Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0369%/8h= −40.4% APRpaid last 24h −0.070%

Price spread now: Aster against ApeX Omni+0.075%109s7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$510.510% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.289%−$29 on $10k

Price spread, last 4 days (all we have)−0.088%−$9 · spread now +0.075%, 7d avg +0.005%

Together, before fees−0.378%+ Points / potential airdropAster: Stage 5 · farm board−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.070% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.075% now, against its 7-day average of +0.005%): +$7 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.289% in total) that is about 41 hours. The two prices were read 109 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	ApeX Omni CLUSDT	93.640	0.0100	pay 0.0013% / 1h	35m 38s	$54K	$266K	50x
Short	Aster CLUSD1	93.710	−0.0269	pay 0.0134% / 4h	1h 35m	$24.6M	$65.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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 ApeX OmnibpFee AsterbpOrdersPrice spread, now +0.075%Rate

Funding earned: −$77.41
Price spread: +0.075% → +0.005%: $7
Slippage, 4 orders: −$32.98
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$121.4
Costs to cover: 0.510%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 6 min ago; Aster: live order book, 3 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 ApeX Omni live order book, 6 min ago	8.55 bp	21.2 bp −$21	185.5 bp −$1,855	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	0.53 bp	4.5 bp −$5	4.5 bp −$45	doesn't fit	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	−0.0390%	1h	93.680	+0.043%	$197K	$382K	15x	as long as short
Aster CLUSD1short	−0.0269%	4h	93.710	+0.075%	$24.6M	$65.3M	20x
GRVT CL_USDT_Perp	−0.0246%	4h	93.610	−0.032%	$58K	$629K	25x	as long as short
Aftermath Perps WTIUSD	−0.0147%	1h	93.719	+0.084%	$2K	$26K	5x	as long as short
Binance CLUSDT	−0.0147%	4h	93.685	+0.048%	$246.5M	$919.6M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.699	+0.063%	$287K	$957K	25x	as long as short
Variational Omni CL	−0.0136%	4h	93.679	+0.041%	$13.5M	$10.6M	—	as long as short
Ondo Perps WTI-USD.P	−0.0110%	1h	93.640	0.000%	$3.5M	$5.3M	20x	as long as short
Gate CL_USDT	−0.0103%	8h	93.610	−0.032%	$22.4M	$49.0M	100x	as long as short
Bitget CLUSDT	−0.0100%	4h	93.686	+0.049%	$42.3M	$42.1M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0066%	1h	93.675	+0.037%	$185.1M	$206.6M	20x	as long as short
Nado WTI-PERP	−0.0057%	1h	93.742	+0.109%	$966K	$625K	10x	as long as short
QFEX CL-USD	−0.0023%	1h	93.670	+0.032%	$2.3M	$2.5M	10x	as long as short
edgeX CLUSDC	−0.0018%	4h	93.716	+0.081%	$527K	$305K	30x	as long as short
OKX CL-USDT-SWAP	−0.0015%	4h	93.690	+0.053%	$42.6M	$101.5M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.150%	$404K	$916K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.733	+0.099%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.700	+0.064%	$27.0M	$79.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.749	+0.116%	$3.1M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.680	+0.043%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.697	+0.061%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.244	−0.423%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0026%	8h	93.670	+0.032%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.681	+0.044%	$11.3M	$9.6M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.720	+0.085%	$2.0M	$15.9M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.700	+0.064%	$743K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.720	+0.085%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.685	+0.048%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.696	+0.060%	$2.1M	$61K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.684	+0.047%	$333K	$575K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.693	+0.057%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDTlong	+0.0100%	1h	93.640	long leg	$54K	$266K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	93.667	+0.029%	$4K	—	10x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.97	+9.967%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0225%	4h	93.750	+0.117%	$4.0M	$978K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0247% / S −0.0181%	1h	93.695	+0.059%	$84K	—	111x	as long as short