Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0069%/8h= +7.5% APRpaid last 24h +0.021%

Price spread now: Polymarket Perps against edgeX−0.019%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on edgeX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.373%+$37 on $10k

Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.019%, 7d avg +0.043%

Together, before fees+0.449%+ Points / potential airdropedgeX: Active · farm board+$45 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.062% cheaper against edgeX than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.043%). If the spread goes back, that is −$6 on $10k: about 3.0 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.373% in total) that is about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CLUSDC	93.330	−0.0019	get 0.0009% / 4h	2h 54m	$525K	$305K	30x
Short	Polymarket Perps WTIOIL-USD	93.312	0.0050	get 0.0006% / 1h	54m 44s	$1.7M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now −0.019%Rate

Funding earned: $14.45
Price spread: −0.019% → +0.043%: −$6.23
Slippage, 4 orders: −$25.74
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$34.52
Costs to cover: 0.427%
Break-even: 23.7 days

Slippage from edgeX: live order book, 59 min ago; Polymarket Perps: live order book, 4 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, 59 min ago	10.27 bp	14.8 bp −$15	15.2 bp −$152	21.4 bp −$2,145	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	1.66 bp	5.8 bp −$6	7.5 bp −$75	11.0 bp −$1,105	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	93.270	−0.064%	$197K	$372K	15x	as long as short
GRVT CL_USDT_Perp	−0.0340%	4h	93.316	−0.015%	$58K	$649K	25x	as long as short
Aster CLUSD1	−0.0290%	4h	93.320	−0.011%	$24.3M	$66.5M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.325	−0.005%	$282K	$961K	25x	as long as short
Binance CLUSDT	−0.0195%	4h	93.281	−0.052%	$246.3M	$937.7M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0182%	1h	93.260	−0.075%	$3.5M	$5.3M	20x	as long as short
Variational Omni CL	−0.0180%	4h	93.309	−0.023%	$13.3M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0139%	1h	93.345	+0.016%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0132%	4h	93.276	−0.058%	$42.1M	$43.1M	100x	as long as short
Nado WTI-PERP	−0.0124%	1h	93.379	+0.053%	$967K	$623K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0088%	1h	93.295	−0.037%	$184.4M	$215.4M	20x	as long as short
Gate CL_USDT	−0.0074%	8h	93.240	−0.096%	$21.5M	$49.1M	100x	as long as short
OKX CL-USDT-SWAP	−0.0066%	4h	93.280	−0.053%	$42.6M	$102.8M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.182%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.300	−0.032%	$2.3M	$2.0M	10x	as long as short
Lighter WTI	−0.0024%	1h	93.290	−0.043%	$11.2M	$9.8M	20x	as long as short
edgeX CLUSDClong	−0.0019%	4h	93.330	long leg	$525K	$305K	30x
Paradex CL-USD-PERP	−0.0014%	8h	93.279	−0.054%	$16K	$367	5x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.370	+0.043%	$37K	$41K	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	0.000%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.312	−0.019%	$27.0M	$80.0M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.376	+0.049%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.314	−0.017%	$18K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.852	−0.512%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0024%	1h	93.340	+0.011%	$2.0M	$18.1M	10x	as long as short
KuCoin CLUSDTM	+0.0028%	4h	93.309	−0.022%	$7.1M	$2.4M	50x	as long as short
StandX CL-USD	+0.0040%	1h	93.320	−0.011%	$738K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.330	0.000%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.294	−0.039%	$331K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USDshort	+0.0050%	1h	93.312	−0.019%	$1.7M	$1.3M	20x
SoDEX CL-USD	+0.0050%	1h	93.302	−0.030%	$2.1M	$60K	20x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.290	−0.043%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.272	−0.063%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0175%	4h	93.320	−0.011%	$4.0M	$986K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.57	+9.903%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0229% / S −0.0159%	1h	93.295	−0.037%	$82K	—	111x	as long as short