Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.015%

Price spread now: KuCoin against Polymarket Perps+0.015%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$350.354% of the position

Long on Polymarket Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$10 on $10k

Price spread, last 7 days+0.027%+$3 · spread now +0.015%, 7d avg +0.044%

Together, before fees−0.068%−$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.029% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.015% now, against its 7-day average of +0.044%). If the spread goes back, that is −$3 on $10k: about 25 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.095%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps WTIOIL-USD	92.023	0.0010	pay 0.0001% / 1h	7m 29s	$1.6M	$1.4M	20x
Short	KuCoin CLUSDTM	92.037	0.0100	get 0.0050% / 4h	1h 07m	$7.2M	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.015%Rate

Funding earned: $18.95
Price spread: +0.015% → +0.044%: −$2.86
Slippage, 4 orders: −$15.37
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$19.28
Costs to cover: 0.354%
Break-even: 14.1 days

Slippage from Polymarket Perps: live order book, 1 min ago; KuCoin: live order book, 5 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, 1 min ago	3.04 bp	7.4 bp −$7	7.9 bp −$79	11.0 bp −$1,102	doesn't fit
Sell KuCoin live order book, 5 min ago	1.85 bp	10.7 bp −$11	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
Lighter WTI	−0.0272%	1h	92.008	−0.016%	$11.1M	$11.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0214%	4h	91.989	−0.037%	$58K	$715K	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0185%	1h	92.020	−0.003%	$95K	$189K	15x	as long as short
Nado WTI-PERP	−0.0161%	1h	92.084	+0.066%	$923K	$747K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0155%	1h	91.980	−0.047%	$3.5M	$6.4M	20x	as long as short
Aster CLUSD1	−0.0149%	4h	92.040	+0.018%	$24.0M	$77.9M	20x	as long as short
tradeXYZ xyz:CL	−0.0133%	1h	92.036	+0.014%	$185.5M	$278.2M	20x	as long as short
Bullet WTIOIL-USD	−0.0102%	1h	92.020	−0.003%	$18K	$241K	10x	as long as short
Paradex CL-USD-PERP	−0.0099%	8h	91.997	−0.028%	$15K	$367	5x	as long as short
Aftermath Perps WTIUSD	−0.0096%	1h	92.041	+0.019%	$2K	$29K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CLUSDT	−0.0051%	4h	92.020	−0.003%	$245.0M	$1.11B	100x	as long as short
Variational Omni CL	−0.0018%	4h	92.003	−0.022%	$13.4M	$13.3M	—	as long as short
Gate CL_USDT	−0.0009%	8h	91.960	−0.068%	$21.3M	$59.6M	100x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.092%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.046	+0.025%	$25.5M	$95.7M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.020	−0.003%	$43.2M	$113.3M	50x	as long as short
QFEX CL-USD	0.0000%	1h	92.010	−0.014%	$2.4M	$2.6M	10x	as long as short
Bitget CLUSDT	0.0000%	4h	91.999	−0.026%	$42.1M	$52.2M	100x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.600	−0.460%	$4K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.060	+0.040%	$37K	$99K	20x	as long as short
Polymarket Perps WTIOIL-USDlong	+0.0010%	1h	92.023	long leg	$1.6M	$1.4M	20x
Extended WTI-USD	+0.0032%	1h	92.075	+0.057%	$2.0M	$28.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.010	−0.014%	$723K	$3.1M	40x	as long as short
edgeX CLUSDC	+0.0044%	4h	92.041	+0.019%	$529K	$334K	30x	as long as short
Vest CL-PERP	+0.0046%	1h	92.090	+0.073%	—	$308K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.005	−0.020%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.029	+0.007%	$332K	$578K	10x	as long as short
KuCoin CLUSDTMshort	+0.0100%	4h	92.037	+0.015%	$7.2M	$2.0M	50x
ApeX Omni CLUSDT	+0.0100%	1h	91.990	−0.036%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.984	−0.042%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	92.020	−0.003%	$398K	$1.1M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	101.16	+9.928%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	91.995	−0.030%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.990	−0.036%	$4.0M	$1.4M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0450%	1h	92.027	+0.004%	$275K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	92.141	+0.128%	$3.3M	$2.7M	20x	as long as short