Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h −0.024%

Price spread now: edgeX against ApeX Omni−0.042%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$680.684% of the position

Long on ApeX Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.431%−$43 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now −0.042%, 7d avg −0.012%

Together, before fees−0.424%+ Points / potential airdropedgeX: Active · farm board−$42 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 0.030% cheaper against ApeX Omni than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.012%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni CLUSDT	92.760	0.0100	pay 0.0013% / 1h	35m 42s	$56K	$265K	50x
Short	edgeX CLUSDC	92.721	0.0018	get 0.0009% / 4h	2h 35m	$533K	$297K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against ApeX Omni. 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 ApeX OmnibpFee edgeXbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$17.25
Price spread: −0.042% → −0.012%: −$3.03
Slippage, 4 orders: −$49.43
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$88.71
Costs to cover: 0.684%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 31 min ago; edgeX: live order book, 33 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 ApeX Omni live order book, 31 min ago	8.63 bp	19.3 bp −$19	176.9 bp −$1,769	doesn't fit	doesn't fit
Sell edgeX live order book, 33 min ago	10.10 bp	14.6 bp −$15	15.0 bp −$150	22.9 bp −$2,289	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	−0.0612%	1h	92.740	−0.022%	$198K	$366K	15x	as long as short
Aster CLUSD1	−0.0329%	4h	92.770	+0.011%	$23.9M	$74.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0296%	4h	92.686	−0.080%	$50K	$633K	25x	as long as short
Binance CLUSDT	−0.0272%	4h	92.750	−0.011%	$244.3M	$991.8M	100x	as long as short
Variational Omni CL	−0.0265%	4h	92.761	+0.001%	$13.3M	$11.1M	—	as long as short
Gate CL_USDT	−0.0154%	8h	92.720	−0.043%	$20.9M	$53.1M	100x	as long as short
tradeXYZ xyz:CL	−0.0068%	1h	92.761	+0.001%	$185.0M	$221.7M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0065%	1h	92.710	−0.054%	$3.5M	$5.7M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.030	−0.787%	$399K	$939K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.800	+0.043%	$275K	$870K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WTI-PERP	−0.0036%	1h	92.809	+0.053%	$936K	$677K	10x	as long as short
QFEX CL-USD	−0.0033%	1h	92.740	−0.022%	$2.5M	$1.7M	10x	as long as short
OKX CL-USDT-SWAP	−0.0010%	4h	92.760	0.000%	$42.8M	$106.0M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.754	−0.007%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.770	+0.011%	$26.3M	$82.9M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.757	−0.003%	$41.9M	$45.8M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.790	+0.032%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.768	+0.009%	$17K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.338	−0.455%	$5K	—	150x	as long as short
edgeX CLUSDCshort	+0.0018%	4h	92.721	−0.042%	$533K	$297K	30x
Paradex CL-USD-PERP	+0.0023%	8h	92.740	−0.022%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0024%	1h	92.810	+0.054%	$2.1M	$25.0M	10x	as long as short
Lighter WTI	+0.0032%	1h	92.760	0.000%	$11.2M	$10.2M	20x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.883	+0.133%	$3.3M	$2.7M	20x	as long as short
Aftermath Perps WTIUSD	+0.0038%	1h	92.757	−0.003%	$2K	$28K	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.380	−0.410%	$726K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.790	+0.032%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.775	+0.016%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.779	+0.020%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTM	+0.0068%	4h	92.800	+0.043%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.763	+0.003%	$331K	$616K	10x	as long as short
ApeX Omni CLUSDTlong	+0.0100%	1h	92.760	long leg	$56K	$265K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	92.744	−0.018%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.765	+0.005%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.83	+9.781%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0228%	4h	92.730	−0.032%	$4.0M	$1.2M	50x	as long as short