Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0334%/8h= −36.5% APRpaid last 24h −0.005%

Price spread now: Deribit against edgeX+0.001%7-day average +0.018% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$420.415% of the position

Long on edgeX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.063%+$6 on $10k

Price spread, last 3 days (all we have)−0.120%−$12 · spread now +0.001%, 7d avg +0.018%

Together, before fees−0.057%+ Points / potential airdropedgeX: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.063%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.063% in total (about 6.4% 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	edgeX CLUSDC	91.919	0.0040	pay 0.0020% / 4h	1h 28m	$529K	$342K	30x
Short	Deribit WTIOIL_USDC-PERPETUAL	91.920	−0.0294	pay 0.0037% / 1h	28m 36s	$95K	$260K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$70.09
Price spread: +0.001% → +0.018%: −$1.71
Slippage, 4 orders: −$25.51
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$113.31
Costs to cover: 0.415%
Break-even: never at this rate

Slippage from edgeX: live order book, 55 min ago; Deribit: live order book, 55 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, 55 min ago	10.06 bp	14.6 bp −$15	14.8 bp −$148	33.8 bp −$3,376	doesn't fit
Sell Deribit live order book, 55 min ago	0.54 bp	8.3 bp −$8	9.1 bp −$91	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
Lighter WTI	−0.0320%	1h	91.860	−0.065%	$11.0M	$11.2M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUALshort	−0.0294%	1h	91.920	+0.001%	$95K	$260K	15x
Aftermath Perps WTIUSD	−0.0206%	1h	91.932	+0.014%	$2K	$30K	5x	as long as short
Nado WTI-PERP	−0.0185%	1h	91.967	+0.052%	$922K	$749K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0182%	1h	91.840	−0.086%	$3.5M	$6.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0160%	1h	91.911	−0.009%	$184.9M	$284.0M	20x	as long as short
Bullet WTIOIL-USD	−0.0148%	1h	91.912	−0.008%	$18K	$240K	10x	as long as short
Paradex CL-USD-PERP	−0.0104%	8h	91.877	−0.046%	$15K	$367	5x	as long as short
GRVT CL_USDT_Perp	−0.0098%	4h	91.886	−0.036%	$58K	$726K	25x	as long as short
Aster CLUSD1	−0.0077%	4h	91.920	+0.001%	$23.9M	$78.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended WTI-USD	−0.0032%	1h	91.960	+0.044%	$2.0M	$29.1M	10x	as long as short
Polymarket Perps WTIOIL-USD	−0.0021%	1h	91.915	−0.005%	$1.6M	$1.4M	20x	as long as short
StandX CL-USD	−0.0002%	1h	91.890	−0.032%	$722K	$3.1M	40x	as long as short
dYdX WTI-USD	0.0000%	1h	91.939	+0.021%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.891	−0.031%	$245.4M	$1.12B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.917	−0.003%	$25.3M	$97.4M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.900	−0.021%	$43.1M	$113.9M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.890	−0.032%	$2.4M	$2.6M	10x	as long as short
Gate CL_USDT	0.0000%	8h	91.840	−0.086%	$21.2M	$59.1M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.890	−0.032%	$42.0M	$54.0M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.884	−0.039%	$13.4M	$13.6M	—	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.497	−0.460%	$4K	—	150x	as long as short
ApeX Omni CLUSDT	+0.0003%	1h	91.850	−0.076%	$55K	$266K	50x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.920	+0.001%	$37K	$99K	20x	as long as short
edgeX CLUSDClong	+0.0040%	4h	91.919	long leg	$529K	$342K	30x
Vest CL-PERP	+0.0046%	1h	92.020	+0.109%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.915	−0.005%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	91.906	−0.015%	$332K	$579K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.905	−0.016%	$7.3M	$2.1M	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.888	−0.035%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	91.720	−0.217%	$384K	$1.2M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	100.99	+9.871%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	91.895	−0.027%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.920	+0.001%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0451%	1h	91.915	−0.005%	$260K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	92.009	+0.097%	$3.2M	$2.8M	20x	as long as short