Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0202%/8h= +22.1% APRpaid last 24h +0.047%

Price spread now: Pacifica against Gate+0.088%7-day average +0.049% · you sell dearer than you buy

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

Long on Gate Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.307%+$31 on $10k

Price spread, last 4 days (all we have)+0.116%+$12 · spread now +0.088%, 7d avg +0.049%

Together, before fees+0.424%+ Points / potential airdropPacifica: Active · farm board+$42 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 Pacifica is 0.039% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CL_USDT	92.920	−0.0102	get 0.0102% / 8h	7h 29m	$23.5M	$49.8M	100x
Short	Pacifica CL	93.001	0.0100	get 0.0013% / 1h	29m 37s	$346K	$584K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.088%Rate

Funding earned: $42.42
Price spread: +0.088% → +0.049%: $3.92
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $23.34
Costs to cover: 0.230%
Break-even: 3.1 days

Slippage unknown: Gate: live order book, 4 min ago; Pacifica: 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 Gate live order book, 4 min ago	0.54 bp	9.6 bp −$10	13.7 bp −$137	28.0 bp −$2,804	33.6 bp −$16.8K
Sell Pacifica live order book, 4 min ago	0.05 bp	4.7 bp −$5	doesn't fit	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	−0.0503%	1h	92.910	−0.011%	$188K	$410K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0313%	1h	92.951	+0.033%	$272K	$936K	25x	as long as short
Aster CLUSD1	−0.0226%	4h	93.040	+0.129%	$25.0M	$60.2M	20x	as long as short
Binance CLUSDT	−0.0123%	4h	93.011	+0.098%	$246.2M	$928.4M	100x	as long as short
Variational Omni CL	−0.0109%	4h	92.750	−0.183%	$13.5M	$10.7M	—	as long as short
Gate CL_USDTlong	−0.0102%	8h	92.920	long leg	$23.5M	$49.8M	100x
Nado WTI-PERP	−0.0101%	1h	92.950	+0.032%	$951K	$598K	10x	as long as short
GRVT CL_USDT_Perp	−0.0094%	4h	92.734	−0.200%	$75K	$624K	25x	as long as short
Bitget CLUSDT	−0.0074%	4h	92.998	+0.084%	$42.2M	$41.6M	100x	as long as short
Aftermath Perps WTIUSD	−0.0071%	1h	92.819	−0.108%	$1K	$27K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0068%	4h	92.769	−0.163%	$541K	$343K	30x	as long as short
OKX CL-USDT-SWAP	−0.0047%	4h	92.980	+0.065%	$42.5M	$102.6M	50x	as long as short
QFEX CL-USD	−0.0026%	1h	92.910	−0.011%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CL	−0.0013%	1h	92.993	+0.079%	$184.6M	$192.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.988	+0.073%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.017	+0.104%	$27.5M	$81.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.017	+0.105%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.923	+0.004%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.494	−0.458%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.790	−0.140%	$37K	$39K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	92.610	−0.334%	$412K	$814K	15x	as long as short
Paradex CL-USD-PERP	+0.0016%	8h	92.949	+0.031%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.974	+0.058%	$11.3M	$8.8M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.000	+0.086%	$1.7M	$14.2M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0038%	1h	92.940	+0.022%	$3.6M	$5.2M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.700	−0.237%	$730K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.890	−0.032%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.944	+0.026%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.865	−0.059%	$2.1M	$69K	20x	as long as short
Pacifica CLshort	+0.0100%	1h	93.001	+0.088%	$346K	$584K	10x
KuCoin CLUSDTM	+0.0100%	4h	92.907	−0.014%	$7.1M	$2.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.750	−0.183%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.906	−0.015%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S −0.0007%	1h	92.935	+0.016%	$80K	—	111x	as long as short
BloFin CL-USDT	+0.0190%	4h	92.700	−0.237%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.916%	$19K	$5K	30x	as long as short