Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h +0.039%

Price spread now: Aftermath Perps against Gate+0.104%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (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. Aftermath Perps is 0.104% dearer against Gate than usual: you sell high and buy low (spread +0.104% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CL_USDT	91.940	−0.0004	get 0.0004% / 8h	1h 14m	$21.2M	$59.4M	100x
Short	Aftermath Perps WTIUSD	92.036	−0.0148	pay 0.0019% / 1h	14m 40s	$2K	$30K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Gate. 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 GatebpFee Aftermath PerpsbpOrdersPrice spread, now +0.104%Rate

Funding earned: −$30.33
Price spread: +0.104% → 0.000%: $10.43
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$43.9
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 4 min ago; Aftermath Perps: 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 Gate live order book, 4 min ago	0.54 bp	10.0 bp −$10	16.1 bp −$161	25.4 bp −$2,535	31.5 bp −$15.8K
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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 35 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
Lighter WTI	−0.0296%	1h	91.981	+0.045%	$11.1M	$11.4M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0293%	1h	92.020	+0.087%	$95K	$208K	15x	as long as short
GRVT CL_USDT_Perp	−0.0182%	4h	91.990	+0.054%	$58K	$715K	25x	as long as short
Nado WTI-PERP	−0.0167%	1h	92.073	+0.145%	$923K	$748K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0164%	1h	91.980	+0.044%	$3.5M	$6.4M	20x	as long as short
Aftermath Perps WTIUSDshort	−0.0148%	1h	92.036	+0.104%	$2K	$30K	5x
tradeXYZ xyz:CL	−0.0143%	1h	92.018	+0.085%	$185.4M	$280.1M	20x	as long as short
Aster CLUSD1	−0.0125%	4h	92.020	+0.087%	$23.9M	$78.0M	20x	as long as short
Bullet WTIOIL-USD	−0.0120%	1h	92.002	+0.067%	$18K	$240K	10x	as long as short
Paradex CL-USD-PERP	−0.0107%	8h	91.977	+0.040%	$15K	$367	5x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CLUSDT	−0.0026%	4h	92.000	+0.065%	$245.3M	$1.12B	100x	as long as short
Gate CL_USDTlong	−0.0004%	8h	91.940	long leg	$21.2M	$59.4M	100x
Polymarket Perps WTIOIL-USD	−0.0003%	1h	91.999	+0.064%	$1.6M	$1.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.182%	$8K	$3K	5x	as long as short
Extended WTI-USD	0.0000%	1h	92.050	+0.120%	$2.0M	$28.8M	10x	as long as short
Bybit CLUSDT	0.0000%	8h	92.020	+0.087%	$25.4M	$97.3M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.980	+0.044%	$43.2M	$113.7M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.980	+0.044%	$2.4M	$2.6M	10x	as long as short
Bitget CLUSDT	0.0000%	4h	91.981	+0.045%	$42.0M	$52.5M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.974	+0.036%	$13.4M	$13.3M	—	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.070	+0.141%	$37K	$99K	20x	as long as short
StandX CL-USD	+0.0022%	1h	91.980	+0.044%	$723K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.100	+0.174%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.995	+0.060%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0099%	4h	92.016	+0.082%	$529K	$342K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.003	+0.069%	$332K	$579K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.001	+0.066%	$7.2M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.050	+0.120%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.982	+0.046%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	92.020	+0.087%	$398K	$1.1M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	101.16	+10.027%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	91.995	+0.060%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.980	+0.044%	$4.0M	$1.4M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0450%	1h	92.018	+0.085%	$275K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	92.118	+0.193%	$3.2M	$2.7M	20x	as long as short