Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h +0.014%

Price spread now: edgeX against Gate+0.060%67s7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$480.480% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 4 days (all we have)−0.015%−$1 · spread now +0.060%, 7d avg +0.057%

Together, before fees+0.082%+ Points / potential airdropedgeX: Active · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.057%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 67 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	Gate CL_USDT	93.270	−0.0072	get 0.0072% / 8h	2h 56m	$21.5M	$49.1M	100x
Short	edgeX CLUSDC	93.326	−0.0041	pay 0.0020% / 4h	2h 56m	$525K	$307K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Gate. 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 GatebpFee edgeXbpOrdersPrice spread, now +0.060%Rate

Funding earned: $6.54
Price spread: +0.060% → +0.057%: $0.31
Slippage, 4 orders: −$24.03
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$41.18
Costs to cover: 0.480%
Break-even: 51.1 days

Slippage from Gate: live order book, 2 min ago; edgeX: live order book, 57 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 Gate live order book, 2 min ago	0.54 bp	9.2 bp −$9	13.4 bp −$134	26.8 bp −$2,682	33.2 bp −$16.6K
Sell edgeX live order book, 57 min ago	10.27 bp	14.8 bp −$15	15.0 bp −$150	21.6 bp −$2,158	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	−0.0821%	1h	93.290	+0.021%	$197K	$372K	15x	as long as short
GRVT CL_USDT_Perp	−0.0338%	4h	93.301	+0.034%	$58K	$649K	25x	as long as short
Aster CLUSD1	−0.0290%	4h	93.361	+0.097%	$24.3M	$66.3M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.350	+0.085%	$282K	$961K	25x	as long as short
Binance CLUSDT	−0.0193%	4h	93.334	+0.069%	$246.4M	$938.0M	100x	as long as short
Variational Omni CL	−0.0176%	4h	93.299	+0.031%	$13.3M	$10.9M	—	as long as short
Ondo Perps WTI-USD.P	−0.0142%	1h	93.270	0.000%	$3.5M	$5.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0139%	1h	93.345	+0.080%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0132%	4h	93.320	+0.054%	$42.1M	$43.1M	100x	as long as short
Nado WTI-PERP	−0.0121%	1h	93.389	+0.127%	$967K	$623K	10x	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	−0.0083%	1h	93.337	+0.072%	$184.6M	$217.3M	20x	as long as short
Gate CL_USDTlong	−0.0072%	8h	93.270	long leg	$21.5M	$49.1M	100x
OKX CL-USDT-SWAP	−0.0066%	4h	93.320	+0.054%	$42.6M	$103.1M	50x	as long as short
edgeX CLUSDCshort	−0.0041%	4h	93.326	+0.060%	$525K	$307K	30x
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.118%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.310	+0.043%	$2.3M	$2.0M	10x	as long as short
Lighter WTI	−0.0024%	1h	93.329	+0.063%	$11.2M	$9.8M	20x	as long as short
Paradex CL-USD-PERP	−0.0015%	8h	93.313	+0.046%	$16K	$367	5x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.370	+0.107%	$37K	$41K	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	+0.064%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.353	+0.089%	$27.0M	$80.1M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.392	+0.130%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.327	+0.061%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.884	−0.414%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0024%	1h	93.370	+0.107%	$2.0M	$18.1M	10x	as long as short
KuCoin CLUSDTM	+0.0028%	4h	93.350	+0.086%	$7.1M	$2.4M	50x	as long as short
StandX CL-USD	+0.0040%	1h	93.310	+0.043%	$738K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.350	+0.086%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.338	+0.073%	$331K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.326	+0.060%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.325	+0.059%	$2.1M	$60K	20x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.330	+0.064%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.293	+0.025%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0176%	4h	93.320	+0.054%	$4.0M	$986K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.57	+9.973%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0229% / S −0.0159%	1h	93.325	+0.059%	$82K	—	111x	as long as short