Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0154%/8h= −16.9% APRpaid last 24h −0.028%

Price spread now: Gate against Extended−0.139%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$260.257% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.428%−$43 on $10k

Price spread, last 7 days+0.098%+$10 · spread now −0.139%, 7d avg −0.037%

Together, before fees−0.330%+ Points / potential airdropExtended: Active · farm board−$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Gate is 0.102% cheaper against Extended than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.037%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WTI-USD	93.470	0.0032	pay 0.0004% / 1h	12m 48s	$2.0M	$15.1M	10x
Short	Gate CL_USDT	93.340	−0.0122	pay 0.0122% / 8h	1h 12m	$22.5M	$50.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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 ExtendedbpFee GatebpOrdersPrice spread, now −0.139%Rate

Funding earned: −$32.34
Price spread: −0.139% → −0.037%: −$10.18
Slippage, 4 orders: −$5.73
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$68.26
Costs to cover: 0.257%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; Gate: live order book, 1 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 Extended live order book, 1 min ago	0.21 bp	3.3 bp −$3	4.5 bp −$45	19.4 bp −$1,944	doesn't fit
Sell Gate live order book, 1 min ago	0.54 bp	9.1 bp −$9	12.5 bp −$125	26.2 bp −$2,621	36.0 bp −$18.0K

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	−0.0606%	1h	93.380	−0.096%	$196K	$386K	15x	as long as short
Aster CLUSD1	−0.0289%	4h	93.456	−0.015%	$24.5M	$65.7M	20x	as long as short
GRVT CL_USDT_Perp	−0.0282%	4h	93.471	+0.002%	$57K	$618K	25x	as long as short
Binance CLUSDT	−0.0156%	4h	93.423	−0.050%	$247.3M	$918.6M	100x	as long as short
Variational Omni CL	−0.0143%	4h	93.519	+0.052%	$13.3M	$10.7M	—	as long as short
Aftermath Perps WTIUSD	−0.0138%	1h	93.546	+0.081%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.434	−0.038%	$276K	$967K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0136%	1h	93.370	−0.107%	$3.5M	$5.3M	20x	as long as short
Gate CL_USDTshort	−0.0122%	8h	93.340	−0.139%	$22.5M	$50.3M	100x
Bitget CLUSDT	−0.0120%	4h	93.420	−0.053%	$42.3M	$42.2M	100x	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	−0.0082%	1h	93.415	−0.059%	$184.7M	$205.3M	20x	as long as short
Nado WTI-PERP	−0.0058%	1h	93.500	+0.032%	$962K	$635K	10x	as long as short
OKX CL-USDT-SWAP	−0.0043%	4h	93.410	−0.064%	$42.7M	$101.9M	50x	as long as short
QFEX CL-USD	−0.0023%	1h	93.440	−0.032%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.540	+0.075%	$405K	$917K	15x	as long as short
edgeX CLUSDC	−0.0005%	4h	93.520	+0.053%	$526K	$307K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.486	+0.017%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.424	−0.049%	$26.7M	$79.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.478	+0.008%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.450	−0.021%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.404	−0.071%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.975	−0.530%	$5K	—	150x	as long as short
Lighter WTI	+0.0008%	1h	93.424	−0.049%	$11.3M	$9.7M	20x	as long as short
Paradex CL-USD-PERP	+0.0012%	8h	93.411	−0.063%	$16K	$367	5x	as long as short
Extended WTI-USDlong	+0.0032%	1h	93.470	long leg	$2.0M	$15.1M	10x
StandX CL-USD	+0.0040%	1h	93.550	+0.086%	$741K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.430	−0.043%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.412	−0.062%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.410	−0.064%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.411	−0.063%	$332K	$573K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.461	−0.010%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.480	+0.011%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.395	−0.080%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0200%	4h	93.490	+0.021%	$4.1M	$969K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.82	+10.002%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0248% / S −0.0183%	1h	93.405	−0.070%	$84K	—	111x	as long as short