Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0185%/8h= +20.3% APRpaid last 24h +0.035%

Price spread now: Polymarket Perps against Gate+0.030%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs+$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.469%+$47 on $10k

Price spread, last 7 days+0.010%+$1 · spread now +0.030%, 7d avg +0.040%

Together, before fees+0.479%+$48 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.040%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CL_USDT	92.860	−0.0135	get 0.0135% / 8h	17m 01s	$23.0M	$50.2M	100x
Short	Polymarket Perps WTIOIL-USD	92.888	0.0050	get 0.0006% / 1h	17m 01s	$1.7M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now +0.030%Rate

Funding earned: $38.85
Price spread: +0.030% → +0.040%: −$1.03
Slippage, 4 orders: −$8.76
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $6.06
Costs to cover: 0.318%
Break-even: 5.9 days

Slippage from Gate: live order book, 2 min ago; Polymarket Perps: live order book, 2 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	9.2 bp −$9	13.5 bp −$135	27.0 bp −$2,705	36.5 bp −$18.3K
Sell Polymarket Perps live order book, 2 min ago	0.59 bp	4.6 bp −$5	9.5 bp −$95	13.5 bp −$1,348	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	−0.0503%	1h	92.890	+0.032%	$194K	$396K	15x	as long as short
Aster CLUSD1	−0.0276%	4h	92.993	+0.143%	$24.8M	$63.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0244%	4h	92.942	+0.089%	$77K	$622K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0210%	1h	92.911	+0.055%	$274K	$930K	25x	as long as short
Binance CLUSDT	−0.0154%	4h	92.964	+0.112%	$246.8M	$922.9M	100x	as long as short
Variational Omni CL	−0.0144%	4h	92.909	+0.052%	$13.5M	$10.7M	—	as long as short
Gate CL_USDTlong	−0.0135%	8h	92.860	long leg	$23.0M	$50.2M	100x
Bitget CLUSDT	−0.0120%	4h	92.930	+0.075%	$42.2M	$41.6M	100x	as long as short
Nado WTI-PERP	−0.0110%	1h	92.946	+0.093%	$952K	$618K	10x	as long as short
Aftermath Perps WTIUSD	−0.0098%	1h	92.936	+0.082%	$2K	$27K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0081%	4h	92.960	+0.108%	$42.6M	$102.9M	50x	as long as short
QFEX CL-USD	−0.0038%	1h	92.910	+0.054%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CL	−0.0020%	1h	92.942	+0.088%	$184.0M	$198.0M	20x	as long as short
edgeX CLUSDC	−0.0019%	4h	92.936	+0.082%	$522K	$305K	30x	as long as short
Lighter WTI	−0.0016%	1h	92.910	+0.054%	$11.2M	$9.2M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0016%	1h	92.870	+0.011%	$3.6M	$5.3M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.732%	$405K	$810K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	92.986	+0.136%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.975	+0.124%	$26.8M	$79.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.938	+0.083%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.990	+0.140%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.915	+0.059%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.483	−0.406%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0002%	8h	92.867	+0.007%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	92.950	+0.097%	$1.8M	$15.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.020	+0.172%	$737K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.910	+0.054%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USDshort	+0.0050%	1h	92.888	+0.030%	$1.7M	$1.3M	20x
SoDEX CL-USD	+0.0050%	1h	92.925	+0.070%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.908	+0.052%	$346K	$591K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.938	+0.084%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.020	+0.172%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.886	+0.028%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0157%	4h	92.890	+0.032%	$4.1M	$981K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0164% / S −0.0012%	1h	92.915	+0.059%	$80K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.987%	$19K	$11K	30x	as long as short