Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0513%/8h= +56.2% APRpaid last 24h +0.053%

Price spread now: Injective against Aster+9.826%47s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Injective is 9.826% dearer against Aster than usual: you sell high and buy low: +$983 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CLUSD1	92.270	−0.0293	get 0.0147% / 4h	2m 36s	$23.9M	$77.5M	20x
Short	Injective WTI/USDC PERP	101.34	0.0220	get 0.0028% / 1h	2m 36s	$19K	$11K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +9.826%Rate

Funding earned: $107.78
Price spread: +9.826% → 0.000%: $982.55
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,082.31
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: live order book, 2 min ago; Injective: 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	4.8 bp −$5	6.0 bp −$60	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Kraken Futures PF_WTIOILUSD	−0.0449%	1h	92.262	−0.008%	$273K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0322%	4h	92.225	−0.049%	$58K	$702K	25x	as long as short
Aster CLUSD1long	−0.0293%	4h	92.270	long leg	$23.9M	$77.5M	20x
Binance CLUSDT	−0.0216%	4h	92.250	−0.022%	$244.5M	$1.09B	100x	as long as short
Variational Omni CL	−0.0196%	4h	92.223	−0.051%	$13.2M	$12.7M	—	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0183%	1h	92.260	−0.011%	$96K	$189K	15x	as long as short
Nado WTI-PERP	−0.0130%	1h	92.317	+0.051%	$925K	$734K	10x	as long as short
Lighter WTI	−0.0064%	1h	92.246	−0.026%	$11.2M	$10.9M	20x	as long as short
QFEX CL-USD	−0.0054%	1h	92.240	−0.033%	$2.4M	$2.3M	10x	as long as short
Ondo Perps WTI-USD.P	−0.0048%	1h	92.220	−0.054%	$3.5M	$6.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0034%	8h	92.190	−0.087%	$21.3M	$58.1M	100x	as long as short
Paradex CL-USD-PERP	−0.0033%	8h	92.241	−0.031%	$15K	$367	5x	as long as short
tradeXYZ xyz:CL	−0.0033%	1h	92.285	+0.016%	$186.2M	$267.2M	20x	as long as short
Pacifica CL	−0.0020%	1h	92.250	−0.021%	$333K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.269	−0.001%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.240	−0.033%	$26.1M	$94.5M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.240	−0.033%	$43.0M	$111.9M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.374	+0.112%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.233	−0.040%	$42.0M	$51.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.290	+0.022%	$37K	$101K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.245	−0.027%	$19K	$241K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.260%	$399K	$963K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.818	−0.490%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	92.310	+0.043%	$2.0M	$26.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.230	−0.043%	$721K	$3.1M	40x	as long as short
edgeX CLUSDC	+0.0042%	4h	92.272	+0.003%	$531K	$325K	30x	as long as short
Vest CL-PERP	+0.0046%	1h	92.290	+0.022%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.252	−0.020%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.242	−0.030%	$2.0M	$39K	20x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.254	−0.017%	$7.3M	$2.2M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.220	−0.054%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.214	−0.061%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.245	−0.027%	$77K	—	111x	as long as short
Injective WTI/USDC PERPshort	+0.0220%	1h	101.34	+9.826%	$19K	$11K	30x
BloFin CL-USDT	+0.0240%	4h	92.230	−0.043%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0480%	1h	92.256	−0.015%	$2K	$29K	5x	as long as short