Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h +0.011%

Price spread now: StandX against edgeX+0.022%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$490.491% of the position

Long on edgeX Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.368%+$37 on $10k

Price spread, last 3 days (all we have)+0.022%+$2 · spread now +0.022%, 7d avg −0.015%

Together, before fees+0.389%+ Points / potential airdropedgeX: Active · StandX: Active · farm board+$39 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: StandX is 0.037% dearer against edgeX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CLUSDC	91.900	0.0035	pay 0.0017% / 4h	2h 08m	$528K	$341K	30x
Short	StandX CL-USD	91.920	0.0040	get 0.0005% / 1h	8m 41s	$725K	$3.1M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.022%Rate

Funding earned: $1.05
Price spread: +0.022% → −0.015%: $3.65
Slippage, 4 orders: −$32.09
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee StandX: 4 bp × 2 orders: −$8
Net: −$44.39
Costs to cover: 0.491%
Break-even: 302.9 days

Slippage from edgeX: live order book, 15 min ago; StandX: live order book, just now.

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, 15 min ago	10.06 bp	14.6 bp −$15	14.8 bp −$148	33.8 bp −$3,376	doesn't fit
Sell StandX live order book, just now	5.99 bp	10.0 bp −$10	10.8 bp −$108	doesn't fit	doesn't fit

CL on 35 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
QFEX CL-USD	−0.0019%	1h	91.900	0.000%	$2.4M	$2.6M	10x	as long as short
Aster CLUSD1	0.0000%	4h	91.960	+0.066%	$24.5M	$77.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.854	−0.050%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.891	−0.010%	$246.2M	$1.14B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.880	−0.022%	$25.1M	$100.0M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.880	−0.022%	$42.9M	$116.5M	50x	as long as short
Gate CL_USDT	0.0000%	8h	91.820	−0.087%	$21.2M	$63.4M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.869	−0.034%	$42.1M	$67.5M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.913	+0.014%	$13.6M	$16.1M	—	as long as short
GRVT CL_USDT_Perp	0.0000%	4h	91.915	+0.016%	$58K	$774K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet WTIOIL-USD	0.0000%	1h	91.877	−0.025%	$17K	$241K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	91.900	0.000%	$95K	$260K	15x	as long as short
Aftermath Perps WTIUSD	+0.0003%	1h	91.900	+0.001%	$2K	$31K	5x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.990	+0.098%	$33K	$99K	20x	as long as short
Paradex CL-USD-PERP	+0.0012%	8h	91.880	−0.022%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	91.838	−0.067%	$11.0M	$12.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	91.963	+0.069%	$2.0M	$29.5M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	91.880	−0.022%	$17K	$18K	30x	as long as short
edgeX CLUSDClong	+0.0035%	4h	91.900	long leg	$528K	$341K	30x
Kraken Futures PF_WTIOILUSD	+0.0040%	1h	91.890	−0.011%	$257K	$1.3M	25x	as long as short
StandX CL-USDshort	+0.0040%	1h	91.920	+0.022%	$725K	$3.1M	40x
Coinbase International WTIOIL-PERP-INTX	+0.0040%	1h	92.080	+0.196%	$393K	$1.3M	15x	as long as short
Vest CL-PERP	+0.0046%	1h	92.020	+0.131%	—	$243K	10x	as long as short
tradeXYZ xyz:CL	+0.0050%	1h	91.877	−0.025%	$182.4M	$289.7M	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	91.879	−0.023%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.874	−0.028%	$2.0M	$39K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	91.840	−0.065%	$3.5M	$6.5M	20x	as long as short
Pacifica CL	+0.0100%	1h	91.882	−0.019%	$336K	$573K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.873	−0.029%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	91.930	+0.033%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.854	−0.050%	$4K	—	10x	as long as short
Nado WTI-PERP	+0.0189%	1h	91.865	−0.037%	$880K	$788K	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0212% / S −0.0127%	1h	91.875	−0.027%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.860	−0.043%	$4.0M	$1.5M	50x	as long as short
RISEx CL/USDC	+0.0266%	1h	91.999	+0.107%	$3.2M	$2.7M	20x	as long as short