Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.022%

Price spread now: Gate against Aster−0.076%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.435%−$43 on $10k

Price spread, last 7 days−0.034%−$3 · spread now −0.076%, 7d avg −0.084%

Together, before fees−0.469%+ Points / potential airdropAster: Stage 5 · farm board−$47 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CLUSD1	91.740	0	get 0.0000% / 4h	1h 50m	$24.1M	$78.7M	20x
Short	Gate CL_USDT	91.670	0	get 0.0000% / 8h	1h 50m	$21.2M	$58.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.076%Rate

Funding earned: $0
Price spread: −0.076% → −0.084%: $0.8
Slippage, 4 orders: −$6.79
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$28.99
Costs to cover: 0.298%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Gate: 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, 4 min ago	0.55 bp	4.5 bp −$5	5.0 bp −$50	101.2 bp −$10.1K	doesn't fit
Sell Gate live order book, 3 min ago	0.55 bp	10.7 bp −$11	16.5 bp −$165	27.3 bp −$2,732	32.6 bp −$16.3K

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	−0.0512%	1h	91.750	+0.011%	$95K	$260K	15x	as long as short
ApeX Omni CLUSDT	−0.0383%	1h	91.740	0.000%	$55K	$266K	50x	as long as short
Lighter WTI	−0.0296%	1h	91.740	0.000%	$11.0M	$11.1M	20x	as long as short
tradeXYZ xyz:CL	−0.0237%	1h	91.766	+0.028%	$184.8M	$284.9M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0210%	1h	91.710	−0.033%	$3.5M	$6.5M	20x	as long as short
Nado WTI-PERP	−0.0205%	1h	91.834	+0.102%	$875K	$726K	10x	as long as short
Bullet WTIOIL-USD	−0.0180%	1h	91.727	−0.014%	$18K	$240K	10x	as long as short
Aftermath Perps WTIUSD	−0.0076%	1h	91.720	−0.022%	$2K	$31K	5x	as long as short
Paradex CL-USD-PERP	−0.0058%	8h	91.699	−0.045%	$15K	$367	5x	as long as short
Polymarket Perps WTIOIL-USD	−0.0054%	1h	91.758	+0.020%	$1.6M	$1.4M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster CLUSD1long	0.0000%	4h	91.740	long leg	$24.1M	$78.7M	20x
dYdX WTI-USD	0.0000%	1h	91.787	+0.051%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.740	0.000%	$245.0M	$1.13B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.740	0.000%	$25.2M	$98.7M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.750	+0.011%	$43.0M	$114.8M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.740	0.000%	$2.4M	$2.7M	10x	as long as short
Gate CL_USDTshort	0.0000%	8h	91.670	−0.076%	$21.2M	$58.6M	100x
Bitget CLUSDT	0.0000%	4h	91.738	−0.002%	$42.0M	$64.3M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.737	−0.003%	$13.4M	$15.7M	—	as long as short
GRVT CL_USDT_Perp	0.0000%	4h	91.725	−0.016%	$58K	$761K	25x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.820	+0.087%	$33K	$99K	20x	as long as short
Extended WTI-USD	+0.0032%	1h	91.825	+0.093%	$2.0M	$29.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	91.720	−0.022%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	91.870	+0.142%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.736	−0.004%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0079%	4h	91.716	−0.026%	$527K	$341K	30x	as long as short
Pacifica CL	+0.0100%	1h	91.749	+0.010%	$335K	$570K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.717	−0.025%	$7.3M	$2.1M	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.711	−0.032%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	92.080	+0.371%	$393K	$1.2M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	101.08	+10.179%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0211% / S −0.0127%	1h	91.725	−0.016%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.730	−0.011%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0452%	1h	91.742	+0.002%	$256K	$1.3M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	91.888	+0.161%	$3.2M	$2.7M	20x	as long as short