Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0175%/8h= −19.2% APRpaid last 24h −0.025%

Price spread now: Binance against gTrade (Gains Network)+0.517%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Binance

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

The price spread pays, funding is against you. Binance is 0.517% dearer against gTrade (Gains Network) than usual: you sell high and buy low (spread +0.517% now, against zero (this spread has no 7-day history yet)): +$52 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 9.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WTI/USD	93.059	L 0.0000% / S +0.0036%	pay 0.0000% / 1h	10m 52s	$5K	—	150x
Short	Binance CLUSDT	93.540	−0.0175	pay 0.0088% / 4h	2h 10m	$246.2M	$931.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BinancebpOrdersPrice spread, now +0.517%Rate

Funding earned: −$36.84
Price spread: +0.517% → 0.000%: $51.69
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$3.15
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; Binance: live order book, 3 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Binance live order book, 3 min ago	0.54 bp	5.5 bp −$6	5.5 bp −$55	7.1 bp −$707	13.4 bp −$6,697

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	−0.0391%	1h	93.490	+0.463%	$197K	$377K	15x	as long as short
GRVT CL_USDT_Perp	−0.0288%	4h	93.460	+0.431%	$58K	$629K	25x	as long as short
Aster CLUSD1	−0.0281%	4h	93.566	+0.545%	$24.4M	$64.7M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0203%	1h	93.540	+0.517%	$286K	$959K	25x	as long as short
Binance CLUSDTshort	−0.0175%	4h	93.540	+0.517%	$246.2M	$931.4M	100x
Variational Omni CL	−0.0165%	4h	93.509	+0.483%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0157%	1h	93.505	+0.479%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0124%	4h	93.524	+0.500%	$42.2M	$42.7M	100x	as long as short
Nado WTI-PERP	−0.0119%	1h	93.555	+0.533%	$975K	$630K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0078%	1h	93.460	+0.431%	$3.5M	$5.4M	20x	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	−0.0076%	8h	93.480	+0.452%	$22.0M	$50.2M	100x	as long as short
tradeXYZ xyz:CL	−0.0073%	1h	93.525	+0.501%	$185.1M	$213.6M	20x	as long as short
OKX CL-USDT-SWAP	−0.0041%	4h	93.530	+0.506%	$42.7M	$102.8M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.500	+0.474%	$404K	$931K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.500	+0.474%	$2.3M	$2.5M	10x	as long as short
edgeX CLUSDC	−0.0018%	4h	93.488	+0.461%	$525K	$305K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.495	+0.469%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.558	+0.536%	$27.0M	$79.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.562	+0.541%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.520	+0.495%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.526	+0.502%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USDlong	L 0.0000% / S +0.0036%	1h	93.059	long leg	$5K	—	150x
Paradex CL-USD-PERP	+0.0017%	8h	93.487	+0.460%	$16K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	93.530	+0.506%	$11.2M	$9.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.560	+0.538%	$2.0M	$16.9M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.470	+0.442%	$740K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.520	+0.495%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.509	+0.484%	$332K	$577K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.527	+0.503%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.530	+0.506%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0090%	4h	93.554	+0.532%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.520	+0.495%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.502	+0.476%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0198%	4h	93.490	+0.463%	$4.0M	$990K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.64	+10.301%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0239% / S −0.0173%	1h	93.525	+0.501%	$84K	—	111x	as long as short