Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0210%/8h= +23.0% APRpaid last 24h +0.016%

Price spread now: gTrade (Gains Network) against Aster−0.454%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 gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (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. gTrade (Gains Network) is 0.454% cheaper against Aster than usual: you would sell low and buy high (spread −0.454% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$45 on $10k: about 7.2 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CLUSD1	92.716	−0.0246	get 0.0123% / 4h	1h 36m	$23.9M	$69.1M	20x
Short	gTrade (Gains Network) WTI/USD	92.295	L 0.0000% / S +0.0036%	pay 0.0004% / 1h	36m 57s	$5K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.454%Rate

Funding earned: $44.15
Price spread: −0.454% → 0.000%: −$45.41
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Net: −$17.26
Costs to cover: 0.160%
Break-even: 9.7 days

Slippage unknown: Aster: live order book, 2 min ago; gTrade (Gains Network): 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, 2 min ago	0.54 bp	6.5 bp −$7	7.6 bp −$76	84.9 bp −$8,488	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 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	−0.0720%	1h	92.680	−0.039%	$198K	$369K	15x	as long as short
Aster CLUSD1long	−0.0246%	4h	92.716	long leg	$23.9M	$69.1M	20x
GRVT CL_USDT_Perp	−0.0228%	4h	92.729	+0.015%	$61K	$633K	25x	as long as short
Binance CLUSDT	−0.0209%	4h	92.696	−0.022%	$244.0M	$955.9M	100x	as long as short
Variational Omni CL	−0.0203%	4h	92.777	+0.066%	$13.6M	$11.1M	—	as long as short
Ondo Perps WTI-USD.P	−0.0162%	1h	92.690	−0.028%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0143%	1h	92.804	+0.095%	$960K	$664K	10x	as long as short
Gate CL_USDT	−0.0092%	8h	92.640	−0.082%	$20.9M	$52.4M	100x	as long as short
tradeXYZ xyz:CL	−0.0070%	1h	92.708	−0.009%	$184.3M	$218.0M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	+0.037%	$402K	$944K	15x	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	−0.0036%	4h	92.680	−0.039%	$42.7M	$101.9M	50x	as long as short
QFEX CL-USD	−0.0032%	1h	92.740	+0.026%	$2.5M	$1.7M	10x	as long as short
Aftermath Perps WTIUSD	−0.0028%	1h	92.796	+0.087%	$2K	$27K	5x	as long as short
edgeX CLUSDC	−0.0011%	4h	92.800	+0.090%	$528K	$301K	30x	as long as short
Lighter WTI	0.0000%	1h	92.724	+0.009%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.761	+0.049%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.701	−0.016%	$26.4M	$81.3M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.683	−0.036%	$41.8M	$43.3M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.790	+0.080%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.727	+0.012%	$18K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USDshort	L 0.0000% / S +0.0036%	1h	92.295	−0.454%	$5K	—	150x
Extended WTI-USD	+0.0008%	1h	92.750	+0.037%	$2.1M	$23.0M	10x	as long as short
Paradex CL-USD-PERP	+0.0023%	8h	92.732	+0.017%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.430	−0.308%	$726K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.770	+0.058%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.749	+0.036%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.716	0.000%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTM	+0.0052%	4h	92.764	+0.052%	$7.3M	$2.3M	50x	as long as short
RISEx CL/USDC	+0.0066%	1h	92.865	+0.161%	$3.3M	$2.7M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.742	+0.028%	$331K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.780	+0.069%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.691	−0.027%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.722	+0.007%	$273K	$872K	25x	as long as short
BloFin CL-USDT	+0.0206%	4h	92.700	−0.017%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.715	−0.001%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.95	+9.964%	$19K	$11K	30x	as long as short