Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0212%/8h= +23.2% APRpaid last 24h +0.035%

Price spread now: SoDEX against Gate+0.049%7-day average +0.055% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$580.576% of the position

Long on Gate Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.199%+$20 on $10k

Price spread, last 3 days (all we have)−0.077%−$8 · spread now +0.049%, 7d avg +0.055%

Together, before fees+0.122%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.055%, 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	92.690	−0.0162	get 0.0162% / 8h	6h 40m	$20.9M	$53.0M	100x
Short	SoDEX CL-USD	92.735	0.0050	get 0.0006% / 1h	40m 09s	$2.1M	$61K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.049%Rate

Funding earned: $44.52
Price spread: +0.049% → +0.055%: −$0.6
Slippage, 4 orders: −$34.64
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$13.73
Costs to cover: 0.576%
Break-even: 9.2 days

Slippage from Gate: live order book, 4 min ago; SoDEX: live order book, 4 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, 4 min ago	0.54 bp	8.8 bp −$9	12.5 bp −$125	25.2 bp −$2,522	33.1 bp −$16.6K
Sell SoDEX live order book, 4 min ago	0.54 bp	18.8 bp −$19	96.3 bp −$963	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	−0.0612%	1h	92.700	+0.011%	$198K	$366K	15x	as long as short
Aster CLUSD1	−0.0333%	4h	92.767	+0.083%	$23.9M	$74.7M	20x	as long as short
GRVT CL_USDT_Perp	−0.0310%	4h	92.743	+0.057%	$50K	$632K	25x	as long as short
Binance CLUSDT	−0.0274%	4h	92.740	+0.054%	$244.5M	$994.3M	100x	as long as short
Variational Omni CL	−0.0266%	4h	92.741	+0.055%	$13.3M	$11.1M	—	as long as short
Gate CL_USDTlong	−0.0162%	8h	92.690	long leg	$20.9M	$53.0M	100x
tradeXYZ xyz:CL	−0.0069%	1h	92.736	+0.050%	$185.2M	$225.1M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0067%	1h	92.760	+0.076%	$3.5M	$5.8M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.030	−0.712%	$399K	$939K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.778	+0.095%	$275K	$870K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WTI-PERP	−0.0037%	1h	92.793	+0.111%	$935K	$678K	10x	as long as short
QFEX CL-USD	−0.0033%	1h	92.730	+0.043%	$2.5M	$1.7M	10x	as long as short
OKX CL-USDT-SWAP	−0.0011%	4h	92.750	+0.065%	$42.8M	$106.3M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.754	+0.069%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.760	+0.076%	$26.3M	$83.1M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.734	+0.047%	$42.0M	$45.8M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.790	+0.108%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.745	+0.059%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.307	−0.413%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	92.780	+0.097%	$2.1M	$25.1M	10x	as long as short
Paradex CL-USD-PERP	+0.0023%	8h	92.736	+0.050%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.745	+0.059%	$11.2M	$10.1M	20x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.870	+0.194%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.350	−0.367%	$726K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.770	+0.086%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.756	+0.071%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USDshort	+0.0050%	1h	92.735	+0.049%	$2.1M	$61K	20x
Aftermath Perps WTIUSD	+0.0053%	1h	92.758	+0.073%	$2K	$28K	5x	as long as short
edgeX CLUSDC	+0.0069%	4h	92.761	+0.077%	$533K	$297K	30x	as long as short
KuCoin CLUSDTM	+0.0070%	4h	92.758	+0.073%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.754	+0.069%	$331K	$616K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.800	+0.119%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.724	+0.037%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.735	+0.049%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.93	+9.972%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0228%	4h	92.730	+0.043%	$4.0M	$1.2M	50x	as long as short