Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0171%/8h= +18.7% APRpaid last 24h +0.039%

Price spread now: Pacifica against Gate+0.014%7-day average +0.049% · you sell dearer than you buy

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

Long on Gate Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.348%+$35 on $10k

Price spread, last 4 days (all we have)+0.190%+$19 · spread now +0.014%, 7d avg +0.049%

Together, before fees+0.537%+ Points / potential airdropPacifica: Active · farm board+$54 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.035% cheaper against Gate than usual: you would sell low and buy high (spread +0.014% now, against its 7-day average of +0.049%). If the spread goes back, that is −$3 on $10k: about 16 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CL_USDT	92.880	−0.0071	get 0.0071% / 8h	5h 12m	$20.9M	$53.0M	100x
Short	Pacifica CL	92.893	0.0100	get 0.0013% / 1h	12m 03s	$331K	$619K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.014%Rate

Funding earned: $35.91
Price spread: +0.014% → +0.049%: −$3.48
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $9.43
Costs to cover: 0.230%
Break-even: 5.2 days

Slippage unknown: Gate: live order book, 2 min ago; Pacifica: live order book, 52 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 Gate live order book, 2 min ago	0.54 bp	9.8 bp −$10	14.3 bp −$143	25.2 bp −$2,524	33.8 bp −$16.9K
Sell Pacifica live order book, 52 min ago	0.05 bp	5.4 bp −$5	doesn't fit	doesn't fit	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0611%	1h	92.850	−0.032%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0257%	4h	92.930	+0.054%	$24.0M	$67.9M	20x	as long as short
GRVT CL_USDT_Perp	−0.0238%	4h	92.910	+0.032%	$53K	$635K	25x	as long as short
Binance CLUSDT	−0.0205%	4h	92.932	+0.056%	$244.7M	$952.5M	100x	as long as short
Variational Omni CL	−0.0195%	4h	92.857	−0.025%	$13.5M	$11.2M	—	as long as short
Ondo Perps WTI-USD.P	−0.0162%	1h	92.860	−0.022%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0154%	1h	92.944	+0.069%	$961K	$658K	10x	as long as short
OKX CL-USDT-SWAP	−0.0076%	4h	92.920	+0.043%	$42.9M	$102.1M	50x	as long as short
tradeXYZ xyz:CL	−0.0071%	1h	92.931	+0.055%	$184.5M	$217.5M	20x	as long as short
Gate CL_USDTlong	−0.0071%	8h	92.880	long leg	$20.9M	$53.0M	100x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSD	−0.0064%	1h	92.897	+0.018%	$2K	$27K	5x	as long as short
Extended WTI-USD	−0.0064%	1h	92.990	+0.118%	$2.1M	$22.2M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.140%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.880	0.000%	$2.5M	$1.7M	10x	as long as short
edgeX CLUSDC	−0.0015%	4h	92.902	+0.023%	$529K	$303K	30x	as long as short
Lighter WTI	0.0000%	1h	92.893	+0.014%	$11.2M	$10.5M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.937	+0.061%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.943	+0.068%	$26.5M	$80.9M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.928	+0.052%	$42.1M	$43.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.950	+0.075%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.898	+0.019%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.461	−0.451%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0010%	4h	92.929	+0.053%	$7.3M	$2.3M	50x	as long as short
Paradex CL-USD-PERP	+0.0011%	8h	92.889	+0.009%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.870	−0.011%	$732K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.920	+0.043%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.906	+0.028%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.885	+0.005%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	92.988	+0.116%	$3.1M	$2.9M	20x	as long as short
Pacifica CLshort	+0.0100%	1h	92.893	+0.014%	$331K	$619K	10x
ApeX Omni CLUSDT	+0.0100%	1h	92.970	+0.097%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.861	−0.020%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.909	+0.031%	$273K	$872K	25x	as long as short
BloFin CL-USDT	+0.0168%	4h	92.900	+0.022%	$4.1M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.885	+0.005%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.10	+9.925%	$19K	$11K	30x	as long as short