Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0299%/8h= −32.7% APRpaid last 24h +0.013%

Price spread now: Deribit against Aster−0.057%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$210.208% of the position

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.016%+$2 on $10k

Price spread, last 3 days (all we have)+0.041%+$4 · spread now −0.057%, 7d avg +0.006%

Together, before fees+0.058%+ Points / potential airdropAster: Stage 5 · farm board+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Deribit is 0.062% cheaper against Aster than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.006%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.016% in total (about 1.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CLUSD1	92.773	−0.0313	get 0.0157% / 4h	2h 27m	$23.9M	$74.0M	20x
Short	Deribit WTIOIL_USDC-PERPETUAL	92.720	−0.0612	pay 0.0077% / 1h	27m 07s	$198K	$365K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$62.76
Price spread: −0.057% → +0.006%: −$6.24
Slippage, 4 orders: −$5.85
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$89.85
Costs to cover: 0.208%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Deribit: live order book, 41 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, 2 min ago	0.54 bp	4.5 bp −$5	4.7 bp −$47	doesn't fit	doesn't fit
Sell Deribit live order book, 41 min ago	0.54 bp	4.0 bp −$4	5.6 bp −$56	doesn't fit	doesn't fit

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-PERPETUALshort	−0.0612%	1h	92.720	−0.057%	$198K	$365K	15x
Aster CLUSD1long	−0.0313%	4h	92.773	long leg	$23.9M	$74.0M	20x
GRVT CL_USDT_Perp	−0.0268%	4h	92.770	−0.003%	$53K	$631K	25x	as long as short
Binance CLUSDT	−0.0261%	4h	92.755	−0.019%	$244.1M	$983.7M	100x	as long as short
Variational Omni CL	−0.0261%	4h	92.781	+0.008%	$13.3M	$11.1M	—	as long as short
Gate CL_USDT	−0.0131%	8h	92.700	−0.078%	$20.8M	$53.5M	100x	as long as short
tradeXYZ xyz:CL	−0.0057%	1h	92.769	−0.004%	$184.3M	$222.9M	20x	as long as short
Nado WTI-PERP	−0.0049%	1h	92.795	+0.024%	$965K	$691K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.820	+0.051%	$402K	$946K	15x	as long as short
Ondo Perps WTI-USD.P	−0.0042%	1h	92.690	−0.089%	$3.5M	$5.7M	20x	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	92.790	+0.019%	$271K	$874K	25x	as long as short
QFEX CL-USD	−0.0033%	1h	92.740	−0.035%	$2.5M	$1.7M	10x	as long as short
OKX CL-USDT-SWAP	−0.0013%	4h	92.740	−0.035%	$42.7M	$105.7M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.757	−0.017%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.785	+0.013%	$26.9M	$82.9M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.748	−0.027%	$41.9M	$44.3M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.770	−0.003%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.754	−0.020%	$17K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.322	−0.486%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0026%	8h	92.731	−0.045%	$16K	$367	5x	as long as short
Aftermath Perps WTIUSD	+0.0030%	1h	92.789	+0.018%	$2K	$28K	5x	as long as short
Lighter WTI	+0.0032%	1h	92.763	−0.011%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.790	+0.019%	$2.1M	$24.8M	10x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.868	+0.103%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.350	−0.456%	$726K	$3.0M	40x	as long as short
edgeX CLUSDC	+0.0041%	4h	92.783	+0.011%	$534K	$296K	30x	as long as short
Vest CL-PERP	+0.0046%	1h	92.790	+0.019%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.766	−0.007%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.750	−0.025%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTM	+0.0074%	4h	92.772	−0.001%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.750	−0.025%	$331K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.770	−0.003%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.725	−0.052%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.755	−0.019%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.83	+9.766%	$19K	$11K	30x	as long as short