Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0105%/8h= +11.5% APRpaid last 24h +0.021%

Price spread now: SoDEX against edgeX+0.045%75s7-day average −0.001% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$680.680% of the position

Long on edgeX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.124%+$12 on $10k

Price spread, last 4 days (all we have)−0.130%−$13 · spread now +0.045%, 7d avg −0.001%

Together, before fees−0.006%+ Points / potential airdropedgeX: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SoDEX is 0.046% dearer against edgeX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.001%. The two prices were read 75 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	93.649	−0.0055	get 0.0028% / 4h	1h 40m	$526K	$307K	30x
Short	SoDEX CL-USD	93.691	0.0050	get 0.0006% / 1h	40m 03s	$2.1M	$60K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.045%Rate

Funding earned: $22.08
Price spread: +0.045% → −0.001%: $4.57
Slippage, 4 orders: −$51.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$41.37
Costs to cover: 0.680%
Break-even: 20.1 days

Slippage from edgeX: live order book, 4 min ago; SoDEX: live order book, 4 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, 4 min ago	10.20 bp	14.7 bp −$15	14.9 bp −$149	21.5 bp −$2,149	doesn't fit
Sell SoDEX live order book, 4 min ago	0.53 bp	18.8 bp −$19	97.0 bp −$970	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	−0.0497%	1h	93.660	+0.011%	$197K	$382K	15x	as long as short
Aster CLUSD1	−0.0263%	4h	93.726	+0.082%	$24.5M	$65.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0244%	4h	93.620	−0.031%	$58K	$629K	25x	as long as short
Binance CLUSDT	−0.0146%	4h	93.700	+0.054%	$246.5M	$924.5M	100x	as long as short
Aftermath Perps WTIUSD	−0.0142%	1h	93.671	+0.023%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.707	+0.061%	$287K	$957K	25x	as long as short
Variational Omni CL	−0.0135%	4h	93.609	−0.043%	$13.5M	$10.6M	—	as long as short
Bitget CLUSDT	−0.0102%	4h	93.703	+0.057%	$42.2M	$42.2M	100x	as long as short
Gate CL_USDT	−0.0099%	8h	93.630	−0.021%	$22.3M	$48.8M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0090%	1h	93.600	−0.053%	$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
tradeXYZ xyz:CL	−0.0058%	1h	93.696	+0.050%	$185.1M	$211.0M	20x	as long as short
edgeX CLUSDClong	−0.0055%	4h	93.649	long leg	$526K	$307K	30x
Nado WTI-PERP	−0.0048%	1h	93.754	+0.112%	$965K	$626K	10x	as long as short
QFEX CL-USD	−0.0023%	1h	93.690	+0.044%	$2.3M	$2.5M	10x	as long as short
OKX CL-USDT-SWAP	−0.0014%	4h	93.720	+0.076%	$42.7M	$101.6M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.159%	$404K	$916K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.651	+0.002%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.700	+0.054%	$27.0M	$79.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.744	+0.101%	$3.1M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.640	−0.010%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.714	+0.069%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.263	−0.412%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0028%	8h	93.641	−0.008%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.694	+0.048%	$11.3M	$9.6M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.750	+0.108%	$2.0M	$16.1M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.680	+0.033%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.700	+0.054%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.704	+0.058%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USDshort	+0.0050%	1h	93.691	+0.045%	$2.1M	$60K	20x
Pacifica CL	+0.0100%	1h	93.678	+0.031%	$333K	$576K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.712	+0.067%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.680	+0.033%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.673	+0.025%	$4K	—	10x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.74	+9.712%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0226%	4h	93.590	−0.063%	$4.0M	$977K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0246% / S −0.0180%	1h	93.715	+0.070%	$84K	—	111x	as long as short