Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0036%/8h= −4.0% APRpaid last 24h −0.001%

Price spread now: Ondo Perps against edgeX−0.061%7-day average −0.031% · you buy dearer than you sell

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

Long on edgeX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.313%+$31 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.061%, 7d avg −0.031%

Together, before fees+0.329%+ Points / potential airdropedgeX: Active · Ondo Perps: Active · farm board+$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.030% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.031%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.313%, so the current rate has only just turned against you.

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 35m	$525K	$306K	30x
Short	Ondo Perps WTI-USD.P	93.280	−0.0122	pay 0.0015% / 1h	35m 23s	$3.5M	$5.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.061%Rate

Funding earned: −$7.62
Price spread: −0.061% → −0.031%: −$2.98
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$24.61
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 13 min ago; Ondo Perps: 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, 13 min ago	10.07 bp	14.6 bp −$15	14.9 bp −$149	21.5 bp −$2,148	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0821%	1h	93.290	−0.051%	$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	−0.0303%	4h	93.370	+0.035%	$24.4M	$65.5M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.337	−0.001%	$283K	$962K	25x	as long as short
Binance CLUSDT	−0.0191%	4h	93.330	−0.008%	$246.3M	$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	−0.0152%	1h	93.339	+0.002%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0134%	4h	93.335	−0.002%	$42.1M	$42.9M	100x	as long as short
Nado WTI-PERP	−0.0129%	1h	93.409	+0.077%	$966K	$619K	10x	as long as short
Ondo Perps WTI-USD.Pshort	−0.0122%	1h	93.280	−0.061%	$3.5M	$5.4M	20x

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	−0.0074%	1h	93.348	+0.012%	$184.6M	$214.4M	20x	as long as short
Gate CL_USDT	−0.0072%	8h	93.280	−0.061%	$21.7M	$49.5M	100x	as long as short
OKX CL-USDT-SWAP	−0.0062%	4h	93.330	−0.008%	$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	93.330	−0.008%	$2.3M	$2.3M	10x	as long as short
Paradex CL-USD-PERP	−0.0001%	8h	93.327	−0.011%	$16K	$367	5x	as long as short
Lighter WTI	0.0000%	1h	93.353	+0.017%	$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	93.355	+0.019%	$27.1M	$79.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.390	+0.056%	$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	93.338	+0.001%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.901	−0.467%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	93.390	+0.057%	$2.0M	$17.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.310	−0.029%	$738K	$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	93.343	+0.007%	$331K	$576K	10x	as long as short
KuCoin CLUSDTM	+0.0050%	4h	93.367	+0.032%	$7.1M	$2.4M	50x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.338	+0.001%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.329	−0.009%	$2.1M	$60K	20x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.380	+0.046%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.304	−0.036%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0179%	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	93.335	−0.002%	$84K	—	111x	as long as short