Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0214%/8h= +23.4% APRpaid last 24h +0.036%

Price spread now: RISEx against Gate+0.163%7-day average +0.113% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on Gate Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.285%+$28 on $10k

Price spread, last 7 days+0.031%+$3 · spread now +0.163%, 7d avg +0.113%

Together, before fees+0.316%+$32 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 RISEx is 0.050% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.113%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CL_USDT	92.620	−0.0214	get 0.0214% / 8h	7h 22m	$21.3M	$55.2M	100x
Short	RISEx CL/USDC	92.771	0	get 0.0000% / 1h	22m 29s	$3.3M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.163%Rate

Funding earned: $44.94
Price spread: +0.163% → +0.113%: $5.02
Slippage, 4 orders: −$4.96
Fee Gate: 7.5 bp × 2 orders: −$15
Fee RISEx: 3 bp × 2 orders: −$6
Net: $24
Costs to cover: 0.260%
Break-even: 3.3 days

Slippage from Gate: live order book, 1 min ago; RISEx: 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 Gate live order book, 1 min ago	0.54 bp	9.6 bp −$10	14.8 bp −$148	27.6 bp −$2,764	36.9 bp −$18.5K
Sell RISEx live order book, 1 min ago	0.43 bp	3.4 bp −$3	5.1 bp −$51	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	−0.0398%	1h	92.600	−0.022%	$123K	$275K	15x	as long as short
GRVT CL_USDT_Perp	−0.0346%	4h	92.524	−0.104%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0333%	4h	92.672	+0.056%	$24.0M	$78.4M	20x	as long as short
Binance CLUSDT	−0.0273%	4h	92.682	+0.067%	$245.5M	$1.06B	100x	as long as short
Variational Omni CL	−0.0265%	4h	92.480	−0.151%	$13.1M	$12.2M	—	as long as short
Gate CL_USDTlong	−0.0214%	8h	92.620	long leg	$21.3M	$55.2M	100x
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.629	+0.009%	$274K	$1.1M	25x	as long as short
Nado WTI-PERP	−0.0063%	1h	92.708	+0.095%	$934K	$731K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0047%	1h	92.590	−0.032%	$3.5M	$6.1M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.637%	$399K	$959K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.640	+0.022%	$2.4M	$2.1M	10x	as long as short
tradeXYZ xyz:CL	−0.0025%	1h	92.675	+0.059%	$186.5M	$236.3M	20x	as long as short
Paradex CL-USD-PERP	−0.0003%	8h	92.608	−0.013%	$15K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	92.657	+0.040%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.710	+0.097%	$26.5M	$92.1M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.670	+0.054%	$43.0M	$111.3M	50x	as long as short
RISEx CL/USDCshort	0.0000%	1h	92.771	+0.163%	$3.3M	$2.8M	20x
Bitget CLUSDT	0.0000%	4h	92.689	+0.074%	$42.2M	$50.7M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.600	−0.022%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.679	+0.064%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.241	−0.409%	$5K	—	150x	as long as short
Lighter WTI	+0.0016%	1h	92.619	−0.001%	$11.2M	$10.1M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.660	+0.043%	$2.3M	$26.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.370	−0.270%	$722K	$3.1M	40x	as long as short
edgeX CLUSDC	+0.0041%	4h	92.545	−0.081%	$532K	$299K	30x	as long as short
Vest CL-PERP	+0.0046%	1h	92.680	+0.065%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.690	+0.076%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.618	−0.002%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.621	+0.001%	$356K	$603K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.694	+0.080%	$7.2M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.560	−0.065%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.580	−0.044%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.615	−0.005%	$78K	—	111x	as long as short
Aftermath Perps WTIUSD	+0.0212%	1h	92.563	−0.061%	$2K	$28K	5x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.56	+9.648%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.510	−0.119%	$4.0M	$1.4M	50x	as long as short