Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0085%/8h= +9.3% APRpaid last 24h +0.042%

Price spread now: KuCoin against tradeXYZ−0.001%7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$370.372% of the position

Long on tradeXYZ Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.155%+$16 on $10k

Price spread, last 7 days+0.083%+$8 · spread now −0.001%, 7d avg +0.031%

Together, before fees+0.238%+ Points / potential airdroptradeXYZ: Active · farm board+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.032% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.001% now, against its 7-day average of +0.031%). If the spread goes back, that is −$3 on $10k: about 30 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CL	92.906	−0.0113	get 0.0014% / 1h	9m 57s	$187.8M	$217.7M	20x
Short	KuCoin CLUSDTM	92.905	−0.0028	pay 0.0014% / 4h	9m 57s	$7.1M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against tradeXYZ. 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 tradeXYZbpFee KuCoinbpOrdersPrice spread, now −0.001%Rate

Funding earned: $17.83
Price spread: −0.001% → +0.031%: −$3.17
Slippage, 4 orders: −$7.19
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$22.52
Costs to cover: 0.372%
Break-even: 15.8 days

Slippage from tradeXYZ: live order book, 9 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 tradeXYZ live order book, 9 min ago	0.22 bp	9.5 bp −$10	10.1 bp −$101	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	1.99 bp	9.0 bp −$9	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	−0.0718%	1h	92.860	−0.050%	$198K	$370K	15x	as long as short
Aster CLUSD1	−0.0270%	4h	92.930	+0.026%	$24.0M	$66.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0242%	4h	93.000	+0.102%	$64K	$648K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0196%	1h	92.911	+0.005%	$273K	$874K	25x	as long as short
Binance CLUSDT	−0.0188%	4h	92.911	+0.005%	$244.6M	$945.4M	100x	as long as short
Variational Omni CL	−0.0179%	4h	92.888	−0.020%	$13.5M	$10.8M	—	as long as short
Bitget CLUSDT	−0.0126%	4h	92.901	−0.005%	$42.0M	$43.7M	100x	as long as short
tradeXYZ xyz:CLlong	−0.0113%	1h	92.906	long leg	$187.8M	$217.7M	20x
Aftermath Perps WTIUSD	−0.0103%	1h	92.965	+0.063%	$2K	$26K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0090%	1h	92.850	−0.060%	$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
edgeX CLUSDC	−0.0076%	4h	93.007	+0.109%	$530K	$301K	30x	as long as short
OKX CL-USDT-SWAP	−0.0055%	4h	92.900	−0.006%	$42.4M	$102.7M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.168%	$402K	$944K	15x	as long as short
Gate CL_USDT	−0.0047%	8h	92.850	−0.060%	$20.8M	$52.2M	100x	as long as short
QFEX CL-USD	−0.0043%	1h	92.900	−0.006%	$2.3M	$1.8M	10x	as long as short
Nado WTI-PERP	−0.0029%	1h	92.953	+0.051%	$963K	$648K	10x	as long as short
KuCoin CLUSDTMshort	−0.0028%	4h	92.905	−0.001%	$7.1M	$2.4M	50x
Lighter WTI	0.0000%	1h	92.906	0.000%	$11.2M	$10.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.937	+0.033%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.903	−0.003%	$26.7M	$80.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.960	+0.058%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.950	+0.047%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.909	+0.003%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.472	−0.467%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0008%	8h	92.875	−0.033%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	92.955	+0.053%	$2.0M	$20.3M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.900	−0.006%	$734K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.920	+0.015%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.901	−0.005%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.901	−0.005%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	92.898	−0.009%	$330K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.030	+0.133%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.873	−0.036%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0186%	4h	92.930	+0.026%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0216% / S −0.0144%	1h	92.905	−0.001%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.25	+10.059%	$19K	$11K	30x	as long as short