Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0477%/8h= +52.3% APRpaid last 24h +0.084%

Price spread now: GMX against Aster−0.048%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 GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (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. GMX is 0.048% cheaper against Aster than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 8 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CLUSD1	93.190	−0.0288	get 0.0144% / 4h	41m 15s	$24.7M	$64.2M	20x
Short	GMX WTIOIL/USD [ETH-USDC]	93.145	L +0.0254% / S −0.0189%	get 0.0024% / 1h	41m 15s	$83K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.048%Rate

Funding earned: $100.25
Price spread: −0.048% → 0.000%: −$4.83
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $75.42
Costs to cover: 0.200%
Break-even: 1.7 days

Slippage unknown: Aster: live order book, 3 min ago; GMX: 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, 3 min ago	0.54 bp	4.5 bp −$5	6.4 bp −$64	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0501%	1h	93.170	−0.021%	$195K	$392K	15x	as long as short
Aster CLUSD1long	−0.0288%	4h	93.190	long leg	$24.7M	$64.2M	20x
GRVT CL_USDT_Perp	−0.0280%	4h	93.371	+0.194%	$75K	$636K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0209%	1h	93.194	+0.004%	$275K	$939K	25x	as long as short
Binance CLUSDT	−0.0163%	4h	93.145	−0.048%	$246.7M	$917.8M	100x	as long as short
Variational Omni CL	−0.0154%	4h	93.227	+0.040%	$13.4M	$10.6M	—	as long as short
Gate CL_USDT	−0.0130%	8h	93.140	−0.054%	$22.9M	$48.9M	100x	as long as short
Bitget CLUSDT	−0.0124%	4h	93.180	−0.011%	$42.2M	$41.5M	100x	as long as short
Aftermath Perps WTIUSD	−0.0114%	1h	93.332	+0.152%	$2K	$26K	5x	as long as short
edgeX CLUSDC	−0.0090%	4h	93.372	+0.196%	$525K	$304K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WTI-PERP	−0.0085%	1h	93.261	+0.076%	$957K	$624K	10x	as long as short
OKX CL-USDT-SWAP	−0.0064%	4h	93.140	−0.054%	$42.7M	$102.7M	50x	as long as short
QFEX CL-USD	−0.0038%	1h	93.200	+0.011%	$2.3M	$2.4M	10x	as long as short
Ondo Perps WTI-USD.P	−0.0030%	1h	93.190	0.000%	$3.6M	$5.3M	20x	as long as short
Lighter WTI	−0.0024%	1h	93.142	−0.052%	$11.2M	$9.1M	20x	as long as short
tradeXYZ xyz:CL	−0.0021%	1h	93.214	+0.026%	$184.2M	$202.4M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.376%	$405K	$810K	15x	as long as short
Paradex CL-USD-PERP	−0.0001%	8h	93.192	+0.002%	$16K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	93.281	+0.098%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.154	−0.039%	$26.8M	$79.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.244	+0.058%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.410	+0.236%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.216	+0.028%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.705	−0.520%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0016%	1h	93.240	+0.054%	$1.6M	$15.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.430	+0.258%	$740K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.230	+0.043%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.194	+0.004%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.190	0.000%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.224	+0.037%	$348K	$593K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.195	+0.005%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.350	+0.172%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.177	−0.014%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0175%	4h	93.200	+0.011%	$4.0M	$982K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.83	+10.347%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]short	L +0.0254% / S −0.0189%	1h	93.145	−0.048%	$83K	—	111x