Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.031%

Price spread now: KuCoin against gTrade (Gains Network)+0.439%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 KuCoin

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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.439% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$44 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WTI/USD	92.454	L 0.0000% / S +0.0036%	pay 0.0000% / 1h	24m 48s	$5K	—	150x
Short	KuCoin CLUSDTM	92.860	0.0032	get 0.0016% / 4h	1h 24m	$7.3M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.439%Rate

Funding earned: $6.69
Price spread: +0.439% → 0.000%: $43.91
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $30.6
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: 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 KuCoin live order book, 3 min ago	1.40 bp	9.1 bp −$9	doesn't fit	doesn't fit	doesn't fit

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	−0.0503%	1h	92.860	+0.439%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0252%	4h	92.820	+0.396%	$23.9M	$68.4M	20x	as long as short
GRVT CL_USDT_Perp	−0.0236%	4h	92.878	+0.459%	$61K	$625K	25x	as long as short
Binance CLUSDT	−0.0207%	4h	92.810	+0.385%	$244.4M	$952.4M	100x	as long as short
Variational Omni CL	−0.0202%	4h	92.856	+0.435%	$13.6M	$11.1M	—	as long as short
Ondo Perps WTI-USD.P	−0.0168%	1h	92.830	+0.407%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0156%	1h	92.934	+0.519%	$962K	$660K	10x	as long as short
Gate CL_USDT	−0.0088%	8h	92.760	+0.331%	$20.9M	$52.6M	100x	as long as short
edgeX CLUSDC	−0.0079%	4h	92.903	+0.485%	$529K	$301K	30x	as long as short
tradeXYZ xyz:CL	−0.0068%	1h	92.817	+0.393%	$184.5M	$217.2M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0058%	4h	92.800	+0.374%	$42.8M	$102.0M	50x	as long as short
Aftermath Perps WTIUSD	−0.0050%	1h	92.887	+0.468%	$2K	$27K	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	+0.320%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.850	+0.428%	$2.5M	$1.7M	10x	as long as short
Extended WTI-USD	−0.0032%	1h	92.880	+0.461%	$2.1M	$22.6M	10x	as long as short
Lighter WTI	0.0000%	1h	92.818	+0.394%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.845	+0.422%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.830	+0.407%	$26.7M	$81.2M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.810	+0.385%	$41.9M	$43.3M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.910	+0.493%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.879	+0.460%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USDlong	L 0.0000% / S +0.0036%	1h	92.454	long leg	$5K	—	150x
Paradex CL-USD-PERP	+0.0018%	8h	92.867	+0.447%	$16K	$367	5x	as long as short
KuCoin CLUSDTMshort	+0.0032%	4h	92.860	+0.439%	$7.3M	$2.3M	50x
StandX CL-USD	+0.0040%	1h	92.430	−0.026%	$727K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.900	+0.482%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.889	+0.471%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.884	+0.465%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	92.987	+0.576%	$3.2M	$2.8M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.815	+0.391%	$331K	$619K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.980	+0.569%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.846	+0.424%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.901	+0.484%	$273K	$872K	25x	as long as short
BloFin CL-USDT	+0.0185%	4h	92.880	+0.461%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.885	+0.466%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.95	+10.275%	$19K	$11K	30x	as long as short