Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0062%/8h= −6.8% APRpaid last 24h −0.008%

Price spread now: edgeX against Pacifica+0.008%52s7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as 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−$390.391% of the position

Long on Pacifica Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.244%−$24 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.008%, 7d avg +0.013%

Together, before fees−0.276%+ Points / potential airdropPacifica: Active · edgeX: Active · farm board−$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 52 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	Pacifica CL	92.746	0.0100	pay 0.0013% / 1h	24m 47s	$331K	$618K	10x
Short	edgeX CLUSDC	92.754	0.0038	get 0.0019% / 4h	2h 24m	$533K	$297K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Pacifica. 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 PacificabpFee edgeXbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$13.1
Price spread: +0.008% → +0.013%: −$0.48
Slippage, 4 orders: −$22.1
Fee Pacifica: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$52.68
Costs to cover: 0.391%
Break-even: never at this rate

Slippage from Pacifica: live order book, 44 min ago; edgeX: live order book, 44 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 Pacifica live order book, 44 min ago	0.05 bp	4.3 bp −$4	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 44 min ago	10.10 bp	14.6 bp −$15	15.0 bp −$150	22.9 bp −$2,289	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0612%	1h	92.700	−0.050%	$198K	$365K	15x	as long as short
Aster CLUSD1	−0.0310%	4h	92.762	+0.017%	$23.9M	$73.9M	20x	as long as short
GRVT CL_USDT_Perp	−0.0266%	4h	92.746	0.000%	$53K	$631K	25x	as long as short
Binance CLUSDT	−0.0260%	4h	92.750	+0.004%	$244.1M	$982.1M	100x	as long as short
Variational Omni CL	−0.0256%	4h	92.710	−0.039%	$13.3M	$11.1M	—	as long as short
Gate CL_USDT	−0.0126%	8h	92.690	−0.060%	$20.8M	$53.6M	100x	as long as short
tradeXYZ xyz:CL	−0.0056%	1h	92.758	+0.013%	$184.3M	$220.3M	20x	as long as short
Nado WTI-PERP	−0.0053%	1h	92.800	+0.059%	$965K	$678K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	+0.004%	$402K	$946K	15x	as long as short
Ondo Perps WTI-USD.P	−0.0043%	1h	92.690	−0.060%	$3.5M	$5.7M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.786	+0.043%	$271K	$874K	25x	as long as short
QFEX CL-USD	−0.0033%	1h	92.730	−0.017%	$2.5M	$1.7M	10x	as long as short
OKX CL-USDT-SWAP	−0.0016%	4h	92.730	−0.017%	$42.7M	$105.4M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.757	+0.012%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.760	+0.015%	$26.9M	$82.6M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.737	−0.010%	$41.9M	$44.2M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.770	+0.026%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.749	+0.003%	$17K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.296	−0.485%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0026%	8h	92.740	−0.006%	$16K	$367	5x	as long as short
Aftermath Perps WTIUSD	+0.0029%	1h	92.787	+0.044%	$2K	$27K	5x	as long as short
Lighter WTI	+0.0032%	1h	92.751	+0.005%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.800	+0.058%	$2.1M	$24.7M	10x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.868	+0.132%	$3.3M	$2.7M	20x	as long as short
edgeX CLUSDCshort	+0.0038%	4h	92.754	+0.008%	$533K	$297K	30x
StandX CL-USD	+0.0040%	1h	92.340	−0.438%	$726K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.770	+0.026%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.756	+0.011%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.738	−0.009%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTM	+0.0074%	4h	92.763	+0.018%	$7.2M	$2.3M	50x	as long as short
Pacifica CLlong	+0.0100%	1h	92.746	long leg	$331K	$618K	10x
ApeX Omni CLUSDT	+0.0100%	1h	92.770	+0.026%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.705	−0.044%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.745	−0.001%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.83	+9.798%	$19K	$11K	30x	as long as short