Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h −0.014%

Price spread now: edgeX against Extended+0.028%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.333%−$33 on $10k

Price spread, last 4 days (all we have)−0.063%−$6 · spread now +0.028%, 7d avg −0.011%

Together, before fees−0.395%+ Points / potential airdropExtended: Active · edgeX: Active · farm board−$40 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.039% dearer against Extended than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of −0.011%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 42 hours. At the pace of the last 7 days (−0.333% in total) that is about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WTI-USD	93.230	0.0032	pay 0.0004% / 1h	5m 02s	$1.7M	$15.0M	10x
Short	edgeX CLUSDC	93.256	−0.0042	pay 0.0021% / 4h	5m 02s	$525K	$324K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$15.56
Price spread: +0.028% → −0.011%: $3.9
Slippage, 4 orders: −$23.3
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$48.96
Costs to cover: 0.373%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; edgeX: live order book, 34 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 Extended live order book, 4 min ago	0.05 bp	6.8 bp −$7	9.0 bp −$90	26.3 bp −$2,631	doesn't fit
Sell edgeX live order book, 34 min ago	9.39 bp	13.9 bp −$14	14.6 bp −$146	22.8 bp −$2,277	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	−0.0501%	1h	93.170	−0.064%	$194K	$398K	15x	as long as short
Aster CLUSD1	−0.0254%	4h	93.228	−0.002%	$24.8M	$62.1M	20x	as long as short
GRVT CL_USDT_Perp	−0.0218%	4h	93.231	+0.001%	$75K	$634K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0209%	1h	93.196	−0.036%	$274K	$925K	25x	as long as short
Binance CLUSDT	−0.0141%	4h	93.190	−0.043%	$246.7M	$922.6M	100x	as long as short
Gate CL_USDT	−0.0138%	8h	93.120	−0.118%	$23.2M	$50.7M	100x	as long as short
Variational Omni CL	−0.0130%	4h	93.192	−0.040%	$13.6M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0109%	1h	93.222	−0.008%	$954K	$613K	10x	as long as short
Bitget CLUSDT	−0.0102%	4h	93.186	−0.047%	$42.2M	$41.4M	100x	as long as short
Aftermath Perps WTIUSD	−0.0084%	1h	93.157	−0.078%	$1K	$26K	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	−0.0070%	4h	93.200	−0.032%	$42.6M	$103.2M	50x	as long as short
edgeX CLUSDCshort	−0.0042%	4h	93.256	+0.028%	$525K	$324K	30x
QFEX CL-USD	−0.0038%	1h	93.150	−0.086%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CL	−0.0016%	1h	93.200	−0.032%	$184.4M	$196.4M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.333%	$405K	$810K	15x	as long as short
Lighter WTI	−0.0008%	1h	93.188	−0.045%	$11.2M	$9.2M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0006%	1h	93.140	−0.097%	$3.6M	$5.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.210	−0.021%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.210	−0.021%	$27.0M	$79.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.201	−0.031%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.240	+0.011%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.204	−0.028%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.755	−0.509%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0011%	8h	93.142	−0.095%	$16K	$367	5x	as long as short
Extended WTI-USDlong	+0.0032%	1h	93.230	long leg	$1.7M	$15.0M	10x
StandX CL-USD	+0.0040%	1h	93.260	+0.032%	$739K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.190	−0.043%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.168	−0.067%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.198	−0.034%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.180	−0.054%	$347K	$589K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.221	−0.010%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.290	+0.064%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.174	−0.060%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0168%	4h	93.180	−0.054%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.551%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0261% / S −0.0208%	1h	93.185	−0.048%	$84K	—	111x	as long as short