Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0351%/8h= +38.5% APRpaid last 24h +0.035%

Price spread now: edgeX against Deribit−0.068%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$430.425% of the position

Long on Deribit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.035%−$4 on $10k

Price spread, last 4 days (all we have)+0.164%+$16 · spread now −0.068%, 7d avg −0.020%

Together, before fees+0.129%+ Points / potential airdropedgeX: Active · farm board+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.047% cheaper against Deribit than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of −0.020%). If the spread goes back, that is −$5 on $10k: about 11 hours of funding at the current rate (+$11 a day).

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.035% in total (about -3.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WTIOIL_USDC-PERPETUAL	93.510	−0.0391	get 0.0049% / 1h	12m 23s	$197K	$377K	15x
Short	edgeX CLUSDC	93.447	−0.0040	pay 0.0020% / 4h	2h 12m	$525K	$307K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Deribit. 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 DeribitbpFee edgeXbpOrdersPrice spread, now −0.068%Rate

Funding earned: $73.77
Price spread: −0.068% → −0.020%: −$4.73
Slippage, 4 orders: −$26.52
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $26.51
Costs to cover: 0.425%
Break-even: 4.5 days

Slippage from Deribit: live order book, 36 min ago; edgeX: live order book, 36 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 Deribit live order book, 36 min ago	0.54 bp	9.3 bp −$9	10.8 bp −$108	doesn't fit	doesn't fit
Sell edgeX live order book, 36 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-PERPETUALlong	−0.0391%	1h	93.510	long leg	$197K	$377K	15x
GRVT CL_USDT_Perp	−0.0288%	4h	93.460	−0.053%	$58K	$629K	25x	as long as short
Aster CLUSD1	−0.0286%	4h	93.540	+0.032%	$24.4M	$64.7M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0203%	1h	93.533	+0.025%	$286K	$959K	25x	as long as short
Binance CLUSDT	−0.0178%	4h	93.517	+0.007%	$246.2M	$932.6M	100x	as long as short
Variational Omni CL	−0.0170%	4h	93.440	−0.075%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0156%	1h	93.473	−0.040%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0124%	4h	93.494	−0.017%	$42.2M	$42.7M	100x	as long as short
Nado WTI-PERP	−0.0120%	1h	93.567	+0.061%	$968K	$614K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0081%	1h	93.500	−0.011%	$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
Gate CL_USDT	−0.0076%	8h	93.470	−0.043%	$22.0M	$50.1M	100x	as long as short
tradeXYZ xyz:CL	−0.0072%	1h	93.506	−0.004%	$185.0M	$213.6M	20x	as long as short
OKX CL-USDT-SWAP	−0.0042%	4h	93.520	+0.011%	$42.7M	$102.9M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.500	−0.011%	$404K	$931K	15x	as long as short
edgeX CLUSDCshort	−0.0040%	4h	93.447	−0.068%	$525K	$307K	30x
QFEX CL-USD	−0.0032%	1h	93.510	0.000%	$2.3M	$2.5M	10x	as long as short
dYdX WTI-USD	0.0000%	1h	93.495	−0.016%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.540	+0.032%	$27.0M	$79.9M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.576	+0.070%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.500	−0.011%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.527	+0.018%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.050	−0.492%	$5K	—	150x	as long as short
Lighter WTI	+0.0016%	1h	93.527	+0.018%	$11.2M	$9.9M	20x	as long as short
Paradex CL-USD-PERP	+0.0016%	8h	93.506	−0.004%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.550	+0.043%	$2.0M	$16.9M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.480	−0.032%	$740K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.520	+0.011%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.534	+0.025%	$332K	$577K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.509	−0.001%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.522	+0.013%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0088%	4h	93.533	+0.025%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.460	−0.053%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.484	−0.028%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0194%	4h	93.480	−0.032%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.64	+9.769%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0239% / S −0.0172%	1h	93.515	+0.005%	$84K	—	111x	as long as short