Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.029%

Price spread now: Gate against Variational Omni−0.071%7-day average −0.055% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.129%−$13 on $10k

Price spread, last 7 days−0.025%−$2 · spread now −0.071%, 7d avg −0.055%

Together, before fees−0.154%+ Points / potential airdropVariational Omni: Active · farm board−$15 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CL	92.165	0	get 0.0000% / 4h	2h 47m	$13.7M	$16.1M	—
Short	Gate CL_USDT	92.100	0	get 0.0000% / 8h	2h 47m	$21.2M	$61.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Variational Omni. 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 Variational OmnibpFee GatebpOrdersPrice spread, now −0.071%Rate

Funding earned: $0
Price spread: −0.071% → −0.055%: −$1.63
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$16.63
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Gate: live order book, 1 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 1 min ago	2.28 bp	doesn't fit	2.9 bp −$29	8.7 bp −$872	doesn't fit
Sell Gate live order book, 1 min ago	0.54 bp	9.9 bp −$10	16.1 bp −$161	32.5 bp −$3,250	37.7 bp −$18.9K

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
gTrade (Gains Network) WTI/USD	L −0.0038% / S +0.0036%	1h	91.637	−0.573%	$178K	—	20x	as long as short
QFEX CL-USD	−0.0019%	1h	92.110	−0.060%	$2.4M	$2.9M	10x	as long as short
Aftermath Perps WTIUSD	−0.0008%	1h	92.018	−0.160%	$2K	$31K	5x	as long as short
Aster CLUSD1	0.0000%	4h	92.036	−0.140%	$24.6M	$74.1M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.080	−0.093%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	92.085	−0.088%	$243.5M	$1.07B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	92.127	−0.042%	$24.6M	$97.1M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.150	−0.017%	$43.0M	$112.7M	50x	as long as short
Gate CL_USDTshort	0.0000%	8h	92.100	−0.071%	$21.2M	$61.9M	100x
Bitget CLUSDT	0.0000%	4h	92.124	−0.045%	$42.5M	$66.2M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CLlong	0.0000%	4h	92.165	long leg	$13.7M	$16.1M	—
GRVT CL_USDT_Perp	0.0000%	4h	92.137	−0.031%	$58K	$795K	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	92.100	−0.071%	$96K	$314K	15x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.000	−0.180%	$33K	$99K	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.012	−0.167%	$2.0M	$29.6M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	92.595	+0.466%	$18K	$14K	30x	as long as short
edgeX CLUSDC	+0.0034%	4h	92.117	−0.052%	$530K	$344K	30x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0040%	1h	92.087	−0.085%	$260K	$1.3M	25x	as long as short
StandX CL-USD	+0.0040%	1h	92.160	−0.006%	$727K	$3.0M	40x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0040%	1h	91.920	−0.266%	$395K	$1.1M	15x	as long as short
Vest CL-PERP	+0.0046%	1h	92.030	−0.147%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.077	−0.096%	$2.0M	$43K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0074%	1h	92.140	−0.028%	$3.5M	$6.4M	20x	as long as short
Paradex CL-USD-PERP	+0.0095%	8h	92.076	−0.097%	$15K	$367	5x	as long as short
Pacifica CL	+0.0100%	1h	92.136	−0.032%	$325K	$564K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.121	−0.048%	$7.3M	$2.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.150	−0.017%	$56K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.061	−0.113%	$4K	$49	10x	as long as short
Nado WTI-PERP	+0.0150%	1h	91.978	−0.204%	$879K	$779K	10x	as long as short
Lighter WTI	+0.0208%	1h	92.065	−0.109%	$11.1M	$12.0M	20x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0212% / S −0.0127%	1h	92.065	−0.109%	$76K	—	111x	as long as short
Polymarket Perps WTIOIL-USD	+0.0236%	1h	92.037	−0.139%	$1.6M	$1.4M	20x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.040	−0.136%	$4.0M	$1.5M	50x	as long as short
RISEx CL/USDC	+0.0266%	1h	92.215	+0.053%	$3.2M	$2.7M	20x	as long as short
Bullet WTIOIL-USD	+0.0325%	1h	92.061	−0.113%	$19K	$242K	10x	as long as short
tradeXYZ xyz:CL	+0.0423%	1h	92.098	−0.073%	$183.0M	$292.1M	20x	as long as short