Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0036%/8h= +4.0% APRpaid last 24h −0.012%

Price spread now: edgeX against Extended−0.057%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.438%−$44 on $10k

Price spread, last 3 days (all we have)+0.047%+$5 · spread now −0.057%, 7d avg +0.002%

Together, before fees−0.391%+ Points / potential airdropExtended: Active · edgeX: Active · farm board−$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.060% cheaper against Extended than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of +0.002%). If the spread goes back, that is −$6 on $10k: about 5.4 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.438%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WTI-USD	92.075	0.0032	pay 0.0004% / 1h	46m 48s	$2.0M	$27.5M	10x
Short	edgeX CLUSDC	92.022	0.0068	get 0.0034% / 4h	46m 48s	$529K	$335K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now −0.057%Rate

Funding earned: $7.66
Price spread: −0.057% → +0.002%: −$5.96
Slippage, 4 orders: −$21.14
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$33.44
Costs to cover: 0.351%
Break-even: 37.6 days

Slippage from Extended: live order book, 2 min ago; edgeX: live order book, 32 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 Extended live order book, 2 min ago	0.05 bp	3.4 bp −$3	6.1 bp −$61	23.1 bp −$2,314	doesn't fit
Sell edgeX live order book, 32 min ago	9.94 bp	14.4 bp −$14	14.7 bp −$147	21.7 bp −$2,170	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
Kraken Futures PF_WTIOILUSD	−0.0450%	1h	92.042	−0.035%	$275K	$1.2M	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0293%	1h	92.030	−0.049%	$96K	$189K	15x	as long as short
GRVT CL_USDT_Perp	−0.0290%	4h	91.994	−0.088%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0218%	4h	92.020	−0.060%	$23.9M	$77.6M	20x	as long as short
Nado WTI-PERP	−0.0174%	1h	92.089	+0.015%	$923K	$744K	10x	as long as short
Binance CLUSDT	−0.0137%	4h	92.004	−0.077%	$245.2M	$1.10B	100x	as long as short
Lighter WTI	−0.0136%	1h	92.007	−0.074%	$11.1M	$10.9M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0135%	1h	92.000	−0.081%	$3.5M	$6.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0110%	1h	92.024	−0.055%	$185.7M	$275.7M	20x	as long as short
Paradex CL-USD-PERP	−0.0106%	8h	91.995	−0.087%	$15K	$367	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CL	−0.0096%	4h	91.994	−0.089%	$13.4M	$13.0M	—	as long as short
Bullet WTIOIL-USD	−0.0079%	1h	92.016	−0.064%	$19K	$241K	10x	as long as short
QFEX CL-USD	−0.0054%	1h	92.000	−0.081%	$2.4M	$2.6M	10x	as long as short
Gate CL_USDT	−0.0021%	8h	91.950	−0.136%	$21.3M	$57.5M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.022	−0.057%	$332K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.035%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.040	−0.038%	$25.6M	$94.9M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.010	−0.071%	$43.1M	$113.0M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.128	+0.058%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.001	−0.080%	$41.9M	$51.8M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.080	+0.005%	$37K	$101K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.049%	$399K	$984K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.606	−0.509%	$4K	—	150x	as long as short
Polymarket Perps WTIOIL-USD	+0.0022%	1h	92.008	−0.073%	$1.6M	$1.4M	20x	as long as short
Extended WTI-USDlong	+0.0032%	1h	92.075	long leg	$2.0M	$27.5M	10x
StandX CL-USD	+0.0040%	1h	92.000	−0.081%	$723K	$3.1M	40x	as long as short
Aftermath Perps WTIUSD	+0.0044%	1h	92.027	−0.052%	$2K	$29K	5x	as long as short
Vest CL-PERP	+0.0046%	1h	92.080	+0.005%	—	$308K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.015	−0.065%	$2.0M	$39K	20x	as long as short
edgeX CLUSDCshort	+0.0068%	4h	92.022	−0.057%	$529K	$335K	30x
KuCoin CLUSDTM	+0.0100%	4h	92.015	−0.065%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.050	−0.027%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.982	−0.101%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	92.005	−0.076%	$76K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.28	+9.992%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.000	−0.081%	$4.0M	$1.4M	50x	as long as short