Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0321%/8h= +35.1% APRpaid last 24h +0.026%

Price spread now: Bybit against Aster+0.011%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$220.222% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.225%−$22 on $10k

Price spread, last 7 days−0.016%−$2 · spread now +0.011%, 7d avg −0.025%

Together, before fees−0.241%+ Points / potential airdropAster: Stage 5 · farm board−$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Bybit is 0.036% dearer against Aster than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.025%. Mind the row above: over the last 7 days funding on this pair cost −0.225%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CLUSD1	92.810	−0.0321	get 0.0160% / 4h	2h 30m	$24.0M	$74.0M	20x
Short	Bybit CLUSDT	92.820	0	get 0.0000% / 8h	6h 30m	$27.0M	$83.0M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.011%Rate

Funding earned: $67.34
Price spread: +0.011% → −0.025%: $3.57
Slippage, 4 orders: −$3.21
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $48.71
Costs to cover: 0.222%
Break-even: 1.9 days

Slippage from Aster: live order book, 3 min ago; Bybit: 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 Aster live order book, 3 min ago	0.54 bp	4.5 bp −$5	5.5 bp −$55	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.54 bp	7.1 bp −$7	8.4 bp −$84	14.5 bp −$1,454	79.9 bp −$39.9K

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
Deribit WTIOIL_USDC-PERPETUAL	−0.0504%	1h	92.760	−0.054%	$198K	$365K	15x	as long as short
Aster CLUSD1long	−0.0321%	4h	92.810	long leg	$24.0M	$74.0M	20x
GRVT CL_USDT_Perp	−0.0286%	4h	92.804	−0.007%	$53K	$631K	25x	as long as short
Binance CLUSDT	−0.0265%	4h	92.790	−0.022%	$244.4M	$986.1M	100x	as long as short
Variational Omni CL	−0.0261%	4h	92.781	−0.032%	$13.3M	$11.1M	—	as long as short
Gate CL_USDT	−0.0140%	8h	92.750	−0.065%	$20.9M	$53.3M	100x	as long as short
tradeXYZ xyz:CL	−0.0063%	1h	92.790	−0.022%	$184.4M	$222.8M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.030	−0.840%	$399K	$938K	15x	as long as short
Ondo Perps WTI-USD.P	−0.0047%	1h	92.760	−0.054%	$3.5M	$5.7M	20x	as long as short
Nado WTI-PERP	−0.0046%	1h	92.850	+0.043%	$965K	$693K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.828	+0.019%	$273K	$872K	25x	as long as short
QFEX CL-USD	−0.0033%	1h	92.790	−0.022%	$2.5M	$1.7M	10x	as long as short
OKX CL-USDT-SWAP	−0.0010%	4h	92.790	−0.022%	$42.7M	$106.0M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.837	+0.029%	$8K	$3K	5x	as long as short
Bybit CLUSDTshort	0.0000%	8h	92.820	+0.011%	$27.0M	$83.0M	150x
Bitget CLUSDT	0.0000%	4h	92.775	−0.038%	$41.9M	$44.5M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.830	+0.022%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.803	−0.008%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.345	−0.501%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0025%	8h	92.766	−0.047%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.786	−0.026%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.820	+0.011%	$2.1M	$24.9M	10x	as long as short
Aftermath Perps WTIUSD	+0.0032%	1h	92.812	+0.002%	$2K	$28K	5x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.928	+0.127%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.370	−0.474%	$726K	$3.0M	40x	as long as short
edgeX CLUSDC	+0.0043%	4h	92.764	−0.049%	$533K	$298K	30x	as long as short
Vest CL-PERP	+0.0046%	1h	92.820	+0.011%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.814	+0.004%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.795	−0.016%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTM	+0.0072%	4h	92.823	+0.014%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.798	−0.013%	$331K	$616K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.790	−0.022%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.772	−0.041%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.795	−0.016%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.83	+9.722%	$19K	$11K	30x	as long as short