Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.021%

Price spread now: SoDEX against edgeX+0.072%7-day average −0.002% · 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−$61as in the Price arb table

costs, in and out, $10k−$680.682% of the position

Long on edgeX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.123%+$12 on $10k

Price spread, last 4 days (all we have)−0.217%−$22 · spread now +0.072%, 7d avg −0.002%

Together, before fees−0.095%+ Points / potential airdropedgeX: Active · farm board−$9 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 SoDEX is 0.074% dearer against edgeX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CLUSDC	93.238	−0.0017	get 0.0008% / 4h	3h 41m	$524K	$305K	30x
Short	SoDEX CL-USD	93.305	0.0050	get 0.0006% / 1h	41m 01s	$2.1M	$60K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.072%Rate

Funding earned: $14.03
Price spread: +0.072% → −0.002%: $7.39
Slippage, 4 orders: −$51.19
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$46.77
Costs to cover: 0.682%
Break-even: 30.3 days

Slippage from edgeX: live order book, 13 min ago; SoDEX: live order book, 3 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, 13 min ago	10.27 bp	14.8 bp −$15	15.2 bp −$152	21.4 bp −$2,145	doesn't fit
Sell SoDEX live order book, 3 min ago	0.54 bp	18.8 bp −$19	97.3 bp −$973	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	−0.0607%	1h	93.260	+0.024%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0263%	4h	93.326	+0.094%	$24.1M	$66.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0226%	4h	93.196	−0.046%	$54K	$645K	25x	as long as short
Binance CLUSDT	−0.0173%	4h	93.300	+0.066%	$245.5M	$940.8M	100x	as long as short
Variational Omni CL	−0.0159%	4h	93.269	+0.033%	$13.4M	$10.9M	—	as long as short
Nado WTI-PERP	−0.0130%	1h	93.321	+0.089%	$965K	$636K	10x	as long as short
Bitget CLUSDT	−0.0122%	4h	93.281	+0.046%	$42.0M	$43.3M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0118%	1h	93.230	−0.009%	$3.5M	$5.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0112%	1h	93.222	−0.017%	$2K	$27K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.305	+0.072%	$277K	$960K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0052%	8h	93.250	+0.013%	$21.1M	$51.0M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.190	−0.052%	$401K	$927K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.260	+0.024%	$2.3M	$1.8M	10x	as long as short
OKX CL-USDT-SWAP	−0.0031%	4h	93.300	+0.066%	$42.7M	$103.0M	50x	as long as short
edgeX CLUSDClong	−0.0017%	4h	93.238	long leg	$524K	$305K	30x
Phoenix WTIOIL	−0.0009%	1h	93.300	+0.066%	$37K	$41K	20x	as long as short
KuCoin CLUSDTM	−0.0008%	4h	93.318	+0.086%	$7.1M	$2.4M	50x	as long as short
tradeXYZ xyz:CL	−0.0004%	1h	93.309	+0.076%	$184.8M	$219.1M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.272	+0.037%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.320	+0.088%	$27.0M	$80.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.356	+0.126%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.293	+0.059%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.848	−0.418%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0017%	8h	93.268	+0.032%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.302	+0.069%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.330	+0.099%	$2.0M	$19.4M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.180	−0.062%	$737K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.280	+0.045%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.286	+0.051%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USDshort	+0.0050%	1h	93.305	+0.072%	$2.1M	$60K	20x
Pacifica CL	+0.0100%	1h	93.276	+0.041%	$331K	$597K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.290	+0.056%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.248	+0.011%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0207%	4h	93.270	+0.034%	$4.0M	$1.0M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0220% / S −0.0148%	1h	93.285	+0.050%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.17	+9.575%	$19K	$11K	30x	as long as short