Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0079%/8h= +8.7% APRpaid last 24h +0.006%

Price spread now: dYdX against edgeX−0.002%7-day average — · you buy dearer than you sell

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

Long on edgeX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CLUSDC	93.332	−0.0079	get 0.0040% / 4h	3h 07m	$525K	$306K	30x
Short	dYdX WTI-USD	93.329	0	get 0.0000% / 1h	7m 12s	$8K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.002%Rate

Funding earned: $16.67
Price spread: −0.002% → 0.000%: −$0.25
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$2.58
Costs to cover: 0.190%
Break-even: 8.1 days

Slippage unknown: edgeX: live order book, 46 min ago; dYdX: 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, 46 min ago	10.27 bp	14.8 bp −$15	15.2 bp −$152	21.4 bp −$2,145	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.0500%	1h	93.320	−0.013%	$198K	$371K	15x	as long as short
GRVT CL_USDT_Perp	−0.0334%	4h	93.324	−0.009%	$58K	$654K	25x	as long as short
Aster CLUSD1	−0.0284%	4h	93.350	+0.019%	$24.3M	$65.9M	20x	as long as short
Binance CLUSDT	−0.0189%	4h	93.340	+0.009%	$246.5M	$939.9M	100x	as long as short
Variational Omni CL	−0.0173%	4h	93.308	−0.026%	$13.3M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0141%	1h	93.300	−0.034%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0130%	4h	93.344	+0.013%	$42.0M	$43.2M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0129%	1h	93.280	−0.056%	$3.5M	$5.4M	20x	as long as short
Nado WTI-PERP	−0.0110%	1h	93.403	+0.076%	$966K	$629K	10x	as long as short
edgeX CLUSDClong	−0.0079%	4h	93.332	long leg	$525K	$306K	30x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0069%	8h	93.300	−0.034%	$21.4M	$51.5M	100x	as long as short
OKX CL-USDT-SWAP	−0.0065%	4h	93.340	+0.009%	$42.7M	$103.1M	50x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.368	+0.039%	$282K	$961K	25x	as long as short
tradeXYZ xyz:CL	−0.0061%	1h	93.348	+0.017%	$184.7M	$217.1M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.184%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.330	−0.002%	$2.3M	$2.0M	10x	as long as short
Paradex CL-USD-PERP	−0.0022%	8h	93.321	−0.011%	$16K	$367	5x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.370	+0.041%	$37K	$41K	20x	as long as short
Lighter WTI	0.0000%	1h	93.337	+0.006%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USDshort	0.0000%	1h	93.329	−0.002%	$8K	$3K	5x
Bybit CLUSDT	0.0000%	8h	93.354	+0.024%	$27.0M	$80.1M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.408	+0.082%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.351	+0.020%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.903	−0.459%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	93.390	+0.062%	$2.0M	$18.3M	10x	as long as short
KuCoin CLUSDTM	+0.0016%	4h	93.378	+0.049%	$7.1M	$2.4M	50x	as long as short
StandX CL-USD	+0.0040%	1h	93.180	−0.163%	$737K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.360	+0.030%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.347	+0.016%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.348	+0.017%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.350	+0.020%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.400	+0.073%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.314	−0.019%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0175%	4h	93.350	+0.019%	$4.0M	$990K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.37	+9.685%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0225% / S −0.0152%	1h	93.355	+0.025%	$81K	—	111x	as long as short