Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0329%/8h= −36.0% APRpaid last 24h −0.040%

Price spread now: Deribit against edgeX+0.005%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on edgeX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.005%, 7d avg +0.021%

Together, before fees−0.037%+ Points / potential airdropedgeX: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.030% in total (about 2.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CLUSDC	93.655	−0.0061	get 0.0031% / 4h	56m 31s	$527K	$306K	30x
Short	Deribit WTIOIL_USDC-PERPETUAL	93.660	−0.0390	pay 0.0049% / 1h	56m 31s	$196K	$389K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$69.08
Price spread: +0.005% → +0.021%: −$1.56
Slippage, 4 orders: −$23.59
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$110.23
Costs to cover: 0.396%
Break-even: never at this rate

Slippage from edgeX: live order book, 47 min ago; Deribit: live order book, 47 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, 47 min ago	10.20 bp	14.7 bp −$15	14.9 bp −$149	21.5 bp −$2,149	doesn't fit
Sell Deribit live order book, 47 min ago	0.53 bp	4.0 bp −$4	5.7 bp −$57	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-PERPETUALshort	−0.0390%	1h	93.660	+0.005%	$196K	$389K	15x
GRVT CL_USDT_Perp	−0.0308%	4h	93.381	−0.292%	$53K	$607K	25x	as long as short
Aster CLUSD1	−0.0291%	4h	93.710	+0.059%	$24.7M	$64.6M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0208%	1h	93.711	+0.059%	$276K	$966K	25x	as long as short
Binance CLUSDT	−0.0166%	4h	93.680	+0.027%	$247.6M	$921.5M	100x	as long as short
Variational Omni CL	−0.0159%	4h	93.419	−0.253%	$13.4M	$10.7M	—	as long as short
Gate CL_USDT	−0.0126%	8h	93.630	−0.027%	$22.9M	$48.3M	100x	as long as short
Bitget CLUSDT	−0.0124%	4h	93.657	+0.002%	$42.4M	$42.1M	100x	as long as short
Aftermath Perps WTIUSD	−0.0123%	1h	93.564	−0.098%	$2K	$26K	5x	as long as short
Nado WTI-PERP	−0.0090%	1h	93.731	+0.081%	$963K	$629K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDClong	−0.0061%	4h	93.655	long leg	$527K	$306K	30x
OKX CL-USDT-SWAP	−0.0057%	4h	93.690	+0.037%	$42.8M	$103.2M	50x	as long as short
QFEX CL-USD	−0.0038%	1h	93.690	+0.037%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	−0.123%	$405K	$862K	15x	as long as short
Lighter WTI	0.0000%	1h	93.693	+0.040%	$11.3M	$9.1M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.699	+0.047%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.690	+0.037%	$26.9M	$79.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.725	+0.075%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.720	+0.069%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.667	+0.012%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.238	−0.445%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0003%	8h	93.675	+0.022%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.720	+0.069%	$1.9M	$15.0M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0038%	1h	93.650	−0.006%	$3.7M	$5.4M	20x	as long as short
StandX CL-USD	+0.0040%	1h	93.720	+0.069%	$743K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.670	+0.016%	—	$313K	10x	as long as short
tradeXYZ xyz:CL	+0.0047%	1h	93.715	+0.064%	$185.3M	$205.1M	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.670	+0.016%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.692	+0.039%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.716	+0.065%	$350K	$594K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.739	+0.090%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.480	−0.187%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.679	+0.025%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0183%	4h	93.700	+0.048%	$4.1M	$973K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.83	+9.799%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0251% / S −0.0186%	1h	93.705	+0.053%	$84K	—	111x	as long as short