Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0121%/8h= +13.2% APRpaid last 24h +0.015%

Price spread now: edgeX against Kraken Futures−0.241%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$470.473% of the position

Long on Kraken Futures Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 4 days (all we have)+0.277%+$28 · spread now −0.241%, 7d avg −0.023%

Together, before fees+0.381%+ Points / potential airdropedgeX: Active · farm board+$38 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.218% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.241% now, against its 7-day average of −0.023%). If the spread goes back, that is −$22 on $10k: about 6.0 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.103% in total) that is about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WTIOILUSD	93.278	−0.0209	get 0.0026% / 1h	7m 20s	$276K	$929K	25x
Short	edgeX CLUSDC	93.053	−0.0089	pay 0.0044% / 4h	7m 20s	$523K	$304K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Kraken Futures. 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 Kraken FuturesbpFee edgeXbpOrdersPrice spread, now −0.241%Rate

Funding earned: $25.32
Price spread: −0.241% → −0.023%: −$21.79
Slippage, 4 orders: −$28.26
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$43.74
Costs to cover: 0.473%
Break-even: 19.1 days

Slippage from Kraken Futures: live order book, 36 min ago; edgeX: live order book, 31 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 Kraken Futures live order book, 36 min ago	2.04 bp	10.0 bp −$10	24.9 bp −$249	doesn't fit	doesn't fit
Sell edgeX live order book, 31 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	−0.0393%	1h	93.260	−0.019%	$195K	$398K	15x	as long as short
Aster CLUSD1	−0.0259%	4h	93.314	+0.039%	$24.8M	$62.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0230%	4h	93.059	−0.235%	$77K	$622K	25x	as long as short
Kraken Futures PF_WTIOILUSDlong	−0.0209%	1h	93.278	long leg	$276K	$929K	25x
Binance CLUSDT	−0.0142%	4h	93.275	−0.003%	$246.9M	$922.1M	100x	as long as short
Gate CL_USDT	−0.0137%	8h	93.170	−0.115%	$23.2M	$50.6M	100x	as long as short
Variational Omni CL	−0.0136%	4h	93.053	−0.241%	$13.5M	$10.6M	—	as long as short
Nado WTI-PERP	−0.0110%	1h	93.310	+0.035%	$955K	$613K	10x	as long as short
Bitget CLUSDT	−0.0104%	4h	93.258	−0.021%	$42.3M	$41.5M	100x	as long as short
edgeX CLUSDCshort	−0.0089%	4h	93.053	−0.241%	$523K	$304K	30x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSD	−0.0087%	1h	93.122	−0.167%	$1K	$26K	5x	as long as short
OKX CL-USDT-SWAP	−0.0073%	4h	93.260	−0.019%	$42.7M	$103.2M	50x	as long as short
QFEX CL-USD	−0.0038%	1h	93.210	−0.073%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.281%	$405K	$810K	15x	as long as short
tradeXYZ xyz:CL	−0.0015%	1h	93.264	−0.015%	$184.6M	$196.4M	20x	as long as short
Lighter WTI	−0.0008%	1h	93.242	−0.038%	$11.2M	$9.2M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0006%	1h	93.230	−0.051%	$3.6M	$5.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.288	+0.011%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.295	+0.019%	$27.0M	$79.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.271	−0.007%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.240	−0.040%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.244	−0.036%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.814	−0.497%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	93.257	−0.022%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.300	+0.024%	$1.7M	$15.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.300	+0.024%	$739K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.230	−0.051%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.236	−0.045%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.260	−0.019%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.276	−0.002%	$348K	$589K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.269	−0.009%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.120	−0.169%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.251	−0.028%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0163%	4h	93.250	−0.030%	$4.1M	$985K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.495%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0260% / S −0.0207%	1h	93.255	−0.024%	$84K	—	111x	as long as short