Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.043%

Price spread now: Aevo against Aster−0.020%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Aevo

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

Funding pays, the price is against you. Aevo is 0.020% cheaper against Aster than usual: you would sell low and buy high (spread −0.020% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 16 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CLUSD1	92.044	0	get 0.0000% / 4h	2h 33m	$24.5M	$76.1M	20x
Short	Aevo WTIOIL-PERP	92.025	0.0104	get 0.0013% / 1h	33m 53s	$4K	$49	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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 AsterbpFee AevobpOrdersPrice spread, now −0.020%Rate

Funding earned: $21.84
Price spread: −0.020% → 0.000%: −$2.05
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$4.21
Costs to cover: 0.240%
Break-even: 8.3 days

Slippage unknown: Aster: live order book, 5 min ago; Aevo: no order-book sample. 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 Aster live order book, 5 min ago	0.54 bp	7.8 bp −$8	8.7 bp −$87	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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 35 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
QFEX CL-USD	−0.0019%	1h	92.030	−0.015%	$2.4M	$2.8M	10x	as long as short
Aftermath Perps WTIUSD	0.0000%	1h	91.984	−0.065%	$2K	$31K	5x	as long as short
Aster CLUSD1long	0.0000%	4h	92.044	long leg	$24.5M	$76.1M	20x
dYdX WTI-USD	0.0000%	1h	91.933	−0.120%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.998	−0.050%	$247.3M	$1.12B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	92.020	−0.026%	$25.3M	$99.7M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.000	−0.048%	$43.1M	$116.5M	50x	as long as short
Gate CL_USDT	0.0000%	8h	91.950	−0.102%	$21.3M	$62.8M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.997	−0.051%	$42.3M	$69.2M	100x	as long as short
Variational Omni CL	0.0000%	4h	92.142	+0.106%	$13.7M	$16.1M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT CL_USDT_Perp	0.0000%	4h	92.068	+0.026%	$58K	$782K	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	91.970	−0.080%	$95K	$315K	15x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.050	+0.007%	$33K	$99K	20x	as long as short
Lighter WTI	+0.0032%	1h	92.015	−0.031%	$11.0M	$12.2M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.032	−0.013%	$2.0M	$29.7M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	92.044	0.000%	$17K	$18K	30x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0040%	1h	91.966	−0.084%	$258K	$1.3M	25x	as long as short
StandX CL-USD	+0.0040%	1h	92.040	−0.004%	$726K	$3.0M	40x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0040%	1h	92.080	+0.039%	$393K	$1.3M	15x	as long as short
Vest CL-PERP	+0.0046%	1h	92.020	−0.026%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.970	−0.080%	$2.0M	$42K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	92.010	−0.037%	$3.5M	$6.5M	20x	as long as short
edgeX CLUSDC	+0.0069%	4h	92.092	+0.053%	$530K	$342K	30x	as long as short
Polymarket Perps WTIOIL-USD	+0.0083%	1h	92.037	−0.008%	$1.6M	$1.4M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.028	−0.018%	$333K	$573K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.003	−0.045%	$7.3M	$2.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.110	+0.072%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERPshort	+0.0104%	1h	92.025	−0.020%	$4K	$49	10x
Paradex CL-USD-PERP	+0.0119%	8h	92.011	−0.036%	$15K	$367	5x	as long as short
Bullet WTIOIL-USD	+0.0174%	1h	91.942	−0.111%	$18K	$241K	10x	as long as short
Nado WTI-PERP	+0.0178%	1h	91.929	−0.125%	$878K	$788K	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0212% / S −0.0127%	1h	91.915	−0.140%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.040	−0.004%	$4.0M	$1.5M	50x	as long as short
tradeXYZ xyz:CL	+0.0251%	1h	92.033	−0.012%	$182.8M	$295.3M	20x	as long as short
RISEx CL/USDC	+0.0266%	1h	92.168	+0.134%	$3.2M	$2.7M	20x	as long as short