Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.008%

Price spread now: Pacifica against edgeX−0.038%52s7-day average −0.013% · you buy dearer than you sell

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

Long on edgeX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.244%+$24 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.038%, 7d avg −0.013%

Together, before fees+0.306%+ Points / potential airdropedgeX: Active · Pacifica: Active · farm board+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.025% cheaper against edgeX than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of −0.013%). If the spread goes back, that is −$2 on $10k: about 13 hours of funding at the current rate (+$5 a day). The two prices were read 52 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	edgeX CLUSDC	92.883	−0.0056	get 0.0028% / 4h	1h 54m	$529K	$301K	30x
Short	Pacifica CL	92.848	0.0100	get 0.0013% / 1h	54m 10s	$331K	$618K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.038%Rate

Funding earned: $32.8
Price spread: −0.038% → −0.013%: −$2.47
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $13.33
Costs to cover: 0.170%
Break-even: 4.2 days

Slippage unknown: edgeX: live order book, 9 min ago; Pacifica: live order book, 10 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 edgeX live order book, 9 min ago	10.13 bp	14.6 bp −$15	15.0 bp −$150	22.8 bp −$2,277	doesn't fit
Sell Pacifica live order book, 10 min ago	0.05 bp	5.4 bp −$5	doesn't fit	doesn't fit	doesn't fit

CL on 35 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	−0.0504%	1h	92.810	−0.079%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0241%	4h	92.845	−0.041%	$23.9M	$71.1M	20x	as long as short
GRVT CL_USDT_Perp	−0.0210%	4h	92.871	−0.013%	$61K	$633K	25x	as long as short
Binance CLUSDT	−0.0208%	4h	92.820	−0.068%	$244.6M	$961.6M	100x	as long as short
Variational Omni CL	−0.0203%	4h	92.860	−0.025%	$13.5M	$11.1M	—	as long as short
Nado WTI-PERP	−0.0104%	1h	92.886	+0.003%	$961K	$669K	10x	as long as short
Gate CL_USDT	−0.0096%	8h	92.760	−0.133%	$20.9M	$52.1M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0087%	1h	92.810	−0.079%	$3.5M	$5.6M	20x	as long as short
edgeX CLUSDClong	−0.0056%	4h	92.883	long leg	$529K	$301K	30x
tradeXYZ xyz:CL	−0.0051%	1h	92.816	−0.072%	$184.6M	$218.4M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.143%	$402K	$946K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.830	−0.057%	$2.5M	$1.7M	10x	as long as short
Aftermath Perps WTIUSD	−0.0012%	1h	92.897	+0.014%	$2K	$28K	5x	as long as short
OKX CL-USDT-SWAP	−0.0006%	4h	92.810	−0.079%	$42.8M	$102.3M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.909	+0.028%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.840	−0.046%	$26.9M	$81.1M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.801	−0.088%	$41.9M	$43.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.930	+0.050%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.832	−0.055%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.397	−0.523%	$5K	—	150x	as long as short
Lighter WTI	+0.0032%	1h	92.828	−0.059%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.870	−0.014%	$2.1M	$23.5M	10x	as long as short
Paradex CL-USD-PERP	+0.0035%	8h	92.825	−0.062%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.360	−0.563%	$726K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.860	−0.025%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.844	−0.042%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.825	−0.063%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	92.959	+0.082%	$3.3M	$2.7M	20x	as long as short
KuCoin CLUSDTM	+0.0080%	4h	92.818	−0.070%	$7.3M	$2.3M	50x	as long as short
Pacifica CLshort	+0.0100%	1h	92.848	−0.038%	$331K	$618K	10x
ApeX Omni CLUSDT	+0.0100%	1h	92.870	−0.014%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.801	−0.089%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.847	−0.038%	$273K	$882K	25x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.825	−0.063%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.15	+9.974%	$19K	$11K	30x	as long as short