Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Pacifica against KuCoin+0.004%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on KuCoin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$8 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.004%, 7d avg −0.027%

Together, before fees−0.086%+ Points / potential airdropPacifica: Active · farm board−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.031% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CLUSDTM	89.653	0.0100	pay 0.0050% / 4h	1h 45m	$6.9M	$3.0M	50x
Short	Pacifica CL	89.657	0.0100	get 0.0013% / 1h	45m 23s	$300K	$737K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.004%Rate

Funding earned: $0
Price spread: +0.004% → −0.027%: $3.12
Slippage, 4 orders: −$14.16
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$31.04
Costs to cover: 0.342%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Pacifica: live order book, 66 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, 1 min ago	0.34 bp	7.7 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 66 min ago	0.77 bp	7.8 bp −$8	doesn't fit	doesn't fit	doesn't fit

CL on 36 exchanges

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
Kraken Futures PF_WTIOILUSD	−0.0342%	1h	89.486	−0.186%	$319K	$1.8M	25x	as long as short
Aster CLUSD1	−0.0125%	4h	89.665	+0.013%	$24.3M	$72.0M	20x	as long as short
Bitget CLUSDT	−0.0106%	4h	89.672	+0.021%	$40.8M	$56.8M	100x	as long as short
GRVT CL_USDT_Perp	−0.0106%	4h	89.325	−0.366%	$66K	$632K	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0085%	1h	89.510	−0.160%	$39K	$655K	15x	as long as short
Binance CLUSDT	−0.0080%	4h	89.640	−0.015%	$241.3M	$1.21B	100x	as long as short
tradeXYZ xyz:CL	−0.0074%	1h	89.638	−0.017%	$166.7M	$246.0M	20x	as long as short
Aftermath Perps WTIUSD	−0.0068%	1h	89.508	−0.162%	$1K	$26K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0066%	1h	89.660	+0.008%	$3.4M	$6.3M	20x	as long as short
Variational Omni CL	−0.0056%	4h	89.472	−0.202%	$12.5M	$11.4M	—	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended WTI-USD	−0.0056%	1h	89.700	+0.052%	$1.3M	$14.5M	10x	as long as short
Gate CL_USDT	−0.0055%	8h	89.600	−0.059%	$23.1M	$54.0M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	89.320	−0.371%	$408K	$1.5M	15x	as long as short
QFEX CL-USD	−0.0025%	1h	89.670	+0.019%	$2.2M	$2.8M	10x	as long as short
Nado WTI-PERP	−0.0025%	1h	89.726	+0.081%	$875K	$689K	10x	as long as short
OKX CL-USDT-SWAP	−0.0023%	4h	89.620	−0.037%	$39.9M	$132.9M	50x	as long as short
edgeX CLUSDC	−0.0023%	4h	89.388	−0.296%	$494K	$385K	30x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	88.906	−0.833%	$605	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	89.709	+0.062%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	89.630	−0.026%	$27.1M	$109.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	89.752	+0.110%	$2.8M	$3.1M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	89.470	−0.204%	$32K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	89.630	−0.026%	$17K	$237K	10x	as long as short
Paradex CL-USD-PERP	+0.0016%	8h	89.644	−0.010%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	89.667	+0.016%	$10.6M	$10.4M	20x	as long as short
StandX CL-USD	+0.0040%	1h	89.390	−0.293%	$689K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	89.630	−0.026%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	89.668	+0.017%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	89.510	−0.160%	$2.0M	$84K	20x	as long as short
Pacifica CLshort	+0.0100%	1h	89.657	+0.004%	$300K	$737K	10x
KuCoin CLUSDTMlong	+0.0100%	4h	89.653	long leg	$6.9M	$3.0M	50x
ApeX Omni CLUSDT	+0.0100%	1h	89.370	−0.316%	$52K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	89.589	−0.071%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0165% / S −0.0004%	1h	89.605	−0.054%	$77K	—	111x	as long as short
BloFin CL-USDT	+0.0217%	4h	89.470	−0.204%	$3.9M	$1.1M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	90.137	+0.540%	$16K	$5K	30x	as long as short