Settings8H · net · $10k
Funding arb · Price arb /

CL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0068%/8h= −7.4% APRnext payment $0.08 per $10,000 · paid last 24h −0.018%
Price spread now: gTrade (Gains Network) against Extended−0.507%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and gTrade (Gains Network) is 0.507% cheaper against Extended than usual: you would sell low and buy high (−$51 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended WTI-USD93.6500.0032pay 0.0004% / 1h51m 18s$2.0M$16.2M10x
ShortgTrade (Gains Network) WTI/USD93.175L 0.0000% / S +0.0036%pay 0.0004% / 1h51m 18s$5K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Extended. 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

Funding earned
−$14.22
Price spread: −0.507% → 0.000%
−$50.72
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee gTrade (Gains Network): 4 bp × 2 orders
−$8
Net
−$77.94
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 3 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 3 min ago0.05 bp7.4 bp −$79.5 bp −$9526.1 bp −$2,611doesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit WTIOIL_USDC-PERPETUAL−0.0284%1h93.630−0.021%$197K$380K15xas long as short
Aster CLUSD1−0.0267%4h93.670+0.021%$24.5M$64.8M20xas long as short
GRVT CL_USDT_Perp−0.0252%4h93.616−0.037%$58K$629K25xas long as short
Binance CLUSDT−0.0154%4h93.646−0.005%$246.7M$928.0M100xas long as short
Variational Omni CL−0.0153%4h93.499−0.162%$13.4M$10.8Mas long as short
Aftermath Perps WTIUSD−0.0151%1h93.589−0.065%$2K$26K5xas long as short
Kraken Futures PF_WTIOILUSD−0.0137%1h93.649−0.001%$286K$953K25xas long as short
Bitget CLUSDT−0.0108%4h93.636−0.015%$42.2M$42.6M100xas long as short
Gate CL_USDT−0.0091%8h93.570−0.085%$22.2M$48.3M100xas long as short
Ondo Perps WTI-USD.P−0.0044%1h93.630−0.021%$3.5M$5.4M20xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:CL−0.0031%1h93.624−0.028%$185.2M$210.6M20xas long as short
Nado WTI-PERP−0.0026%1h93.671+0.023%$969K$627K10xas long as short
QFEX CL-USD−0.0023%1h93.620−0.032%$2.3M$2.5M10xas long as short
OKX CL-USDT-SWAP−0.0022%4h93.640−0.011%$42.7M$101.9M50xas long as short
Coinbase International WTIOIL-PERP-INTX−0.0008%1h93.500−0.160%$404K$931K15xas long as short
edgeX CLUSDC−0.0001%4h93.623−0.029%$526K$305K30xas long as short
dYdX WTI-USD0.0000%1h93.620−0.032%$8K$3K5xas long as short
Bybit CLUSDT0.0000%8h93.667+0.018%$27.2M$79.4M150xas long as short
RISEx CL/USDC0.0000%1h93.685+0.037%$3.1M$2.9M20xas long as short
Phoenix WTIOIL0.0000%1h93.660+0.011%$38K$39K20xas long as short
Bullet WTIOIL-USD0.0000%1h93.642−0.008%$18K$240K10xas long as short
gTrade (Gains Network) WTI/USDshortL 0.0000% / S +0.0036%1h93.175−0.507%$5K150x
Paradex CL-USD-PERP+0.0027%8h93.633−0.018%$16K$3675xas long as short
Lighter WTI+0.0032%1h93.648−0.002%$11.3M$9.6M20xas long as short
Extended WTI-USDlong+0.0032%1h93.650long leg$2.0M$16.2M10x
StandX CL-USD+0.0040%1h93.680+0.032%$742K$2.8M40xas long as short
Vest CL-PERP+0.0046%1h93.630−0.021%$313K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h93.625−0.027%$1.7M$1.3M20xas long as short
SoDEX CL-USD+0.0050%1h93.651+0.001%$2.1M$60K20xas long as short
Pacifica CL+0.0100%1h93.6500.000%$333K$577K10xas long as short
KuCoin CLUSDTM+0.0100%4h93.662+0.013%$7.1M$2.4M50xas long as short
ApeX Omni CLUSDT+0.0100%1h93.690+0.043%$54K$266K50xas long as short
Aevo WTIOIL-PERP+0.0104%1h93.621−0.031%$4K10xas long as short
BloFin CL-USDT+0.0212%4h93.600−0.053%$4.0M$980K50xas long as short
Injective WTI/USDC PERP+0.0220%1h102.74+9.711%$19K$11K30xas long as short
GMX WTIOIL/USD [ETH-USDC]L +0.0244% / S −0.0177%1h93.635−0.016%$84K111xas long as short