Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0195%/8h= +21.4% APRpaid last 24h +0.050%

Price spread now: ApeX Omni against Gate+0.128%96s7-day average +0.069% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$600.602% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.535%+$54 on $10k

Price spread, last 4 days (all we have)−0.104%−$10 · spread now +0.128%, 7d avg +0.069%

Together, before fees+0.431%+$43 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and ApeX Omni is 0.059% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.069%. The two prices were read 96 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	Gate CL_USDT	93.570	−0.0095	get 0.0095% / 8h	1h 43m	$22.3M	$48.6M	100x
Short	ApeX Omni CLUSDT	93.690	0.0100	get 0.0013% / 1h	43m 53s	$54K	$266K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now +0.128%Rate

Funding earned: $40.95
Price spread: +0.128% → +0.069%: $5.88
Slippage, 4 orders: −$35.19
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$13.36
Costs to cover: 0.602%
Break-even: 9.3 days

Slippage from Gate: live order book, 5 min ago; ApeX Omni: live order book, 63 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 Gate live order book, 5 min ago	1.07 bp	10.3 bp −$10	15.3 bp −$153	25.7 bp −$2,566	31.7 bp −$15.8K
Sell ApeX Omni live order book, 63 min ago	8.57 bp	20.6 bp −$21	210.2 bp −$2,102	doesn't fit	doesn't fit

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	−0.0497%	1h	93.620	+0.053%	$197K	$381K	15x	as long as short
Aster CLUSD1	−0.0260%	4h	93.688	+0.126%	$24.5M	$65.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0244%	4h	93.633	+0.067%	$58K	$629K	25x	as long as short
Binance CLUSDT	−0.0146%	4h	93.653	+0.089%	$246.4M	$925.8M	100x	as long as short
Aftermath Perps WTIUSD	−0.0138%	1h	93.649	+0.084%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.672	+0.110%	$286K	$958K	25x	as long as short
Variational Omni CL	−0.0135%	4h	93.599	+0.031%	$13.5M	$10.7M	—	as long as short
Bitget CLUSDT	−0.0102%	4h	93.640	+0.075%	$42.2M	$42.4M	100x	as long as short
Gate CL_USDTlong	−0.0095%	8h	93.570	long leg	$22.3M	$48.6M	100x
edgeX CLUSDC	−0.0076%	4h	93.641	+0.076%	$526K	$306K	30x	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	−0.0068%	1h	93.630	+0.064%	$3.5M	$5.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0053%	1h	93.644	+0.079%	$185.0M	$210.9M	20x	as long as short
Nado WTI-PERP	−0.0030%	1h	93.726	+0.167%	$966K	$627K	10x	as long as short
QFEX CL-USD	−0.0023%	1h	93.650	+0.085%	$2.3M	$2.5M	10x	as long as short
OKX CL-USDT-SWAP	−0.0014%	4h	93.660	+0.096%	$42.7M	$102.0M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.075%	$404K	$931K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.651	+0.086%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.668	+0.105%	$27.3M	$79.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.710	+0.149%	$3.1M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.640	+0.075%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.668	+0.105%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.207	−0.388%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0030%	8h	93.672	+0.109%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.646	+0.081%	$11.3M	$9.6M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.690	+0.128%	$2.0M	$16.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.660	+0.096%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.670	+0.107%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.651	+0.087%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.648	+0.083%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.691	+0.129%	$333K	$576K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.664	+0.100%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDTshort	+0.0100%	1h	93.690	+0.128%	$54K	$266K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	93.628	+0.062%	$4K	—	10x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.74	+9.804%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0223%	4h	93.690	+0.128%	$4.0M	$981K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0245% / S −0.0179%	1h	93.655	+0.091%	$84K	—	111x	as long as short