Funding arb · Price arb /

CL

RWAall CL markets

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: ApeX Omni against edgeX+0.128%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

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

Long on edgeX Short on ApeX Omni

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)−0.094%−$9 · spread now +0.128%, 7d avg +0.012%

Together, before fees+0.337%+ Points / potential airdropedgeX: Active · farm board+$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.117% dearer against edgeX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CLUSDC	92.721	0.0018	pay 0.0009% / 4h	2h 35m	$533K	$297K	30x
Short	ApeX Omni CLUSDT	92.840	0.0100	get 0.0013% / 1h	35m 38s	$56K	$265K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against edgeX. 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 edgeXbpFee ApeX OmnibpOrdersPrice spread, now +0.128%Rate

Funding earned: $17.25
Price spread: +0.128% → +0.012%: $11.66
Slippage, 4 orders: −$49.43
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$39.52
Costs to cover: 0.684%
Break-even: 23.0 days

Slippage from edgeX: live order book, 33 min ago; ApeX Omni: live order book, 31 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 edgeX live order book, 33 min ago	10.10 bp	14.6 bp −$15	14.8 bp −$148	21.2 bp −$2,119	doesn't fit
Sell ApeX Omni live order book, 31 min ago	8.63 bp	19.9 bp −$20	193.7 bp −$1,937	doesn't fit	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	+0.020%	$198K	$366K	15x	as long as short
Aster CLUSD1	−0.0329%	4h	92.770	+0.053%	$23.9M	$74.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0296%	4h	92.686	−0.038%	$50K	$633K	25x	as long as short
Binance CLUSDT	−0.0272%	4h	92.757	+0.039%	$244.3M	$990.0M	100x	as long as short
Variational Omni CL	−0.0265%	4h	92.761	+0.042%	$13.3M	$11.1M	—	as long as short
Gate CL_USDT	−0.0153%	8h	92.710	−0.012%	$20.9M	$53.1M	100x	as long as short
tradeXYZ xyz:CL	−0.0068%	1h	92.761	+0.043%	$185.0M	$221.7M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0065%	1h	92.730	+0.009%	$3.5M	$5.7M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.030	−0.745%	$399K	$939K	15x	as long as short
Nado WTI-PERP	−0.0039%	1h	92.810	+0.096%	$936K	$676K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.800	+0.085%	$275K	$870K	25x	as long as short
QFEX CL-USD	−0.0033%	1h	92.740	+0.020%	$2.5M	$1.7M	10x	as long as short
OKX CL-USDT-SWAP	−0.0010%	4h	92.770	+0.053%	$42.8M	$106.0M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.754	+0.035%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.780	+0.063%	$26.3M	$82.9M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.757	+0.039%	$41.9M	$45.8M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.790	+0.074%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.768	+0.051%	$17K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.338	−0.413%	$5K	—	150x	as long as short
edgeX CLUSDClong	+0.0018%	4h	92.721	long leg	$533K	$297K	30x
Paradex CL-USD-PERP	+0.0024%	8h	92.755	+0.037%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0024%	1h	92.800	+0.085%	$2.1M	$25.0M	10x	as long as short
Lighter WTI	+0.0032%	1h	92.760	+0.042%	$11.2M	$10.2M	20x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.887	+0.178%	$3.3M	$2.7M	20x	as long as short
Aftermath Perps WTIUSD	+0.0038%	1h	92.757	+0.039%	$2K	$28K	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.350	−0.400%	$726K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.790	+0.074%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.775	+0.058%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.779	+0.062%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTM	+0.0068%	4h	92.800	+0.085%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.763	+0.045%	$331K	$616K	10x	as long as short
ApeX Omni CLUSDTshort	+0.0100%	1h	92.840	+0.128%	$56K	$265K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	92.744	+0.024%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.765	+0.047%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.83	+9.827%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0228%	4h	92.730	+0.009%	$4.0M	$1.2M	50x	as long as short