Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0174%/8h= +19.1% APRpaid last 24h +0.036%

Price spread now: ApeX Omni against edgeX−0.091%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$700.695% of the position

Long on edgeX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.439%+$44 on $10k

Price spread, last 4 days (all we have)+0.078%+$8 · spread now −0.091%, 7d avg +0.013%

Together, before fees+0.516%+ Points / potential airdropedgeX: Active · farm board+$52 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.104% cheaper against edgeX than usual: you would sell low and buy high (spread −0.091% now, against its 7-day average of +0.013%). If the spread goes back, that is −$10 on $10k: about 48 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CLUSDC	93.495	−0.0074	get 0.0037% / 4h	2h 24m	$526K	$305K	30x
Short	ApeX Omni CLUSDT	93.410	0.0100	get 0.0013% / 1h	24m 58s	$54K	$266K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.091%Rate

Funding earned: $36.64
Price spread: −0.091% → +0.013%: −$10.4
Slippage, 4 orders: −$50.54
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$43.29
Costs to cover: 0.695%
Break-even: 15.3 days

Slippage from edgeX: live order book, 24 min ago; ApeX Omni: live order book, 22 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, 24 min ago	10.07 bp	14.6 bp −$15	14.9 bp −$149	21.5 bp −$2,148	doesn't fit
Sell ApeX Omni live order book, 22 min ago	8.57 bp	20.6 bp −$21	210.2 bp −$2,102	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	−0.0391%	1h	93.500	+0.005%	$197K	$374K	15x	as long as short
GRVT CL_USDT_Perp	−0.0320%	4h	93.424	−0.077%	$58K	$639K	25x	as long as short
Aster CLUSD1	−0.0302%	4h	93.560	+0.069%	$24.4M	$65.1M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0203%	1h	93.554	+0.063%	$286K	$958K	25x	as long as short
Binance CLUSDT	−0.0189%	4h	93.520	+0.026%	$246.7M	$932.8M	100x	as long as short
Variational Omni CL	−0.0182%	4h	93.450	−0.049%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0149%	1h	93.451	−0.047%	$2K	$26K	5x	as long as short
Nado WTI-PERP	−0.0133%	1h	93.567	+0.076%	$968K	$616K	10x	as long as short
Bitget CLUSDT	−0.0132%	4h	93.486	−0.010%	$42.1M	$42.9M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0112%	1h	93.480	−0.016%	$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
Gate CL_USDT	−0.0077%	8h	93.470	−0.027%	$21.9M	$49.7M	100x	as long as short
edgeX CLUSDClong	−0.0074%	4h	93.495	long leg	$526K	$305K	30x
tradeXYZ xyz:CL	−0.0063%	1h	93.535	+0.042%	$185.1M	$214.9M	20x	as long as short
OKX CL-USDT-SWAP	−0.0058%	4h	93.530	+0.037%	$42.7M	$102.7M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.359%	$403K	$928K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.520	+0.026%	$2.3M	$2.4M	10x	as long as short
dYdX WTI-USD	0.0000%	1h	93.496	0.000%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.524	+0.031%	$27.1M	$79.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.573	+0.083%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.380	−0.123%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.538	+0.046%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.076	−0.448%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0007%	8h	93.512	+0.018%	$16K	$367	5x	as long as short
Lighter WTI	+0.0008%	1h	93.530	+0.037%	$11.2M	$9.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.550	+0.059%	$2.0M	$17.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.450	−0.048%	$740K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.520	+0.026%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.527	+0.033%	$332K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.522	+0.029%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.530	+0.037%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0062%	4h	93.551	+0.060%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDTshort	+0.0100%	1h	93.410	−0.091%	$54K	$266K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	93.504	+0.009%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0180%	4h	93.450	−0.048%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.60	+9.741%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0237% / S −0.0169%	1h	93.535	+0.042%	$84K	—	111x	as long as short