Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0114%/8h= −12.5% APRpaid last 24h −0.040%

Price spread now: gTrade (Gains Network) against KuCoin−0.502%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.502% cheaper against KuCoin than usual: you would sell low and buy high (−$50 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CLUSDTM	92.737	0.0078	pay 0.0039% / 4h	2h 59m	$7.2M	$2.3M	50x
Short	gTrade (Gains Network) WTI/USD	92.271	L 0.0000% / S +0.0036%	pay 0.0004% / 1h	59m 40s	$5K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.502%Rate

Funding earned: −$23.88
Price spread: −0.502% → 0.000%: −$50.25
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Net: −$94.13
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 3 min ago; gTrade (Gains Network): 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, 3 min ago	1.19 bp	8.5 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
GRVT CL_USDT_Perp	−0.0346%	4h	92.649	−0.095%	$58K	$630K	25x	as long as short
Aster CLUSD1	−0.0338%	4h	92.727	−0.011%	$23.9M	$75.0M	20x	as long as short
Binance CLUSDT	−0.0283%	4h	92.740	+0.003%	$244.7M	$1.02B	100x	as long as short
Variational Omni CL	−0.0273%	4h	92.659	−0.084%	$13.3M	$11.4M	—	as long as short
Gate CL_USDT	−0.0190%	8h	92.670	−0.072%	$21.2M	$52.0M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0119%	1h	92.735	−0.002%	$275K	$912K	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0073%	1h	92.720	−0.018%	$123K	$274K	15x	as long as short
Nado WTI-PERP	−0.0050%	1h	92.782	+0.049%	$935K	$701K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.762%	$399K	$956K	15x	as long as short
QFEX CL-USD	−0.0040%	1h	92.710	−0.029%	$2.5M	$1.7M	10x	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	−0.0025%	1h	92.701	−0.039%	$186.4M	$234.3M	20x	as long as short
OKX CL-USDT-SWAP	−0.0005%	4h	92.750	+0.014%	$42.8M	$108.3M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.742	+0.005%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.760	+0.025%	$26.4M	$87.6M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.740	+0.003%	$42.2M	$47.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.740	+0.003%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.714	−0.025%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USDshort	L 0.0000% / S +0.0036%	1h	92.271	−0.502%	$5K	—	150x
Paradex CL-USD-PERP	+0.0013%	8h	92.685	−0.056%	$15K	$367	5x	as long as short
Extended WTI-USD	+0.0016%	1h	92.790	+0.057%	$2.3M	$25.5M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0030%	1h	92.680	−0.061%	$3.5M	$5.9M	20x	as long as short
Lighter WTI	+0.0032%	1h	92.734	−0.003%	$11.2M	$9.9M	20x	as long as short
edgeX CLUSDC	+0.0035%	4h	92.691	−0.050%	$533K	$300K	30x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.867	+0.140%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.360	−0.407%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.720	−0.018%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.735	−0.002%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.716	−0.023%	$2.1M	$59K	20x	as long as short
KuCoin CLUSDTMlong	+0.0078%	4h	92.737	long leg	$7.2M	$2.3M	50x
Pacifica CL	+0.0100%	1h	92.735	−0.002%	$355K	$605K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.780	+0.046%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.687	−0.054%	$4K	—	10x	as long as short
Aftermath Perps WTIUSD	+0.0118%	1h	92.704	−0.035%	$2K	$28K	5x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.715	−0.024%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.69	+9.654%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0238%	4h	92.660	−0.083%	$4.0M	$1.2M	50x	as long as short