Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h −0.035%

Price spread now: Gate against Polymarket Perps−0.086%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.469%−$47 on $10k

Price spread, last 7 days+0.046%+$5 · spread now −0.086%, 7d avg −0.040%

Together, before fees−0.423%−$42 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Gate is 0.045% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.040%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps WTIOIL-USD	93.160	0.0050	pay 0.0006% / 1h	0m 24s	$1.6M	$1.3M	20x
Short	Gate CL_USDT	93.080	−0.0138	pay 0.0138% / 8h	0m 24s	$23.3M	$51.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee GatebpOrdersPrice spread, now −0.086%Rate

Funding earned: −$39.48
Price spread: −0.086% → −0.040%: −$4.54
Slippage, 4 orders: −$11.65
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$78.67
Costs to cover: 0.346%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; Gate: live order book, 3 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 Polymarket Perps live order book, 3 min ago	2.31 bp	8.5 bp −$8	9.2 bp −$92	11.9 bp −$1,186	doesn't fit
Sell Gate live order book, 3 min ago	0.54 bp	10.1 bp −$10	14.7 bp −$147	27.7 bp −$2,766	33.6 bp −$16.8K

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	−0.0394%	1h	93.120	−0.043%	$188K	$405K	15x	as long as short
Aster CLUSD1	−0.0248%	4h	93.190	+0.032%	$24.7M	$62.0M	20x	as long as short
GRVT CL_USDT_Perp	−0.0212%	4h	93.086	−0.080%	$74K	$634K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0210%	1h	93.143	−0.018%	$273K	$929K	25x	as long as short
Gate CL_USDTshort	−0.0138%	8h	93.080	−0.086%	$23.3M	$51.0M	100x
Binance CLUSDT	−0.0135%	4h	93.165	+0.005%	$246.5M	$926.8M	100x	as long as short
Variational Omni CL	−0.0122%	4h	93.132	−0.030%	$13.6M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0108%	1h	93.195	+0.038%	$954K	$614K	10x	as long as short
Bitget CLUSDT	−0.0094%	4h	93.136	−0.026%	$42.1M	$41.6M	100x	as long as short
Aftermath Perps WTIUSD	−0.0083%	1h	93.146	−0.015%	$2K	$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	−0.0064%	4h	93.150	−0.011%	$42.6M	$103.3M	50x	as long as short
QFEX CL-USD	−0.0038%	1h	93.150	−0.011%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.160	0.000%	$404K	$808K	15x	as long as short
tradeXYZ xyz:CL	−0.0015%	1h	93.160	0.000%	$184.3M	$196.9M	20x	as long as short
Lighter WTI	−0.0008%	1h	93.132	−0.030%	$11.3M	$9.3M	20x	as long as short
edgeX CLUSDC	−0.0005%	4h	93.099	−0.066%	$534K	$333K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.133	−0.029%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.169	+0.010%	$27.0M	$79.9M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.185	+0.027%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.140	−0.021%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.155	−0.006%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.730	−0.462%	$5K	—	150x	as long as short
Ondo Perps WTI-USD.P	+0.0002%	1h	93.100	−0.064%	$3.6M	$5.3M	20x	as long as short
Paradex CL-USD-PERP	+0.0012%	8h	93.111	−0.053%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.160	0.000%	$1.7M	$14.9M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.140	−0.021%	$735K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.140	−0.021%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USDlong	+0.0050%	1h	93.160	long leg	$1.6M	$1.3M	20x
SoDEX CL-USD	+0.0050%	1h	93.145	−0.016%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.142	−0.020%	$347K	$589K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.170	+0.011%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.080	−0.086%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.128	−0.034%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0175%	4h	93.130	−0.032%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.633%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0261% / S −0.0179%	1h	93.075	−0.091%	$90K	—	111x	as long as short