Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.015%

Price spread now: KuCoin against SoDEX+0.029%7-day average +0.023% · 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−$56as in the Price arb table

costs, in and out, $10k−$570.571% of the position

Long on SoDEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.349%+$35 · spread now +0.029%, 7d avg +0.023%

Together, before fees+0.350%+$35 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX CL-USD	92.837	0.0050	pay 0.0006% / 1h	23m 52s	$2.1M	$61K	20x
Short	KuCoin CLUSDTM	92.864	0.0030	get 0.0015% / 4h	1h 23m	$7.3M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SoDEX. 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 SoDEXbpFee KuCoinbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$4.2
Price spread: +0.029% → +0.023%: $0.66
Slippage, 4 orders: −$37.09
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$60.63
Costs to cover: 0.571%
Break-even: never at this rate

Slippage from SoDEX: live order book, 5 min ago; KuCoin: live order book, 4 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 SoDEX live order book, 5 min ago	0.54 bp	19.9 bp −$20	85.1 bp −$851	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	1.40 bp	9.1 bp −$9	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0504%	1h	92.820	−0.018%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0252%	4h	92.870	+0.036%	$23.9M	$68.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0236%	4h	92.878	+0.044%	$61K	$625K	25x	as long as short
Binance CLUSDT	−0.0207%	4h	92.915	+0.084%	$244.7M	$952.5M	100x	as long as short
Variational Omni CL	−0.0202%	4h	92.856	+0.020%	$13.6M	$11.1M	—	as long as short
Ondo Perps WTI-USD.P	−0.0167%	1h	92.760	−0.083%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0154%	1h	92.866	+0.031%	$961K	$660K	10x	as long as short
Gate CL_USDT	−0.0087%	8h	92.860	+0.025%	$20.9M	$52.6M	100x	as long as short
edgeX CLUSDC	−0.0079%	4h	92.903	+0.071%	$529K	$301K	30x	as long as short
tradeXYZ xyz:CL	−0.0067%	1h	92.854	+0.018%	$184.6M	$217.2M	20x	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	−0.0059%	4h	92.910	+0.079%	$42.8M	$102.2M	50x	as long as short
Aftermath Perps WTIUSD	−0.0050%	1h	92.872	+0.037%	$2K	$27K	5x	as long as short
Extended WTI-USD	−0.0040%	1h	92.910	+0.079%	$2.1M	$22.6M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.094%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.780	−0.061%	$2.5M	$1.7M	10x	as long as short
Lighter WTI	0.0000%	1h	92.849	+0.013%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.845	+0.008%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.930	+0.100%	$26.7M	$81.2M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.913	+0.082%	$42.0M	$43.3M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.910	+0.079%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.829	−0.009%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.410	−0.460%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0017%	8h	92.797	−0.043%	$16K	$367	5x	as long as short
KuCoin CLUSDTMshort	+0.0030%	4h	92.864	+0.029%	$7.3M	$2.3M	50x
StandX CL-USD	+0.0040%	1h	92.430	−0.438%	$727K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.850	+0.014%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.814	−0.025%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USDlong	+0.0050%	1h	92.837	long leg	$2.1M	$61K	20x
RISEx CL/USDC	+0.0066%	1h	92.903	+0.071%	$3.1M	$2.9M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.815	−0.024%	$331K	$619K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.980	+0.154%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.813	−0.026%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.855	+0.020%	$273K	$872K	25x	as long as short
BloFin CL-USDT	+0.0185%	4h	92.880	+0.046%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.845	+0.009%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.95	+9.820%	$19K	$11K	30x	as long as short