Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h +0.012%

Price spread now: edgeX against QFEX−0.053%57s7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$430.430% of the position

Long on QFEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.023%−$2 on $10k

Price spread, last 3 days (all we have)+0.058%+$6 · spread now −0.053%, 7d avg +0.002%

Together, before fees+0.035%+ Points / potential airdropedgeX: Active · farm board+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.055% cheaper against QFEX than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of +0.002%). If the spread goes back, that is −$6 on $10k: about 33 hours of funding at the current rate (+$4 a day). The two prices were read 57 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	QFEX CL-USD	92.450	−0.0040	get 0.0005% / 1h	35m 55s	$2.4M	$2.1M	10x
Short	edgeX CLUSDC	92.401	0.0096	get 0.0048% / 4h	3h 35m	$531K	$299K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against QFEX. 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 QFEXbpFee edgeXbpOrdersPrice spread, now −0.053%Rate

Funding earned: $28.51
Price spread: −0.053% → +0.002%: −$5.52
Slippage, 4 orders: −$24.01
Fee QFEX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$20.02
Costs to cover: 0.430%
Break-even: 11.9 days

Slippage from QFEX: live order book, 6 min ago; edgeX: live order book, 38 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 QFEX live order book, 6 min ago	1.62 bp	6.6 bp −$7	6.6 bp −$66	8.3 bp −$826	doesn't fit
Sell edgeX live order book, 38 min ago	9.98 bp	14.5 bp −$14	14.9 bp −$149	21.4 bp −$2,139	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
GRVT CL_USDT_Perp	−0.0364%	4h	92.380	−0.076%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0324%	4h	92.486	+0.039%	$24.0M	$81.1M	20x	as long as short
Binance CLUSDT	−0.0262%	4h	92.480	+0.032%	$245.1M	$1.08B	100x	as long as short
Variational Omni CL	−0.0254%	4h	92.451	+0.001%	$13.2M	$12.2M	—	as long as short
Gate CL_USDT	−0.0217%	8h	92.410	−0.043%	$21.3M	$54.8M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.495	+0.049%	$274K	$1.1M	25x	as long as short
Nado WTI-PERP	−0.0091%	1h	92.518	+0.073%	$932K	$732K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0074%	1h	92.480	+0.032%	$96K	$189K	15x	as long as short
Ondo Perps WTI-USD.P	−0.0051%	1h	92.450	0.000%	$3.5M	$6.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.454%	$399K	$960K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USDlong	−0.0040%	1h	92.450	long leg	$2.4M	$2.1M	10x
tradeXYZ xyz:CL	−0.0026%	1h	92.486	+0.039%	$186.6M	$256.5M	20x	as long as short
Paradex CL-USD-PERP	−0.0018%	8h	92.464	+0.016%	$15K	$367	5x	as long as short
Lighter WTI	0.0000%	1h	92.480	+0.032%	$11.2M	$10.1M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.483	+0.036%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.491	+0.044%	$26.1M	$92.7M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.440	−0.011%	$42.9M	$111.0M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.599	+0.161%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.482	+0.035%	$42.1M	$50.9M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.530	+0.087%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.465	+0.016%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.025	−0.460%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	92.510	+0.065%	$2.3M	$27.3M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.420	−0.032%	$723K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.500	+0.054%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.474	+0.026%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.470	+0.022%	$2.0M	$39K	20x	as long as short
edgeX CLUSDCshort	+0.0096%	4h	92.401	−0.053%	$531K	$299K	30x
Pacifica CL	+0.0100%	1h	92.477	+0.030%	$354K	$596K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.496	+0.050%	$7.2M	$2.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.470	+0.022%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.435	−0.016%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.465	+0.016%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.56	+9.850%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.400	−0.054%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0305%	1h	92.413	−0.040%	$2K	$28K	5x	as long as short