Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.018%

Price spread now: edgeX against SoDEX−0.041%7-day average +0.005% · 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−$72as in the Price arb table

costs, in and out, $10k−$680.675% of the position

Long on SoDEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.117%−$12 on $10k

Price spread, last 4 days (all we have)+0.428%+$43 · spread now −0.041%, 7d avg +0.005%

Together, before fees+0.311%+ Points / potential airdropedgeX: Active · farm board+$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and edgeX is 0.045% cheaper against SoDEX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.005%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX CL-USD	92.982	0.0050	pay 0.0006% / 1h	4m 39s	$2.1M	$60K	20x
Short	edgeX CLUSDC	92.944	−0.0030	pay 0.0015% / 4h	1h 04m	$529K	$302K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against SoDEX. 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 SoDEXbpFee edgeXbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$16.81
Price spread: −0.041% → +0.005%: −$4.54
Slippage, 4 orders: −$50.53
Fee SoDEX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$88.88
Costs to cover: 0.675%
Break-even: never at this rate

Slippage from SoDEX: live order book, 4 min ago; edgeX: live order book, 59 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 SoDEX live order book, 4 min ago	0.54 bp	19.6 bp −$20	84.9 bp −$849	doesn't fit	doesn't fit
Sell edgeX live order book, 59 min ago	10.13 bp	14.6 bp −$15	14.9 bp −$149	21.5 bp −$2,152	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	−0.0502%	1h	92.960	−0.024%	$199K	$369K	15x	as long as short
Aster CLUSD1	−0.0264%	4h	93.020	+0.041%	$24.0M	$68.1M	20x	as long as short
GRVT CL_USDT_Perp	−0.0246%	4h	92.885	−0.104%	$53K	$635K	25x	as long as short
Binance CLUSDT	−0.0207%	4h	93.050	+0.073%	$244.9M	$953.0M	100x	as long as short
Variational Omni CL	−0.0200%	4h	92.957	−0.027%	$13.5M	$11.2M	—	as long as short
Ondo Perps WTI-USD.P	−0.0165%	1h	93.000	+0.019%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0147%	1h	93.049	+0.072%	$962K	$655K	10x	as long as short
OKX CL-USDT-SWAP	−0.0083%	4h	93.050	+0.073%	$42.8M	$102.4M	50x	as long as short
Extended WTI-USD	−0.0080%	1h	93.100	+0.127%	$2.1M	$22.1M	10x	as long as short
Aftermath Perps WTIUSD	−0.0075%	1h	92.967	−0.016%	$2K	$27K	5x	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	−0.0074%	1h	93.028	+0.049%	$185.2M	$217.3M	20x	as long as short
Gate CL_USDT	−0.0061%	8h	93.000	+0.019%	$20.9M	$53.2M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.250%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.960	−0.024%	$2.5M	$1.7M	10x	as long as short
edgeX CLUSDCshort	−0.0030%	4h	92.944	−0.041%	$529K	$302K	30x
Bitget CLUSDT	−0.0028%	4h	93.050	+0.073%	$42.0M	$43.6M	100x	as long as short
Lighter WTI	0.0000%	1h	93.039	+0.061%	$11.2M	$10.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.014	+0.034%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.060	+0.084%	$26.6M	$80.9M	150x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.010	+0.030%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.980	−0.002%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.546	−0.469%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0006%	4h	93.026	+0.047%	$7.1M	$2.4M	50x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	93.032	+0.053%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.940	−0.045%	$733K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.000	+0.019%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.990	+0.009%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USDlong	+0.0050%	1h	92.982	long leg	$2.1M	$60K	20x
RISEx CL/USDC	+0.0066%	1h	93.153	+0.184%	$3.1M	$2.9M	20x	as long as short
Pacifica CL	+0.0100%	1h	93.041	+0.063%	$331K	$619K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.960	−0.024%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.952	−0.033%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	93.006	+0.025%	$274K	$872K	25x	as long as short
BloFin CL-USDT	+0.0159%	4h	93.000	+0.019%	$4.1M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0209% / S −0.0134%	1h	92.975	−0.008%	$79K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.10	+9.804%	$19K	$11K	30x	as long as short