Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.021%

Price spread now: Extended against KuCoin+0.016%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$260.257% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 7 days−0.070%−$7 · spread now +0.016%, 7d avg −0.047%

Together, before fees−0.080%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.063% dearer against KuCoin than usual: you sell high and buy low (spread +0.016% now, against its 7-day average of −0.047%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.1 days. At the pace of the last 7 days (−0.011% in total) that is about 41 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CLUSDTM	92.275	0.0100	pay 0.0050% / 4h	3h 45m	$7.2M	$2.3M	50x
Short	Extended WTI-USD	92.290	0.0032	get 0.0004% / 1h	45m 58s	$2.1M	$27.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$14.28
Price spread: +0.016% → −0.047%: $6.3
Slippage, 4 orders: −$8.74
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$33.72
Costs to cover: 0.257%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Extended: live order book, 3 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 KuCoin live order book, 2 min ago	0.87 bp	8.7 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	0.05 bp	3.7 bp −$4	7.2 bp −$72	24.4 bp −$2,442	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
GRVT CL_USDT_Perp	−0.0532%	4h	92.209	−0.072%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0325%	4h	92.270	−0.005%	$23.9M	$80.3M	20x	as long as short
Gate CL_USDT	−0.0266%	8h	92.190	−0.092%	$21.3M	$54.5M	100x	as long as short
Binance CLUSDT	−0.0256%	4h	92.250	−0.027%	$244.8M	$1.08B	100x	as long as short
Variational Omni CL	−0.0246%	4h	92.241	−0.037%	$13.2M	$12.2M	—	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.291	+0.017%	$273K	$1.1M	25x	as long as short
Nado WTI-PERP	−0.0106%	1h	92.296	+0.023%	$925K	$733K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0090%	1h	92.200	−0.081%	$3.5M	$6.2M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0075%	1h	92.260	−0.016%	$96K	$189K	15x	as long as short
Bybit CLUSDT	−0.0054%	8h	92.250	−0.027%	$26.1M	$93.6M	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0043%	1h	92.266	−0.010%	$186.3M	$261.7M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.266%	$399K	$960K	15x	as long as short
QFEX CL-USD	−0.0040%	1h	92.240	−0.038%	$2.4M	$2.2M	10x	as long as short
Paradex CL-USD-PERP	−0.0031%	8h	92.239	−0.039%	$15K	$367	5x	as long as short
Lighter WTI	−0.0024%	1h	92.256	−0.021%	$11.2M	$10.0M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.235	−0.043%	$8K	$3K	5x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.230	−0.049%	$42.9M	$111.2M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.360	+0.092%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.239	−0.039%	$42.0M	$51.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.210	−0.070%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.258	−0.019%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.814	−0.500%	$5K	—	150x	as long as short
edgeX CLUSDC	+0.0020%	4h	92.197	−0.085%	$530K	$307K	30x	as long as short
Extended WTI-USDshort	+0.0032%	1h	92.290	+0.016%	$2.1M	$27.0M	10x
StandX CL-USD	+0.0040%	1h	92.160	−0.125%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.280	+0.005%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.264	−0.012%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.249	−0.028%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.262	−0.014%	$353K	$596K	10x	as long as short
KuCoin CLUSDTMlong	+0.0100%	4h	92.275	long leg	$7.2M	$2.3M	50x
ApeX Omni CLUSDT	+0.0100%	1h	92.180	−0.103%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.221	−0.058%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.255	−0.022%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.38	+9.869%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.240	−0.038%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0397%	1h	92.223	−0.056%	$2K	$29K	5x	as long as short