Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h −0.007%

Price spread now: gTrade (Gains Network) against edgeX−0.500%7-day average — · you buy dearer than you sell

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

Long on edgeX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (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. gTrade (Gains Network) is 0.500% cheaper against edgeX than usual: you would sell low and buy high (spread −0.500% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$50 on $10k: about 5 months of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CLUSDC	92.897	−0.0047	get 0.0023% / 4h	1h 46m	$529K	$303K	30x
Short	gTrade (Gains Network) WTI/USD	92.433	L 0.0000% / S +0.0036%	pay 0.0004% / 1h	46m 44s	$5K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.500%Rate

Funding earned: $2.3
Price spread: −0.500% → 0.000%: −$50
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Net: −$64.7
Costs to cover: 0.170%
Break-even: 204.2 days

Slippage unknown: edgeX: live order book, 17 min ago; gTrade (Gains Network): no order-book sample. 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 edgeX live order book, 17 min ago	10.13 bp	14.6 bp −$15	15.0 bp −$150	22.8 bp −$2,277	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.0719%	1h	92.830	−0.073%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0241%	4h	92.880	−0.019%	$24.0M	$70.1M	20x	as long as short
GRVT CL_USDT_Perp	−0.0208%	4h	92.953	+0.059%	$61K	$633K	25x	as long as short
Binance CLUSDT	−0.0206%	4h	92.860	−0.040%	$244.5M	$956.4M	100x	as long as short
Variational Omni CL	−0.0200%	4h	92.927	+0.032%	$13.5M	$11.1M	—	as long as short
Ondo Perps WTI-USD.P	−0.0142%	1h	92.830	−0.073%	$3.5M	$5.7M	20x	as long as short
Nado WTI-PERP	−0.0129%	1h	92.952	+0.058%	$962K	$668K	10x	as long as short
Gate CL_USDT	−0.0100%	8h	92.800	−0.105%	$20.9M	$52.2M	100x	as long as short
tradeXYZ xyz:CL	−0.0055%	1h	92.888	−0.010%	$184.7M	$218.5M	20x	as long as short
edgeX CLUSDClong	−0.0047%	4h	92.897	long leg	$529K	$303K	30x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.159%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.870	−0.030%	$2.5M	$1.7M	10x	as long as short
Aftermath Perps WTIUSD	−0.0023%	1h	92.887	−0.011%	$2K	$28K	5x	as long as short
OKX CL-USDT-SWAP	−0.0013%	4h	92.860	−0.040%	$42.8M	$102.4M	50x	as long as short
Lighter WTI	0.0000%	1h	92.878	−0.021%	$11.2M	$10.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.917	+0.021%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.890	−0.008%	$26.9M	$81.0M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.861	−0.039%	$41.9M	$43.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.930	+0.035%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.883	−0.016%	$18K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USDshort	L 0.0000% / S +0.0036%	1h	92.433	−0.500%	$5K	—	150x
Extended WTI-USD	+0.0032%	1h	92.900	+0.003%	$2.1M	$23.3M	10x	as long as short
Paradex CL-USD-PERP	+0.0033%	8h	92.883	−0.016%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.450	−0.482%	$727K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.910	+0.014%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.899	+0.002%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.860	−0.040%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	93.013	+0.124%	$3.3M	$2.7M	20x	as long as short
KuCoin CLUSDTM	+0.0068%	4h	92.890	−0.008%	$7.3M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.879	−0.020%	$332K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.850	−0.051%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.851	−0.050%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.872	−0.027%	$273K	$875K	25x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.865	−0.035%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.15	+9.957%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0228%	4h	92.850	−0.051%	—	$1.1M	50x	as long as short