Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.033%

Price spread now: Gate against Bybit−0.065%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$320.316% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 7 days−0.070%−$7 · spread now −0.065%, 7d avg −0.060%

Together, before fees−0.111%−$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CLUSDT	91.790	0	get 0.0000% / 8h	1h 46m	$25.2M	$98.5M	150x
Short	Gate CL_USDT	91.730	0	get 0.0000% / 8h	1h 46m	$21.2M	$58.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → −0.060%: −$0.53
Slippage, 4 orders: −$5.59
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$32.12
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 2 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 Bybit live order book, 2 min ago	0.55 bp	6.0 bp −$6	8.1 bp −$81	17.1 bp −$1,708	doesn't fit
Sell Gate live order book, 2 min ago	0.55 bp	10.6 bp −$11	17.5 bp −$175	30.2 bp −$3,019	35.6 bp −$17.8K

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
ApeX Omni CLUSDT	−0.0478%	1h	91.750	−0.044%	$55K	$266K	50x	as long as short
Lighter WTI	−0.0328%	1h	91.752	−0.041%	$11.0M	$11.2M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0294%	1h	91.780	−0.011%	$95K	$260K	15x	as long as short
Nado WTI-PERP	−0.0234%	1h	91.819	+0.031%	$907K	$758K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0218%	1h	91.720	−0.076%	$3.5M	$6.5M	20x	as long as short
tradeXYZ xyz:CL	−0.0216%	1h	91.794	+0.004%	$184.9M	$285.3M	20x	as long as short
Bullet WTIOIL-USD	−0.0186%	1h	91.772	−0.020%	$19K	$240K	10x	as long as short
Aftermath Perps WTIUSD	−0.0130%	1h	91.775	−0.017%	$2K	$30K	5x	as long as short
Paradex CL-USD-PERP	−0.0083%	8h	91.750	−0.044%	$15K	$367	5x	as long as short
Polymarket Perps WTIOIL-USD	−0.0052%	1h	91.771	−0.021%	$1.6M	$1.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended WTI-USD	−0.0024%	1h	91.845	+0.060%	$2.0M	$29.2M	10x	as long as short
Aster CLUSD1	0.0000%	4h	91.760	−0.033%	$23.9M	$78.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.787	−0.004%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.775	−0.016%	$245.1M	$1.13B	100x	as long as short
Bybit CLUSDTlong	0.0000%	8h	91.790	long leg	$25.2M	$98.5M	150x
OKX CL-USDT-SWAP	0.0000%	4h	91.780	−0.011%	$43.0M	$114.6M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.790	0.000%	$2.4M	$2.7M	10x	as long as short
Gate CL_USDTshort	0.0000%	8h	91.730	−0.065%	$21.2M	$58.8M	100x
Bitget CLUSDT	0.0000%	4h	91.779	−0.012%	$42.0M	$64.4M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.707	−0.090%	$13.4M	$15.2M	—	as long as short
GRVT CL_USDT_Perp	0.0000%	4h	91.719	−0.077%	$58K	$734K	25x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.367	−0.461%	$86K	—	10x	as long as short
edgeX CLUSDC	+0.0009%	4h	91.726	−0.070%	$527K	$342K	30x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.800	+0.011%	$33K	$99K	20x	as long as short
StandX CL-USD	+0.0040%	1h	91.720	−0.076%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	91.860	+0.076%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.775	−0.016%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	91.785	−0.005%	$332K	$572K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.790	0.000%	$7.3M	$2.0M	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.756	−0.037%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	91.720	−0.076%	$384K	$1.2M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	101.08	+10.119%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0211% / S −0.0127%	1h	91.775	−0.016%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.770	−0.022%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0451%	1h	91.790	0.000%	$256K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	91.872	+0.090%	$3.2M	$2.7M	20x	as long as short