Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.043%

Price spread now: KuCoin against tradeXYZ+0.004%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$370.375% of the position

Long on tradeXYZ Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.155%+$15 on $10k

Price spread, last 7 days+0.053%+$5 · spread now +0.004%, 7d avg +0.031%

Together, before fees+0.207%+ Points / potential airdroptradeXYZ: Active · farm board+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.026% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.004% now, against its 7-day average of +0.031%). If the spread goes back, that is −$3 on $10k: about 23 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CL	93.097	−0.0087	get 0.0011% / 1h	59m 10s	$185.3M	$217.4M	20x
Short	KuCoin CLUSDTM	93.101	0.0006	get 0.0003% / 4h	59m 10s	$7.1M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against tradeXYZ. 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 tradeXYZbpFee KuCoinbpOrdersPrice spread, now +0.004%Rate

Funding earned: $19.49
Price spread: +0.004% → +0.031%: −$2.64
Slippage, 4 orders: −$7.46
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$20.61
Costs to cover: 0.375%
Break-even: 14.4 days

Slippage from tradeXYZ: live order book, 11 min ago; KuCoin: live order book, 4 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 tradeXYZ live order book, 11 min ago	0.22 bp	9.5 bp −$9	10.8 bp −$108	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	1.72 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	−0.0502%	1h	93.070	−0.029%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0261%	4h	93.108	+0.012%	$24.0M	$68.1M	20x	as long as short
GRVT CL_USDT_Perp	−0.0248%	4h	92.983	−0.122%	$53K	$635K	25x	as long as short
Binance CLUSDT	−0.0205%	4h	93.110	+0.014%	$244.8M	$953.4M	100x	as long as short
Variational Omni CL	−0.0197%	4h	92.966	−0.141%	$13.5M	$11.2M	—	as long as short
Kraken Futures PF_WTIOILUSD	−0.0196%	1h	93.116	+0.020%	$274K	$869K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0130%	1h	93.030	−0.072%	$3.5M	$5.6M	20x	as long as short
edgeX CLUSDC	−0.0093%	4h	92.999	−0.106%	$530K	$303K	30x	as long as short
tradeXYZ xyz:CLlong	−0.0087%	1h	93.097	long leg	$185.3M	$217.4M	20x
OKX CL-USDT-SWAP	−0.0081%	4h	93.100	+0.003%	$42.6M	$102.9M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended WTI-USD	−0.0080%	1h	93.130	+0.035%	$2.1M	$21.9M	10x	as long as short
Aftermath Perps WTIUSD	−0.0068%	1h	93.045	−0.055%	$2K	$27K	5x	as long as short
Gate CL_USDT	−0.0061%	8h	93.050	−0.050%	$20.9M	$50.9M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.373%	$402K	$944K	15x	as long as short
Bitget CLUSDT	−0.0042%	4h	93.097	0.000%	$42.0M	$43.6M	100x	as long as short
Nado WTI-PERP	−0.0034%	1h	93.133	+0.039%	$963K	$653K	10x	as long as short
QFEX CL-USD	−0.0032%	1h	93.070	−0.029%	$2.5M	$1.7M	10x	as long as short
Lighter WTI	−0.0008%	1h	93.093	−0.004%	$11.2M	$10.5M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.101	+0.004%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.120	+0.025%	$26.8M	$81.0M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.174	+0.082%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.050	−0.050%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.101	+0.004%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.657	−0.473%	$5K	—	150x	as long as short
KuCoin CLUSDTMshort	+0.0006%	4h	93.101	+0.004%	$7.1M	$2.4M	50x
Paradex CL-USD-PERP	+0.0011%	8h	93.067	−0.033%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	93.010	−0.093%	$734K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.100	+0.003%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.093	−0.004%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.094	−0.003%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.091	−0.006%	$329K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.060	−0.040%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.061	−0.038%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0158%	4h	93.070	−0.029%	$4.1M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0209% / S −0.0134%	1h	93.095	−0.002%	$79K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.10	+9.668%	$19K	$11K	30x	as long as short