Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0185%/8h= −20.2% APRpaid last 24h −0.037%

Price spread now: edgeX against Aevo−0.057%72s7-day average — · you buy dearer than you sell

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

Long on Aevo Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and edgeX is 0.057% cheaper against Aevo than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 72 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	Aevo WTIOIL-PERP	93.431	0.0104	pay 0.0013% / 1h	26m 17s	$4K	—	10x
Short	edgeX CLUSDC	93.377	−0.0081	pay 0.0040% / 4h	2h 26m	$525K	$305K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Aevo. 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 AevobpFee edgeXbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$38.79
Price spread: −0.057% → 0.000%: −$5.75
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$69.54
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; edgeX: live order book, 22 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 Aevo no order-book sample	—	—	—	—	—
Sell edgeX live order book, 22 min ago	10.07 bp	14.6 bp −$15	14.7 bp −$147	21.3 bp −$2,126	doesn't fit

Aevo: 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
Deribit WTIOIL_USDC-PERPETUAL	−0.0392%	1h	93.440	+0.010%	$197K	$374K	15x	as long as short
GRVT CL_USDT_Perp	−0.0320%	4h	93.424	−0.008%	$58K	$639K	25x	as long as short
Aster CLUSD1	−0.0303%	4h	93.470	+0.042%	$24.4M	$65.1M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.464	+0.035%	$285K	$960K	25x	as long as short
Binance CLUSDT	−0.0190%	4h	93.462	+0.034%	$246.6M	$933.5M	100x	as long as short
Variational Omni CL	−0.0184%	4h	93.331	−0.107%	$13.3M	$10.8M	—	as long as short
Aftermath Perps WTIUSD	−0.0149%	1h	93.434	+0.003%	$2K	$26K	5x	as long as short
Nado WTI-PERP	−0.0133%	1h	93.484	+0.057%	$967K	$617K	10x	as long as short
Bitget CLUSDT	−0.0132%	4h	93.445	+0.015%	$42.1M	$42.9M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0117%	1h	93.400	−0.033%	$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
edgeX CLUSDCshort	−0.0081%	4h	93.377	−0.057%	$525K	$305K	30x
Gate CL_USDT	−0.0078%	8h	93.400	−0.033%	$21.8M	$49.7M	100x	as long as short
tradeXYZ xyz:CL	−0.0064%	1h	93.459	+0.030%	$185.0M	$214.8M	20x	as long as short
OKX CL-USDT-SWAP	−0.0059%	4h	93.460	+0.031%	$42.7M	$102.6M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.290%	$403K	$928K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.460	+0.031%	$2.3M	$2.4M	10x	as long as short
dYdX WTI-USD	0.0000%	1h	93.496	+0.069%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.470	+0.042%	$27.1M	$79.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.507	+0.081%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.380	−0.054%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.463	+0.035%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.005	−0.456%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0006%	8h	93.434	+0.004%	$16K	$367	5x	as long as short
Lighter WTI	+0.0008%	1h	93.456	+0.027%	$11.2M	$9.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.500	+0.074%	$2.0M	$17.3M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.440	+0.010%	$740K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.450	+0.021%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.454	+0.025%	$332K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.450	+0.021%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.460	+0.031%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0060%	4h	93.509	+0.084%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.500	+0.074%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERPlong	+0.0104%	1h	93.431	long leg	$4K	—	10x
BloFin CL-USDT	+0.0179%	4h	93.490	+0.063%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.60	+9.817%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0237% / S −0.0169%	1h	93.455	+0.026%	$84K	—	111x	as long as short