Settings8H · net · $10k
Funding arb · Price arb /

CL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0086%/8h= −9.4% APRnext payment $0.11 per $10,000 · paid last 24h −0.025%
Price spread now: gTrade (Gains Network) against Polymarket Perps−0.449%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 2 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.449% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$45 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps WTIOIL-USD89.5490.0050pay 0.0006% / 1h57m 17s$1.6M$1.4M20x
ShortgTrade (Gains Network) WTI/USD89.147L −0.0001% / S +0.0036%pay 0.0004% / 1h57m 17s$606150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Polymarket Perps. 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

Funding earned
−$18
Price spread: −0.449% → 0.000%
−$44.89
Slippage, 4 orders
no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee gTrade (Gains Network): 4 bp × 2 orders
−$8
Net
−$78.89
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Polymarket Perps: live order book, 4 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 4 min ago2.33 bp7.7 bp −$810.7 bp −$10713.6 bp −$1,358doesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CL on 36 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_WTIOILUSD−0.0342%1h89.501−0.054%$318K$1.8M25xas long as short
Ondo Perps WTI-USD.P−0.0172%1h89.480−0.077%$3.4M$6.1M20xas long as short
tradeXYZ xyz:CL−0.0151%1h89.460−0.099%$169.9M$244.1M20xas long as short
Aster CLUSD1−0.0149%4h89.520−0.032%$24.4M$70.7M20xas long as short
Bitget CLUSDT−0.0118%4h89.495−0.060%$40.6M$55.4M100xas long as short
Binance CLUSDT−0.0103%4h89.470−0.088%$238.9M$1.19B100xas long as short
GRVT CL_USDT_Perp−0.0098%4h89.642+0.104%$73K$632K25xas long as short
Extended WTI-USD−0.0088%1h89.520−0.032%$1.3M$14.7M10xas long as short
Variational Omni CL−0.0081%4h90.154+0.675%$12.7M$11.3Mas long as short
edgeX CLUSDC−0.0081%4h90.230+0.760%$504K$380K30xas long as short
Show all 36 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate CL_USDT−0.0070%8h89.430−0.133%$23.0M$52.9M100xas long as short
Lighter WTI−0.0064%1h89.477−0.080%$10.7M$10.0M20xas long as short
Nado WTI-PERP−0.0055%1h89.562+0.015%$869K$682K10xas long as short
Aftermath Perps WTIUSD−0.0048%1h89.928+0.424%$1K$27K5xas long as short
Coinbase International WTIOIL-PERP-INTX−0.0040%1h89.640+0.102%$409K$1.5M15xas long as short
OKX CL-USDT-SWAP−0.0039%4h89.480−0.077%$39.8M$129.2M50xas long as short
QFEX CL-USD−0.0025%1h89.580+0.035%$2.2M$2.8M10xas long as short
gTrade (Gains Network) WTI/USDshortL −0.0001% / S +0.0036%1h89.147−0.449%$606150x
dYdX WTI-USD0.0000%1h89.600+0.057%$8K$3K5xas long as short
Bybit CLUSDT0.0000%8h89.480−0.077%$27.0M$107.9M150xas long as short
RISEx CL/USDC0.0000%1h89.582+0.036%$2.8M$3.1M20xas long as short
Bullet WTIOIL-USD0.0000%1h89.508−0.046%$17K$238K10xas long as short
Deribit WTIOIL_USDC-PERPETUAL0.0000%1h89.500−0.055%$110K$552K15xas long as short
Paradex CL-USD-PERP+0.0009%8h89.460−0.099%$15K$3675xas long as short
StandX CL-USD+0.0040%1h89.600+0.057%$692K$2.8M40xas long as short
Vest CL-PERP+0.0046%1h89.550+0.001%$313K10xas long as short
Polymarket Perps WTIOIL-USDlong+0.0050%1h89.549long leg$1.6M$1.4M20x
SoDEX CL-USD+0.0050%1h89.474−0.084%$2.0M$82K20xas long as short
Phoenix WTIOIL+0.0053%1h90.370+0.917%$33K$37K20xas long as short
Pacifica CL+0.0100%1h89.535−0.016%$300K$729K10xas long as short
KuCoin CLUSDTM+0.0100%4h89.492−0.064%$6.9M$3.0M50xas long as short
ApeX Omni CLUSDT+0.0100%1h89.600+0.057%$52K$266K50xas long as short
Aevo WTIOIL-PERP+0.0104%1h89.472−0.086%$4K10xas long as short
GMX WTIOIL/USD [ETH-USDC]L +0.0166% / S +0.0013%1h89.505−0.049%$73K111xas long as short
BloFin CL-USDT+0.0199%4h89.510−0.044%$3.9M$1.1M50xas long as short
Injective WTI/USDC PERP+0.0220%1h90.137+0.657%$16K$5K30xas long as short