Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.030%

Price spread now: dYdX against KuCoin+0.059%47s7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.059% dearer against KuCoin than usual: you sell high and buy low (spread +0.059% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.1 days. The two prices were read 47 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	KuCoin CLUSDTM	92.885	0.0032	pay 0.0016% / 4h	1h 25m	$7.3M	$2.3M	50x
Short	dYdX WTI-USD	92.939	0	get 0.0000% / 1h	25m 45s	$8K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against KuCoin. 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 KuCoinbpFee dYdXbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$6.72
Price spread: +0.059% → 0.000%: $5.86
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$22.86
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 2 min ago; dYdX: no order-book sample. 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 KuCoin live order book, 2 min ago	1.40 bp	9.2 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	92.850	−0.038%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0250%	4h	92.900	+0.016%	$23.9M	$68.4M	20x	as long as short
GRVT CL_USDT_Perp	−0.0234%	4h	92.823	−0.067%	$61K	$625K	25x	as long as short
Binance CLUSDT	−0.0208%	4h	92.890	+0.005%	$245.0M	$954.5M	100x	as long as short
Variational Omni CL	−0.0202%	4h	92.856	−0.031%	$13.6M	$11.1M	—	as long as short
Ondo Perps WTI-USD.P	−0.0169%	1h	92.830	−0.059%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0157%	1h	92.945	+0.064%	$962K	$662K	10x	as long as short
edgeX CLUSDC	−0.0091%	4h	92.834	−0.055%	$529K	$301K	30x	as long as short
Gate CL_USDT	−0.0089%	8h	92.840	−0.048%	$20.9M	$52.6M	100x	as long as short
tradeXYZ xyz:CL	−0.0067%	1h	92.878	−0.008%	$184.6M	$218.3M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0057%	4h	92.870	−0.016%	$42.8M	$102.1M	50x	as long as short
Aftermath Perps WTIUSD	−0.0050%	1h	92.880	−0.005%	$2K	$27K	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.145%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.850	−0.038%	$2.5M	$1.7M	10x	as long as short
Extended WTI-USD	−0.0024%	1h	92.960	+0.081%	$2.1M	$22.6M	10x	as long as short
Lighter WTI	0.0000%	1h	92.878	−0.008%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USDshort	0.0000%	1h	92.939	+0.059%	$8K	$3K	5x
Bybit CLUSDT	0.0000%	8h	92.910	+0.027%	$26.7M	$81.3M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.867	−0.019%	$41.9M	$43.3M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.890	+0.005%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.872	−0.014%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.437	−0.482%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0017%	8h	92.884	−0.001%	$16K	$367	5x	as long as short
KuCoin CLUSDTMlong	+0.0032%	4h	92.885	long leg	$7.3M	$2.3M	50x
StandX CL-USD	+0.0040%	1h	92.490	−0.425%	$727K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.900	+0.016%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.879	−0.006%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.878	−0.008%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	92.987	+0.110%	$3.3M	$2.7M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.889	+0.004%	$331K	$619K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.860	−0.027%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.845	−0.043%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.889	+0.005%	$273K	$872K	25x	as long as short
BloFin CL-USDT	+0.0188%	4h	92.920	+0.038%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.875	−0.011%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.95	+9.764%	$19K	$11K	30x	as long as short