omni CLUSDT	+0.0100%	1h	90.430	+0.048%	$53K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	90.322	−0.072%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0190%	4h	90.480	+0.103%	$4.1M	$997K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+12.996%	$19K	$5K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0254% / S −0.0184%	1h	90.315	−0.080%	$84K	—	111x	as long as short