Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.015%

Price spread now: KuCoin against Polymarket Perps+0.001%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

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

costs, in and out, $10k−$320.316% of the position

Long on Polymarket Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 7 days+0.071%+$7 · spread now +0.001%, 7d avg +0.042%

Together, before fees+0.042%+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.041% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.001% now, against its 7-day average of +0.042%). If the spread goes back, that is −$4 on $10k: about 4.9 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps WTIOIL-USD	92.944	0.0050	pay 0.0006% / 1h	50m 18s	$1.6M	$1.3M	20x
Short	KuCoin CLUSDTM	92.945	0.0078	get 0.0039% / 4h	1h 50m	$7.3M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.001%Rate

Funding earned: $5.88
Price spread: +0.001% → +0.042%: −$4.12
Slippage, 4 orders: −$11.6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$29.83
Costs to cover: 0.316%
Break-even: 42.5 days

Slippage from Polymarket Perps: live order book, 3 min ago; KuCoin: 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	2.26 bp	6.4 bp −$6	7.7 bp −$77	10.5 bp −$1,054	doesn't fit
Sell KuCoin live order book, 3 min ago	1.67 bp	9.0 bp −$9	doesn't fit	doesn't fit	doesn't fit

CL on 35 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	−0.0611%	1h	92.870	−0.080%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0237%	4h	92.940	−0.004%	$24.0M	$70.4M	20x	as long as short
GRVT CL_USDT_Perp	−0.0208%	4h	92.849	−0.102%	$61K	$633K	25x	as long as short
Binance CLUSDT	−0.0205%	4h	92.910	−0.037%	$244.7M	$959.0M	100x	as long as short
Variational Omni CL	−0.0200%	4h	92.927	−0.018%	$13.5M	$11.1M	—	as long as short
Nado WTI-PERP	−0.0120%	1h	92.995	+0.055%	$963K	$668K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0098%	1h	92.910	−0.037%	$3.5M	$5.7M	20x	as long as short
Gate CL_USDT	−0.0092%	8h	92.860	−0.090%	$20.9M	$52.2M	100x	as long as short
tradeXYZ xyz:CL	−0.0044%	1h	92.923	−0.023%	$184.8M	$218.5M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.209%	$402K	$944K	15x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0032%	1h	92.920	−0.026%	$2.5M	$1.7M	10x	as long as short
Aftermath Perps WTIUSD	−0.0017%	1h	92.922	−0.024%	$2K	$28K	5x	as long as short
OKX CL-USDT-SWAP	−0.0008%	4h	92.910	−0.037%	$42.8M	$102.5M	50x	as long as short
edgeX CLUSDC	−0.0008%	4h	92.823	−0.130%	$529K	$302K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	92.998	+0.059%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.950	+0.006%	$26.9M	$81.1M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.907	−0.040%	$41.9M	$43.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.880	−0.069%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.925	−0.020%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.471	−0.509%	$5K	—	150x	as long as short
Lighter WTI	+0.0024%	1h	92.944	0.000%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.950	+0.006%	$2.1M	$23.4M	10x	as long as short
Paradex CL-USD-PERP	+0.0036%	8h	92.929	−0.017%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.470	−0.510%	$727K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.940	−0.004%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USDlong	+0.0050%	1h	92.944	long leg	$1.6M	$1.3M	20x
SoDEX CL-USD	+0.0050%	1h	92.913	−0.033%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	93.071	+0.137%	$3.3M	$2.7M	20x	as long as short
KuCoin CLUSDTMshort	+0.0078%	4h	92.945	+0.001%	$7.3M	$2.3M	50x
Pacifica CL	+0.0100%	1h	92.947	+0.004%	$332K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.940	−0.004%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.890	−0.058%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.917	−0.029%	$273K	$882K	25x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.905	−0.042%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.15	+9.902%	$19K	$11K	30x	as long as short