Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.007%

Price spread now: KuCoin against RISEx−0.066%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on RISEx Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.056%−$6 on $10k

Price spread, last 7 days+0.092%+$9 · spread now −0.066%, 7d avg −0.031%

Together, before fees+0.035%+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.035% cheaper against RISEx than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of −0.031%). If the spread goes back, that is −$3 on $10k: about 28 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 4 days funding on this pair cost −0.056%, 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	RISEx CL/USDC	93.457	0	get 0.0000% / 1h	50m 07s	$3.0M	$2.9M	20x
Short	KuCoin CLUSDTM	93.395	0.0100	get 0.0050% / 4h	50m 07s	$7.1M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against RISEx. 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 RISExbpFee KuCoinbpOrdersPrice spread, now −0.066%Rate

Funding earned: $21
Price spread: −0.066% → −0.031%: −$3.49
Slippage, 4 orders: −$6.9
Fee RISEx: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$7.39
Costs to cover: 0.249%
Break-even: 9.5 days

Slippage from RISEx: live order book, 4 min ago; KuCoin: live order book, 8 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 RISEx live order book, 4 min ago	0.21 bp	3.2 bp −$3	4.9 bp −$49	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	1.44 bp	10.2 bp −$10	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	−0.0714%	1h	93.310	−0.157%	$195K	$390K	15x	as long as short
GRVT CL_USDT_Perp	−0.0292%	4h	93.580	+0.132%	$73K	$628K	25x	as long as short
Aster CLUSD1	−0.0288%	4h	93.350	−0.114%	$24.6M	$64.5M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0209%	1h	93.378	−0.085%	$275K	$942K	25x	as long as short
Binance CLUSDT	−0.0164%	4h	93.320	−0.147%	$247.1M	$920.8M	100x	as long as short
Variational Omni CL	−0.0155%	4h	93.397	−0.064%	$13.4M	$10.6M	—	as long as short
Gate CL_USDT	−0.0127%	8h	93.260	−0.211%	$22.9M	$48.6M	100x	as long as short
Aftermath Perps WTIUSD	−0.0127%	1h	93.494	+0.039%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0122%	4h	93.315	−0.152%	$42.3M	$41.6M	100x	as long as short
Nado WTI-PERP	−0.0077%	1h	93.461	+0.004%	$959K	$628K	10x	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	−0.0061%	4h	93.320	−0.147%	$42.5M	$102.4M	50x	as long as short
edgeX CLUSDC	−0.0050%	4h	93.462	+0.005%	$525K	$305K	30x	as long as short
QFEX CL-USD	−0.0038%	1h	93.420	−0.040%	$2.3M	$2.4M	10x	as long as short
Lighter WTI	−0.0024%	1h	93.319	−0.148%	$11.3M	$9.1M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0023%	1h	93.380	−0.082%	$3.6M	$5.4M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.089%	$405K	$859K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.484	+0.029%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.322	−0.144%	$26.8M	$79.5M	150x	as long as short
RISEx CL/USDClong	0.0000%	1h	93.457	long leg	$3.0M	$2.9M	20x
Phoenix WTIOIL	0.0000%	1h	93.600	+0.153%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.408	−0.052%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.904	−0.592%	$5K	—	150x	as long as short
tradeXYZ xyz:CL	+0.0002%	1h	93.329	−0.137%	$184.5M	$202.2M	20x	as long as short
Paradex CL-USD-PERP	+0.0003%	8h	93.398	−0.063%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.410	−0.050%	$1.9M	$15.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.470	+0.014%	$741K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.420	−0.040%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.406	−0.055%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.336	−0.129%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.425	−0.034%	$349K	$594K	10x	as long as short
KuCoin CLUSDTMshort	+0.0100%	4h	93.395	−0.066%	$7.1M	$2.4M	50x
ApeX Omni CLUSDT	+0.0100%	1h	93.530	+0.078%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.315	−0.152%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0182%	4h	93.430	−0.029%	$4.1M	$985K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.83	+10.031%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0252% / S −0.0187%	1h	93.375	−0.088%	$84K	—	111x	as long as short