Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0266%/8h= −29.1% APRpaid last 24h −0.038%

Price spread now: Gate against Vest−0.108%49s7-day average +0.736% · you buy dearer than you sell

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

Long on Vest Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.172%−$17 on $10k

Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.108%, 7d avg +0.736%

Together, before fees−0.106%+ Points / potential airdropVest: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Gate is 0.844% cheaper against Vest than usual: you would sell low and buy high (−$84 if the spread goes back to its 7-day average of +0.736%). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest CL-PERP	92.950	0.0046	pay 0.0006% / 1h	50m 31s	—	$313K	10x
Short	Gate CL_USDT	92.850	−0.0220	pay 0.0220% / 8h	7h 50m	$23.3M	$48.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Vest. 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 VestbpFee GatebpOrdersPrice spread, now −0.108%Rate

Funding earned: −$55.79
Price spread: −0.108% → +0.736%: −$84.39
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$157.18
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Gate: live order book, 3 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 Vest no order-book sample	—	—	—	—	—
Sell Gate live order book, 3 min ago	0.54 bp	9.3 bp −$9	13.3 bp −$133	28.6 bp −$2,856	36.7 bp −$18.4K

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0610%	1h	92.920	−0.032%	$188K	$407K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0313%	1h	92.969	+0.021%	$271K	$930K	25x	as long as short
GRVT CL_USDT_Perp	−0.0290%	4h	92.887	−0.068%	$74K	$614K	25x	as long as short
Aster CLUSD1	−0.0245%	4h	92.950	0.000%	$24.7M	$61.6M	20x	as long as short
Gate CL_USDTshort	−0.0220%	8h	92.850	−0.108%	$23.3M	$48.8M	100x
Binance CLUSDT	−0.0139%	4h	92.940	−0.011%	$246.6M	$929.6M	100x	as long as short
Variational Omni CL	−0.0127%	4h	92.920	−0.033%	$13.5M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0116%	1h	92.978	+0.030%	$951K	$612K	10x	as long as short
Bitget CLUSDT	−0.0094%	4h	92.902	−0.052%	$42.0M	$41.7M	100x	as long as short
Aftermath Perps WTIUSD	−0.0079%	1h	93.008	+0.063%	$1K	$26K	5x	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	−0.0077%	1h	92.942	−0.009%	$184.1M	$195.7M	20x	as long as short
OKX CL-USDT-SWAP	−0.0064%	4h	92.920	−0.032%	$42.5M	$103.2M	50x	as long as short
Ondo Perps WTI-USD.P	−0.0048%	1h	92.920	−0.032%	$3.6M	$5.3M	20x	as long as short
edgeX CLUSDC	−0.0044%	4h	92.888	−0.067%	$542K	$342K	30x	as long as short
QFEX CL-USD	−0.0026%	1h	92.920	−0.032%	$2.3M	$2.5M	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.953	+0.003%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.940	−0.011%	$27.1M	$80.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.959	+0.010%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.934	−0.017%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.520	−0.463%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0006%	8h	92.901	−0.052%	$16K	$367	5x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.910	−0.043%	$37K	$39K	20x	as long as short
Lighter WTI	+0.0016%	1h	92.927	−0.025%	$11.2M	$8.6M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	93.160	+0.226%	$404K	$808K	15x	as long as short
Extended WTI-USD	+0.0032%	1h	92.950	0.000%	$1.7M	$14.9M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.940	−0.011%	$732K	$2.8M	40x	as long as short
Vest CL-PERPlong	+0.0046%	1h	92.950	long leg	—	$313K	10x
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.944	−0.006%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.949	−0.001%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.935	−0.016%	$346K	$587K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.956	+0.006%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.940	−0.011%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.917	−0.035%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S 0.0000%	1h	92.935	−0.016%	$85K	—	111x	as long as short
BloFin CL-USDT	+0.0175%	4h	92.940	−0.011%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.881%	$19K	$5K	30x	as long as short