Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h −0.003%

Price spread now: edgeX against dYdX−0.093%51s7-day average — · you buy dearer than you sell

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

Long on dYdX 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

Funding pays, the price is against you. edgeX is 0.093% cheaper against dYdX than usual: you would sell low and buy high (spread −0.093% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 8.9 days of funding at the current rate (+$1 a day). The two prices were read 51 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	dYdX WTI-USD	92.196	0	get 0.0000% / 1h	36m 32s	$8K	$3K	5x
Short	edgeX CLUSDC	92.111	0.0035	get 0.0017% / 4h	36m 32s	$530K	$332K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against dYdX. 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 dYdXbpFee edgeXbpOrdersPrice spread, now −0.093%Rate

Funding earned: $7.34
Price spread: −0.093% → 0.000%: −$9.3
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$20.96
Costs to cover: 0.190%
Break-even: 27.0 days

Slippage unknown: dYdX: no order-book sample; edgeX: live order book, 42 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 dYdX no order-book sample	—	—	—	—	—
Sell edgeX live order book, 42 min ago	9.94 bp	14.4 bp −$14	14.7 bp −$147	21.7 bp −$2,170	doesn't fit

dYdX: 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
Kraken Futures PF_WTIOILUSD	−0.0450%	1h	92.185	−0.013%	$274K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0314%	4h	92.040	−0.169%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0242%	4h	92.150	−0.050%	$24.0M	$77.5M	20x	as long as short
Binance CLUSDT	−0.0164%	4h	92.140	−0.061%	$245.1M	$1.10B	100x	as long as short
Nado WTI-PERP	−0.0163%	1h	92.196	0.000%	$924K	$740K	10x	as long as short
Variational Omni CL	−0.0138%	4h	92.053	−0.155%	$13.4M	$12.4M	—	as long as short
Lighter WTI	−0.0104%	1h	92.140	−0.061%	$11.2M	$10.9M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0096%	1h	92.130	−0.072%	$3.5M	$6.4M	20x	as long as short
Paradex CL-USD-PERP	−0.0093%	8h	92.110	−0.093%	$15K	$367	5x	as long as short
tradeXYZ xyz:CL	−0.0077%	1h	92.159	−0.040%	$187.1M	$274.8M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WTIOIL_USDC-PERPETUAL	−0.0075%	1h	92.160	−0.039%	$96K	$189K	15x	as long as short
QFEX CL-USD	−0.0054%	1h	92.120	−0.083%	$2.4M	$2.6M	10x	as long as short
Bullet WTIOIL-USD	−0.0041%	1h	92.147	−0.053%	$18K	$241K	10x	as long as short
Gate CL_USDT	−0.0029%	8h	92.080	−0.126%	$21.3M	$57.7M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.150	−0.050%	$333K	$576K	10x	as long as short
dYdX WTI-USDlong	0.0000%	1h	92.196	long leg	$8K	$3K	5x
Bybit CLUSDT	0.0000%	8h	92.160	−0.039%	$25.6M	$94.4M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.140	−0.061%	$43.0M	$112.8M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.249	+0.057%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.129	−0.073%	$42.0M	$51.7M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.120	−0.083%	$37K	$101K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.180%	$399K	$966K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.715	−0.522%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0016%	1h	92.170	−0.028%	$2.0M	$27.4M	10x	as long as short
edgeX CLUSDCshort	+0.0035%	4h	92.111	−0.093%	$530K	$332K	30x
StandX CL-USD	+0.0040%	1h	92.130	−0.072%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.180	−0.018%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.132	−0.070%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.145	−0.056%	$2.0M	$39K	20x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.176	−0.022%	$7.1M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.170	−0.028%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.119	−0.084%	$4K	—	10x	as long as short
Aftermath Perps WTIUSD	+0.0112%	1h	92.142	−0.059%	$2K	$29K	5x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.135	−0.066%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.18	+9.745%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.150	−0.050%	$4.0M	$1.4M	50x	as long as short