Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.021%

Price spread now: SoDEX against edgeX+0.037%75s7-day average −0.002% · 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—prices read too far apart to compare

costs, in and out, $10k−$680.677% of the position

Long on edgeX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.123%+$12 on $10k

Price spread, last 4 days (all we have)−0.153%−$15 · spread now +0.037%, 7d avg −0.002%

Together, before fees−0.030%+ Points / potential airdropedgeX: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and SoDEX is 0.039% dearer against edgeX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.002%. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CLUSDC	93.321	−0.0078	get 0.0039% / 4h	2h 30m	$525K	$306K	30x
Short	SoDEX CL-USD	93.355	0.0050	get 0.0006% / 1h	30m 15s	$2.1M	$60K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.037%Rate

Funding earned: $26.9
Price spread: +0.037% → −0.002%: $3.88
Slippage, 4 orders: −$50.65
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$36.87
Costs to cover: 0.677%
Break-even: 16.6 days

Slippage from edgeX: live order book, 18 min ago; SoDEX: 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, 18 min ago	10.07 bp	14.6 bp −$15	14.9 bp −$149	21.5 bp −$2,148	doesn't fit
Sell SoDEX live order book, 4 min ago	1.02 bp	18.4 bp −$18	97.0 bp −$970	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	−0.0500%	1h	93.320	−0.001%	$197K	$373K	15x	as long as short
GRVT CL_USDT_Perp	−0.0330%	4h	93.298	−0.025%	$58K	$639K	25x	as long as short
Aster CLUSD1	−0.0305%	4h	93.380	+0.064%	$24.4M	$65.2M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.355	+0.037%	$284K	$959K	25x	as long as short
Binance CLUSDT	−0.0193%	4h	93.350	+0.032%	$246.3M	$930.6M	100x	as long as short
Variational Omni CL	−0.0184%	4h	93.331	+0.011%	$13.3M	$10.8M	—	as long as short
Aftermath Perps WTIUSD	−0.0150%	1h	93.333	+0.014%	$2K	$26K	5x	as long as short
Nado WTI-PERP	−0.0134%	1h	93.404	+0.089%	$966K	$617K	10x	as long as short
Bitget CLUSDT	−0.0134%	4h	93.339	+0.020%	$42.1M	$42.8M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0122%	1h	93.260	−0.065%	$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
edgeX CLUSDClong	−0.0078%	4h	93.321	long leg	$525K	$306K	30x
Gate CL_USDT	−0.0075%	8h	93.280	−0.043%	$21.8M	$49.6M	100x	as long as short
tradeXYZ xyz:CL	−0.0069%	1h	93.350	+0.032%	$184.5M	$214.4M	20x	as long as short
OKX CL-USDT-SWAP	−0.0063%	4h	93.360	+0.042%	$42.6M	$102.5M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.172%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.370	+0.053%	$2.3M	$2.3M	10x	as long as short
Lighter WTI	0.0000%	1h	93.344	+0.025%	$11.2M	$9.9M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.410	+0.096%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.380	+0.064%	$27.1M	$79.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.404	+0.089%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.380	+0.064%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.346	+0.027%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.901	−0.450%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0002%	8h	93.335	+0.015%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.385	+0.069%	$2.0M	$17.4M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.330	+0.010%	$738K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.350	+0.032%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.364	+0.046%	$332K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.342	+0.023%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USDshort	+0.0050%	1h	93.355	+0.037%	$2.1M	$60K	20x
KuCoin CLUSDTM	+0.0054%	4h	93.370	+0.053%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.400	+0.085%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.312	−0.009%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0175%	4h	93.350	+0.032%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.60	+9.947%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0236% / S −0.0168%	1h	93.345	+0.026%	$84K	—	111x	as long as short