Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h −0.008%

Price spread now: edgeX against Vest−0.041%57s7-day average +0.879% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Vest Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.068%−$7 on $10k

Price spread, last 3 days (all we have)+0.347%+$35 · spread now −0.041%, 7d avg +0.879%

Together, before fees+0.279%+ Points / potential airdropVest: Active · edgeX: Active · farm board+$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and edgeX is 0.920% cheaper against Vest than usual: you would sell low and buy high (−$92 if the spread goes back to its 7-day average of +0.879%). Swap the legs. 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	Vest CL-PERP	92.500	0.0046	pay 0.0006% / 1h	29m 36s	—	$310K	10x
Short	edgeX CLUSDC	92.462	0.0027	get 0.0013% / 4h	3h 29m	$532K	$300K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Vest. 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 VestbpFee edgeXbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$4.01
Price spread: −0.041% → +0.879%: −$91.97
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$106.98
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; edgeX: live order book, 44 min ago. Net counts fees only.

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 Vest no order-book sample	—	—	—	—	—
Sell edgeX live order book, 44 min ago	9.98 bp	14.5 bp −$14	14.9 bp −$149	21.4 bp −$2,139	doesn't fit

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0346%	4h	92.450	−0.054%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0330%	4h	92.491	−0.010%	$24.0M	$79.8M	20x	as long as short
Binance CLUSDT	−0.0268%	4h	92.500	0.000%	$245.2M	$1.07B	100x	as long as short
Variational Omni CL	−0.0260%	4h	92.441	−0.064%	$13.1M	$12.3M	—	as long as short
Gate CL_USDT	−0.0222%	8h	92.440	−0.065%	$21.3M	$55.0M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.490	−0.011%	$274K	$1.1M	25x	as long as short
Nado WTI-PERP	−0.0076%	1h	92.509	+0.009%	$932K	$732K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0074%	1h	92.480	−0.022%	$96K	$189K	15x	as long as short
Ondo Perps WTI-USD.P	−0.0050%	1h	92.410	−0.097%	$3.5M	$6.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.508%	$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-USD	−0.0040%	1h	92.480	−0.022%	$2.4M	$2.1M	10x	as long as short
tradeXYZ xyz:CL	−0.0023%	1h	92.493	−0.008%	$186.6M	$257.1M	20x	as long as short
Paradex CL-USD-PERP	−0.0011%	8h	92.473	−0.029%	$15K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	92.483	−0.018%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.510	+0.011%	$26.3M	$92.7M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.480	−0.022%	$43.0M	$111.0M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.622	+0.132%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.497	−0.003%	$42.1M	$50.9M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.490	−0.011%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.465	−0.038%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.028	−0.510%	$5K	—	150x	as long as short
Lighter WTI	+0.0008%	1h	92.494	−0.006%	$11.2M	$10.1M	20x	as long as short
edgeX CLUSDCshort	+0.0027%	4h	92.462	−0.041%	$532K	$300K	30x
Extended WTI-USD	+0.0032%	1h	92.540	+0.043%	$2.3M	$26.9M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.360	−0.151%	$722K	$3.1M	40x	as long as short
Vest CL-PERPlong	+0.0046%	1h	92.500	long leg	—	$310K	10x
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.474	−0.028%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.468	−0.035%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.493	−0.008%	$356K	$603K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.513	+0.014%	$7.3M	$2.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.550	+0.054%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.430	−0.075%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.465	−0.038%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.56	+9.790%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.450	−0.054%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0268%	1h	92.473	−0.029%	$2K	$28K	5x	as long as short