Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h +0.023%

Price spread now: RISEx against edgeX+0.020%7-day average +0.062% · 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−$42as in the Price arb table

costs, in and out, $10k−$380.382% of the position

Long on edgeX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.192%+$19 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.020%, 7d avg +0.062%

Together, before fees+0.209%+ Points / potential airdropedgeX: Active · farm board+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.042% cheaper against edgeX than usual: you would sell low and buy high (spread +0.020% now, against its 7-day average of +0.062%). If the spread goes back, that is −$4 on $10k: about 4.5 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.192% in total) that is about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CLUSDC	93.692	−0.0031	get 0.0015% / 4h	1h 47m	$527K	$306K	30x
Short	RISEx CL/USDC	93.711	0	get 0.0000% / 1h	47m 27s	$3.1M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.020%Rate

Funding earned: $6.47
Price spread: +0.020% → +0.062%: −$4.2
Slippage, 4 orders: −$23.24
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$35.97
Costs to cover: 0.382%
Break-even: 45.9 days

Slippage from edgeX: live order book, 61 min ago; RISEx: live order book, 1 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, 61 min ago	10.07 bp	14.6 bp −$15	14.9 bp −$149	21.5 bp −$2,148	doesn't fit
Sell RISEx live order book, 1 min ago	1.55 bp	4.5 bp −$5	5.6 bp −$56	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0390%	1h	93.650	−0.045%	$197K	$380K	15x	as long as short
Aster CLUSD1	−0.0260%	4h	93.694	+0.002%	$24.5M	$65.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0248%	4h	93.618	−0.079%	$58K	$629K	25x	as long as short
Binance CLUSDT	−0.0148%	4h	93.650	−0.045%	$246.5M	$927.8M	100x	as long as short
Variational Omni CL	−0.0143%	4h	93.640	−0.056%	$13.5M	$10.7M	—	as long as short
Aftermath Perps WTIUSD	−0.0139%	1h	93.650	−0.044%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.674	−0.019%	$286K	$953K	25x	as long as short
Bitget CLUSDT	−0.0104%	4h	93.635	−0.061%	$42.2M	$42.6M	100x	as long as short
Gate CL_USDT	−0.0093%	8h	93.580	−0.119%	$22.2M	$48.5M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0059%	1h	93.670	−0.023%	$3.5M	$5.4M	20x	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	−0.0046%	1h	93.647	−0.048%	$185.0M	$210.9M	20x	as long as short
edgeX CLUSDClong	−0.0031%	4h	93.692	long leg	$527K	$306K	30x
QFEX CL-USD	−0.0023%	1h	93.640	−0.055%	$2.3M	$2.5M	10x	as long as short
Nado WTI-PERP	−0.0022%	1h	93.733	+0.044%	$966K	$629K	10x	as long as short
OKX CL-USDT-SWAP	−0.0018%	4h	93.640	−0.055%	$42.7M	$102.1M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.205%	$404K	$931K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.734	+0.045%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.670	−0.023%	$27.3M	$79.6M	150x	as long as short
RISEx CL/USDCshort	0.0000%	1h	93.711	+0.020%	$3.1M	$2.8M	20x
Phoenix WTIOIL	0.0000%	1h	93.730	+0.041%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.662	−0.032%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.196	−0.529%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0029%	8h	93.644	−0.051%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.651	−0.044%	$11.3M	$9.6M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.690	−0.002%	$2.0M	$16.1M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.690	−0.002%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.660	−0.034%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.642	−0.053%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.670	−0.023%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.653	−0.042%	$333K	$576K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.664	−0.030%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.760	+0.073%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.655	−0.039%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0218%	4h	93.730	+0.041%	$4.0M	$981K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.74	+9.662%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0245% / S −0.0178%	1h	93.655	−0.039%	$84K	—	111x	as long as short