Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h −0.002%

Price spread now: edgeX against gTrade (Gains Network)+0.485%68s7-day average +0.322% · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)−0.002%$0 on $10k

Price spread, last 3 days (all we have)+0.001%$0 · spread now +0.485%, 7d avg +0.322%

Together, before fees0.000%+ Points / potential airdropedgeX: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and edgeX is 0.163% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.322%. The two prices were read 68 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	gTrade (Gains Network) WTI/USD	91.767	L 0.0000% / S +0.0036%	pay 0.0000% / 1h	14m 22s	$5K	—	150x
Short	edgeX CLUSDC	92.212	0.0033	get 0.0017% / 4h	14m 22s	$530K	$326K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee edgeXbpOrdersPrice spread, now +0.485%Rate

Funding earned: $6.91
Price spread: +0.485% → +0.322%: $16.29
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $6.19
Costs to cover: 0.170%
Break-even: 0.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; edgeX: live order book, 64 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell edgeX live order book, 64 min ago	9.94 bp	14.4 bp −$14	14.7 bp −$147	21.7 bp −$2,170	doesn't fit

gTrade (Gains Network): 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
Kraken Futures PF_WTIOILUSD	−0.0449%	1h	92.229	+0.503%	$273K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0310%	4h	92.191	+0.462%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0268%	4h	92.219	+0.493%	$23.9M	$77.6M	20x	as long as short
Binance CLUSDT	−0.0188%	4h	92.202	+0.474%	$244.4M	$1.09B	100x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0184%	1h	92.220	+0.494%	$96K	$189K	15x	as long as short
Variational Omni CL	−0.0173%	4h	92.192	+0.463%	$13.3M	$12.7M	—	as long as short
Nado WTI-PERP	−0.0132%	1h	92.271	+0.549%	$925K	$737K	10x	as long as short
Lighter WTI	−0.0072%	1h	92.210	+0.483%	$11.2M	$10.9M	20x	as long as short
QFEX CL-USD	−0.0054%	1h	92.230	+0.505%	$2.4M	$2.3M	10x	as long as short
Paradex CL-USD-PERP	−0.0049%	8h	92.208	+0.481%	$15K	$367	5x	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	−0.0046%	1h	92.209	+0.482%	$186.3M	$275.3M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0035%	1h	92.200	+0.472%	$3.5M	$6.3M	20x	as long as short
Gate CL_USDT	−0.0032%	8h	92.110	+0.374%	$21.3M	$58.0M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.206	+0.479%	$333K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.274	+0.553%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.200	+0.472%	$26.0M	$94.4M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.170	+0.439%	$42.9M	$112.6M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.343	+0.627%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.177	+0.447%	$42.0M	$51.6M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.250	+0.526%	$37K	$101K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.177	+0.447%	$19K	$241K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	+0.287%	$399K	$963K	15x	as long as short
gTrade (Gains Network) WTI/USDlong	L 0.0000% / S +0.0036%	1h	91.767	long leg	$5K	—	150x
Extended WTI-USD	+0.0032%	1h	92.240	+0.515%	$2.0M	$26.7M	10x	as long as short
edgeX CLUSDCshort	+0.0033%	4h	92.212	+0.485%	$530K	$326K	30x
StandX CL-USD	+0.0040%	1h	92.210	+0.483%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.250	+0.526%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.199	+0.471%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.200	+0.472%	$2.0M	$39K	20x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.191	+0.462%	$7.3M	$2.2M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.250	+0.526%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.181	+0.451%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.175	+0.445%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.34	+10.427%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.200	+0.472%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0367%	1h	92.215	+0.488%	$2K	$29K	5x	as long as short