Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0047%/8h= −5.1% APRpaid last 24h −0.048%

Price spread now: Gate against Polymarket Perps−0.067%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.653%−$65 on $10k

Price spread, last 7 days−0.037%−$4 · spread now −0.067%, 7d avg −0.041%

Together, before fees−0.689%−$69 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.026% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.041%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps WTIOIL-USD	92.032	0.0025	pay 0.0003% / 1h	45m 34s	$1.6M	$1.4M	20x
Short	Gate CL_USDT	91.970	−0.0022	pay 0.0022% / 8h	45m 34s	$21.3M	$57.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Polymarket Perps. 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 Polymarket PerpsbpFee GatebpOrdersPrice spread, now −0.067%Rate

Funding earned: −$9.78
Price spread: −0.067% → −0.041%: −$2.62
Slippage, 4 orders: −$10.63
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$46.03
Costs to cover: 0.336%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; Gate: 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 Polymarket Perps live order book, 3 min ago	2.50 bp	7.7 bp −$8	8.5 bp −$85	11.7 bp −$1,172	doesn't fit
Sell Gate live order book, 3 min ago	0.54 bp	9.3 bp −$9	12.4 bp −$124	26.0 bp −$2,604	31.2 bp −$15.6K

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
Kraken Futures PF_WTIOILUSD	−0.0450%	1h	92.027	−0.005%	$275K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0290%	4h	91.994	−0.042%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0221%	4h	92.050	+0.020%	$23.9M	$77.6M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0184%	1h	92.030	−0.002%	$96K	$189K	15x	as long as short
Nado WTI-PERP	−0.0175%	1h	92.096	+0.069%	$923K	$743K	10x	as long as short
Binance CLUSDT	−0.0140%	4h	92.030	−0.002%	$245.3M	$1.10B	100x	as long as short
Lighter WTI	−0.0136%	1h	92.020	−0.013%	$11.1M	$10.9M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0131%	1h	92.000	−0.035%	$3.5M	$6.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0111%	1h	92.060	+0.030%	$185.7M	$275.8M	20x	as long as short
Paradex CL-USD-PERP	−0.0108%	8h	92.012	−0.022%	$15K	$367	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CL	−0.0096%	4h	91.994	−0.042%	$13.4M	$13.0M	—	as long as short
Bullet WTIOIL-USD	−0.0078%	1h	92.038	+0.006%	$19K	$241K	10x	as long as short
QFEX CL-USD	−0.0054%	1h	92.030	−0.002%	$2.4M	$2.6M	10x	as long as short
Gate CL_USDTshort	−0.0022%	8h	91.970	−0.067%	$21.3M	$57.5M	100x
Pacifica CL	−0.0020%	1h	92.030	−0.002%	$332K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.082%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.060	+0.030%	$25.6M	$94.8M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.030	−0.002%	$43.1M	$113.0M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.152	+0.130%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.017	−0.016%	$41.9M	$51.8M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.070	+0.041%	$37K	$101K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.002%	$399K	$984K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.597	−0.473%	$4K	—	150x	as long as short
Polymarket Perps WTIOIL-USDlong	+0.0025%	1h	92.032	long leg	$1.6M	$1.4M	20x
Extended WTI-USD	+0.0032%	1h	92.100	+0.074%	$2.0M	$27.5M	10x	as long as short
StandX CL-USD	+0.0040%	1h	91.990	−0.046%	$723K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.090	+0.063%	—	$308K	10x	as long as short
Aftermath Perps WTIUSD	+0.0049%	1h	92.027	−0.006%	$2K	$29K	5x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.015	−0.018%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0068%	4h	92.022	−0.011%	$529K	$335K	30x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.021	−0.012%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.050	+0.020%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.982	−0.055%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	92.005	−0.029%	$76K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.28	+10.043%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.000	−0.035%	$4.0M	$1.4M	50x	as long as short