Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0349%/8h= +38.3% APRpaid last 24h +0.056%

Price spread now: ApeX Omni against Aster−0.097%59s7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as 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−$520.522% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.278%+$28 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.097%, 7d avg −0.004%

Together, before fees+0.335%+ Points / potential airdropAster: Stage 5 · farm board+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.093% cheaper against Aster than usual: you would sell low and buy high (spread −0.097% now, against its 7-day average of −0.004%). If the spread goes back, that is −$9 on $10k: about 21 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.278% in total) that is about 2.3 days. The two prices were read 59 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	Aster CLUSD1	92.760	−0.0249	get 0.0125% / 4h	1h 34m	$23.9M	$68.8M	20x
Short	ApeX Omni CLUSDT	92.670	0.0100	get 0.0013% / 1h	34m 29s	$56K	$265K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.097%Rate

Funding earned: $73.37
Price spread: −0.097% → −0.004%: −$9.28
Slippage, 4 orders: −$34.19
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $11.89
Costs to cover: 0.522%
Break-even: 5.9 days

Slippage from Aster: live order book, 5 min ago; ApeX Omni: live order book, 27 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 Aster live order book, 5 min ago	0.54 bp	6.5 bp −$7	7.6 bp −$76	84.9 bp −$8,488	doesn't fit
Sell ApeX Omni live order book, 27 min ago	8.62 bp	20.2 bp −$20	210.6 bp −$2,106	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	−0.0612%	1h	92.710	−0.054%	$198K	$369K	15x	as long as short
Aster CLUSD1long	−0.0249%	4h	92.760	long leg	$23.9M	$68.8M	20x
GRVT CL_USDT_Perp	−0.0230%	4h	92.720	−0.043%	$61K	$633K	25x	as long as short
Binance CLUSDT	−0.0210%	4h	92.741	−0.021%	$244.6M	$955.8M	100x	as long as short
Variational Omni CL	−0.0204%	4h	92.697	−0.068%	$13.5M	$11.1M	—	as long as short
Ondo Perps WTI-USD.P	−0.0171%	1h	92.690	−0.075%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0148%	1h	92.817	+0.061%	$960K	$664K	10x	as long as short
Gate CL_USDT	−0.0091%	8h	92.680	−0.086%	$20.9M	$52.5M	100x	as long as short
tradeXYZ xyz:CL	−0.0071%	1h	92.771	+0.012%	$184.4M	$218.2M	20x	as long as short
edgeX CLUSDC	−0.0056%	4h	92.750	−0.010%	$528K	$302K	30x	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	−0.0043%	4h	92.730	−0.032%	$42.7M	$101.9M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.011%	$402K	$944K	15x	as long as short
Aftermath Perps WTIUSD	−0.0037%	1h	92.760	0.000%	$2K	$27K	5x	as long as short
QFEX CL-USD	−0.0032%	1h	92.770	+0.011%	$2.5M	$1.7M	10x	as long as short
Lighter WTI	0.0000%	1h	92.756	−0.004%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.761	+0.002%	$8K	$3K	5x	as long as short
Extended WTI-USD	0.0000%	1h	92.800	+0.043%	$2.1M	$22.9M	10x	as long as short
Bybit CLUSDT	0.0000%	8h	92.750	−0.011%	$26.4M	$81.3M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.742	−0.019%	$41.9M	$43.3M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.790	+0.032%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.756	−0.004%	$18K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.325	−0.469%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0019%	8h	92.738	−0.024%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.490	−0.291%	$727K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.780	+0.022%	—	$310K	10x	as long as short
KuCoin CLUSDTM	+0.0048%	4h	92.764	+0.004%	$7.3M	$2.3M	50x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.756	−0.004%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.745	−0.016%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	92.861	+0.109%	$3.3M	$2.7M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.745	−0.017%	$331K	$618K	10x	as long as short
ApeX Omni CLUSDTshort	+0.0100%	1h	92.670	−0.097%	$56K	$265K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	92.708	−0.056%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.751	−0.009%	$273K	$872K	25x	as long as short
BloFin CL-USDT	+0.0204%	4h	92.740	−0.022%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.755	−0.005%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.95	+9.912%	$19K	$11K	30x	as long as short