Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h −0.010%

Price spread now: gTrade (Gains Network) against Bybit−0.516%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and gTrade (Gains Network) is 0.516% cheaper against Bybit than usual: you would sell low and buy high (−$52 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CLUSDT	93.250	0	get 0.0000% / 8h	3h 43m	$26.9M	$80.7M	150x
Short	gTrade (Gains Network) WTI/USD	92.769	L 0.0000% / S +0.0036%	pay 0.0004% / 1h	43m 55s	$5K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bybit. 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 BybitbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.516%Rate

Funding earned: −$7.5
Price spread: −0.516% → 0.000%: −$51.58
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Net: −$78.08
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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 Bybit live order book, 5 min ago	0.54 bp	6.6 bp −$7	7.7 bp −$77	15.4 bp −$1,535	78.3 bp −$39.1K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0608%	1h	93.160	−0.097%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0262%	4h	93.270	+0.022%	$24.1M	$67.0M	20x	as long as short
GRVT CL_USDT_Perp	−0.0192%	4h	93.168	−0.088%	$54K	$658K	25x	as long as short
Binance CLUSDT	−0.0172%	4h	93.210	−0.043%	$245.5M	$942.6M	100x	as long as short
Variational Omni CL	−0.0160%	4h	93.169	−0.087%	$13.4M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0130%	1h	93.258	+0.008%	$964K	$642K	10x	as long as short
Bitget CLUSDT	−0.0122%	4h	93.235	−0.016%	$42.0M	$43.3M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0118%	1h	93.110	−0.150%	$3.5M	$5.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0111%	1h	93.187	−0.068%	$2K	$27K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.192	−0.062%	$270K	$951K	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_USDT	−0.0050%	8h	93.180	−0.075%	$21.0M	$50.9M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.190	−0.064%	$401K	$928K	15x	as long as short
OKX CL-USDT-SWAP	−0.0033%	4h	93.240	−0.011%	$42.7M	$102.9M	50x	as long as short
QFEX CL-USD	−0.0033%	1h	93.180	−0.075%	$2.3M	$1.8M	10x	as long as short
KuCoin CLUSDTM	−0.0012%	4h	93.242	−0.009%	$7.1M	$2.4M	50x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.230	−0.021%	$37K	$41K	20x	as long as short
edgeX CLUSDC	−0.0005%	4h	93.232	−0.019%	$524K	$308K	30x	as long as short
tradeXYZ xyz:CL	−0.0002%	1h	93.261	+0.012%	$184.7M	$219.0M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.272	+0.024%	$8K	$3K	5x	as long as short
Bybit CLUSDTlong	0.0000%	8h	93.250	long leg	$26.9M	$80.7M	150x
RISEx CL/USDC	0.0000%	1h	93.264	+0.015%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.206	−0.047%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USDshort	L 0.0000% / S +0.0036%	1h	92.769	−0.516%	$5K	—	150x
Paradex CL-USD-PERP	+0.0015%	8h	93.195	−0.059%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.195	−0.059%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.280	+0.032%	$2.0M	$19.4M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.150	−0.107%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.220	−0.032%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.209	−0.044%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.200	−0.054%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.204	−0.049%	$331K	$597K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.280	+0.032%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.167	−0.089%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0205%	4h	93.200	−0.054%	$4.0M	$1.0M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0219% / S −0.0147%	1h	93.195	−0.059%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.17	+9.561%	$19K	$11K	30x	as long as short