Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0008%/8h= +0.8% APRpaid last 24h +0.008%

Price spread now: tradeXYZ against Gate+0.064%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$370.371% of the position

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.285%+$28 on $10k

Price spread, last 7 days+0.009%+$1 · spread now +0.064%, 7d avg +0.052%

Together, before fees+0.294%+ Points / potential airdroptradeXYZ: Active · farm board+$29 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CL_USDT	93.290	−0.0069	get 0.0069% / 8h	3h 04m	$21.4M	$51.6M	100x
Short	tradeXYZ xyz:CL	93.350	−0.0061	pay 0.0008% / 1h	4m 53s	$184.7M	$217.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.064%Rate

Funding earned: $1.6
Price spread: +0.064% → +0.052%: $1.24
Slippage, 4 orders: −$4.08
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$34.24
Costs to cover: 0.371%
Break-even: 157.0 days

Slippage from Gate: live order book, 4 min ago; tradeXYZ: 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	9.0 bp −$9	12.1 bp −$121	22.6 bp −$2,259	30.1 bp −$15.1K
Sell tradeXYZ live order book, 4 min ago	0.05 bp	9.4 bp −$9	10.0 bp −$100	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	−0.0500%	1h	93.320	+0.032%	$198K	$371K	15x	as long as short
GRVT CL_USDT_Perp	−0.0332%	4h	93.337	+0.051%	$58K	$654K	25x	as long as short
Aster CLUSD1	−0.0284%	4h	93.371	+0.087%	$24.3M	$65.8M	20x	as long as short
Binance CLUSDT	−0.0189%	4h	93.359	+0.074%	$246.5M	$939.9M	100x	as long as short
Variational Omni CL	−0.0175%	4h	93.319	+0.031%	$13.3M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0143%	1h	93.300	+0.011%	$2K	$26K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0128%	1h	93.280	−0.011%	$3.5M	$5.4M	20x	as long as short
Bitget CLUSDT	−0.0128%	4h	93.347	+0.061%	$42.0M	$43.2M	100x	as long as short
Nado WTI-PERP	−0.0108%	1h	93.399	+0.116%	$966K	$628K	10x	as long as short
edgeX CLUSDC	−0.0079%	4h	93.332	+0.045%	$525K	$306K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDTlong	−0.0069%	8h	93.290	long leg	$21.4M	$51.6M	100x
OKX CL-USDT-SWAP	−0.0065%	4h	93.350	+0.064%	$42.7M	$103.1M	50x	as long as short
tradeXYZ xyz:CLshort	−0.0061%	1h	93.350	+0.064%	$184.7M	$217.1M	20x
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.371	+0.087%	$282K	$961K	25x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.139%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.330	+0.043%	$2.3M	$2.0M	10x	as long as short
Paradex CL-USD-PERP	−0.0019%	8h	93.327	+0.040%	$16K	$367	5x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.370	+0.086%	$37K	$41K	20x	as long as short
Lighter WTI	0.0000%	1h	93.351	+0.065%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	+0.042%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.373	+0.089%	$26.9M	$80.0M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.408	+0.126%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.354	+0.069%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.904	−0.414%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0016%	1h	93.390	+0.107%	$2.0M	$18.3M	10x	as long as short
KuCoin CLUSDTM	+0.0020%	4h	93.378	+0.094%	$7.1M	$2.4M	50x	as long as short
StandX CL-USD	+0.0040%	1h	93.150	−0.150%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.360	+0.075%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.339	+0.053%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.350	+0.064%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.341	+0.055%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.320	+0.032%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.321	+0.034%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0175%	4h	93.350	+0.064%	$4.0M	$990K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.37	+9.734%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0225% / S −0.0152%	1h	93.345	+0.059%	$81K	—	111x	as long as short