Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0014%/8h= −1.5% APRpaid last 24h +0.016%

Price spread now: KuCoin against Vest−0.043%50s7-day average +0.872% · you buy dearer than you sell

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

Long on Vest Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.051%+$5 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.043%, 7d avg +0.872%

Together, before fees+0.137%+ Points / potential airdropVest: Active · farm board+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and KuCoin is 0.915% cheaper against Vest than usual: you would sell low and buy high (−$91 if the spread goes back to its 7-day average of +0.872%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.051%, so the current rate has only just turned against you. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest CL-PERP	92.900	0.0046	pay 0.0006% / 1h	24m 31s	—	$310K	10x
Short	KuCoin CLUSDTM	92.860	0.0032	get 0.0016% / 4h	1h 24m	$7.3M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$2.87
Price spread: −0.043% → +0.872%: −$91.49
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$108.36
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago	1.40 bp	9.1 bp −$9	doesn't fit	doesn't fit	doesn't fit

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
Deribit WTIOIL_USDC-PERPETUAL	−0.0503%	1h	92.860	−0.043%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0252%	4h	92.820	−0.086%	$23.9M	$68.4M	20x	as long as short
GRVT CL_USDT_Perp	−0.0236%	4h	92.878	−0.024%	$61K	$625K	25x	as long as short
Binance CLUSDT	−0.0207%	4h	92.810	−0.097%	$244.4M	$952.4M	100x	as long as short
Variational Omni CL	−0.0202%	4h	92.856	−0.047%	$13.6M	$11.1M	—	as long as short
Ondo Perps WTI-USD.P	−0.0167%	1h	92.760	−0.151%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0154%	1h	92.866	−0.036%	$961K	$660K	10x	as long as short
Gate CL_USDT	−0.0087%	8h	92.770	−0.140%	$20.9M	$52.6M	100x	as long as short
edgeX CLUSDC	−0.0079%	4h	92.903	+0.003%	$529K	$301K	30x	as long as short
tradeXYZ xyz:CL	−0.0068%	1h	92.817	−0.089%	$184.5M	$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	92.810	−0.097%	$42.8M	$102.0M	50x	as long as short
Aftermath Perps WTIUSD	−0.0050%	1h	92.887	−0.014%	$2K	$27K	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.161%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.780	−0.129%	$2.5M	$1.7M	10x	as long as short
Extended WTI-USD	−0.0032%	1h	92.850	−0.054%	$2.1M	$22.6M	10x	as long as short
Lighter WTI	0.0000%	1h	92.818	−0.088%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.845	−0.060%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.820	−0.086%	$26.7M	$81.1M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.805	−0.102%	$41.9M	$43.3M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.910	+0.011%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.879	−0.023%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.454	−0.480%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0017%	8h	92.797	−0.111%	$16K	$367	5x	as long as short
KuCoin CLUSDTMshort	+0.0032%	4h	92.860	−0.043%	$7.3M	$2.3M	50x
StandX CL-USD	+0.0040%	1h	92.430	−0.506%	$727K	$2.9M	40x	as long as short
Vest CL-PERPlong	+0.0046%	1h	92.900	long leg	—	$310K	10x
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.889	−0.012%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.884	−0.017%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	92.903	+0.003%	$3.1M	$2.9M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.815	−0.091%	$331K	$619K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.980	+0.086%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.846	−0.058%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.901	+0.001%	$273K	$872K	25x	as long as short
BloFin CL-USDT	+0.0185%	4h	92.880	−0.022%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.885	−0.016%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.95	+9.746%	$19K	$11K	30x	as long as short