Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0146%/8h= −16.0% APRpaid last 24h −0.021%

Price spread now: edgeX against Polymarket Perps+0.033%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$430.432% of the position

Long on Polymarket Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.373%−$37 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.033%, 7d avg −0.043%

Together, before fees−0.457%+ Points / potential airdropedgeX: Active · farm board−$46 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.076% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of −0.043%): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps WTIOIL-USD	93.662	0.0050	pay 0.0006% / 1h	30m 35s	$1.7M	$1.3M	20x
Short	edgeX CLUSDC	93.693	−0.0096	pay 0.0048% / 4h	1h 30m	$527K	$306K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Polymarket 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 Polymarket PerpsbpFee edgeXbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$30.71
Price spread: +0.033% → −0.043%: $7.61
Slippage, 4 orders: −$26.15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$66.26
Costs to cover: 0.432%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; edgeX: live order book, 13 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 Polymarket Perps live order book, 3 min ago	2.56 bp	7.1 bp −$7	9.3 bp −$93	12.4 bp −$1,245	doesn't fit
Sell edgeX live order book, 13 min ago	10.20 bp	14.7 bp −$15	14.9 bp −$149	22.1 bp −$2,206	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	−0.0390%	1h	93.630	−0.034%	$197K	$383K	15x	as long as short
Aster CLUSD1	−0.0269%	4h	93.683	+0.022%	$24.6M	$65.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0256%	4h	93.710	+0.052%	$58K	$618K	25x	as long as short
Binance CLUSDT	−0.0146%	4h	93.657	−0.006%	$247.2M	$918.0M	100x	as long as short
Aftermath Perps WTIUSD	−0.0142%	1h	93.683	+0.022%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.669	+0.007%	$283K	$960K	25x	as long as short
Variational Omni CL	−0.0135%	4h	93.659	−0.004%	$13.5M	$10.6M	—	as long as short
Ondo Perps WTI-USD.P	−0.0115%	1h	93.610	−0.056%	$3.5M	$5.4M	20x	as long as short
Gate CL_USDT	−0.0105%	8h	93.590	−0.077%	$22.4M	$49.2M	100x	as long as short
Bitget CLUSDT	−0.0100%	4h	93.639	−0.025%	$42.3M	$42.0M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDCshort	−0.0096%	4h	93.693	+0.033%	$527K	$306K	30x
tradeXYZ xyz:CL	−0.0070%	1h	93.656	−0.006%	$185.1M	$206.7M	20x	as long as short
Nado WTI-PERP	−0.0054%	1h	93.707	+0.048%	$966K	$621K	10x	as long as short
QFEX CL-USD	−0.0023%	1h	93.670	+0.009%	$2.3M	$2.5M	10x	as long as short
OKX CL-USDT-SWAP	−0.0014%	4h	93.660	−0.002%	$42.6M	$101.4M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.173%	$404K	$916K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.733	+0.076%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.667	+0.005%	$27.0M	$79.0M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.721	+0.063%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.760	+0.105%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.677	+0.016%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.188	−0.506%	$5K	—	150x	as long as short
Lighter WTI	+0.0024%	1h	93.665	+0.003%	$11.3M	$9.6M	20x	as long as short
Paradex CL-USD-PERP	+0.0027%	8h	93.651	−0.012%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.700	+0.041%	$2.0M	$15.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.680	+0.019%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.670	+0.009%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USDlong	+0.0050%	1h	93.662	long leg	$1.7M	$1.3M	20x
SoDEX CL-USD	+0.0050%	1h	93.659	−0.003%	$2.1M	$61K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.662	0.000%	$333K	$575K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.683	+0.022%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.690	+0.030%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.641	−0.023%	$4K	—	10x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.97	+9.941%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0224%	4h	93.660	−0.002%	$4.0M	$977K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0246% / S −0.0179%	1h	93.675	+0.014%	$84K	—	111x	as long as short