Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.015%

Price spread now: KuCoin against StandX−0.037%7-day average +0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$380.380% of the position

Long on StandX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 7 days+0.059%+$6 · spread now −0.037%, 7d avg +0.047%

Together, before fees+0.105%+ Points / potential airdropStandX: Active · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.083% cheaper against StandX than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of +0.047%). If the spread goes back, that is −$8 on $10k: about 4.6 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.046% in total) that is about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX CL-USD	93.150	0.0040	pay 0.0005% / 1h	3m 25s	$735K	$2.8M	40x
Short	KuCoin CLUSDTM	93.116	0.0100	get 0.0050% / 4h	3m 25s	$7.0M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against StandX. 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 StandXbpFee KuCoinbpOrdersPrice spread, now −0.037%Rate

Funding earned: $12.6
Price spread: −0.037% → +0.047%: −$8.34
Slippage, 4 orders: −$18
Fee StandX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$33.74
Costs to cover: 0.380%
Break-even: 25.7 days

Slippage from StandX: 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 StandX live order book, 1 min ago	5.91 bp	9.9 bp −$10	12.6 bp −$126	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	1.61 bp	9.0 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	−0.0609%	1h	93.040	−0.118%	$194K	$398K	15x	as long as short
Aster CLUSD1	−0.0252%	4h	93.140	−0.011%	$24.8M	$62.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0218%	4h	93.231	+0.087%	$75K	$634K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0210%	1h	93.097	−0.057%	$273K	$924K	25x	as long as short
Binance CLUSDT	−0.0140%	4h	93.120	−0.032%	$246.5M	$923.6M	100x	as long as short
Gate CL_USDT	−0.0138%	8h	93.010	−0.150%	$23.2M	$50.8M	100x	as long as short
Variational Omni CL	−0.0130%	4h	93.192	+0.046%	$13.6M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0109%	1h	93.148	−0.002%	$953K	$613K	10x	as long as short
Bitget CLUSDT	−0.0100%	4h	93.095	−0.059%	$42.2M	$41.5M	100x	as long as short
Aftermath Perps WTIUSD	−0.0085%	1h	93.140	−0.011%	$1K	$26K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0067%	4h	93.090	−0.064%	$42.5M	$103.1M	50x	as long as short
edgeX CLUSDC	−0.0042%	4h	93.256	+0.114%	$525K	$324K	30x	as long as short
QFEX CL-USD	−0.0038%	1h	93.090	−0.064%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.419%	$405K	$810K	15x	as long as short
tradeXYZ xyz:CL	−0.0016%	1h	93.104	−0.049%	$184.3M	$196.5M	20x	as long as short
Lighter WTI	−0.0008%	1h	93.077	−0.078%	$11.2M	$9.2M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0002%	1h	93.080	−0.075%	$3.6M	$5.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.133	−0.018%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.100	−0.054%	$27.0M	$79.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.110	−0.043%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.140	−0.011%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.105	−0.048%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.658	−0.528%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0011%	8h	93.063	−0.093%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.110	−0.043%	$1.7M	$15.0M	10x	as long as short
StandX CL-USDlong	+0.0040%	1h	93.150	long leg	$735K	$2.8M	40x
Vest CL-PERP	+0.0046%	1h	93.090	−0.064%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.090	−0.064%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.075	−0.081%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.099	−0.054%	$347K	$589K	10x	as long as short
KuCoin CLUSDTMshort	+0.0100%	4h	93.116	−0.037%	$7.0M	$2.4M	50x
ApeX Omni CLUSDT	+0.0100%	1h	93.290	+0.150%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.056	−0.101%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0168%	4h	93.180	+0.032%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.645%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0261% / S −0.0179%	1h	93.085	−0.070%	$90K	—	111x	as long as short