Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0062%/8h= −6.7% APRpaid last 24h −0.034%

Price spread now: Ondo Perps against KuCoin−0.059%7-day average −0.079% · you buy dearer than you sell

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

Long on KuCoin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 7 days−0.180%−$18 · spread now −0.059%, 7d avg −0.079%

Together, before fees−0.211%+ Points / potential airdropOndo Perps: Active · farm board−$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.079%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CLUSDTM	92.905	−0.0028	get 0.0014% / 4h	9m 56s	$7.1M	$2.4M	50x
Short	Ondo Perps WTI-USD.P	92.850	−0.0090	pay 0.0011% / 1h	9m 56s	$3.5M	$5.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.059%Rate

Funding earned: −$12.94
Price spread: −0.059% → −0.079%: $2
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$27.94
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 8 min ago; Ondo Perps: 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, 8 min ago	1.99 bp	9.1 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0718%	1h	92.860	−0.048%	$198K	$370K	15x	as long as short
Aster CLUSD1	−0.0270%	4h	92.930	+0.027%	$24.0M	$66.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0242%	4h	93.000	+0.103%	$64K	$648K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0196%	1h	92.911	+0.006%	$273K	$874K	25x	as long as short
Binance CLUSDT	−0.0188%	4h	92.911	+0.006%	$244.6M	$945.4M	100x	as long as short
Variational Omni CL	−0.0179%	4h	92.888	−0.018%	$13.5M	$10.8M	—	as long as short
Bitget CLUSDT	−0.0126%	4h	92.901	−0.004%	$42.0M	$43.7M	100x	as long as short
tradeXYZ xyz:CL	−0.0113%	1h	92.906	+0.001%	$187.8M	$217.7M	20x	as long as short
Aftermath Perps WTIUSD	−0.0103%	1h	92.965	+0.065%	$2K	$26K	5x	as long as short
Ondo Perps WTI-USD.Pshort	−0.0090%	1h	92.850	−0.059%	$3.5M	$5.4M	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0076%	4h	93.007	+0.110%	$530K	$301K	30x	as long as short
OKX CL-USDT-SWAP	−0.0055%	4h	92.900	−0.005%	$42.4M	$102.7M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.167%	$402K	$944K	15x	as long as short
Gate CL_USDT	−0.0047%	8h	92.850	−0.059%	$20.8M	$52.2M	100x	as long as short
QFEX CL-USD	−0.0043%	1h	92.900	−0.005%	$2.3M	$1.8M	10x	as long as short
Nado WTI-PERP	−0.0029%	1h	92.953	+0.052%	$963K	$648K	10x	as long as short
KuCoin CLUSDTMlong	−0.0028%	4h	92.905	long leg	$7.1M	$2.4M	50x
Lighter WTI	0.0000%	1h	92.906	+0.001%	$11.2M	$10.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.937	+0.034%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.903	−0.002%	$26.7M	$80.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.960	+0.059%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.950	+0.048%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.909	+0.004%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.472	−0.466%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0008%	8h	92.875	−0.032%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	92.955	+0.054%	$2.0M	$20.3M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.900	−0.005%	$734K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.920	+0.016%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.901	−0.004%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.901	−0.004%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	92.898	−0.008%	$330K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.030	+0.135%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.873	−0.035%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0186%	4h	92.930	+0.027%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0216% / S −0.0144%	1h	92.905	0.000%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.25	+10.060%	$19K	$11K	30x	as long as short