Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0071%/8h= −7.7% APRpaid last 24h −0.047%

Price spread now: Gate against Vest−0.130%7-day average +0.830% · you buy dearer than you sell

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

Long on Vest Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.150%−$15 on $10k

Price spread, last 3 days (all we have)+0.246%+$25 · spread now −0.130%, 7d avg +0.830%

Together, before fees+0.096%+ Points / potential airdropVest: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.961% cheaper against Vest than usual: you would sell low and buy high (−$96 if the spread goes back to its 7-day average of +0.830%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest CL-PERP	92.130	0.0046	pay 0.0006% / 1h	42m 14s	—	$308K	10x
Short	Gate CL_USDT	92.010	−0.0025	pay 0.0025% / 8h	42m 14s	$21.3M	$57.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Vest. 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 VestbpFee GatebpOrdersPrice spread, now −0.130%Rate

Funding earned: −$14.84
Price spread: −0.130% → +0.830%: −$96.07
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$127.92
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Gate: live order book, 2 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell Gate live order book, 2 min ago	0.54 bp	9.0 bp −$9	12.8 bp −$128	30.9 bp −$3,088	37.1 bp −$18.6K

Vest: 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
Kraken Futures PF_WTIOILUSD	−0.0450%	1h	92.096	−0.037%	$275K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0304%	4h	92.024	−0.115%	$58K	$702K	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0293%	1h	92.080	−0.054%	$96K	$189K	15x	as long as short
Aster CLUSD1	−0.0230%	4h	92.100	−0.033%	$24.0M	$77.6M	20x	as long as short
Nado WTI-PERP	−0.0177%	1h	92.152	+0.024%	$924K	$741K	10x	as long as short
Binance CLUSDT	−0.0154%	4h	92.070	−0.065%	$245.3M	$1.10B	100x	as long as short
Lighter WTI	−0.0128%	1h	92.064	−0.072%	$11.1M	$10.9M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0126%	1h	92.080	−0.054%	$3.5M	$6.4M	20x	as long as short
Variational Omni CL	−0.0123%	4h	91.994	−0.148%	$13.4M	$12.7M	—	as long as short
tradeXYZ xyz:CL	−0.0109%	1h	92.088	−0.046%	$185.8M	$275.8M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex CL-USD-PERP	−0.0107%	8h	92.058	−0.078%	$15K	$367	5x	as long as short
Bullet WTIOIL-USD	−0.0074%	1h	92.073	−0.062%	$18K	$241K	10x	as long as short
QFEX CL-USD	−0.0054%	1h	92.050	−0.087%	$2.4M	$2.6M	10x	as long as short
Gate CL_USDTshort	−0.0025%	8h	92.010	−0.130%	$21.3M	$57.6M	100x
Pacifica CL	−0.0020%	1h	92.092	−0.041%	$332K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	−0.024%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.090	−0.043%	$25.5M	$94.9M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.080	−0.054%	$43.0M	$113.0M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.194	+0.070%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.058	−0.078%	$41.9M	$51.8M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.070	−0.065%	$37K	$101K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.109%	$399K	$984K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.649	−0.522%	$4K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	92.120	−0.011%	$2.0M	$27.5M	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0028%	1h	92.074	−0.061%	$1.6M	$1.4M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.100	−0.033%	$721K	$3.1M	40x	as long as short
Vest CL-PERPlong	+0.0046%	1h	92.130	long leg	—	$308K	10x
SoDEX CL-USD	+0.0050%	1h	92.075	−0.060%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0059%	4h	92.037	−0.101%	$529K	$336K	30x	as long as short
Aftermath Perps WTIUSD	+0.0068%	1h	92.083	−0.051%	$2K	$29K	5x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.076	−0.059%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.150	+0.022%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.058	−0.079%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	92.065	−0.071%	$76K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.28	+9.926%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.070	−0.065%	$4.0M	$1.4M	50x	as long as short