Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0053%/8h= +5.8% APRpaid last 24h +0.018%

Price spread now: Vest against edgeX−0.016%63s7-day average −0.786% · you buy dearer than you sell

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

Long on edgeX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.084%+$8 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.016%, 7d avg −0.786%

Together, before fees+0.080%+ Points / potential airdropedgeX: Active · Vest: Active · farm board+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Vest is 0.770% dearer against edgeX than usual: you sell high and buy low: +$77 more if the spread goes back to its 7-day average of −0.786%. The two prices were read 63 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	92.845	−0.0007	get 0.0003% / 4h	3h 35m	$542K	$342K	30x
Short	Vest CL-PERP	92.830	0.0046	get 0.0006% / 1h	35m 52s	—	$313K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.016%Rate

Funding earned: $11.05
Price spread: −0.016% → −0.786%: $76.95
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Vest: 1 bp × 2 orders: −$2
Net: $77
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: edgeX: live order book, 63 min ago; Vest: 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, 63 min ago	9.39 bp	13.9 bp −$14	14.8 bp −$148	22.6 bp −$2,256	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	−0.0504%	1h	92.770	−0.081%	$187K	$409K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0314%	1h	92.830	−0.016%	$269K	$928K	25x	as long as short
Aster CLUSD1	−0.0227%	4h	92.770	−0.081%	$24.8M	$60.6M	20x	as long as short
Gate CL_USDT	−0.0226%	8h	92.670	−0.189%	$23.4M	$49.4M	100x	as long as short
Binance CLUSDT	−0.0129%	4h	92.747	−0.106%	$245.0M	$932.3M	100x	as long as short
Variational Omni CL	−0.0113%	4h	92.780	−0.071%	$13.5M	$10.7M	—	as long as short
GRVT CL_USDT_Perp	−0.0104%	4h	92.790	−0.059%	$75K	$624K	25x	as long as short
Nado WTI-PERP	−0.0100%	1h	92.851	+0.006%	$950K	$604K	10x	as long as short
Bitget CLUSDT	−0.0080%	4h	92.731	−0.123%	$42.0M	$41.7M	100x	as long as short
Aftermath Perps WTIUSD	−0.0076%	1h	92.904	+0.064%	$2K	$27K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0049%	4h	92.720	−0.135%	$42.4M	$102.6M	50x	as long as short
QFEX CL-USD	−0.0026%	1h	92.830	−0.016%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CL	−0.0015%	1h	92.759	−0.093%	$184.1M	$191.5M	20x	as long as short
edgeX CLUSDClong	−0.0007%	4h	92.845	long leg	$542K	$342K	30x
dYdX WTI-USD	0.0000%	1h	92.843	−0.003%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.750	−0.103%	$27.4M	$80.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.851	+0.006%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.831	−0.015%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.369	−0.513%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.930	+0.091%	$37K	$39K	20x	as long as short
Paradex CL-USD-PERP	+0.0014%	8h	92.827	−0.019%	$16K	$367	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	93.160	+0.339%	$404K	$794K	15x	as long as short
Ondo Perps WTI-USD.P	+0.0027%	1h	92.780	−0.070%	$3.6M	$5.2M	20x	as long as short
Lighter WTI	+0.0032%	1h	92.797	−0.052%	$11.3M	$8.8M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.750	−0.103%	$1.7M	$14.4M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.910	+0.070%	$732K	$2.8M	40x	as long as short
Vest CL-PERPshort	+0.0046%	1h	92.830	−0.016%	—	$313K	10x
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.849	+0.004%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.793	−0.056%	$2.1M	$69K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.844	−0.002%	$346K	$589K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.757	−0.095%	$7.0M	$2.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.840	−0.006%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.769	−0.082%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S 0.0000%	1h	92.785	−0.065%	$85K	—	111x	as long as short
BloFin CL-USDT	+0.0191%	4h	92.840	−0.006%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+10.005%	$19K	$5K	30x	as long as short