Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.036%

Price spread now: Aevo against edgeX+0.033%72s7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Aevo

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 for this trade now. Funding pays +$4 a day on $10k at the current rate, and Aevo is 0.033% dearer against edgeX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 72 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	edgeX CLUSDC	92.888	−0.0044	get 0.0022% / 4h	3h 50m	$542K	$342K	30x
Short	Aevo WTIOIL-PERP	92.919	0.0104	get 0.0013% / 1h	50m 19s	$4K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against edgeX. 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 edgeXbpFee AevobpOrdersPrice spread, now +0.033%Rate

Funding earned: $31.02
Price spread: +0.033% → 0.000%: $3.34
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: $9.36
Costs to cover: 0.250%
Break-even: 4.9 days

Slippage unknown: edgeX: live order book, 48 min ago; Aevo: no order-book sample. 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 edgeX live order book, 48 min ago	9.39 bp	13.9 bp −$14	14.8 bp −$148	22.6 bp −$2,256	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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	−0.0610%	1h	92.920	+0.035%	$188K	$407K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0313%	1h	92.969	+0.088%	$271K	$930K	25x	as long as short
GRVT CL_USDT_Perp	−0.0290%	4h	92.887	−0.001%	$74K	$614K	25x	as long as short
Aster CLUSD1	−0.0245%	4h	92.968	+0.086%	$24.7M	$61.6M	20x	as long as short
Gate CL_USDT	−0.0220%	8h	92.880	−0.008%	$23.3M	$48.8M	100x	as long as short
Binance CLUSDT	−0.0139%	4h	92.950	+0.067%	$246.6M	$929.7M	100x	as long as short
Variational Omni CL	−0.0127%	4h	92.920	+0.034%	$13.5M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0116%	1h	92.978	+0.097%	$951K	$612K	10x	as long as short
Bitget CLUSDT	−0.0094%	4h	92.930	+0.046%	$42.0M	$41.7M	100x	as long as short
Aftermath Perps WTIUSD	−0.0079%	1h	93.008	+0.130%	$1K	$26K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0075%	1h	92.965	+0.083%	$184.1M	$195.7M	20x	as long as short
OKX CL-USDT-SWAP	−0.0064%	4h	92.930	+0.046%	$42.5M	$103.2M	50x	as long as short
Ondo Perps WTI-USD.P	−0.0048%	1h	92.920	+0.035%	$3.6M	$5.3M	20x	as long as short
edgeX CLUSDClong	−0.0044%	4h	92.888	long leg	$542K	$342K	30x
QFEX CL-USD	−0.0026%	1h	92.920	+0.035%	$2.3M	$2.5M	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.953	+0.070%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.960	+0.078%	$27.1M	$80.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.959	+0.077%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.957	+0.075%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.520	−0.396%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0006%	8h	92.901	+0.015%	$16K	$367	5x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.910	+0.024%	$37K	$39K	20x	as long as short
Lighter WTI	+0.0016%	1h	92.927	+0.042%	$11.2M	$8.6M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	93.160	+0.293%	$404K	$808K	15x	as long as short
Extended WTI-USD	+0.0032%	1h	92.950	+0.067%	$1.7M	$14.9M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.940	+0.056%	$732K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.950	+0.067%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.944	+0.061%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.949	+0.066%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.935	+0.051%	$346K	$587K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.958	+0.076%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.940	+0.056%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERPshort	+0.0104%	1h	92.919	+0.033%	$4K	—	10x
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S 0.0000%	1h	92.935	+0.051%	$85K	—	111x	as long as short
BloFin CL-USDT	+0.0175%	4h	92.940	+0.056%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.954%	$19K	$5K	30x	as long as short