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Funding arb · Price arb /

CL

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.10 per $10,000 · paid last 24h +0.003%
Price spread now: OKX against edgeX−0.029%111s7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$400.402% of the position
Long on edgeXShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.133%+$13 on $10k
Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.029%, 7d avg +0.012%
Together, before fees+0.167%+ Points / potential airdropedgeX: Active · farm board+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. OKX is 0.041% cheaper against edgeX than usual: you would sell low and buy high (spread −0.029% now, against its 7-day average of +0.012%). If the spread goes back, that is −$4 on $10k: about 7.0 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.133% in total) that is about 2.1 days. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX CLUSDC93.337−0.0085get 0.0043% / 4h2h 33m$525K$306K30x
ShortOKX CL-USDT-SWAP93.310−0.0066pay 0.0033% / 4h2h 33m$42.6M$102.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
$4.09
Price spread: −0.029% → +0.012%
−$4.08
Slippage, 4 orders
−$21.22
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee OKX: 5 bp × 2 orders
−$10
Net
−$40.2
Costs to cover
0.402%
Break-even
75.8 days
Slippage from edgeX: live order book, 15 min ago; OKX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 15 min ago10.07 bp14.6 bp −$1514.9 bp −$14921.5 bp −$2,148doesn't fit
Sell OKX live order book, 5 min ago0.54 bp5.5 bp −$65.9 bp −$5912.4 bp −$1,241110.7 bp −$55.4K

CL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit WTIOIL_USDC-PERPETUAL−0.0714%1h93.300−0.040%$197K$373K15xas long as short
GRVT CL_USDT_Perp−0.0322%4h93.320−0.018%$58K$640K25xas long as short
Aster CLUSD1−0.0304%4h93.344+0.008%$24.4M$65.2M20xas long as short
Kraken Futures PF_WTIOILUSD−0.0204%1h93.341+0.004%$283K$962K25xas long as short
Binance CLUSDT−0.0194%4h93.300−0.040%$246.2M$931.1M100xas long as short
Variational Omni CL−0.0179%4h93.311−0.029%$13.3M$10.8M—as long as short
Aftermath Perps WTIUSD−0.0153%1h93.335−0.002%$2K$26K5xas long as short
Bitget CLUSDT−0.0136%4h93.290−0.051%$42.1M$42.9M100xas long as short
Nado WTI-PERP−0.0132%1h93.396+0.063%$966K$619K10xas long as short
Ondo Perps WTI-USD.P−0.0128%1h93.260−0.083%$3.5M$5.4M20xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX CLUSDClong−0.0085%4h93.337long leg$525K$306K30x
tradeXYZ xyz:CL−0.0076%1h93.316−0.023%$184.5M$214.4M20xas long as short
Gate CL_USDT−0.0075%8h93.240−0.104%$21.7M$49.6M100xas long as short
OKX CL-USDT-SWAPshort−0.0066%4h93.310−0.029%$42.6M$102.5M50x
Coinbase International WTIOIL-PERP-INTX−0.0040%1h93.160−0.190%$403K$929K15xas long as short
QFEX CL-USD−0.0032%1h93.300−0.040%$2.3M$2.3M10xas long as short
Paradex CL-USD-PERP−0.0001%8h93.305−0.035%$16K$3675xas long as short
Lighter WTI0.0000%1h93.311−0.028%$11.2M$9.9M20xas long as short
dYdX WTI-USD0.0000%1h93.410+0.078%$8K$3K5xas long as short
Bybit CLUSDT0.0000%8h93.330−0.008%$27.1M$79.6M150xas long as short
RISEx CL/USDC0.0000%1h93.366+0.030%$3.1M$2.9M20xas long as short
Phoenix WTIOIL0.0000%1h93.360+0.024%$38K$41K20xas long as short
Bullet WTIOIL-USD0.0000%1h93.339+0.002%$18K$240K10xas long as short
gTrade (Gains Network) WTI/USDL 0.0000% / S +0.0036%1h92.907−0.461%$5K—150xas long as short
Extended WTI-USD+0.0032%1h93.355+0.019%$2.0M$17.5M10xas long as short
StandX CL-USD+0.0040%1h93.340+0.003%$739K$2.9M40xas long as short
Vest CL-PERP+0.0046%1h93.360+0.024%—$313K10xas long as short
Pacifica CL+0.0047%1h93.317−0.022%$331K$576K10xas long as short
KuCoin CLUSDTM+0.0050%4h93.3370.000%$7.1M$2.4M50xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h93.336−0.001%$1.7M$1.3M20xas long as short
SoDEX CL-USD+0.0050%1h93.335−0.002%$2.1M$60K20xas long as short
ApeX Omni CLUSDT+0.0100%1h93.380+0.046%$54K$266K50xas long as short
Aevo WTIOIL-PERP+0.0104%1h93.306−0.033%$4K—10xas long as short
BloFin CL-USDT+0.0178%4h93.330−0.008%$4.0M$1.0M50xas long as short
Injective WTI/USDC PERP+0.0220%1h102.60+9.927%$19K$11K30xas long as short
GMX WTIOIL/USD [ETH-USDC]L +0.0235% / S −0.0167%1h93.325−0.013%$84K—111xas long as short