Settings8H · net · $10k
Funding arb · Price arb /

CL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0105%/8h= +11.5% APRnext payment +$0.13 per $10,000 · paid last 24h −0.020%
Price spread now: Kraken Futures against gTrade (Gains Network)+0.484%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 1 day (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.484% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$48 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) WTI/USD92.454L 0.0000% / S +0.0036%pay 0.0000% / 1h25m 05s$5K150x
ShortKraken Futures PF_WTIOILUSD92.9010.0105get 0.0013% / 1h25m 05s$273K$872K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against gTrade (Gains Network). 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

Funding earned
$21.97
Price spread: +0.484% → 0.000%
$48.38
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$52.35
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: gTrade (Gains Network): no order-book sample; Kraken Futures: live order book, 43 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample
Sell Kraken Futures live order book, 43 min ago3.23 bp8.8 bp −$922.0 bp −$220doesn't fitdoesn't fit
gTrade (Gains Network): 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit WTIOIL_USDC-PERPETUAL−0.0503%1h92.860+0.439%$198K$369K15xas long as short
Aster CLUSD1−0.0252%4h92.880+0.461%$23.9M$68.4M20xas long as short
GRVT CL_USDT_Perp−0.0236%4h92.878+0.459%$61K$625K25xas long as short
Binance CLUSDT−0.0208%4h92.840+0.418%$244.5M$954.2M100xas long as short
Variational Omni CL−0.0202%4h92.856+0.435%$13.6M$11.1Mas long as short
Ondo Perps WTI-USD.P−0.0168%1h92.830+0.407%$3.5M$5.6M20xas long as short
Nado WTI-PERP−0.0156%1h92.934+0.519%$962K$660K10xas long as short
Gate CL_USDT−0.0088%8h92.830+0.407%$20.9M$52.6M100xas long as short
edgeX CLUSDC−0.0079%4h92.903+0.485%$529K$301K30xas long as short
tradeXYZ xyz:CL−0.0068%1h92.877+0.458%$184.6M$218.4M20xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX CL-USDT-SWAP−0.0058%4h92.830+0.407%$42.8M$102.0M50xas long as short
Aftermath Perps WTIUSD−0.0050%1h92.887+0.468%$2K$27K5xas long as short
Coinbase International WTIOIL-PERP-INTX−0.0040%1h92.750+0.320%$402K$944K15xas long as short
QFEX CL-USD−0.0032%1h92.850+0.428%$2.5M$1.7M10xas long as short
Extended WTI-USD−0.0032%1h92.930+0.515%$2.1M$22.6M10xas long as short
Lighter WTI0.0000%1h92.891+0.473%$11.2M$10.4M20xas long as short
dYdX WTI-USD0.0000%1h92.939+0.525%$8K$3K5xas long as short
Bybit CLUSDT0.0000%8h92.844+0.422%$26.7M$81.2M150xas long as short
Bitget CLUSDT0.0000%4h92.872+0.452%$41.9M$43.3M100xas long as short
Phoenix WTIOIL0.0000%1h92.910+0.493%$37K$42K20xas long as short
Bullet WTIOIL-USD0.0000%1h92.879+0.460%$18K$241K10xas long as short
gTrade (Gains Network) WTI/USDlongL 0.0000% / S +0.0036%1h92.454long leg$5K150x
Paradex CL-USD-PERP+0.0018%8h92.867+0.447%$16K$3675xas long as short
KuCoin CLUSDTM+0.0032%4h92.873+0.453%$7.3M$2.3M50xas long as short
StandX CL-USD+0.0040%1h92.430−0.026%$727K$2.9M40xas long as short
Vest CL-PERP+0.0046%1h92.900+0.482%$310K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h92.889+0.471%$1.6M$1.3M20xas long as short
SoDEX CL-USD+0.0050%1h92.884+0.465%$2.1M$61K20xas long as short
RISEx CL/USDC+0.0066%1h92.987+0.576%$3.2M$2.8M20xas long as short
Pacifica CL+0.0100%1h92.879+0.459%$331K$619K10xas long as short
ApeX Omni CLUSDT+0.0100%1h92.980+0.569%$56K$265K50xas long as short
Aevo WTIOIL-PERP+0.0104%1h92.846+0.424%$4K10xas long as short
Kraken Futures PF_WTIOILUSDshort+0.0105%1h92.901+0.484%$273K$872K25x
BloFin CL-USDT+0.0185%4h92.880+0.461%$4.0M$1.1M50xas long as short
GMX WTIOIL/USD [ETH-USDC]L +0.0207% / S −0.0131%1h92.885+0.466%$78K111xas long as short
Injective WTI/USDC PERP+0.0220%1h101.95+10.275%$19K$11K30xas long as short