Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.009%

Price spread now: KuCoin against Polymarket Perps+0.030%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$330.330% of the position

Long on Polymarket Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$3 on $10k

Price spread, last 7 days+0.053%+$5 · spread now +0.030%, 7d avg +0.037%

Together, before fees+0.018%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.037%, 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	Polymarket Perps WTIOIL-USD	90.291	0.0050	pay 0.0006% / 1h	7m 45s	$1.6M	$1.3M	20x
Short	KuCoin CLUSDTM	90.318	0.0100	get 0.0050% / 4h	2h 07m	$6.8M	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Polymarket Perps. 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 Polymarket PerpsbpFee KuCoinbpOrdersPrice spread, now +0.030%Rate

Funding earned: $10.5
Price spread: +0.030% → +0.037%: −$0.71
Slippage, 4 orders: −$13.05
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$23.26
Costs to cover: 0.330%
Break-even: 22.5 days

Slippage from Polymarket Perps: live order book, 4 min ago; KuCoin: live order book, 3 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 Polymarket Perps live order book, 4 min ago	1.49 bp	8.8 bp −$9	11.2 bp −$112	14.9 bp −$1,486	doesn't fit
Sell KuCoin live order book, 3 min ago	1.82 bp	10.3 bp −$10	doesn't fit	doesn't fit	doesn't fit

CL on 36 exchanges

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	−0.0366%	1h	90.307	+0.017%	$306K	$1.3M	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0303%	1h	90.320	+0.032%	$181K	$422K	15x	as long as short
Aster CLUSD1	−0.0157%	4h	90.305	+0.016%	$24.6M	$67.0M	20x	as long as short
Bitget CLUSDT	−0.0110%	4h	90.266	−0.028%	$41.1M	$49.4M	100x	as long as short
Binance CLUSDT	−0.0104%	4h	90.300	+0.010%	$246.1M	$1.11B	100x	as long as short
Ondo Perps WTI-USD.P	−0.0082%	1h	90.250	−0.045%	$3.4M	$5.7M	20x	as long as short
Variational Omni CL	−0.0082%	4h	90.495	+0.226%	$12.9M	$11.1M	—	as long as short
Nado WTI-PERP	−0.0078%	1h	90.349	+0.064%	$874K	$668K	10x	as long as short
Extended WTI-USD	−0.0072%	1h	90.270	−0.023%	$1.4M	$13.4M	10x	as long as short
Gate CL_USDT	−0.0064%	8h	90.240	−0.056%	$23.3M	$54.6M	100x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0056%	1h	90.250	−0.045%	$173.7M	$208.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0054%	4h	90.509	+0.242%	$70K	$616K	25x	as long as short
edgeX CLUSDC	−0.0040%	4h	90.482	+0.211%	$506K	$378K	30x	as long as short
Aftermath Perps WTIUSD	−0.0032%	1h	90.586	+0.327%	$1K	$27K	5x	as long as short
QFEX CL-USD	−0.0023%	1h	90.330	+0.043%	$2.2M	$2.8M	10x	as long as short
OKX CL-USDT-SWAP	−0.0016%	4h	90.320	+0.032%	$40.9M	$118.8M	50x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.964	−0.362%	$1K	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	90.336	+0.050%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	90.290	−0.001%	$27.0M	$96.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.354	+0.070%	$2.9M	$3.0M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	90.326	+0.039%	$17K	$238K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0008%	1h	90.270	−0.023%	$430K	$1.3M	15x	as long as short
Paradex CL-USD-PERP	+0.0018%	8h	90.273	−0.019%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	90.115	−0.195%	$10.8M	$9.9M	20x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	100.27	+11.050%	$19K	$5K	30x	as long as short
StandX CL-USD	+0.0040%	1h	90.300	+0.010%	$702K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	90.300	+0.010%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USDlong	+0.0050%	1h	90.291	long leg	$1.6M	$1.3M	20x
SoDEX CL-USD	+0.0050%	1h	90.350	+0.065%	$2.0M	$80K	20x	as long as short
Phoenix WTIOIL	+0.0053%	1h	90.450	+0.176%	$36K	$37K	20x	as long as short
Pacifica CL	+0.0100%	1h	90.270	−0.023%	$305K	$717K	10x	as long as short
KuCoin CLUSDTMshort	+0.0100%	4h	90.318	+0.030%	$6.8M	$2.8M	50x
ApeX Omni CLUSDT	+0.0100%	1h	90.530	+0.265%	$53K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	90.325	+0.038%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0218%	4h	90.320	+0.032%	$3.9M	$1.0M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0250% / S −0.0172%	1h	90.335	+0.049%	$80K	—	111x	as long as short