Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h +0.001%

Price spread now: edgeX against Ondo Perps+0.019%7-day average +0.031% · you sell dearer than you buy

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

Long on Ondo Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.313%−$31 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now +0.019%, 7d avg +0.031%

Together, before fees−0.286%+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm board−$29 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps WTI-USD.P	93.480	−0.0042	get 0.0005% / 1h	55m 06s	$3.5M	$5.4M	20x
Short	edgeX CLUSDC	93.497	−0.0051	pay 0.0026% / 4h	1h 55m	$526K	$305K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Ondo Perps. 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 Ondo PerpsbpFee edgeXbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$1.91
Price spread: +0.019% → +0.031%: −$1.28
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$17.18
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 54 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell edgeX live order book, 54 min ago	10.07 bp	14.6 bp −$15	14.7 bp −$147	21.3 bp −$2,126	doesn't fit

Ondo Perps: 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	−0.0391%	1h	93.490	+0.011%	$196K	$379K	15x	as long as short
Aster CLUSD1	−0.0273%	4h	93.550	+0.075%	$24.5M	$64.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0264%	4h	93.559	+0.085%	$58K	$629K	25x	as long as short
Binance CLUSDT	−0.0161%	4h	93.527	+0.050%	$246.4M	$929.9M	100x	as long as short
Variational Omni CL	−0.0153%	4h	93.499	+0.020%	$13.4M	$10.8M	—	as long as short
Aftermath Perps WTIUSD	−0.0147%	1h	93.518	+0.040%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.520	+0.042%	$286K	$956K	25x	as long as short
Bitget CLUSDT	−0.0114%	4h	93.524	+0.047%	$42.2M	$42.7M	100x	as long as short
Gate CL_USDT	−0.0088%	8h	93.460	−0.021%	$22.1M	$48.2M	100x	as long as short
edgeX CLUSDCshort	−0.0051%	4h	93.497	+0.019%	$526K	$305K	30x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps WTI-USD.Plong	−0.0042%	1h	93.480	long leg	$3.5M	$5.4M	20x
tradeXYZ xyz:CL	−0.0035%	1h	93.527	+0.050%	$184.8M	$212.7M	20x	as long as short
OKX CL-USDT-SWAP	−0.0031%	4h	93.530	+0.053%	$42.7M	$101.9M	50x	as long as short
QFEX CL-USD	−0.0023%	1h	93.520	+0.043%	$2.3M	$2.5M	10x	as long as short
Nado WTI-PERP	−0.0020%	1h	93.536	+0.060%	$969K	$629K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	+0.021%	$404K	$931K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.513	+0.035%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.544	+0.068%	$27.1M	$79.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.568	+0.094%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.570	+0.096%	$38K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.517	+0.040%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.079	−0.429%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0025%	8h	93.497	+0.018%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.496	+0.017%	$11.3M	$9.6M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.570	+0.096%	$2.0M	$16.3M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.450	−0.032%	$740K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.530	+0.053%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.522	+0.045%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.504	+0.026%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.507	+0.029%	$332K	$577K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.555	+0.080%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.560	+0.086%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.489	+0.010%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0209%	4h	93.560	+0.086%	$4.0M	$980K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.74	+9.910%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0243% / S −0.0176%	1h	93.535	+0.059%	$84K	—	111x	as long as short