Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.033%

Price spread now: StandX against Gate+0.065%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$370.368% of the position

Long on Gate Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.347%+$35 on $10k

Price spread, last 7 days+0.035%+$3 · spread now +0.065%, 7d avg +0.032%

Together, before fees+0.382%+ Points / potential airdropStandX: Active · farm board+$38 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and StandX is 0.033% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CL_USDT	92.170	−0.0084	get 0.0084% / 8h	7h 17m	$23.7M	$50.6M	100x
Short	StandX CL-USD	92.230	0.0040	get 0.0005% / 1h	17m 00s	$725K	$2.8M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.065%Rate

Funding earned: $26.04
Price spread: +0.065% → +0.032%: $3.31
Slippage, 4 orders: −$13.75
Fee Gate: 7.5 bp × 2 orders: −$15
Fee StandX: 4 bp × 2 orders: −$8
Net: −$7.4
Costs to cover: 0.368%
Break-even: 9.0 days

Slippage from Gate: live order book, 2 min ago; StandX: 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, 2 min ago	0.54 bp	10.7 bp −$11	15.8 bp −$158	29.4 bp −$2,943	38.0 bp −$19.0K
Sell StandX live order book, 2 min ago	4.34 bp	8.3 bp −$8	12.0 bp −$120	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	−0.0509%	1h	92.210	+0.043%	$184K	$415K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0315%	1h	92.276	+0.115%	$258K	$944K	25x	as long as short
Aster CLUSD1	−0.0215%	4h	92.240	+0.076%	$24.9M	$59.3M	20x	as long as short
Binance CLUSDT	−0.0125%	4h	92.216	+0.050%	$244.9M	$936.4M	100x	as long as short
Variational Omni CL	−0.0105%	4h	92.432	+0.284%	$13.5M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0100%	1h	92.257	+0.094%	$944K	$598K	10x	as long as short
GRVT CL_USDT_Perp	−0.0098%	4h	92.300	+0.141%	$74K	$611K	25x	as long as short
edgeX CLUSDC	−0.0090%	4h	92.379	+0.226%	$539K	$343K	30x	as long as short
Gate CL_USDTlong	−0.0084%	8h	92.170	long leg	$23.7M	$50.6M	100x
Bitget CLUSDT	−0.0078%	4h	92.213	+0.047%	$42.0M	$42.1M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSD	−0.0056%	1h	92.494	+0.352%	$1K	$27K	5x	as long as short
OKX CL-USDT-SWAP	−0.0046%	4h	92.220	+0.054%	$42.3M	$103.1M	50x	as long as short
QFEX CL-USD	−0.0026%	1h	92.190	+0.022%	$2.3M	$2.5M	10x	as long as short
tradeXYZ xyz:CL	−0.0009%	1h	92.236	+0.072%	$183.6M	$192.5M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.226	+0.061%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.229	+0.064%	$27.1M	$83.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.228	+0.063%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.244	+0.080%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.815	−0.385%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.520	+0.380%	$37K	$39K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	92.340	+0.184%	$417K	$982K	15x	as long as short
Paradex CL-USD-PERP	+0.0017%	8h	92.199	+0.031%	$15K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	92.212	+0.046%	$11.2M	$9.0M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.270	+0.108%	$1.7M	$13.9M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0035%	1h	92.170	0.000%	$3.6M	$5.2M	20x	as long as short
StandX CL-USDshort	+0.0040%	1h	92.230	+0.065%	$725K	$2.8M	40x
Vest CL-PERP	+0.0046%	1h	92.240	+0.076%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.240	+0.076%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.235	+0.071%	$2.0M	$69K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.234	+0.069%	$342K	$574K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.245	+0.081%	$7.0M	$2.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.450	+0.304%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.188	+0.020%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0165% / S −0.0007%	1h	92.225	+0.060%	$80K	—	111x	as long as short
BloFin CL-USDT	+0.0195%	4h	92.230	+0.065%	$4.1M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+10.810%	$19K	$5K	30x	as long as short