Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.003%

Price spread now: dYdX against edgeX+0.024%7-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 dYdX

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 +$2 a day on $10k at the current rate, and dYdX is 0.024% dearer against edgeX than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CLUSDC	92.914	−0.0064	get 0.0032% / 4h	1h 11m	$529K	$301K	30x
Short	dYdX WTI-USD	92.937	0	get 0.0000% / 1h	11m 30s	$8K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.024%Rate

Funding earned: $13.38
Price spread: +0.024% → 0.000%: $2.39
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$3.23
Costs to cover: 0.190%
Break-even: 8.7 days

Slippage unknown: edgeX: live order book, 52 min ago; dYdX: 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, 52 min ago	10.13 bp	14.6 bp −$15	15.0 bp −$150	22.8 bp −$2,277	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.0611%	1h	92.850	−0.069%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0261%	4h	92.900	−0.015%	$24.0M	$67.9M	20x	as long as short
GRVT CL_USDT_Perp	−0.0244%	4h	92.900	−0.015%	$53K	$635K	25x	as long as short
Binance CLUSDT	−0.0206%	4h	92.910	−0.005%	$244.7M	$952.3M	100x	as long as short
Variational Omni CL	−0.0195%	4h	92.857	−0.062%	$13.5M	$11.2M	—	as long as short
Ondo Perps WTI-USD.P	−0.0164%	1h	92.890	−0.026%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0153%	1h	92.988	+0.079%	$961K	$658K	10x	as long as short
OKX CL-USDT-SWAP	−0.0076%	4h	92.920	+0.006%	$42.8M	$102.0M	50x	as long as short
Gate CL_USDT	−0.0072%	8h	92.860	−0.058%	$20.9M	$53.0M	100x	as long as short
tradeXYZ xyz:CL	−0.0072%	1h	92.911	−0.004%	$184.5M	$217.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSD	−0.0065%	1h	92.935	+0.022%	$2K	$27K	5x	as long as short
Extended WTI-USD	−0.0064%	1h	92.950	+0.038%	$2.1M	$22.2M	10x	as long as short
edgeX CLUSDClong	−0.0064%	4h	92.914	long leg	$529K	$301K	30x
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.177%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.890	−0.026%	$2.5M	$1.7M	10x	as long as short
Bitget CLUSDT	−0.0002%	4h	92.892	−0.024%	$42.1M	$43.4M	100x	as long as short
Lighter WTI	0.0000%	1h	92.919	+0.005%	$11.2M	$10.5M	20x	as long as short
dYdX WTI-USDshort	0.0000%	1h	92.937	+0.024%	$8K	$3K	5x
Bybit CLUSDT	0.0000%	8h	92.910	−0.005%	$26.5M	$80.9M	150x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.950	+0.038%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.918	+0.004%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.473	−0.475%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0010%	4h	92.898	−0.018%	$7.3M	$2.3M	50x	as long as short
Paradex CL-USD-PERP	+0.0011%	8h	92.918	+0.004%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.890	−0.026%	$733K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.940	+0.028%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.917	+0.003%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.885	−0.032%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	93.004	+0.097%	$3.1M	$2.9M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.924	+0.011%	$331K	$619K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.960	+0.049%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.861	−0.057%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.909	−0.006%	$273K	$872K	25x	as long as short
BloFin CL-USDT	+0.0168%	4h	92.900	−0.015%	$4.1M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.905	−0.010%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.10	+9.884%	$19K	$11K	30x	as long as short