Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0233%/8h= +25.5% APRpaid last 24h +0.070%

Price spread now: GMX against Gate+0.091%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 GMX

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

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and GMX is 0.091% dearer against Gate than usual: you sell high and buy low: +$9 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	93.240	−0.0073	get 0.0073% / 8h	2h 49m	$21.6M	$49.1M	100x
Short	GMX WTIOIL/USD [ETH-USDC]	93.325	L +0.0230% / S −0.0160%	get 0.0020% / 1h	49m 42s	$82K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.091%Rate

Funding earned: $48.86
Price spread: +0.091% → 0.000%: $9.12
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $30.98
Costs to cover: 0.270%
Break-even: 2.6 days

Slippage unknown: Gate: live order book, 4 min ago; GMX: 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	10.3 bp −$10	14.0 bp −$140	27.1 bp −$2,708	33.1 bp −$16.6K
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0607%	1h	93.290	+0.054%	$197K	$372K	15x	as long as short
GRVT CL_USDT_Perp	−0.0348%	4h	93.320	+0.086%	$58K	$649K	25x	as long as short
Aster CLUSD1	−0.0297%	4h	93.330	+0.097%	$24.3M	$66.5M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.342	+0.109%	$283K	$962K	25x	as long as short
Binance CLUSDT	−0.0197%	4h	93.301	+0.065%	$246.4M	$936.5M	100x	as long as short
Variational Omni CL	−0.0185%	4h	93.329	+0.095%	$13.3M	$10.9M	—	as long as short
Ondo Perps WTI-USD.P	−0.0162%	1h	93.280	+0.043%	$3.5M	$5.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0138%	1h	93.325	+0.091%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0134%	4h	93.295	+0.059%	$42.1M	$43.1M	100x	as long as short
Nado WTI-PERP	−0.0129%	1h	93.405	+0.177%	$967K	$621K	10x	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	−0.0081%	1h	93.297	+0.061%	$184.4M	$215.4M	20x	as long as short
Gate CL_USDTlong	−0.0073%	8h	93.240	long leg	$21.6M	$49.1M	100x
OKX CL-USDT-SWAP	−0.0067%	4h	93.290	+0.054%	$42.6M	$102.5M	50x	as long as short
edgeX CLUSDC	−0.0065%	4h	93.310	+0.075%	$524K	$306K	30x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.086%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.320	+0.086%	$2.3M	$2.1M	10x	as long as short
Lighter WTI	−0.0016%	1h	93.299	+0.063%	$11.2M	$9.8M	20x	as long as short
Paradex CL-USD-PERP	−0.0011%	8h	93.288	+0.052%	$16K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	+0.096%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.317	+0.083%	$27.1M	$79.9M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.407	+0.179%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.380	+0.150%	$37K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.337	+0.104%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.882	−0.384%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	93.350	+0.118%	$2.0M	$18.0M	10x	as long as short
KuCoin CLUSDTM	+0.0032%	4h	93.350	+0.118%	$7.1M	$2.4M	50x	as long as short
StandX CL-USD	+0.0040%	1h	93.330	+0.097%	$738K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.350	+0.118%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.299	+0.063%	$331K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.342	+0.109%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.313	+0.078%	$2.1M	$60K	20x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.330	+0.097%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.304	+0.068%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0172%	4h	93.340	+0.107%	$4.0M	$983K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.57	+10.009%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]short	L +0.0230% / S −0.0160%	1h	93.325	+0.091%	$82K	—	111x