Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0041%/8h= +4.4% APRpaid last 24h +0.014%

Price spread now: KuCoin against RISEx−0.140%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$260.260% of the position

Long on RISEx Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.054%−$5 on $10k

Price spread, last 7 days+0.119%+$12 · spread now −0.140%, 7d avg −0.028%

Together, before fees+0.066%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.112% cheaper against RISEx than usual: you would sell low and buy high (spread −0.140% now, against its 7-day average of −0.028%). If the spread goes back, that is −$11 on $10k: about 9.2 days of funding at the current rate (+$1 a day). Mind the row above: over the last 3 days funding on this pair cost −0.054%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx CL/USDC	92.867	0.0037	pay 0.0005% / 1h	59m 30s	$3.3M	$2.7M	20x
Short	KuCoin CLUSDTM	92.737	0.0078	get 0.0039% / 4h	2h 59m	$7.2M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against RISEx. 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 RISExbpFee KuCoinbpOrdersPrice spread, now −0.140%Rate

Funding earned: $8.51
Price spread: −0.140% → −0.028%: −$11.18
Slippage, 4 orders: −$7.95
Fee RISEx: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$28.63
Costs to cover: 0.260%
Break-even: 30.6 days

Slippage from RISEx: 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 RISEx live order book, 4 min ago	0.22 bp	3.2 bp −$3	4.0 bp −$40	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	1.19 bp	11.0 bp −$11	doesn't fit	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
GRVT CL_USDT_Perp	−0.0342%	4h	92.660	−0.223%	$58K	$630K	25x	as long as short
Aster CLUSD1	−0.0338%	4h	92.786	−0.087%	$24.0M	$75.0M	20x	as long as short
Binance CLUSDT	−0.0283%	4h	92.820	−0.050%	$244.9M	$1.02B	100x	as long as short
Variational Omni CL	−0.0273%	4h	92.659	−0.224%	$13.3M	$11.4M	—	as long as short
Gate CL_USDT	−0.0190%	8h	92.670	−0.212%	$21.2M	$52.0M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0119%	1h	92.735	−0.142%	$275K	$912K	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0073%	1h	92.720	−0.158%	$123K	$274K	15x	as long as short
Nado WTI-PERP	−0.0050%	1h	92.804	−0.067%	$935K	$699K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.901%	$399K	$956K	15x	as long as short
QFEX CL-USD	−0.0040%	1h	92.740	−0.137%	$2.5M	$1.7M	10x	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	−0.0005%	4h	92.800	−0.072%	$42.9M	$108.4M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.742	−0.135%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.810	−0.061%	$26.4M	$87.6M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.806	−0.066%	$42.2M	$47.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.740	−0.137%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.810	−0.062%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.271	−0.642%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0013%	8h	92.685	−0.195%	$15K	$367	5x	as long as short
tradeXYZ xyz:CL	+0.0015%	1h	92.809	−0.062%	$186.6M	$234.4M	20x	as long as short
Extended WTI-USD	+0.0016%	1h	92.790	−0.083%	$2.3M	$25.5M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0030%	1h	92.680	−0.201%	$3.5M	$5.9M	20x	as long as short
Lighter WTI	+0.0032%	1h	92.734	−0.143%	$11.2M	$9.9M	20x	as long as short
edgeX CLUSDC	+0.0035%	4h	92.691	−0.189%	$533K	$300K	30x	as long as short
RISEx CL/USDClong	+0.0037%	1h	92.867	long leg	$3.3M	$2.7M	20x
StandX CL-USD	+0.0040%	1h	92.390	−0.513%	$723K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.800	−0.072%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.814	−0.057%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.716	−0.162%	$2.1M	$59K	20x	as long as short
KuCoin CLUSDTMshort	+0.0078%	4h	92.737	−0.140%	$7.2M	$2.3M	50x
Pacifica CL	+0.0100%	1h	92.735	−0.142%	$355K	$605K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.780	−0.094%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.687	−0.193%	$4K	—	10x	as long as short
Aftermath Perps WTIUSD	+0.0118%	1h	92.704	−0.175%	$2K	$28K	5x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.715	−0.163%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.69	+9.501%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0238%	4h	92.660	−0.223%	$4.0M	$1.2M	50x	as long as short