Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.013%

Price spread now: KuCoin against RISEx−0.109%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$280.276% of the position

Long on RISEx Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.055%−$5 on $10k

Price spread, last 7 days+0.129%+$13 · spread now −0.109%, 7d avg −0.029%

Together, before fees+0.074%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and KuCoin is 0.080% cheaper against RISEx than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.029%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx CL/USDC	93.172	0	get 0.0000% / 1h	32m 44s	$3.1M	$2.9M	20x
Short	KuCoin CLUSDTM	93.070	−0.0012	pay 0.0006% / 4h	32m 44s	$7.1M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against RISEx. 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 RISExbpFee KuCoinbpOrdersPrice spread, now −0.109%Rate

Funding earned: −$2.52
Price spread: −0.109% → −0.029%: −$8.01
Slippage, 4 orders: −$9.6
Fee RISEx: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$38.13
Costs to cover: 0.276%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; KuCoin: live order book, 5 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 RISEx live order book, 1 min ago	1.24 bp	4.2 bp −$4	4.6 bp −$46	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	1.88 bp	8.9 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	−0.0394%	1h	93.070	−0.109%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0254%	4h	93.090	−0.088%	$24.0M	$67.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0246%	4h	93.066	−0.114%	$64K	$648K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0196%	1h	93.101	−0.077%	$274K	$872K	25x	as long as short
Binance CLUSDT	−0.0192%	4h	93.080	−0.099%	$244.8M	$951.8M	100x	as long as short
Variational Omni CL	−0.0187%	4h	93.099	−0.079%	$13.5M	$10.9M	—	as long as short
Ondo Perps WTI-USD.P	−0.0114%	1h	93.060	−0.120%	$3.5M	$5.6M	20x	as long as short
tradeXYZ xyz:CL	−0.0111%	1h	93.061	−0.119%	$184.8M	$215.7M	20x	as long as short
Bitget CLUSDT	−0.0098%	4h	93.089	−0.089%	$41.9M	$43.9M	100x	as long as short
Aftermath Perps WTIUSD	−0.0094%	1h	93.114	−0.062%	$2K	$27K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0083%	4h	93.085	−0.093%	$530K	$301K	30x	as long as short
OKX CL-USDT-SWAP	−0.0068%	4h	93.080	−0.099%	$42.6M	$102.7M	50x	as long as short
Gate CL_USDT	−0.0051%	8h	93.020	−0.163%	$20.9M	$51.7M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.453%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0043%	1h	93.060	−0.120%	$2.5M	$1.7M	10x	as long as short
Nado WTI-PERP	−0.0034%	1h	93.119	−0.057%	$963K	$653K	10x	as long as short
KuCoin CLUSDTMshort	−0.0012%	4h	93.070	−0.109%	$7.1M	$2.4M	50x
Lighter WTI	−0.0008%	1h	93.074	−0.105%	$11.2M	$10.5M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.113	−0.063%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.081	−0.098%	$26.7M	$80.8M	150x	as long as short
RISEx CL/USDClong	0.0000%	1h	93.172	long leg	$3.1M	$2.9M	20x
Phoenix WTIOIL	0.0000%	1h	93.110	−0.066%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.086	−0.092%	$19K	$243K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.654	−0.556%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	93.120	−0.056%	$2.0M	$20.9M	10x	as long as short
Paradex CL-USD-PERP	+0.0012%	8h	93.057	−0.123%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	93.130	−0.045%	$735K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.090	−0.088%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.079	−0.100%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.080	−0.099%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	93.070	−0.109%	$329K	$621K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.060	−0.120%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.054	−0.126%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0171%	4h	93.070	−0.109%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0213% / S −0.0140%	1h	93.075	−0.104%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.19	+9.675%	$19K	$11K	30x	as long as short