Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0003%/8h= −0.4% APRpaid last 24h −0.020%

Price spread now: edgeX against RISEx−0.069%55s7-day average −0.060% · you buy dearer than you sell

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

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

costs, in and out, $10k−$360.361% of the position

Long on RISEx Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.188%−$19 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.069%, 7d avg −0.060%

Together, before fees−0.148%+ Points / potential airdropedgeX: Active · farm board−$15 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx CL/USDC	92.960	0	get 0.0000% / 1h	8m 00s	$3.1M	$2.9M	20x
Short	edgeX CLUSDC	92.895	−0.0003	pay 0.0002% / 4h	8m 00s	$526K	$303K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against RISEx. 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 RISExbpFee edgeXbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$0.71
Price spread: −0.069% → −0.060%: −$0.94
Slippage, 4 orders: −$21.06
Fee RISEx: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$37.7
Costs to cover: 0.361%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; edgeX: live order book, 51 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 RISEx live order book, 1 min ago	0.05 bp	3.1 bp −$3	3.4 bp −$34	doesn't fit	doesn't fit
Sell edgeX live order book, 51 min ago	10.05 bp	14.5 bp −$15	14.9 bp −$149	22.3 bp −$2,231	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	−0.0611%	1h	92.830	−0.139%	$198K	$370K	15x	as long as short
Aster CLUSD1	−0.0273%	4h	92.900	−0.064%	$24.0M	$66.4M	20x	as long as short
GRVT CL_USDT_Perp	−0.0246%	4h	92.887	−0.078%	$64K	$648K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0196%	1h	92.895	−0.070%	$272K	$874K	25x	as long as short
Binance CLUSDT	−0.0188%	4h	92.879	−0.087%	$244.5M	$944.7M	100x	as long as short
Variational Omni CL	−0.0179%	4h	92.888	−0.077%	$13.5M	$10.8M	—	as long as short
Bitget CLUSDT	−0.0128%	4h	92.859	−0.108%	$42.0M	$43.5M	100x	as long as short
tradeXYZ xyz:CL	−0.0114%	1h	92.865	−0.102%	$187.7M	$216.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0104%	1h	92.947	−0.014%	$2K	$27K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0090%	1h	92.850	−0.118%	$3.5M	$5.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0058%	4h	92.860	−0.107%	$42.4M	$102.6M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.226%	$402K	$944K	15x	as long as short
Gate CL_USDT	−0.0047%	8h	92.810	−0.161%	$20.8M	$52.2M	100x	as long as short
QFEX CL-USD	−0.0043%	1h	92.900	−0.064%	$2.3M	$1.8M	10x	as long as short
Nado WTI-PERP	−0.0032%	1h	92.944	−0.017%	$963K	$648K	10x	as long as short
KuCoin CLUSDTM	−0.0030%	4h	92.908	−0.056%	$7.1M	$2.4M	50x	as long as short
edgeX CLUSDCshort	−0.0003%	4h	92.895	−0.069%	$526K	$303K	30x
Lighter WTI	0.0000%	1h	92.872	−0.094%	$11.2M	$10.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.937	−0.025%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.865	−0.102%	$26.7M	$80.4M	150x	as long as short
RISEx CL/USDClong	0.0000%	1h	92.960	long leg	$3.1M	$2.9M	20x
Phoenix WTIOIL	0.0000%	1h	92.940	−0.021%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.892	−0.073%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.443	−0.556%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0006%	8h	92.876	−0.090%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	92.930	−0.032%	$2.0M	$20.3M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.890	−0.075%	$734K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.920	−0.043%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.901	−0.063%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.870	−0.096%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	92.883	−0.082%	$330K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.950	−0.010%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.857	−0.111%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0186%	4h	92.900	−0.064%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0216% / S −0.0144%	1h	92.885	−0.080%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.25	+9.995%	$19K	$11K	30x	as long as short