CL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.032%

Price spread now: Bitget against KuCoin−0.045%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.262%−$26 on $10k

Price spread, last 7 days+0.005%$0 · spread now −0.045%, 7d avg −0.012%

Together, before fees−0.257%−$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.033% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.012%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CLUSDTM	92.134	0.0100	pay 0.0050% / 4h	39m 08s	$7.3M	$2.1M	50x
Short	Bitget CLUSDT	92.093	0	get 0.0000% / 4h	39m 08s	$42.0M	$51.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$21
Price spread: −0.045% → −0.012%: −$3.28
Slippage, 4 orders: −$9.25
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$57.53
Costs to cover: 0.332%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Bitget: live order book, 5 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 KuCoin live order book, 4 min ago	1.68 bp	9.7 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	0.44 bp	7.2 bp −$7	8.3 bp −$83	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
Kraken Futures PF_WTIOILUSD	−0.0450%	1h	92.157	+0.025%	$274K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0314%	4h	92.040	−0.102%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0235%	4h	92.112	−0.024%	$24.0M	$77.4M	20x	as long as short
Nado WTI-PERP	−0.0168%	1h	92.133	−0.001%	$924K	$740K	10x	as long as short
Binance CLUSDT	−0.0159%	4h	92.110	−0.026%	$245.4M	$1.10B	100x	as long as short
Variational Omni CL	−0.0138%	4h	92.053	−0.087%	$13.4M	$12.4M	—	as long as short
Lighter WTI	−0.0120%	1h	92.096	−0.041%	$11.2M	$10.9M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0107%	1h	92.080	−0.059%	$3.5M	$6.3M	20x	as long as short
Paradex CL-USD-PERP	−0.0101%	8h	92.067	−0.073%	$15K	$367	5x	as long as short
tradeXYZ xyz:CL	−0.0088%	1h	92.122	−0.013%	$187.1M	$274.7M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WTIOIL_USDC-PERPETUAL	−0.0076%	1h	92.120	−0.015%	$96K	$189K	15x	as long as short
QFEX CL-USD	−0.0054%	1h	92.070	−0.069%	$2.4M	$2.6M	10x	as long as short
Bullet WTIOIL-USD	−0.0052%	1h	92.107	−0.029%	$18K	$241K	10x	as long as short
Gate CL_USDT	−0.0027%	8h	92.060	−0.080%	$21.3M	$57.6M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.103	−0.033%	$332K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	−0.029%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.140	+0.007%	$25.6M	$94.8M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.110	−0.026%	$43.0M	$112.9M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.201	+0.073%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDTshort	0.0000%	4h	92.093	−0.045%	$42.0M	$51.7M	100x
Phoenix WTIOIL	0.0000%	1h	92.120	−0.015%	$37K	$101K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.113%	$399K	$966K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.669	−0.505%	$4K	—	150x	as long as short
Extended WTI-USD	+0.0016%	1h	92.145	+0.012%	$2.0M	$27.5M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.130	−0.004%	$721K	$3.1M	40x	as long as short
Polymarket Perps WTIOIL-USD	+0.0043%	1h	92.089	−0.049%	$1.6M	$1.4M	20x	as long as short
Vest CL-PERP	+0.0046%	1h	92.130	−0.004%	—	$308K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.105	−0.031%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0059%	4h	92.084	−0.054%	$529K	$332K	30x	as long as short
Aftermath Perps WTIUSD	+0.0086%	1h	92.085	−0.053%	$2K	$29K	5x	as long as short
KuCoin CLUSDTMlong	+0.0100%	4h	92.134	long leg	$7.3M	$2.1M	50x
ApeX Omni CLUSDT	+0.0100%	1h	92.070	−0.069%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.077	−0.062%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.105	−0.031%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.28	+9.921%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.090	−0.048%	$4.0M	$1.4M	50x	as long as short