Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0129%/8h= −14.1% APRpaid last 24h −0.034%

Price spread now: edgeX against Aevo−0.048%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and edgeX is 0.048% cheaper against Aevo than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo WTIOIL-PERP	92.792	0.0104	pay 0.0013% / 1h	33m 28s	$4K	—	10x
Short	edgeX CLUSDC	92.747	−0.0025	pay 0.0012% / 4h	1h 33m	$528K	$302K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Aevo. 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 AevobpFee edgeXbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$27.01
Price spread: −0.048% → 0.000%: −$4.79
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$56.79
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; edgeX: live order book, 30 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 Aevo no order-book sample	—	—	—	—	—
Sell edgeX live order book, 30 min ago	10.13 bp	14.6 bp −$15	14.9 bp −$149	21.5 bp −$2,152	doesn't fit

Aevo: 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	−0.0612%	1h	92.730	−0.066%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0249%	4h	92.820	+0.031%	$23.9M	$68.8M	20x	as long as short
GRVT CL_USDT_Perp	−0.0232%	4h	92.738	−0.058%	$61K	$625K	25x	as long as short
Binance CLUSDT	−0.0210%	4h	92.840	+0.052%	$244.9M	$955.8M	100x	as long as short
Variational Omni CL	−0.0204%	4h	92.697	−0.102%	$13.5M	$11.1M	—	as long as short
Ondo Perps WTI-USD.P	−0.0170%	1h	92.760	−0.034%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0149%	1h	92.835	+0.047%	$961K	$664K	10x	as long as short
Gate CL_USDT	−0.0091%	8h	92.770	−0.023%	$20.9M	$52.5M	100x	as long as short
tradeXYZ xyz:CL	−0.0069%	1h	92.842	+0.054%	$184.6M	$218.3M	20x	as long as short
OKX CL-USDT-SWAP	−0.0045%	4h	92.820	+0.031%	$42.8M	$102.0M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSD	−0.0040%	1h	92.810	+0.020%	$2K	$27K	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.045%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.800	+0.009%	$2.5M	$1.7M	10x	as long as short
edgeX CLUSDCshort	−0.0025%	4h	92.747	−0.048%	$528K	$302K	30x
Extended WTI-USD	−0.0008%	1h	92.810	+0.020%	$2.1M	$22.8M	10x	as long as short
Lighter WTI	0.0000%	1h	92.771	−0.022%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.761	−0.032%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.834	+0.046%	$26.4M	$81.3M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.853	+0.066%	$41.9M	$43.3M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.790	−0.002%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.835	+0.047%	$18K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.398	−0.424%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0018%	8h	92.760	−0.034%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.460	−0.357%	$727K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.830	+0.041%	—	$310K	10x	as long as short
KuCoin CLUSDTM	+0.0046%	4h	92.786	−0.006%	$7.3M	$2.3M	50x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.840	+0.052%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.757	−0.037%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	92.941	+0.161%	$3.3M	$2.7M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.765	−0.028%	$331K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.830	+0.041%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERPlong	+0.0104%	1h	92.792	long leg	$4K	—	10x
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.767	−0.026%	$273K	$872K	25x	as long as short
BloFin CL-USDT	+0.0204%	4h	92.740	−0.056%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.835	+0.047%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.95	+9.874%	$19K	$11K	30x	as long as short