Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0217%/8h= +23.8% APRpaid last 24h +0.004%

Price spread now: Kraken Futures against Aster−0.010%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$290.289% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.317%−$32 on $10k

Price spread, last 3 days (all we have)+0.015%+$1 · spread now −0.010%, 7d avg −0.001%

Together, before fees−0.302%+ Points / potential airdropAster: Stage 5 · farm board−$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.317%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CLUSD1	92.718	−0.0337	get 0.0168% / 4h	3h 05m	$24.0M	$75.1M	20x
Short	Kraken Futures PF_WTIOILUSD	92.709	−0.0120	pay 0.0015% / 1h	5m 41s	$275K	$912K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.010%Rate

Funding earned: $45.6
Price spread: −0.010% → −0.001%: −$0.91
Slippage, 4 orders: −$10.86
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $15.83
Costs to cover: 0.289%
Break-even: 4.6 days

Slippage from Aster: live order book, 3 min ago; Kraken Futures: live order book, 8 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, 3 min ago	0.54 bp	4.5 bp −$5	6.3 bp −$63	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 8 min ago	2.86 bp	9.5 bp −$10	20.2 bp −$202	doesn't fit	doesn't fit

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	−0.0397%	1h	92.670	−0.052%	$123K	$275K	15x	as long as short
GRVT CL_USDT_Perp	−0.0352%	4h	92.655	−0.069%	$58K	$630K	25x	as long as short
Aster CLUSD1long	−0.0337%	4h	92.718	long leg	$24.0M	$75.1M	20x
Binance CLUSDT	−0.0284%	4h	92.700	−0.020%	$244.6M	$1.02B	100x	as long as short
Variational Omni CL	−0.0273%	4h	92.658	−0.065%	$13.3M	$11.5M	—	as long as short
Gate CL_USDT	−0.0195%	8h	92.620	−0.106%	$21.3M	$55.6M	100x	as long as short
Kraken Futures PF_WTIOILUSDshort	−0.0120%	1h	92.709	−0.010%	$275K	$912K	25x
Ondo Perps WTI-USD.P	−0.0054%	1h	92.670	−0.052%	$3.5M	$5.9M	20x	as long as short
Nado WTI-PERP	−0.0050%	1h	92.740	+0.023%	$935K	$705K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.742%	$399K	$956K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.670	−0.052%	$2.4M	$1.7M	10x	as long as short
tradeXYZ xyz:CL	−0.0031%	1h	92.715	−0.004%	$186.0M	$233.5M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.742	+0.025%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.710	−0.009%	$26.5M	$88.4M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.680	−0.041%	$43.0M	$108.4M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.812	+0.101%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.686	−0.035%	$42.2M	$48.0M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.650	−0.074%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.688	−0.033%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.243	−0.513%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0009%	8h	92.687	−0.034%	$15K	$367	5x	as long as short
Extended WTI-USD	+0.0016%	1h	92.730	+0.013%	$2.3M	$25.7M	10x	as long as short
Lighter WTI	+0.0024%	1h	92.699	−0.021%	$11.2M	$10.3M	20x	as long as short
edgeX CLUSDC	+0.0030%	4h	92.671	−0.051%	$533K	$299K	30x	as long as short
StandX CL-USD	+0.0040%	1h	92.340	−0.408%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.700	−0.020%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.691	−0.029%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.677	−0.044%	$2.0M	$38K	20x	as long as short
KuCoin CLUSDTM	+0.0078%	4h	92.708	−0.011%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.700	−0.020%	$354K	$605K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.670	−0.052%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.646	−0.078%	$4K	—	10x	as long as short
Aftermath Perps WTIUSD	+0.0137%	1h	92.667	−0.055%	$2K	$28K	5x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.675	−0.047%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.69	+9.676%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.610	−0.117%	$4.0M	$1.2M	50x	as long as short