Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0028%/8h= −3.0% APRpaid last 24h −0.008%

Price spread now: edgeX against Vest−0.074%57s7-day average +0.866% · you buy dearer than you sell

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

Long on Vest Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.069%−$7 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.074%, 7d avg +0.866%

Together, before fees−0.050%+ Points / potential airdropVest: Active · edgeX: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and edgeX is 0.940% cheaper against Vest than usual: you would sell low and buy high (−$94 if the spread goes back to its 7-day average of +0.866%). Swap the legs. The two prices were read 57 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	Vest CL-PERP	92.790	0.0046	pay 0.0006% / 1h	35m 40s	—	$310K	10x
Short	edgeX CLUSDC	92.721	0.0018	get 0.0009% / 4h	2h 35m	$533K	$297K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Vest. 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 VestbpFee edgeXbpOrdersPrice spread, now −0.074%Rate

Funding earned: −$5.84
Price spread: −0.074% → +0.866%: −$94.02
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$110.86
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; edgeX: live order book, 33 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 Vest no order-book sample	—	—	—	—	—
Sell edgeX live order book, 33 min ago	10.10 bp	14.6 bp −$15	15.0 bp −$150	22.9 bp −$2,289	doesn't fit

Vest: 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	−0.0612%	1h	92.740	−0.054%	$198K	$366K	15x	as long as short
Aster CLUSD1	−0.0329%	4h	92.770	−0.022%	$23.9M	$74.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0296%	4h	92.686	−0.112%	$50K	$633K	25x	as long as short
Binance CLUSDT	−0.0272%	4h	92.757	−0.035%	$244.3M	$990.0M	100x	as long as short
Variational Omni CL	−0.0265%	4h	92.761	−0.032%	$13.3M	$11.1M	—	as long as short
Gate CL_USDT	−0.0153%	8h	92.710	−0.086%	$20.9M	$53.1M	100x	as long as short
tradeXYZ xyz:CL	−0.0068%	1h	92.761	−0.031%	$185.0M	$221.7M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0065%	1h	92.730	−0.065%	$3.5M	$5.7M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.030	−0.819%	$399K	$939K	15x	as long as short
Nado WTI-PERP	−0.0039%	1h	92.810	+0.022%	$936K	$676K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.800	+0.011%	$275K	$870K	25x	as long as short
QFEX CL-USD	−0.0033%	1h	92.740	−0.054%	$2.5M	$1.7M	10x	as long as short
OKX CL-USDT-SWAP	−0.0010%	4h	92.770	−0.022%	$42.8M	$106.0M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.754	−0.039%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.780	−0.011%	$26.3M	$82.9M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.757	−0.036%	$41.9M	$45.8M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.790	0.000%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.768	−0.023%	$17K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.338	−0.487%	$5K	—	150x	as long as short
edgeX CLUSDCshort	+0.0018%	4h	92.721	−0.074%	$533K	$297K	30x
Paradex CL-USD-PERP	+0.0024%	8h	92.755	−0.037%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0024%	1h	92.800	+0.011%	$2.1M	$25.0M	10x	as long as short
Lighter WTI	+0.0032%	1h	92.760	−0.032%	$11.2M	$10.2M	20x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.887	+0.104%	$3.3M	$2.7M	20x	as long as short
Aftermath Perps WTIUSD	+0.0038%	1h	92.757	−0.035%	$2K	$28K	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.350	−0.474%	$726K	$3.0M	40x	as long as short
Vest CL-PERPlong	+0.0046%	1h	92.790	long leg	—	$310K	10x
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.775	−0.016%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.779	−0.012%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTM	+0.0068%	4h	92.800	+0.011%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.763	−0.029%	$331K	$616K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.840	+0.054%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.744	−0.050%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.765	−0.027%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.83	+9.746%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0228%	4h	92.730	−0.065%	$4.0M	$1.2M	50x	as long as short