Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0185%/8h= −20.3% APRpaid last 24h −0.036%

Price spread now: edgeX against ApeX Omni−0.046%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$700.695% of the position

Long on ApeX Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.439%−$44 on $10k

Price spread, last 4 days (all we have)+0.059%+$6 · spread now −0.046%, 7d avg −0.013%

Together, before fees−0.379%+ Points / potential airdropedgeX: Active · farm board−$38 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and edgeX is 0.033% cheaper against ApeX Omni than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni CLUSDT	93.380	0.0100	pay 0.0013% / 1h	33m 54s	$54K	$266K	50x
Short	edgeX CLUSDC	93.337	−0.0085	pay 0.0043% / 4h	2h 33m	$525K	$306K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against ApeX Omni. 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 ApeX OmnibpFee edgeXbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$38.91
Price spread: −0.046% → −0.013%: −$3.31
Slippage, 4 orders: −$50.54
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$111.76
Costs to cover: 0.695%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 13 min ago; edgeX: live order book, 15 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 ApeX Omni live order book, 13 min ago	8.57 bp	19.7 bp −$20	192.4 bp −$1,924	doesn't fit	doesn't fit
Sell edgeX live order book, 15 min ago	10.07 bp	14.6 bp −$15	14.7 bp −$147	21.3 bp −$2,126	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	−0.0714%	1h	93.300	−0.086%	$197K	$373K	15x	as long as short
GRVT CL_USDT_Perp	−0.0322%	4h	93.320	−0.064%	$58K	$640K	25x	as long as short
Aster CLUSD1	−0.0303%	4h	93.345	−0.037%	$24.4M	$65.5M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.341	−0.042%	$283K	$962K	25x	as long as short
Binance CLUSDT	−0.0192%	4h	93.310	−0.075%	$246.2M	$931.3M	100x	as long as short
Variational Omni CL	−0.0179%	4h	93.311	−0.074%	$13.3M	$10.8M	—	as long as short
Aftermath Perps WTIUSD	−0.0153%	1h	93.335	−0.048%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0134%	4h	93.294	−0.092%	$42.1M	$42.9M	100x	as long as short
Nado WTI-PERP	−0.0132%	1h	93.396	+0.017%	$966K	$619K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0124%	1h	93.280	−0.107%	$3.5M	$5.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDCshort	−0.0085%	4h	93.337	−0.046%	$525K	$306K	30x
tradeXYZ xyz:CL	−0.0076%	1h	93.316	−0.069%	$184.5M	$214.4M	20x	as long as short
Gate CL_USDT	−0.0073%	8h	93.250	−0.139%	$21.7M	$49.6M	100x	as long as short
OKX CL-USDT-SWAP	−0.0065%	4h	93.320	−0.064%	$42.6M	$102.5M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.236%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.320	−0.064%	$2.3M	$2.3M	10x	as long as short
Paradex CL-USD-PERP	−0.0001%	8h	93.326	−0.058%	$16K	$367	5x	as long as short
Lighter WTI	0.0000%	1h	93.348	−0.034%	$11.2M	$9.9M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.410	+0.032%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.340	−0.043%	$27.1M	$79.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.389	+0.010%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.360	−0.021%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.339	−0.044%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.907	−0.507%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	93.370	−0.011%	$2.0M	$17.5M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.340	−0.043%	$739K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.360	−0.021%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.344	−0.038%	$331K	$576K	10x	as long as short
KuCoin CLUSDTM	+0.0050%	4h	93.337	−0.046%	$7.1M	$2.4M	50x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.336	−0.047%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.335	−0.048%	$2.1M	$60K	20x	as long as short
ApeX Omni CLUSDTlong	+0.0100%	1h	93.380	long leg	$54K	$266K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	93.306	−0.079%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0178%	4h	93.330	−0.054%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.60	+9.877%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0235% / S −0.0167%	1h	93.325	−0.059%	$84K	—	111x	as long as short