Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0005%/8h= +0.6% APRpaid last 24h −0.003%

Price spread now: QFEX against edgeX−0.165%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on edgeX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.031%+$3 on $10k

Price spread, last 4 days (all we have)+0.149%+$15 · spread now −0.165%, 7d avg +0.008%

Together, before fees+0.180%+ Points / potential airdropedgeX: Active · farm board+$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.173% cheaper against edgeX than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CLUSDC	92.632	−0.0031	get 0.0015% / 4h	3h 20m	$540K	$342K	30x
Short	QFEX CL-USD	92.480	−0.0026	pay 0.0003% / 1h	20m 53s	$2.3M	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.165%Rate

Funding earned: $1.1
Price spread: −0.165% → +0.008%: −$17.29
Slippage, 4 orders: −$24.75
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$59.94
Costs to cover: 0.438%
Break-even: 386.8 days

Slippage from edgeX: live order book, 13 min ago; QFEX: live order book, 11 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, 13 min ago	10.02 bp	14.5 bp −$15	14.8 bp −$148	23.4 bp −$2,344	doesn't fit
Sell QFEX live order book, 11 min ago	1.62 bp	8.1 bp −$8	8.7 bp −$87	10.1 bp −$1,008	19.8 bp −$9,921

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	−0.0614%	1h	92.460	−0.186%	$187K	$412K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0315%	1h	92.487	−0.157%	$268K	$948K	25x	as long as short
Aster CLUSD1	−0.0218%	4h	92.530	−0.111%	$24.9M	$60.0M	20x	as long as short
Binance CLUSDT	−0.0123%	4h	92.500	−0.143%	$245.6M	$931.6M	100x	as long as short
Gate CL_USDT	−0.0119%	8h	92.440	−0.208%	$23.7M	$50.4M	100x	as long as short
Variational Omni CL	−0.0105%	4h	92.432	−0.217%	$13.5M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0100%	1h	92.541	−0.098%	$946K	$596K	10x	as long as short
GRVT CL_USDT_Perp	−0.0080%	4h	92.622	−0.012%	$74K	$611K	25x	as long as short
Bitget CLUSDT	−0.0076%	4h	92.490	−0.154%	$42.1M	$41.9M	100x	as long as short
Aftermath Perps WTIUSD	−0.0066%	1h	92.698	+0.070%	$1K	$27K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0045%	4h	92.490	−0.154%	$42.5M	$102.7M	50x	as long as short
edgeX CLUSDClong	−0.0031%	4h	92.632	long leg	$540K	$342K	30x
QFEX CL-USDshort	−0.0026%	1h	92.480	−0.165%	$2.3M	$2.5M	10x
tradeXYZ xyz:CL	−0.0011%	1h	92.469	−0.177%	$183.7M	$190.9M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.579	−0.058%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.518	−0.124%	$27.5M	$82.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.555	−0.084%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.475	−0.170%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.158	−0.512%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.660	+0.030%	$37K	$39K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	92.590	−0.046%	$427K	$869K	15x	as long as short
Paradex CL-USD-PERP	+0.0017%	8h	92.471	−0.174%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.464	−0.182%	$11.3M	$8.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.500	−0.143%	$1.7M	$14.0M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0033%	1h	92.460	−0.186%	$3.6M	$5.2M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.590	−0.046%	$728K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.500	−0.143%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.555	−0.084%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.467	−0.179%	$2.1M	$69K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.500	−0.143%	$344K	$584K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.470	−0.175%	$7.0M	$2.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.710	+0.084%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.452	−0.195%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0165% / S −0.0007%	1h	92.465	−0.181%	$80K	—	111x	as long as short
BloFin CL-USDT	+0.0195%	4h	92.520	−0.121%	$4.1M	$999K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+10.257%	$19K	$5K	30x	as long as short