Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0111%/8h= +12.2% APRpaid last 24h +0.020%

Price spread now: dYdX against Gate+0.084%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 dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and dYdX is 0.084% dearer against Gate than usual: you sell high and buy low: +$8 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	Gate CL_USDT	93.570	−0.0111	get 0.0111% / 8h	1h 23m	$22.5M	$49.5M	100x
Short	dYdX WTI-USD	93.649	0	get 0.0000% / 1h	23m 28s	$8K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.084%Rate

Funding earned: $23.31
Price spread: +0.084% → 0.000%: $8.41
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: $6.72
Costs to cover: 0.250%
Break-even: 5.0 days

Slippage unknown: Gate: live order book, 5 min ago; dYdX: 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, 5 min ago	0.54 bp	10.7 bp −$11	15.1 bp −$151	26.4 bp −$2,642	32.4 bp −$16.2K
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.0497%	1h	93.620	+0.053%	$197K	$383K	15x	as long as short
Aster CLUSD1	−0.0275%	4h	93.693	+0.132%	$24.6M	$65.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0262%	4h	93.658	+0.094%	$58K	$618K	25x	as long as short
Binance CLUSDT	−0.0148%	4h	93.657	+0.093%	$247.1M	$916.2M	100x	as long as short
Aftermath Perps WTIUSD	−0.0142%	1h	93.646	+0.081%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.670	+0.107%	$283K	$960K	25x	as long as short
Variational Omni CL	−0.0136%	4h	93.629	+0.063%	$13.5M	$10.6M	—	as long as short
Ondo Perps WTI-USD.P	−0.0125%	1h	93.600	+0.032%	$3.5M	$5.3M	20x	as long as short
Gate CL_USDTlong	−0.0111%	8h	93.570	long leg	$22.5M	$49.5M	100x
Bitget CLUSDT	−0.0104%	4h	93.632	+0.066%	$42.3M	$42.0M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0078%	1h	93.643	+0.078%	$185.2M	$205.0M	20x	as long as short
Nado WTI-PERP	−0.0056%	1h	93.707	+0.146%	$966K	$620K	10x	as long as short
edgeX CLUSDC	−0.0037%	4h	93.643	+0.078%	$526K	$305K	30x	as long as short
QFEX CL-USD	−0.0023%	1h	93.640	+0.075%	$2.3M	$2.4M	10x	as long as short
OKX CL-USDT-SWAP	−0.0020%	4h	93.650	+0.085%	$43.0M	$101.8M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.075%	$404K	$916K	15x	as long as short
dYdX WTI-USDshort	0.0000%	1h	93.649	+0.084%	$8K	$3K	5x
Bybit CLUSDT	0.0000%	8h	93.657	+0.093%	$26.9M	$79.0M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.701	+0.140%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.730	+0.171%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.644	+0.079%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.189	−0.407%	$5K	—	150x	as long as short
Lighter WTI	+0.0016%	1h	93.651	+0.087%	$11.3M	$9.6M	20x	as long as short
Paradex CL-USD-PERP	+0.0021%	8h	93.633	+0.067%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.690	+0.128%	$2.0M	$15.5M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.680	+0.118%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.670	+0.107%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.643	+0.078%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.649	+0.084%	$2.1M	$61K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.643	+0.078%	$333K	$574K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.665	+0.102%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.750	+0.192%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.620	+0.053%	$4K	—	10x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.97	+10.049%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0221%	4h	93.640	+0.075%	$4.0M	$971K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0247% / S −0.0181%	1h	93.645	+0.080%	$84K	—	111x	as long as short