Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0170%/8h= −18.6% APRpaid last 24h −0.019%

Price spread now: Aster against Aftermath Perps+0.223%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 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 0.223% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.223% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps WTIUSD	93.502	−0.0128	get 0.0016% / 1h	58m 53s	$2K	$26K	5x
Short	Aster CLUSD1	93.710	−0.0297	pay 0.0149% / 4h	58m 53s	$24.7M	$65.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aftermath 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 Aftermath PerpsbpFee AsterbpOrdersPrice spread, now +0.223%Rate

Funding earned: −$35.66
Price spread: +0.223% → 0.000%: $22.26
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$30.4
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Aftermath Perps: no order-book sample; Aster: live order book, 5 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	1.07 bp	5.1 bp −$5	5.1 bp −$51	doesn't fit	doesn't fit

Aftermath 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	−0.0604%	1h	93.640	+0.148%	$196K	$388K	15x	as long as short
GRVT CL_USDT_Perp	−0.0308%	4h	93.381	−0.129%	$53K	$607K	25x	as long as short
Aster CLUSD1short	−0.0297%	4h	93.710	+0.223%	$24.7M	$65.2M	20x
Nado WTI-PERP	−0.0251%	1h	93.821	+0.341%	$964K	$630K	10x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0208%	1h	93.735	+0.249%	$276K	$967K	25x	as long as short
Binance CLUSDT	−0.0171%	4h	93.680	+0.191%	$247.6M	$923.8M	100x	as long as short
Variational Omni CL	−0.0159%	4h	93.419	−0.089%	$13.4M	$10.7M	—	as long as short
Bitget CLUSDT	−0.0128%	4h	93.668	+0.178%	$42.4M	$42.1M	100x	as long as short
Aftermath Perps WTIUSDlong	−0.0128%	1h	93.502	long leg	$2K	$26K	5x
Gate CL_USDT	−0.0126%	8h	93.560	+0.062%	$22.8M	$48.2M	100x	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	−0.0058%	4h	93.670	+0.180%	$42.7M	$103.2M	50x	as long as short
edgeX CLUSDC	−0.0046%	4h	93.416	−0.092%	$525K	$306K	30x	as long as short
QFEX CL-USD	−0.0023%	1h	93.750	+0.265%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.041%	$405K	$862K	15x	as long as short
Lighter WTI	0.0000%	1h	93.661	+0.170%	$11.3M	$9.1M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.612	+0.118%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.690	+0.201%	$26.9M	$79.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.760	+0.276%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.440	−0.066%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.719	+0.232%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.232	−0.289%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	0.0000%	8h	93.671	+0.181%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.610	+0.116%	$1.9M	$14.9M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0033%	1h	93.700	+0.212%	$3.5M	$5.4M	20x	as long as short
StandX CL-USD	+0.0040%	1h	93.560	+0.062%	$741K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.680	+0.191%	—	$313K	10x	as long as short
tradeXYZ xyz:CL	+0.0050%	1h	93.596	+0.101%	$185.0M	$205.0M	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.763	+0.279%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.675	+0.185%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.636	+0.143%	$350K	$594K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.642	+0.150%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.480	−0.023%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.654	+0.163%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0179%	4h	93.630	+0.137%	$4.1M	$973K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.82	+9.965%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0251% / S −0.0186%	1h	93.685	+0.196%	$84K	—	111x	as long as short