Settings8H · net · $10k
Funding arb · Price arb /

CL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0206%/8h= +22.6% APRnext payment +$1.03 per $10,000 · paid last 24h +0.026%
Price spread now: OKX against Aster−0.011%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$220.221% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.026%−$3 on $10k
Price spread, last 7 days+0.029%+$3 · spread now −0.011%, 7d avg −0.009%
Together, before fees+0.004%+ Points / potential airdropAster: Stage 5 · farm board$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.026% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.03 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster CLUSD192.750−0.0249get 0.0125% / 4h1h 34m$23.9M$68.8M20x
ShortOKX CL-USDT-SWAP92.740−0.0043pay 0.0022% / 4h1h 34m$42.7M$102.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
$43.29
Price spread: −0.011% → −0.009%
−$0.2
Slippage, 4 orders
−$4.13
Fee Aster: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
$20.97
Costs to cover
0.221%
Break-even
3.6 days
Slippage from Aster: live order book, 5 min ago; OKX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 5 min ago0.54 bp6.5 bp −$77.6 bp −$7684.9 bp −$8,488doesn't fit
Sell OKX live order book, 5 min ago0.54 bp5.5 bp −$66.2 bp −$6212.5 bp −$1,255102.6 bp −$51.3K

CL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit WTIOIL_USDC-PERPETUAL−0.0612%1h92.730−0.022%$198K$369K15xas long as short
Aster CLUSD1long−0.0249%4h92.750long leg$23.9M$68.8M20x
GRVT CL_USDT_Perp−0.0230%4h92.720−0.032%$61K$633K25xas long as short
Binance CLUSDT−0.0210%4h92.760+0.011%$244.6M$955.8M100xas long as short
Variational Omni CL−0.0204%4h92.697−0.057%$13.5M$11.1Mas long as short
Ondo Perps WTI-USD.P−0.0171%1h92.690−0.065%$3.5M$5.6M20xas long as short
Nado WTI-PERP−0.0148%1h92.817+0.072%$960K$664K10xas long as short
Gate CL_USDT−0.0091%8h92.700−0.054%$20.9M$52.5M100xas long as short
tradeXYZ xyz:CL−0.0071%1h92.771+0.023%$184.4M$218.2M20xas long as short
edgeX CLUSDC−0.0056%4h92.7500.000%$528K$302K30xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX CL-USDT-SWAPshort−0.0043%4h92.740−0.011%$42.7M$102.0M50x
Coinbase International WTIOIL-PERP-INTX−0.0040%1h92.7500.000%$402K$944K15xas long as short
Aftermath Perps WTIUSD−0.0037%1h92.760+0.011%$2K$27K5xas long as short
QFEX CL-USD−0.0032%1h92.770+0.022%$2.5M$1.7M10xas long as short
Extended WTI-USD−0.0008%1h92.800+0.054%$2.1M$22.9M10xas long as short
Lighter WTI0.0000%1h92.760+0.011%$11.2M$10.4M20xas long as short
dYdX WTI-USD0.0000%1h92.761+0.012%$8K$3K5xas long as short
Bybit CLUSDT0.0000%8h92.756+0.006%$26.4M$81.3M150xas long as short
Bitget CLUSDT0.0000%4h92.758+0.009%$41.9M$43.3M100xas long as short
Phoenix WTIOIL0.0000%1h92.790+0.043%$37K$42K20xas long as short
Bullet WTIOIL-USD0.0000%1h92.756+0.007%$18K$242K10xas long as short
gTrade (Gains Network) WTI/USDL 0.0000% / S +0.0036%1h92.325−0.458%$5K150xas long as short
Paradex CL-USD-PERP+0.0019%8h92.738−0.013%$16K$3675xas long as short
StandX CL-USD+0.0040%1h92.490−0.280%$727K$2.9M40xas long as short
Vest CL-PERP+0.0046%1h92.780+0.032%$310K10xas long as short
KuCoin CLUSDTM+0.0048%4h92.764+0.015%$7.3M$2.3M50xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h92.756+0.006%$1.6M$1.3M20xas long as short
SoDEX CL-USD+0.0050%1h92.757+0.008%$2.1M$61K20xas long as short
RISEx CL/USDC+0.0066%1h92.861+0.120%$3.3M$2.7M20xas long as short
Pacifica CL+0.0100%1h92.745−0.006%$331K$618K10xas long as short
ApeX Omni CLUSDT+0.0100%1h92.670−0.086%$56K$265K50xas long as short
Aevo WTIOIL-PERP+0.0104%1h92.719−0.033%$4K10xas long as short
Kraken Futures PF_WTIOILUSD+0.0105%1h92.767+0.019%$273K$872K25xas long as short
BloFin CL-USDT+0.0204%4h92.740−0.011%$4.0M$1.1M50xas long as short
GMX WTIOIL/USD [ETH-USDC]L +0.0207% / S −0.0131%1h92.755+0.005%$78K111xas long as short
Injective WTI/USDC PERP+0.0220%1h101.95+9.923%$19K$11K30xas long as short