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: ApeX Omni against edgeX+0.046%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

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

Long on edgeX Short on ApeX Omni

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 for this trade now. Funding pays +$6 a day on $10k at the current rate, and ApeX Omni is 0.033% dearer against edgeX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CLUSDC	93.337	−0.0085	get 0.0043% / 4h	2h 33m	$525K	$306K	30x
Short	ApeX Omni CLUSDT	93.380	0.0100	get 0.0013% / 1h	33m 44s	$54K	$266K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.046%Rate

Funding earned: $38.91
Price spread: +0.046% → +0.013%: $3.31
Slippage, 4 orders: −$50.54
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$27.32
Costs to cover: 0.695%
Break-even: 11.9 days

Slippage from edgeX: live order book, 15 min ago; ApeX Omni: live order book, 13 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 edgeX live order book, 15 min ago	10.07 bp	14.6 bp −$15	14.9 bp −$149	21.5 bp −$2,148	doesn't fit
Sell ApeX Omni live order book, 13 min ago	8.57 bp	20.6 bp −$21	210.2 bp −$2,102	doesn't fit	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	−0.040%	$197K	$373K	15x	as long as short
GRVT CL_USDT_Perp	−0.0322%	4h	93.320	−0.018%	$58K	$640K	25x	as long as short
Aster CLUSD1	−0.0304%	4h	93.344	+0.008%	$24.4M	$65.2M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.341	+0.004%	$283K	$962K	25x	as long as short
Binance CLUSDT	−0.0194%	4h	93.300	−0.040%	$246.2M	$931.1M	100x	as long as short
Variational Omni CL	−0.0179%	4h	93.311	−0.029%	$13.3M	$10.8M	—	as long as short
Aftermath Perps WTIUSD	−0.0153%	1h	93.335	−0.002%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0136%	4h	93.290	−0.051%	$42.1M	$42.9M	100x	as long as short
Nado WTI-PERP	−0.0132%	1h	93.396	+0.063%	$966K	$619K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0128%	1h	93.260	−0.083%	$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 CLUSDClong	−0.0085%	4h	93.337	long leg	$525K	$306K	30x
tradeXYZ xyz:CL	−0.0076%	1h	93.316	−0.023%	$184.5M	$214.4M	20x	as long as short
Gate CL_USDT	−0.0075%	8h	93.240	−0.104%	$21.7M	$49.6M	100x	as long as short
OKX CL-USDT-SWAP	−0.0066%	4h	93.310	−0.029%	$42.6M	$102.5M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.190%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.300	−0.040%	$2.3M	$2.3M	10x	as long as short
Paradex CL-USD-PERP	−0.0001%	8h	93.305	−0.035%	$16K	$367	5x	as long as short
Lighter WTI	0.0000%	1h	93.311	−0.028%	$11.2M	$9.9M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.410	+0.078%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.330	−0.008%	$27.1M	$79.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.366	+0.030%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.360	+0.024%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.339	+0.002%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.907	−0.461%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	93.355	+0.019%	$2.0M	$17.5M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.340	+0.003%	$739K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.360	+0.024%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.317	−0.022%	$331K	$576K	10x	as long as short
KuCoin CLUSDTM	+0.0050%	4h	93.337	0.000%	$7.1M	$2.4M	50x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.336	−0.001%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.335	−0.002%	$2.1M	$60K	20x	as long as short
ApeX Omni CLUSDTshort	+0.0100%	1h	93.380	+0.046%	$54K	$266K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	93.306	−0.033%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0178%	4h	93.330	−0.008%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.60	+9.927%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0235% / S −0.0167%	1h	93.325	−0.013%	$84K	—	111x	as long as short