Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0055%/8h= −6.1% APRpaid last 24h −0.021%

Price spread now: edgeX against Polymarket Perps+0.025%64s7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$420.422% of the position

Long on Polymarket Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.373%−$37 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.025%, 7d avg −0.043%

Together, before fees−0.454%+ Points / potential airdropedgeX: Active · farm board−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.068% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of −0.043%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.1 days. At the pace of the last 7 days (−0.373% in total) that is about 31 hours. The two prices were read 64 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	Polymarket Perps WTIOIL-USD	93.209	0.0050	pay 0.0006% / 1h	44m 25s	$1.7M	$1.3M	20x
Short	edgeX CLUSDC	93.232	−0.0005	pay 0.0003% / 4h	3h 44m	$524K	$308K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Polymarket Perps. 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 Polymarket PerpsbpFee edgeXbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$11.61
Price spread: +0.025% → −0.043%: $6.82
Slippage, 4 orders: −$25.24
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$47.02
Costs to cover: 0.422%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; edgeX: live order book, 9 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 Polymarket Perps live order book, 4 min ago	2.31 bp	6.4 bp −$6	8.1 bp −$81	11.8 bp −$1,179	doesn't fit
Sell edgeX live order book, 9 min ago	10.27 bp	14.8 bp −$15	15.0 bp −$150	21.6 bp −$2,158	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	−0.0715%	1h	93.180	−0.031%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0262%	4h	93.233	+0.026%	$24.1M	$67.0M	20x	as long as short
GRVT CL_USDT_Perp	−0.0192%	4h	93.168	−0.044%	$54K	$658K	25x	as long as short
Binance CLUSDT	−0.0172%	4h	93.201	−0.009%	$245.4M	$942.4M	100x	as long as short
Variational Omni CL	−0.0160%	4h	93.169	−0.043%	$13.4M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0130%	1h	93.258	+0.052%	$964K	$642K	10x	as long as short
Bitget CLUSDT	−0.0122%	4h	93.196	−0.014%	$42.0M	$43.3M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0118%	1h	93.110	−0.106%	$3.5M	$5.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0111%	1h	93.187	−0.024%	$2K	$27K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.217	+0.008%	$269K	$947K	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	−0.0050%	8h	93.160	−0.053%	$21.0M	$50.9M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.190	−0.020%	$401K	$928K	15x	as long as short
OKX CL-USDT-SWAP	−0.0033%	4h	93.200	−0.010%	$42.7M	$102.9M	50x	as long as short
QFEX CL-USD	−0.0033%	1h	93.180	−0.031%	$2.3M	$1.8M	10x	as long as short
KuCoin CLUSDTM	−0.0012%	4h	93.228	+0.020%	$7.1M	$2.4M	50x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.230	+0.023%	$37K	$41K	20x	as long as short
edgeX CLUSDCshort	−0.0005%	4h	93.232	+0.025%	$524K	$308K	30x
tradeXYZ xyz:CL	−0.0002%	1h	93.216	+0.008%	$184.6M	$219.0M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.272	+0.068%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.214	+0.005%	$26.9M	$80.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.264	+0.059%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.206	−0.003%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.769	−0.472%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0015%	8h	93.195	−0.015%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.201	−0.009%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.250	+0.044%	$2.0M	$19.5M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.150	−0.063%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.220	+0.012%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USDlong	+0.0050%	1h	93.209	long leg	$1.7M	$1.3M	20x
SoDEX CL-USD	+0.0050%	1h	93.225	+0.017%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.204	−0.005%	$331K	$597K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.280	+0.076%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.183	−0.028%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0205%	4h	93.200	−0.010%	$4.0M	$1.0M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0219% / S −0.0147%	1h	93.195	−0.015%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.17	+9.610%	$19K	$11K	30x	as long as short