Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.016%

Price spread now: KuCoin against Extended−0.033%7-day average +0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 7 days+0.111%+$11 · spread now −0.033%, 7d avg +0.042%

Together, before fees+0.116%+ Points / potential airdropExtended: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.076% cheaper against Extended than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.042%). If the spread goes back, that is −$8 on $10k: about 3.7 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.005% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WTI-USD	93.300	0.0032	pay 0.0004% / 1h	7m 20s	$1.7M	$15.0M	10x
Short	KuCoin CLUSDTM	93.269	0.0100	get 0.0050% / 4h	7m 20s	$7.1M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee ExtendedbpFee KuCoinbpOrdersPrice spread, now −0.033%Rate

Funding earned: $14.28
Price spread: −0.033% → +0.042%: −$7.56
Slippage, 4 orders: −$10.7
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$20.98
Costs to cover: 0.277%
Break-even: 17.3 days

Slippage from Extended: live order book, 2 min ago; KuCoin: live order book, 1 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 Extended live order book, 2 min ago	0.05 bp	6.8 bp −$7	9.0 bp −$90	26.3 bp −$2,631	doesn't fit
Sell KuCoin live order book, 1 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	−0.0393%	1h	93.260	−0.043%	$195K	$398K	15x	as long as short
Aster CLUSD1	−0.0259%	4h	93.314	+0.015%	$24.8M	$62.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0230%	4h	93.059	−0.259%	$77K	$622K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0209%	1h	93.278	−0.024%	$276K	$929K	25x	as long as short
Binance CLUSDT	−0.0142%	4h	93.275	−0.027%	$246.9M	$922.1M	100x	as long as short
Gate CL_USDT	−0.0137%	8h	93.170	−0.139%	$23.2M	$50.6M	100x	as long as short
Variational Omni CL	−0.0136%	4h	93.053	−0.264%	$13.5M	$10.6M	—	as long as short
Nado WTI-PERP	−0.0110%	1h	93.310	+0.011%	$955K	$613K	10x	as long as short
Bitget CLUSDT	−0.0104%	4h	93.258	−0.045%	$42.3M	$41.5M	100x	as long as short
edgeX CLUSDC	−0.0089%	4h	93.053	−0.265%	$523K	$304K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSD	−0.0087%	1h	93.122	−0.191%	$1K	$26K	5x	as long as short
OKX CL-USDT-SWAP	−0.0073%	4h	93.260	−0.043%	$42.7M	$103.2M	50x	as long as short
QFEX CL-USD	−0.0038%	1h	93.210	−0.096%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.257%	$405K	$810K	15x	as long as short
tradeXYZ xyz:CL	−0.0015%	1h	93.264	−0.039%	$184.6M	$196.4M	20x	as long as short
Lighter WTI	−0.0008%	1h	93.242	−0.062%	$11.2M	$9.2M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0006%	1h	93.230	−0.075%	$3.6M	$5.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.288	−0.013%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.295	−0.005%	$27.0M	$79.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.271	−0.031%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.240	−0.064%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.244	−0.060%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.814	−0.521%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	93.257	−0.046%	$16K	$367	5x	as long as short
Extended WTI-USDlong	+0.0032%	1h	93.300	long leg	$1.7M	$15.0M	10x
StandX CL-USD	+0.0040%	1h	93.300	0.000%	$739K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.230	−0.075%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.236	−0.069%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.260	−0.043%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.276	−0.026%	$348K	$589K	10x	as long as short
KuCoin CLUSDTMshort	+0.0100%	4h	93.269	−0.033%	$7.1M	$2.4M	50x
ApeX Omni CLUSDT	+0.0100%	1h	93.120	−0.193%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.251	−0.052%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0163%	4h	93.250	−0.054%	$4.1M	$985K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.468%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0260% / S −0.0207%	1h	93.255	−0.048%	$84K	—	111x	as long as short