Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0102%/8h= +11.2% APRpaid last 24h +0.035%

Price spread now: SoDEX against Gate+0.048%7-day average +0.055% · 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−$59as in the Price arb table

costs, in and out, $10k−$580.584% of the position

Long on Gate Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.201%+$20 on $10k

Price spread, last 4 days (all we have)−0.143%−$14 · spread now +0.048%, 7d avg +0.055%

Together, before fees+0.057%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.055%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CL_USDT	93.160	−0.0052	get 0.0052% / 8h	3h 42m	$21.0M	$51.0M	100x
Short	SoDEX CL-USD	93.205	0.0050	get 0.0006% / 1h	42m 25s	$2.1M	$60K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.048%Rate

Funding earned: $21.42
Price spread: +0.048% → +0.055%: −$0.64
Slippage, 4 orders: −$35.45
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$37.67
Costs to cover: 0.584%
Break-even: 19.3 days

Slippage from Gate: live order book, 1 min ago; SoDEX: live order book, 2 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	10.2 bp −$10	14.7 bp −$147	26.0 bp −$2,604	32.4 bp −$16.2K
Sell SoDEX live order book, 2 min ago	0.54 bp	18.8 bp −$19	97.3 bp −$973	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	−0.0501%	1h	93.180	+0.021%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0262%	4h	93.240	+0.086%	$24.1M	$67.0M	20x	as long as short
GRVT CL_USDT_Perp	−0.0226%	4h	93.196	+0.038%	$54K	$645K	25x	as long as short
Binance CLUSDT	−0.0173%	4h	93.202	+0.045%	$245.3M	$940.8M	100x	as long as short
Variational Omni CL	−0.0160%	4h	93.169	+0.009%	$13.4M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0129%	1h	93.255	+0.101%	$964K	$640K	10x	as long as short
Bitget CLUSDT	−0.0124%	4h	93.214	+0.058%	$42.0M	$43.3M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0117%	1h	93.170	+0.011%	$3.5M	$5.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0111%	1h	93.199	+0.042%	$2K	$27K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.209	+0.052%	$277K	$960K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDTlong	−0.0052%	8h	93.160	long leg	$21.0M	$51.0M	100x
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.190	+0.032%	$401K	$927K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.180	+0.021%	$2.3M	$1.8M	10x	as long as short
OKX CL-USDT-SWAP	−0.0031%	4h	93.220	+0.064%	$42.6M	$102.9M	50x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.230	+0.075%	$37K	$41K	20x	as long as short
KuCoin CLUSDTM	−0.0008%	4h	93.235	+0.081%	$7.1M	$2.4M	50x	as long as short
edgeX CLUSDC	−0.0005%	4h	93.232	+0.078%	$524K	$308K	30x	as long as short
tradeXYZ xyz:CL	−0.0004%	1h	93.235	+0.081%	$184.6M	$219.0M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.272	+0.121%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.233	+0.078%	$26.9M	$80.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.268	+0.116%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.228	+0.073%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.754	−0.436%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0016%	8h	93.175	+0.016%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.183	+0.025%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.220	+0.064%	$2.0M	$19.4M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.180	+0.021%	$737K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.230	+0.075%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.216	+0.060%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USDshort	+0.0050%	1h	93.205	+0.048%	$2.1M	$60K	20x
Pacifica CL	+0.0100%	1h	93.192	+0.034%	$331K	$597K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.240	+0.086%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.167	+0.007%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0207%	4h	93.220	+0.064%	$4.0M	$1.0M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0220% / S −0.0147%	1h	93.185	+0.027%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.17	+9.667%	$19K	$11K	30x	as long as short