Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.005%

Price spread now: Bybit against edgeX−0.113%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 4 days (all we have)+0.100%+$10 · spread now −0.113%, 7d avg +0.017%

Together, before fees+0.033%+ Points / potential airdropedgeX: Active · farm board+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.130% cheaper against edgeX than usual: you would sell low and buy high (spread −0.113% now, against its 7-day average of +0.017%). If the spread goes back, that is −$13 on $10k: about 10 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.067%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CLUSDC	90.197	−0.0041	get 0.0021% / 4h	29m 28s	$504K	$357K	30x
Short	Bybit CLUSDT	90.095	0	get 0.0000% / 8h	4h 29m	$29.0M	$114.1M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.113%Rate

Funding earned: $8.69
Price spread: −0.113% → +0.017%: −$12.97
Slippage, 4 orders: −$23.13
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$47.41
Costs to cover: 0.431%
Break-even: 45.2 days

Slippage from edgeX: live order book, 12 min ago; Bybit: live order book, 8 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, 12 min ago	10.23 bp	14.7 bp −$15	15.2 bp −$152	23.7 bp −$2,365	doesn't fit
Sell Bybit live order book, 8 min ago	1.11 bp	7.1 bp −$7	8.9 bp −$89	23.1 bp −$2,313	doesn't fit

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
Kraken Futures PF_WTIOILUSD	−0.0231%	1h	90.179	−0.020%	$313K	$2.2M	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0193%	1h	90.170	−0.030%	$38K	$636K	15x	as long as short
GRVT CL_USDT_Perp	−0.0132%	4h	90.135	−0.068%	$67K	$662K	25x	as long as short
Aftermath Perps WTIUSD	−0.0127%	1h	90.219	+0.025%	$1K	$26K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0125%	1h	89.960	−0.263%	$3.4M	$6.8M	20x	as long as short
Bitget CLUSDT	−0.0108%	4h	90.046	−0.167%	$40.7M	$60.1M	100x	as long as short
Extended WTI-USD	−0.0104%	1h	90.130	−0.074%	$1.1M	$14.2M	10x	as long as short
tradeXYZ xyz:CL	−0.0101%	1h	90.162	−0.039%	$170.9M	$258.0M	20x	as long as short
Nado WTI-PERP	−0.0080%	1h	90.227	+0.034%	$890K	$708K	10x	as long as short
Aster CLUSD1	−0.0079%	4h	90.157	−0.045%	$24.6M	$74.0M	20x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0052%	8h	90.050	−0.163%	$23.9M	$57.3M	100x	as long as short
Binance CLUSDT	−0.0044%	4h	90.108	−0.099%	$246.2M	$1.25B	100x	as long as short
edgeX CLUSDClong	−0.0041%	4h	90.197	long leg	$504K	$357K	30x
Variational Omni CL	−0.0025%	4h	90.119	−0.086%	$12.6M	$11.4M	—	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0024%	1h	90.150	−0.052%	$443K	$1.9M	15x	as long as short
QFEX CL-USD	−0.0017%	1h	90.050	−0.163%	$2.4M	$3.0M	10x	as long as short
OKX CL-USDT-SWAP	−0.0016%	4h	90.010	−0.207%	$40.3M	$141.4M	50x	as long as short
Phoenix WTIOIL	−0.0009%	1h	90.170	−0.030%	$33K	$38K	20x	as long as short
Lighter WTI	−0.0008%	1h	90.121	−0.084%	$10.6M	$11.3M	20x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.804	−0.436%	$611	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	90.210	+0.014%	$9K	$4K	5x	as long as short
Bybit CLUSDTshort	0.0000%	8h	90.095	−0.113%	$29.0M	$114.1M	150x
RISEx CL/USDC	0.0000%	1h	90.148	−0.054%	$2.8M	$3.1M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	90.180	−0.019%	$18K	$231K	10x	as long as short
Paradex CL-USD-PERP	+0.0009%	8h	90.093	−0.116%	$15K	$458	5x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	90.137	−0.067%	$16K	$5K	30x	as long as short
StandX CL-USD	+0.0040%	1h	90.230	+0.037%	$696K	$2.7M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	90.060	−0.152%	—	$320K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	90.044	−0.170%	$1.7M	$1.6M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	90.190	−0.008%	$2.0M	$90K	20x	as long as short
Pacifica CL	+0.0100%	1h	90.143	−0.060%	$315K	$761K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	90.206	+0.010%	$6.7M	$3.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	90.120	−0.085%	$52K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	90.156	−0.046%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0136% / S +0.0043%	1h	90.195	−0.002%	$72K	—	111x	as long as short
BloFin CL-USDT	+0.0227%	4h	90.130	−0.074%	$3.9M	$1.0M	50x	as long as short