Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0019%/8h= +2.0% APRpaid last 24h +0.003%

Price spread now: edgeX against QFEX+0.016%7-day average −0.008% · 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−$40as in the Price arb table

costs, in and out, $10k−$430.428% of the position

Long on QFEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.031%−$3 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.016%, 7d avg −0.008%

Together, before fees−0.032%+ Points / potential airdropedgeX: Active · farm board−$3 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 0.025% dearer against QFEX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CL-USD	92.830	−0.0026	get 0.0003% / 1h	37m 23s	$2.3M	$2.4M	10x
Short	edgeX CLUSDC	92.845	−0.0007	pay 0.0003% / 4h	3h 37m	$542K	$342K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against QFEX. 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 QFEXbpFee edgeXbpOrdersPrice spread, now +0.016%Rate

Funding earned: $3.9
Price spread: +0.016% → −0.008%: $2.47
Slippage, 4 orders: −$23.8
Fee QFEX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$36.43
Costs to cover: 0.428%
Break-even: 72.4 days

Slippage from QFEX: live order book, 5 min ago; edgeX: live order book, 61 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 QFEX live order book, 5 min ago	2.15 bp	7.9 bp −$8	8.2 bp −$82	9.6 bp −$961	18.9 bp −$9,445
Sell edgeX live order book, 61 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	−0.0504%	1h	92.810	−0.022%	$187K	$409K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0313%	1h	92.879	+0.052%	$270K	$932K	25x	as long as short
Aster CLUSD1	−0.0228%	4h	92.835	+0.006%	$24.8M	$60.8M	20x	as long as short
Gate CL_USDT	−0.0227%	8h	92.750	−0.086%	$23.4M	$49.3M	100x	as long as short
Binance CLUSDT	−0.0131%	4h	92.812	−0.019%	$245.2M	$932.7M	100x	as long as short
Variational Omni CL	−0.0117%	4h	92.920	+0.097%	$13.5M	$10.7M	—	as long as short
GRVT CL_USDT_Perp	−0.0104%	4h	92.790	−0.043%	$75K	$624K	25x	as long as short
Nado WTI-PERP	−0.0100%	1h	92.833	+0.004%	$950K	$606K	10x	as long as short
Bitget CLUSDT	−0.0082%	4h	92.799	−0.033%	$42.0M	$41.7M	100x	as long as short
Aftermath Perps WTIUSD	−0.0076%	1h	92.921	+0.098%	$2K	$27K	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	−0.0049%	4h	92.790	−0.043%	$42.5M	$102.8M	50x	as long as short
QFEX CL-USDlong	−0.0026%	1h	92.830	long leg	$2.3M	$2.4M	10x
tradeXYZ xyz:CL	−0.0019%	1h	92.819	−0.012%	$184.2M	$191.5M	20x	as long as short
edgeX CLUSDCshort	−0.0007%	4h	92.845	+0.016%	$542K	$342K	30x
dYdX WTI-USD	0.0000%	1h	92.843	+0.014%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.820	−0.011%	$27.4M	$80.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.842	+0.013%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.821	−0.010%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.385	−0.479%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.930	+0.108%	$37K	$39K	20x	as long as short
Paradex CL-USD-PERP	+0.0013%	8h	92.768	−0.067%	$16K	$367	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	93.160	+0.355%	$404K	$794K	15x	as long as short
Ondo Perps WTI-USD.P	+0.0022%	1h	92.780	−0.054%	$3.6M	$5.2M	20x	as long as short
Lighter WTI	+0.0032%	1h	92.809	−0.023%	$11.3M	$8.8M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.830	0.000%	$1.7M	$14.5M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.910	+0.086%	$732K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.820	−0.011%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.819	−0.012%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.825	−0.005%	$2.1M	$69K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.823	−0.008%	$346K	$589K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.831	+0.001%	$7.0M	$2.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.840	+0.011%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.823	−0.007%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S 0.0000%	1h	92.855	+0.027%	$85K	—	111x	as long as short
BloFin CL-USDT	+0.0189%	4h	92.860	+0.032%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+10.023%	$19K	$5K	30x	as long as short