Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h −0.029%

Price spread now: Gate against StandX−0.107%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on StandX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.388%−$39 on $10k

Price spread, last 7 days−0.001%$0 · spread now −0.107%, 7d avg −0.035%

Together, before fees−0.389%+ Points / potential airdropStandX: Active · farm board−$39 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.072% cheaper against StandX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.035%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX CL-USD	93.360	0.0040	pay 0.0005% / 1h	36m 51s	$739K	$2.9M	40x
Short	Gate CL_USDT	93.260	−0.0072	pay 0.0072% / 8h	2h 36m	$21.7M	$49.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against StandX. 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 StandXbpFee GatebpOrdersPrice spread, now −0.107%Rate

Funding earned: −$23.52
Price spread: −0.107% → −0.035%: −$7.22
Slippage, 4 orders: −$14.95
Fee StandX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$68.68
Costs to cover: 0.379%
Break-even: never at this rate

Slippage from StandX: live order book, 2 min ago; Gate: live order book, 2 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 StandX live order book, 2 min ago	2.14 bp	12.4 bp −$12	13.3 bp −$133	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.54 bp	9.8 bp −$10	12.8 bp −$128	25.3 bp −$2,530	32.0 bp −$16.0K

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	−0.0500%	1h	93.290	−0.075%	$197K	$373K	15x	as long as short
GRVT CL_USDT_Perp	−0.0328%	4h	93.368	+0.009%	$58K	$640K	25x	as long as short
Aster CLUSD1	−0.0304%	4h	93.347	−0.013%	$24.4M	$65.8M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.332	−0.030%	$283K	$962K	25x	as long as short
Binance CLUSDT	−0.0190%	4h	93.329	−0.033%	$246.4M	$931.8M	100x	as long as short
Variational Omni CL	−0.0179%	4h	93.361	+0.001%	$13.3M	$10.8M	—	as long as short
Aftermath Perps WTIUSD	−0.0151%	1h	93.356	−0.004%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0132%	4h	93.322	−0.041%	$42.1M	$42.9M	100x	as long as short
Nado WTI-PERP	−0.0125%	1h	93.389	+0.031%	$966K	$619K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0114%	1h	93.340	−0.021%	$3.5M	$5.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0075%	1h	93.334	−0.028%	$184.5M	$214.3M	20x	as long as short
Gate CL_USDTshort	−0.0072%	8h	93.260	−0.107%	$21.7M	$49.5M	100x
OKX CL-USDT-SWAP	−0.0060%	4h	93.320	−0.043%	$42.6M	$102.5M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.214%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.330	−0.032%	$2.3M	$2.2M	10x	as long as short
edgeX CLUSDC	−0.0022%	4h	93.373	+0.014%	$525K	$305K	30x	as long as short
Paradex CL-USD-PERP	−0.0001%	8h	93.328	−0.035%	$16K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	93.410	+0.053%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.354	−0.006%	$27.1M	$79.9M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.399	+0.042%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.360	0.000%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.331	−0.031%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.872	−0.523%	$5K	—	150x	as long as short
Lighter WTI	+0.0008%	1h	93.308	−0.056%	$11.2M	$9.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.360	0.000%	$2.0M	$17.6M	10x	as long as short
StandX CL-USDlong	+0.0040%	1h	93.360	long leg	$739K	$2.9M	40x
Vest CL-PERP	+0.0046%	1h	93.360	0.000%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.340	−0.021%	$331K	$576K	10x	as long as short
KuCoin CLUSDTM	+0.0050%	4h	93.343	−0.018%	$7.1M	$2.4M	50x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.331	−0.031%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.311	−0.052%	$2.1M	$60K	20x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.450	+0.096%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.296	−0.069%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0179%	4h	93.330	−0.032%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.60	+9.900%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0235% / S −0.0167%	1h	93.315	−0.048%	$84K	—	111x	as long as short