Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.007%

Price spread now: RISEx against KuCoin+0.041%7-day average +0.030% · 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−$28as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on KuCoin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.056%+$6 on $10k

Price spread, last 7 days−0.061%−$6 · spread now +0.041%, 7d avg +0.030%

Together, before fees−0.005%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CLUSDTM	93.248	−0.0004	get 0.0002% / 4h	3h 37m	$7.1M	$2.4M	50x
Short	RISEx CL/USDC	93.286	0	get 0.0000% / 1h	37m 00s	$3.1M	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0.84
Price spread: +0.041% → +0.030%: $1.15
Slippage, 4 orders: −$11.61
Fee KuCoin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$27.61
Costs to cover: 0.296%
Break-even: 237.1 days

Slippage from KuCoin: live order book, 1 min ago; RISEx: live order book, 2 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, 1 min ago	0.32 bp	8.2 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 2 min ago	1.29 bp	6.2 bp −$6	8.1 bp −$81	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	−0.0608%	1h	93.200	−0.051%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0261%	4h	93.250	+0.002%	$24.1M	$66.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0242%	4h	93.289	+0.044%	$54K	$645K	25x	as long as short
Binance CLUSDT	−0.0173%	4h	93.239	−0.009%	$245.5M	$941.9M	100x	as long as short
Variational Omni CL	−0.0159%	4h	93.269	+0.022%	$13.4M	$10.9M	—	as long as short
Nado WTI-PERP	−0.0128%	1h	93.281	+0.036%	$965K	$635K	10x	as long as short
Bitget CLUSDT	−0.0124%	4h	93.236	−0.013%	$42.0M	$43.3M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0118%	1h	93.170	−0.084%	$3.5M	$5.4M	20x	as long as short
Aftermath Perps WTIUSD	−0.0113%	1h	93.231	−0.018%	$2K	$27K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.224	−0.025%	$277K	$955K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0055%	4h	93.319	+0.076%	$525K	$306K	30x	as long as short
Gate CL_USDT	−0.0055%	8h	93.170	−0.084%	$21.1M	$51.1M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.190	−0.062%	$401K	$927K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.200	−0.051%	$2.3M	$1.8M	10x	as long as short
OKX CL-USDT-SWAP	−0.0031%	4h	93.230	−0.019%	$42.6M	$103.0M	50x	as long as short
tradeXYZ xyz:CL	−0.0013%	1h	93.244	−0.004%	$184.6M	$217.8M	20x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.260	+0.013%	$37K	$41K	20x	as long as short
KuCoin CLUSDTMlong	−0.0004%	4h	93.248	long leg	$7.1M	$2.4M	50x
dYdX WTI-USD	0.0000%	1h	93.263	+0.016%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.250	+0.002%	$26.9M	$80.7M	150x	as long as short
RISEx CL/USDCshort	0.0000%	1h	93.286	+0.041%	$3.1M	$2.9M	20x
Bullet WTIOIL-USD	0.0000%	1h	93.231	−0.018%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.793	−0.488%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0018%	8h	93.211	−0.039%	$16K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	93.226	−0.024%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0024%	1h	93.280	+0.034%	$2.0M	$19.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.100	−0.159%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.250	+0.002%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.228	−0.021%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.230	−0.019%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.223	−0.026%	$331K	$597K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.320	+0.077%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.189	−0.063%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0209%	4h	93.210	−0.041%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.51	+9.933%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0220% / S −0.0148%	1h	93.235	−0.014%	$81K	—	111x	as long as short