Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0125%/8h= −13.7% APRpaid last 24h −0.020%

Price spread now: edgeX against Vest−0.041%63s7-day average +0.830% · you buy dearer than you sell

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

Long on Vest Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.082%−$8 on $10k

Price spread, last 4 days (all we have)+0.151%+$15 · spread now −0.041%, 7d avg +0.830%

Together, before fees+0.070%+ Points / potential airdropVest: Active · edgeX: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and edgeX is 0.871% cheaper against Vest than usual: you would sell low and buy high (−$87 if the spread goes back to its 7-day average of +0.830%). Swap the legs. The two prices were read 63 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	Vest CL-PERP	93.370	0.0046	pay 0.0006% / 1h	3m 51s	—	$313K	10x
Short	edgeX CLUSDC	93.332	−0.0079	pay 0.0040% / 4h	3h 03m	$525K	$306K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Vest. 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 VestbpFee edgeXbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$26.26
Price spread: −0.041% → +0.830%: −$87.09
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$124.35
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; edgeX: live order book, 50 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell edgeX live order book, 50 min ago	10.27 bp	14.8 bp −$15	15.0 bp −$150	21.6 bp −$2,158	doesn't fit

Vest: 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	−0.0607%	1h	93.320	−0.054%	$198K	$371K	15x	as long as short
GRVT CL_USDT_Perp	−0.0332%	4h	93.337	−0.035%	$58K	$654K	25x	as long as short
Aster CLUSD1	−0.0285%	4h	93.360	−0.011%	$24.3M	$65.8M	20x	as long as short
Binance CLUSDT	−0.0189%	4h	93.340	−0.032%	$246.5M	$939.6M	100x	as long as short
Variational Omni CL	−0.0175%	4h	93.319	−0.055%	$13.3M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0146%	1h	93.300	−0.074%	$2K	$26K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0129%	1h	93.280	−0.096%	$3.5M	$5.4M	20x	as long as short
Bitget CLUSDT	−0.0128%	4h	93.326	−0.047%	$42.0M	$43.2M	100x	as long as short
Nado WTI-PERP	−0.0107%	1h	93.413	+0.047%	$966K	$628K	10x	as long as short
edgeX CLUSDCshort	−0.0079%	4h	93.332	−0.041%	$525K	$306K	30x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0070%	8h	93.290	−0.086%	$21.4M	$51.6M	100x	as long as short
OKX CL-USDT-SWAP	−0.0066%	4h	93.360	−0.011%	$42.7M	$103.2M	50x	as long as short
tradeXYZ xyz:CL	−0.0062%	1h	93.355	−0.016%	$184.7M	$217.1M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.383	+0.014%	$282K	$961K	25x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.225%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.340	−0.032%	$2.3M	$2.0M	10x	as long as short
Paradex CL-USD-PERP	−0.0019%	8h	93.346	−0.026%	$16K	$367	5x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.370	0.000%	$37K	$41K	20x	as long as short
Lighter WTI	0.0000%	1h	93.352	−0.019%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	−0.043%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.360	−0.011%	$26.9M	$80.0M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.408	+0.041%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.358	−0.013%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.915	−0.487%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0016%	1h	93.390	+0.021%	$2.0M	$18.2M	10x	as long as short
KuCoin CLUSDTM	+0.0022%	4h	93.373	+0.003%	$7.1M	$2.4M	50x	as long as short
StandX CL-USD	+0.0040%	1h	93.150	−0.236%	$736K	$2.9M	40x	as long as short
Vest CL-PERPlong	+0.0046%	1h	93.370	long leg	—	$313K	10x
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.356	−0.015%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.357	−0.014%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.355	−0.016%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.320	−0.054%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.328	−0.045%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0175%	4h	93.350	−0.021%	$4.0M	$990K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.37	+9.640%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0225% / S −0.0153%	1h	93.355	−0.016%	$81K	—	111x	as long as short