Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0141%/8h= +15.5% APRpaid last 24h +0.036%

Price spread now: Aevo against edgeX+0.081%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Aevo is 0.081% dearer against edgeX than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CLUSDC	90.332	−0.0037	get 0.0019% / 4h	45m 02s	$503K	$374K	30x
Short	Aevo WTIOIL-PERP	90.406	0.0104	get 0.0013% / 1h	45m 02s	$4K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo 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 AevobpOrdersPrice spread, now +0.081%Rate

Funding earned: $29.65
Price spread: +0.081% → 0.000%: $8.14
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: $12.79
Costs to cover: 0.250%
Break-even: 4.0 days

Slippage unknown: edgeX: live order book, 62 min ago; Aevo: 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, 62 min ago	10.51 bp	15.0 bp −$15	15.1 bp −$151	22.7 bp −$2,274	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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 exchanges

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	−0.0413%	1h	90.410	+0.086%	$38K	$641K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0230%	1h	90.447	+0.128%	$314K	$2.2M	25x	as long as short
Aftermath Perps WTIUSD	−0.0151%	1h	90.260	−0.079%	$1K	$26K	5x	as long as short
tradeXYZ xyz:CL	−0.0134%	1h	90.299	−0.037%	$174.9M	$254.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0116%	4h	90.244	−0.097%	$68K	$645K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0104%	1h	90.500	+0.186%	$3.4M	$6.7M	20x	as long as short
Bitget CLUSDT	−0.0096%	4h	90.307	−0.028%	$40.6M	$59.6M	100x	as long as short
Nado WTI-PERP	−0.0079%	1h	90.533	+0.222%	$893K	$710K	10x	as long as short
Aster CLUSD1	−0.0078%	4h	90.395	+0.070%	$24.5M	$73.5M	20x	as long as short
Extended WTI-USD	−0.0056%	1h	90.330	−0.002%	$1.3M	$14.0M	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDClong	−0.0037%	4h	90.332	long leg	$503K	$374K	30x
Binance CLUSDT	−0.0033%	4h	90.290	−0.047%	$246.9M	$1.24B	100x	as long as short
Gate CL_USDT	−0.0028%	8h	90.320	−0.013%	$23.9M	$56.4M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0024%	1h	90.620	+0.319%	$442K	$1.9M	15x	as long as short
QFEX CL-USD	−0.0017%	1h	90.500	+0.186%	$2.2M	$3.0M	10x	as long as short
Variational Omni CL	−0.0015%	4h	90.492	+0.177%	$12.6M	$11.3M	—	as long as short
Phoenix WTIOIL	−0.0009%	1h	90.520	+0.208%	$33K	$38K	20x	as long as short
OKX CL-USDT-SWAP	−0.0004%	4h	90.300	−0.036%	$40.5M	$141.0M	50x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	90.093	−0.265%	$613	—	150x	as long as short
Lighter WTI	0.0000%	1h	90.369	+0.041%	$10.6M	$11.2M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	90.534	+0.224%	$9K	$4K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	90.340	+0.009%	$29.2M	$114.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.603	+0.300%	$2.8M	$3.1M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	90.446	+0.126%	$18K	$234K	10x	as long as short
Paradex CL-USD-PERP	+0.0014%	8h	90.569	+0.262%	$15K	$458	5x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	90.137	−0.216%	$16K	$5K	30x	as long as short
StandX CL-USD	+0.0040%	1h	90.280	−0.058%	$696K	$2.7M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	90.480	+0.164%	—	$315K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	90.506	+0.192%	$1.7M	$1.5M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	90.410	+0.086%	$2.0M	$87K	20x	as long as short
Pacifica CL	+0.0100%	1h	90.571	+0.265%	$318K	$758K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	90.327	−0.006%	$6.7M	$3.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	90.520	+0.208%	$53K	$267K	50x	as long as short
Aevo WTIOIL-PERPshort	+0.0104%	1h	90.406	+0.081%	$4K	—	10x
GMX WTIOIL/USD [ETH-USDC]	L +0.0158% / S +0.0008%	1h	90.445	+0.125%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	90.520	+0.208%	$3.9M	$1.0M	50x	as long as short