Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0136%/8h= −14.9% APRpaid last 24h −0.034%

Price spread now: gTrade (Gains Network) against KuCoin−0.495%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and gTrade (Gains Network) is 0.495% cheaper against KuCoin than usual: you would sell low and buy high (−$50 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CLUSDTM	93.114	0.0100	pay 0.0050% / 4h	3m 37s	$7.0M	$2.4M	50x
Short	gTrade (Gains Network) WTI/USD	92.653	L 0.0000% / S +0.0036%	pay 0.0004% / 1h	3m 37s	$5K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.495%Rate

Funding earned: −$28.5
Price spread: −0.495% → 0.000%: −$49.51
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Net: −$98.01
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 min ago; gTrade (Gains Network): no order-book sample. 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 KuCoin live order book, 4 min ago	1.61 bp	9.2 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0609%	1h	93.040	−0.079%	$194K	$398K	15x	as long as short
Aster CLUSD1	−0.0252%	4h	93.121	+0.008%	$24.8M	$62.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0218%	4h	93.231	+0.125%	$75K	$634K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0210%	1h	93.097	−0.018%	$273K	$924K	25x	as long as short
Binance CLUSDT	−0.0140%	4h	93.081	−0.035%	$246.4M	$923.1M	100x	as long as short
Gate CL_USDT	−0.0138%	8h	93.010	−0.112%	$23.2M	$50.8M	100x	as long as short
Variational Omni CL	−0.0130%	4h	93.192	+0.084%	$13.6M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0109%	1h	93.206	+0.099%	$954K	$613K	10x	as long as short
Bitget CLUSDT	−0.0100%	4h	93.080	−0.037%	$42.2M	$41.5M	100x	as long as short
Aftermath Perps WTIUSD	−0.0084%	1h	93.155	+0.045%	$1K	$26K	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	−0.0067%	4h	93.090	−0.026%	$42.6M	$103.1M	50x	as long as short
edgeX CLUSDC	−0.0042%	4h	93.256	+0.153%	$525K	$324K	30x	as long as short
QFEX CL-USD	−0.0038%	1h	93.090	−0.026%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CL	−0.0016%	1h	93.104	−0.011%	$184.3M	$196.5M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.458%	$405K	$810K	15x	as long as short
Lighter WTI	−0.0008%	1h	93.077	−0.040%	$11.2M	$9.2M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0002%	1h	93.080	−0.037%	$3.6M	$5.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.133	+0.021%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.100	−0.015%	$27.0M	$79.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.110	−0.004%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.240	+0.135%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.053	−0.065%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USDshort	L 0.0000% / S +0.0036%	1h	92.653	−0.495%	$5K	—	150x
Paradex CL-USD-PERP	+0.0011%	8h	93.063	−0.055%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.110	−0.004%	$1.7M	$15.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.210	+0.103%	$736K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.130	+0.017%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.093	−0.023%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.075	−0.042%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.099	−0.016%	$347K	$589K	10x	as long as short
KuCoin CLUSDTMlong	+0.0100%	4h	93.114	long leg	$7.0M	$2.4M	50x
ApeX Omni CLUSDT	+0.0100%	1h	93.290	+0.189%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.056	−0.063%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0168%	4h	93.180	+0.071%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.687%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0261% / S −0.0179%	1h	93.085	−0.031%	$90K	—	111x	as long as short