Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0149%/8h= −16.3% APRpaid last 24h −0.050%

Price spread now: Gate against ApeX Omni−0.129%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$610.609% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.535%−$54 on $10k

Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.129%, 7d avg −0.069%

Together, before fees−0.448%−$45 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.060% cheaper against ApeX Omni than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.069%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni CLUSDT	93.280	0.0100	pay 0.0013% / 1h	45m 22s	$56K	$266K	50x
Short	Gate CL_USDT	93.160	−0.0049	pay 0.0049% / 8h	3h 45m	$21.0M	$50.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against ApeX Omni. 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 ApeX OmnibpFee GatebpOrdersPrice spread, now −0.129%Rate

Funding earned: −$31.29
Price spread: −0.129% → −0.069%: −$6
Slippage, 4 orders: −$35.91
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$98.2
Costs to cover: 0.609%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 7 min ago; Gate: 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 ApeX Omni live order book, 7 min ago	8.60 bp	19.7 bp −$20	195.4 bp −$1,954	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	0.54 bp	9.1 bp −$9	14.2 bp −$142	27.9 bp −$2,794	34.6 bp −$17.3K

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	−0.0715%	1h	93.180	−0.107%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0260%	4h	93.250	−0.032%	$24.1M	$67.0M	20x	as long as short
GRVT CL_USDT_Perp	−0.0192%	4h	93.168	−0.120%	$54K	$658K	25x	as long as short
Binance CLUSDT	−0.0171%	4h	93.210	−0.075%	$245.5M	$943.1M	100x	as long as short
Variational Omni CL	−0.0160%	4h	93.169	−0.119%	$13.4M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0128%	1h	93.268	−0.013%	$964K	$645K	10x	as long as short
Bitget CLUSDT	−0.0122%	4h	93.207	−0.078%	$42.0M	$43.3M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0117%	1h	93.150	−0.139%	$3.5M	$5.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0110%	1h	93.176	−0.112%	$2K	$27K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.217	−0.068%	$269K	$947K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDTshort	−0.0049%	8h	93.160	−0.129%	$21.0M	$50.9M	100x
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.190	−0.096%	$401K	$928K	15x	as long as short
OKX CL-USDT-SWAP	−0.0035%	4h	93.220	−0.064%	$42.7M	$102.9M	50x	as long as short
QFEX CL-USD	−0.0033%	1h	93.200	−0.086%	$2.3M	$1.8M	10x	as long as short
KuCoin CLUSDTM	−0.0012%	4h	93.233	−0.050%	$7.1M	$2.4M	50x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.230	−0.054%	$37K	$41K	20x	as long as short
edgeX CLUSDC	−0.0005%	4h	93.232	−0.051%	$524K	$308K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.272	−0.008%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.239	−0.044%	$27.0M	$80.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.268	−0.013%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.208	−0.077%	$19K	$242K	10x	as long as short
tradeXYZ xyz:CL	0.0000%	1h	93.218	−0.066%	$184.6M	$219.0M	20x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.779	−0.537%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0015%	8h	93.201	−0.085%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.213	−0.072%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.250	−0.032%	$2.0M	$19.5M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.150	−0.139%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.230	−0.054%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.221	−0.063%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.225	−0.059%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.215	−0.070%	$331K	$597K	10x	as long as short
ApeX Omni CLUSDTlong	+0.0100%	1h	93.280	long leg	$56K	$266K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	93.183	−0.104%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0204%	4h	93.210	−0.075%	$4.0M	$1.0M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0219% / S −0.0147%	1h	93.205	−0.080%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.17	+9.526%	$19K	$11K	30x	as long as short