Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.010%

Price spread now: KuCoin against Vest+0.018%7-day average +0.841% · you sell dearer than you buy

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

Long on Vest Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.048%+$5 on $10k

Price spread, last 4 days (all we have)+0.148%+$15 · spread now +0.018%, 7d avg +0.841%

Together, before fees+0.196%+ Points / potential airdropVest: Active · farm board+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.822% cheaper against Vest than usual: you would sell low and buy high (spread +0.018% now, against its 7-day average of +0.841%). If the spread goes back, that is −$82 on $10k: about 54 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest CL-PERP	93.360	0.0046	pay 0.0006% / 1h	5m 28s	—	$313K	10x
Short	KuCoin CLUSDTM	93.377	0.0096	get 0.0048% / 4h	2h 05m	$7.1M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.018%Rate

Funding earned: $10.57
Price spread: +0.018% → +0.841%: −$82.23
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$85.66
Costs to cover: 0.140%
Break-even: 63.7 days

Slippage unknown: Vest: no order-book sample; KuCoin: live order book, 2 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 KuCoin live order book, 3 min ago	1.12 bp	10.1 bp −$10	doesn't fit	doesn't fit	doesn't fit

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	−0.0285%	1h	93.340	−0.021%	$196K	$377K	15x	as long as short
Aster CLUSD1	−0.0276%	4h	93.364	+0.004%	$24.4M	$64.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0274%	4h	93.368	+0.008%	$58K	$629K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.380	+0.021%	$285K	$959K	25x	as long as short
Binance CLUSDT	−0.0170%	4h	93.336	−0.025%	$246.1M	$931.2M	100x	as long as short
Variational Omni CL	−0.0163%	4h	93.349	−0.012%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0149%	1h	93.432	+0.077%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0120%	4h	93.348	−0.013%	$42.1M	$42.7M	100x	as long as short
Nado WTI-PERP	−0.0106%	1h	93.400	+0.043%	$971K	$630K	10x	as long as short
Gate CL_USDT	−0.0083%	8h	93.290	−0.075%	$22.0M	$50.4M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps WTI-USD.P	−0.0078%	1h	93.310	−0.054%	$3.5M	$5.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0076%	1h	93.354	−0.006%	$184.7M	$212.3M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.500	+0.150%	$404K	$931K	15x	as long as short
OKX CL-USDT-SWAP	−0.0038%	4h	93.360	0.000%	$42.6M	$102.2M	50x	as long as short
QFEX CL-USD	−0.0032%	1h	93.360	0.000%	$2.3M	$2.5M	10x	as long as short
edgeX CLUSDC	−0.0001%	4h	93.375	+0.016%	$525K	$306K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.405	+0.049%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.370	+0.011%	$27.0M	$79.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.410	+0.053%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.540	+0.193%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.363	+0.003%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.916	−0.476%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0020%	8h	93.342	−0.019%	$16K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	93.351	−0.010%	$11.2M	$9.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.390	+0.032%	$2.0M	$16.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.440	+0.086%	$740K	$2.8M	40x	as long as short
Vest CL-PERPlong	+0.0046%	1h	93.360	long leg	—	$313K	10x
Pacifica CL	+0.0047%	1h	93.357	−0.003%	$332K	$577K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.347	−0.014%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.361	+0.001%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTMshort	+0.0096%	4h	93.377	+0.018%	$7.1M	$2.4M	50x
ApeX Omni CLUSDT	+0.0100%	1h	93.460	+0.107%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.338	−0.023%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0203%	4h	93.370	+0.011%	$4.0M	$988K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.64	+9.945%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0240% / S −0.0174%	1h	93.365	+0.005%	$84K	—	111x	as long as short