Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h +0.023%

Price spread now: gTrade (Gains Network) against Gate−0.392%7-day average −0.294% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$297as in the Price arb table

costs, in and out, $10k−$2872.871% of the position

Long on Gate Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)+0.023%+$2 on $10k

Price spread, last 3 days (all we have)+0.002%$0 · spread now −0.392%, 7d avg −0.294%

Together, before fees+0.025%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and gTrade (Gains Network) is 0.099% cheaper against Gate than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.294%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CL_USDT	92.010	−0.0026	get 0.0026% / 8h	41m 37s	$21.3M	$57.6M	100x
Short	gTrade (Gains Network) WTI/USD	91.649	L 0.0000% / S +0.0036%	pay 0.0004% / 1h	41m 37s	$4K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.392%Rate

Funding earned: −$2.04
Price spread: −0.392% → −0.294%: −$9.88
Slippage, 4 orders: −$264.07
Fee Gate: 7.5 bp × 2 orders: −$15
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Net: −$298.99
Costs to cover: 2.871%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; gTrade (Gains Network): virtual book (oracle venue), 67 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 Gate live order book, 2 min ago	0.54 bp	10.1 bp −$10	15.3 bp −$153	25.0 bp −$2,504	30.8 bp −$15.4K
Sell gTrade (Gains Network) virtual book (oracle venue), 67 min ago	130.01 bp	134.0 bp −$134	192.8 bp −$1,928	1368.8 bp −$136.9K	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
Kraken Futures PF_WTIOILUSD	−0.0450%	1h	92.096	+0.093%	$275K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0310%	4h	92.070	+0.065%	$58K	$702K	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0293%	1h	92.080	+0.076%	$96K	$189K	15x	as long as short
Aster CLUSD1	−0.0234%	4h	92.080	+0.076%	$24.0M	$77.6M	20x	as long as short
Nado WTI-PERP	−0.0175%	1h	92.133	+0.133%	$924K	$741K	10x	as long as short
Binance CLUSDT	−0.0156%	4h	92.060	+0.054%	$245.3M	$1.10B	100x	as long as short
Lighter WTI	−0.0128%	1h	92.062	+0.057%	$11.1M	$10.9M	20x	as long as short
Variational Omni CL	−0.0123%	4h	91.994	−0.018%	$13.4M	$12.7M	—	as long as short
Ondo Perps WTI-USD.P	−0.0122%	1h	92.080	+0.076%	$3.5M	$6.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0107%	1h	92.089	+0.086%	$185.8M	$275.8M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex CL-USD-PERP	−0.0107%	8h	92.047	+0.040%	$15K	$367	5x	as long as short
Bullet WTIOIL-USD	−0.0074%	1h	92.073	+0.068%	$18K	$241K	10x	as long as short
QFEX CL-USD	−0.0054%	1h	92.040	+0.033%	$2.4M	$2.6M	10x	as long as short
Gate CL_USDTlong	−0.0026%	8h	92.010	long leg	$21.3M	$57.6M	100x
Pacifica CL	−0.0020%	1h	92.083	+0.080%	$332K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.106%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.090	+0.087%	$25.5M	$94.9M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.070	+0.065%	$43.1M	$112.9M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.170	+0.174%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.060	+0.054%	$42.0M	$51.7M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.070	+0.065%	$37K	$101K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	+0.022%	$399K	$984K	15x	as long as short
gTrade (Gains Network) WTI/USDshort	L 0.0000% / S +0.0036%	1h	91.649	−0.392%	$4K	—	150x
Extended WTI-USD	+0.0008%	1h	92.120	+0.120%	$2.0M	$27.5M	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0028%	1h	92.074	+0.070%	$1.6M	$1.4M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.100	+0.098%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.130	+0.130%	—	$308K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.075	+0.071%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0059%	4h	92.037	+0.029%	$529K	$336K	30x	as long as short
Aftermath Perps WTIUSD	+0.0068%	1h	92.083	+0.080%	$2K	$29K	5x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.075	+0.071%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.150	+0.152%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.058	+0.052%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	92.065	+0.060%	$76K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.28	+10.070%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.070	+0.065%	$4.0M	$1.4M	50x	as long as short