Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0219%/8h= −24.0% APRpaid last 24h −0.043%

Price spread now: Aster against Aevo+0.029%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.029% dearer against Aevo than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo WTIOIL-PERP	91.923	0.0104	pay 0.0013% / 1h	26m 10s	$4K	$49	10x
Short	Aster CLUSD1	91.950	−0.0115	pay 0.0058% / 4h	3h 26m	$24.8M	$71.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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 AevobpFee AsterbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$46.08
Price spread: +0.029% → 0.000%: $2.9
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: −$67.18
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Aster: live order book, 3 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 Aevo no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	0.54 bp	4.5 bp −$5	5.4 bp −$54	doesn't fit	doesn't fit

Aevo: 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	−0.0120%	1h	91.971	+0.051%	$252K	$1.3M	25x	as long as short
Aster CLUSD1short	−0.0115%	4h	91.950	+0.029%	$24.8M	$71.2M	20x
Aftermath Perps WTIUSD	−0.0093%	1h	91.900	−0.026%	$2K	$32K	5x	as long as short
Variational Omni CL	−0.0056%	4h	91.864	−0.065%	$13.5M	$16.2M	—	as long as short
tradeXYZ xyz:CL	−0.0055%	1h	91.939	+0.017%	$182.9M	$291.2M	20x	as long as short
Binance CLUSDT	−0.0053%	4h	91.941	+0.020%	$243.9M	$1.06B	100x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0038% / S +0.0036%	1h	91.654	−0.293%	$178K	—	20x	as long as short
QFEX CL-USD	−0.0031%	1h	91.950	+0.029%	$2.4M	$2.9M	10x	as long as short
dYdX WTI-USD	0.0000%	1h	91.955	+0.035%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	91.946	+0.025%	$24.8M	$95.7M	150x	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	0.0000%	4h	91.930	+0.007%	$43.0M	$112.1M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.049	+0.136%	$3.2M	$2.6M	20x	as long as short
Gate CL_USDT	0.0000%	8h	91.890	−0.036%	$21.0M	$62.1M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.919	−0.005%	$42.4M	$63.8M	100x	as long as short
GRVT CL_USDT_Perp	0.0000%	4h	91.883	−0.044%	$61K	$807K	25x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	91.944	+0.022%	$18K	$244K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	91.970	+0.051%	$95K	$314K	15x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.020	+0.105%	$396K	$1.1M	15x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.900	−0.025%	$33K	$99K	20x	as long as short
edgeX CLUSDC	+0.0015%	4h	91.904	−0.021%	$528K	$346K	30x	as long as short
Nado WTI-PERP	+0.0016%	1h	91.950	+0.029%	$848K	$754K	10x	as long as short
Ondo Perps WTI-USD.P	+0.0022%	1h	91.880	−0.047%	$3.5M	$6.3M	20x	as long as short
Lighter WTI	+0.0032%	1h	91.937	+0.015%	$11.1M	$12.6M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	91.960	+0.040%	$1.9M	$29.2M	10x	as long as short
Paradex CL-USD-PERP	+0.0033%	8h	91.918	−0.006%	$15K	$367	5x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	92.595	+0.731%	$18K	$14K	30x	as long as short
StandX CL-USD	+0.0040%	1h	91.930	+0.007%	$725K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	91.990	+0.072%	—	$243K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	91.926	+0.003%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.941	+0.019%	$2.0M	$43K	20x	as long as short
Pacifica CL	+0.0100%	1h	91.950	+0.029%	$316K	$545K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.954	+0.033%	$7.5M	$1.9M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.070	+0.160%	$57K	$269K	50x	as long as short
Aevo WTIOIL-PERPlong	+0.0104%	1h	91.923	long leg	$4K	$49	10x
GMX WTIOIL/USD [ETH-USDC]	L +0.0202% / S −0.0127%	1h	91.945	+0.024%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.910	−0.015%	$4.0M	$1.5M	50x	as long as short