Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h −0.023%

Price spread now: edgeX against RISEx−0.020%7-day average −0.062% · 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−$34as in the Price arb table

costs, in and out, $10k−$380.382% of the position

Long on RISEx Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.192%−$19 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now −0.020%, 7d avg −0.062%

Together, before fees−0.209%+ Points / potential airdropedgeX: Active · farm board−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.042% dearer against RISEx than usual: you sell high and buy low (spread −0.020% now, against its 7-day average of −0.062%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.5 days. At the pace of the last 4 days (−0.192% in total) that is about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx CL/USDC	93.711	0	get 0.0000% / 1h	47m 22s	$3.1M	$2.8M	20x
Short	edgeX CLUSDC	93.692	−0.0031	pay 0.0015% / 4h	1h 47m	$527K	$306K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against RISEx. 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 RISExbpFee edgeXbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$6.47
Price spread: −0.020% → −0.062%: $4.2
Slippage, 4 orders: −$23.24
Fee RISEx: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$40.51
Costs to cover: 0.382%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; edgeX: live order book, 61 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 RISEx live order book, 2 min ago	1.55 bp	4.5 bp −$5	5.2 bp −$52	doesn't fit	doesn't fit
Sell edgeX live order book, 61 min ago	10.07 bp	14.6 bp −$15	14.7 bp −$147	21.3 bp −$2,126	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	93.650	−0.065%	$197K	$380K	15x	as long as short
Aster CLUSD1	−0.0260%	4h	93.694	−0.018%	$24.5M	$65.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0248%	4h	93.618	−0.099%	$58K	$629K	25x	as long as short
Binance CLUSDT	−0.0148%	4h	93.650	−0.065%	$246.5M	$927.8M	100x	as long as short
Variational Omni CL	−0.0143%	4h	93.640	−0.076%	$13.5M	$10.7M	—	as long as short
Aftermath Perps WTIUSD	−0.0139%	1h	93.650	−0.064%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.674	−0.039%	$286K	$953K	25x	as long as short
Bitget CLUSDT	−0.0104%	4h	93.635	−0.081%	$42.2M	$42.6M	100x	as long as short
Gate CL_USDT	−0.0093%	8h	93.580	−0.140%	$22.2M	$48.5M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0059%	1h	93.670	−0.044%	$3.5M	$5.4M	20x	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	−0.0046%	1h	93.647	−0.068%	$185.0M	$210.9M	20x	as long as short
edgeX CLUSDCshort	−0.0031%	4h	93.692	−0.020%	$527K	$306K	30x
QFEX CL-USD	−0.0023%	1h	93.640	−0.076%	$2.3M	$2.5M	10x	as long as short
Nado WTI-PERP	−0.0022%	1h	93.733	+0.024%	$966K	$629K	10x	as long as short
OKX CL-USDT-SWAP	−0.0018%	4h	93.640	−0.076%	$42.7M	$102.1M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.225%	$404K	$931K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.734	+0.025%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.670	−0.044%	$27.3M	$79.6M	150x	as long as short
RISEx CL/USDClong	0.0000%	1h	93.711	long leg	$3.1M	$2.8M	20x
Phoenix WTIOIL	0.0000%	1h	93.730	+0.021%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.662	−0.052%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.196	−0.549%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0029%	8h	93.644	−0.071%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.651	−0.064%	$11.3M	$9.6M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.690	−0.022%	$2.0M	$16.1M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.690	−0.022%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.660	−0.054%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.642	−0.073%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.670	−0.044%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.653	−0.062%	$333K	$576K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.664	−0.050%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.760	+0.053%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.655	−0.060%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0218%	4h	93.730	+0.021%	$4.0M	$981K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.74	+9.639%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0245% / S −0.0178%	1h	93.655	−0.060%	$84K	—	111x	as long as short