Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0132%/8h= +14.4% APRpaid last 24h +0.001%

Price spread now: edgeX against Ondo Perps+0.042%54s7-day average +0.031% · you sell dearer than you buy

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

Long on Ondo Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.313%−$31 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.042%, 7d avg +0.031%

Together, before fees−0.309%+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm board−$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.313%, so the current rate has only just turned in your favour. The two prices were read 54 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	Ondo Perps WTI-USD.P	93.310	−0.0137	get 0.0017% / 1h	44m 20s	$3.5M	$5.4M	20x
Short	edgeX CLUSDC	93.349	−0.0005	pay 0.0003% / 4h	2h 44m	$525K	$307K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Ondo Perps. 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 Ondo PerpsbpFee edgeXbpOrdersPrice spread, now +0.042%Rate

Funding earned: $27.63
Price spread: +0.042% → +0.031%: $1.04
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $14.67
Costs to cover: 0.140%
Break-even: 3.3 days

Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 4 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell edgeX live order book, 4 min ago	10.07 bp	14.6 bp −$15	14.7 bp −$147	21.3 bp −$2,126	doesn't fit

Ondo Perps: 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
Deribit WTIOIL_USDC-PERPETUAL	−0.0607%	1h	93.320	+0.011%	$197K	$372K	15x	as long as short
GRVT CL_USDT_Perp	−0.0344%	4h	93.337	+0.029%	$58K	$649K	25x	as long as short
Aster CLUSD1	−0.0301%	4h	93.371	+0.065%	$24.4M	$66.4M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.371	+0.065%	$283K	$961K	25x	as long as short
Binance CLUSDT	−0.0195%	4h	93.350	+0.043%	$246.6M	$934.6M	100x	as long as short
Variational Omni CL	−0.0184%	4h	93.329	+0.020%	$13.3M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0142%	1h	93.325	+0.016%	$2K	$26K	5x	as long as short
Ondo Perps WTI-USD.Plong	−0.0137%	1h	93.310	long leg	$3.5M	$5.4M	20x
Bitget CLUSDT	−0.0134%	4h	93.337	+0.029%	$42.1M	$43.0M	100x	as long as short
Nado WTI-PERP	−0.0127%	1h	93.405	+0.102%	$967K	$619K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0071%	8h	93.300	−0.011%	$21.6M	$49.3M	100x	as long as short
tradeXYZ xyz:CL	−0.0069%	1h	93.362	+0.056%	$184.5M	$215.5M	20x	as long as short
OKX CL-USDT-SWAP	−0.0066%	4h	93.360	+0.054%	$42.6M	$102.6M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.161%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.350	+0.043%	$2.3M	$2.2M	10x	as long as short
Paradex CL-USD-PERP	−0.0008%	8h	93.340	+0.032%	$16K	$367	5x	as long as short
edgeX CLUSDCshort	−0.0005%	4h	93.349	+0.042%	$525K	$307K	30x
Lighter WTI	0.0000%	1h	93.351	+0.044%	$11.2M	$9.9M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	+0.021%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.365	+0.059%	$27.1M	$79.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.419	+0.116%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.390	+0.086%	$37K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.366	+0.060%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.894	−0.446%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	93.380	+0.075%	$2.0M	$17.8M	10x	as long as short
KuCoin CLUSDTM	+0.0040%	4h	93.382	+0.077%	$7.1M	$2.4M	50x	as long as short
StandX CL-USD	+0.0040%	1h	93.340	+0.032%	$739K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.370	+0.064%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.353	+0.046%	$332K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.357	+0.050%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.347	+0.040%	$2.1M	$60K	20x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.360	+0.054%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.315	+0.005%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0174%	4h	93.340	+0.032%	$4.0M	$983K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.57	+9.926%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0233% / S −0.0165%	1h	93.355	+0.048%	$84K	—	111x	as long as short