Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: KuCoin against Pacifica+0.014%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

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

costs, in and out, $10k−$310.315% of the position

Long on Pacifica Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.014%, 7d avg +0.028%

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica CL	93.650	0.0100	pay 0.0013% / 1h	51m 09s	$333K	$577K	10x
Short	KuCoin CLUSDTM	93.663	0.0100	get 0.0050% / 4h	1h 51m	$7.1M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Pacifica. 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 PacificabpFee KuCoinbpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → +0.028%: −$1.46
Slippage, 4 orders: −$11.48
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$32.93
Costs to cover: 0.315%
Break-even: never at this rate

Slippage from Pacifica: live order book, 58 min ago; KuCoin: live order book, 7 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 Pacifica live order book, 58 min ago	1.29 bp	6.2 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	1.28 bp	9.5 bp −$9	doesn't fit	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	−0.0284%	1h	93.630	−0.022%	$197K	$380K	15x	as long as short
Aster CLUSD1	−0.0267%	4h	93.677	+0.028%	$24.5M	$64.8M	20x	as long as short
GRVT CL_USDT_Perp	−0.0252%	4h	93.616	−0.037%	$58K	$629K	25x	as long as short
Binance CLUSDT	−0.0154%	4h	93.655	+0.005%	$246.7M	$928.1M	100x	as long as short
Variational Omni CL	−0.0153%	4h	93.499	−0.162%	$13.4M	$10.8M	—	as long as short
Aftermath Perps WTIUSD	−0.0151%	1h	93.589	−0.065%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.649	−0.001%	$286K	$953K	25x	as long as short
Bitget CLUSDT	−0.0108%	4h	93.635	−0.016%	$42.2M	$42.6M	100x	as long as short
Gate CL_USDT	−0.0091%	8h	93.580	−0.075%	$22.2M	$48.3M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0044%	1h	93.630	−0.022%	$3.5M	$5.4M	20x	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	−0.0033%	1h	93.652	+0.002%	$185.2M	$210.7M	20x	as long as short
Nado WTI-PERP	−0.0026%	1h	93.671	+0.022%	$969K	$627K	10x	as long as short
QFEX CL-USD	−0.0023%	1h	93.620	−0.032%	$2.3M	$2.5M	10x	as long as short
OKX CL-USDT-SWAP	−0.0022%	4h	93.640	−0.011%	$42.7M	$101.9M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.160%	$404K	$931K	15x	as long as short
edgeX CLUSDC	−0.0001%	4h	93.623	−0.029%	$526K	$305K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.620	−0.032%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.680	+0.032%	$27.2M	$79.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.685	+0.037%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.660	+0.010%	$38K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.642	−0.009%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.175	−0.508%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0027%	8h	93.633	−0.019%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.651	+0.001%	$11.3M	$9.6M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.650	0.000%	$2.0M	$16.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.680	+0.032%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.630	−0.022%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.625	−0.027%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.651	+0.001%	$2.1M	$60K	20x	as long as short
Pacifica CLlong	+0.0100%	1h	93.650	long leg	$333K	$577K	10x
KuCoin CLUSDTMshort	+0.0100%	4h	93.663	+0.014%	$7.1M	$2.4M	50x
ApeX Omni CLUSDT	+0.0100%	1h	93.690	+0.042%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.621	−0.031%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0214%	4h	93.600	−0.054%	$4.0M	$980K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.74	+9.710%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0244% / S −0.0177%	1h	93.635	−0.016%	$84K	—	111x	as long as short