Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.051%

Price spread now: KuCoin against Aftermath Perps−0.020%45s7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 45 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	Aftermath Perps WTIUSD	92.914	−0.0018	get 0.0002% / 1h	48m 44s	$2K	$28K	5x
Short	KuCoin CLUSDTM	92.895	0.0072	get 0.0036% / 4h	1h 48m	$7.3M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Aftermath Perps. 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 Aftermath PerpsbpFee KuCoinbpOrdersPrice spread, now −0.020%Rate

Funding earned: $18.91
Price spread: −0.020% → 0.000%: −$2
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$4.09
Costs to cover: 0.210%
Break-even: 8.5 days

Slippage unknown: Aftermath Perps: no order-book sample; KuCoin: live order book, 4 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 4 min ago	1.67 bp	9.0 bp −$9	doesn't fit	doesn't fit	doesn't fit

Aftermath Perps: 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 35 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	92.840	−0.079%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0238%	4h	92.896	−0.019%	$24.0M	$70.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0208%	4h	92.953	+0.042%	$61K	$633K	25x	as long as short
Binance CLUSDT	−0.0206%	4h	92.880	−0.036%	$244.6M	$957.3M	100x	as long as short
Variational Omni CL	−0.0200%	4h	92.927	+0.014%	$13.5M	$11.1M	—	as long as short
Ondo Perps WTI-USD.P	−0.0125%	1h	92.820	−0.101%	$3.5M	$5.7M	20x	as long as short
Nado WTI-PERP	−0.0122%	1h	92.942	+0.030%	$962K	$668K	10x	as long as short
Gate CL_USDT	−0.0098%	8h	92.830	−0.090%	$20.9M	$52.2M	100x	as long as short
tradeXYZ xyz:CL	−0.0050%	1h	92.890	−0.025%	$184.8M	$218.5M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.176%	$402K	$944K	15x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0032%	1h	92.870	−0.047%	$2.5M	$1.7M	10x	as long as short
Aftermath Perps WTIUSDlong	−0.0018%	1h	92.914	long leg	$2K	$28K	5x
OKX CL-USDT-SWAP	−0.0010%	4h	92.870	−0.047%	$42.9M	$102.4M	50x	as long as short
edgeX CLUSDC	−0.0008%	4h	92.823	−0.098%	$529K	$302K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	92.917	+0.003%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.901	−0.014%	$26.9M	$81.1M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.879	−0.037%	$41.9M	$43.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.880	−0.036%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.888	−0.028%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.446	−0.503%	$5K	—	150x	as long as short
Lighter WTI	+0.0016%	1h	92.894	−0.021%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.930	+0.018%	$2.1M	$23.3M	10x	as long as short
Paradex CL-USD-PERP	+0.0034%	8h	92.865	−0.052%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.440	−0.510%	$727K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.920	+0.007%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.902	−0.012%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.875	−0.042%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	92.993	+0.086%	$3.3M	$2.7M	20x	as long as short
KuCoin CLUSDTMshort	+0.0072%	4h	92.895	−0.020%	$7.3M	$2.3M	50x
Pacifica CL	+0.0100%	1h	92.887	−0.029%	$332K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.940	+0.028%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.851	−0.067%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.879	−0.038%	$273K	$881K	25x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.875	−0.042%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.15	+9.938%	$19K	$11K	30x	as long as short