Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.029%

Price spread now: Ondo Perps against Aster−0.011%7-day average −0.080% · you buy dearer than you sell

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

Long on Aster Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.163%+$16 on $10k

Price spread, last 7 days+0.099%+$10 · spread now −0.011%, 7d avg −0.080%

Together, before fees+0.262%+ Points / potential airdropAster: Stage 5 · Ondo Perps: Active · farm board+$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Ondo Perps is 0.070% dearer against Aster than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CLUSD1	93.110	−0.0244	get 0.0122% / 4h	3h 58m	$24.7M	$61.8M	20x
Short	Ondo Perps WTI-USD.P	93.100	−0.0112	pay 0.0014% / 1h	58m 07s	$3.6M	$5.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.011%Rate

Funding earned: $27.82
Price spread: −0.011% → −0.080%: $6.96
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $21.78
Costs to cover: 0.130%
Break-even: 1.5 days

Slippage unknown: Aster: live order book, 6 min ago; Ondo Perps: 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, 6 min ago	0.54 bp	4.5 bp −$5	5.3 bp −$53	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0716%	1h	93.040	−0.075%	$188K	$406K	15x	as long as short
Gate CL_USDT	−0.0681%	8h	93.010	−0.107%	$23.3M	$48.4M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0313%	1h	93.097	−0.014%	$272K	$930K	25x	as long as short
Aster CLUSD1long	−0.0244%	4h	93.110	long leg	$24.7M	$61.8M	20x
GRVT CL_USDT_Perp	−0.0208%	4h	93.081	−0.031%	$74K	$634K	25x	as long as short
Binance CLUSDT	−0.0134%	4h	93.070	−0.043%	$246.3M	$928.1M	100x	as long as short
Variational Omni CL	−0.0122%	4h	93.132	+0.024%	$13.6M	$10.8M	—	as long as short
Bybit CLUSDT	−0.0114%	8h	93.090	−0.021%	$27.0M	$80.1M	150x	as long as short
Ondo Perps WTI-USD.Pshort	−0.0112%	1h	93.100	−0.011%	$3.6M	$5.3M	20x
Nado WTI-PERP	−0.0110%	1h	93.140	+0.032%	$953K	$613K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0093%	1h	93.106	−0.004%	$184.3M	$197.0M	20x	as long as short
Bitget CLUSDT	−0.0092%	4h	93.074	−0.039%	$42.1M	$41.5M	100x	as long as short
Aftermath Perps WTIUSD	−0.0082%	1h	93.133	+0.025%	$2K	$26K	5x	as long as short
OKX CL-USDT-SWAP	−0.0063%	4h	93.080	−0.032%	$42.6M	$103.3M	50x	as long as short
QFEX CL-USD	−0.0026%	1h	93.150	+0.043%	$2.3M	$2.4M	10x	as long as short
edgeX CLUSDC	−0.0005%	4h	93.099	−0.012%	$534K	$333K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.243	+0.143%	$8K	$3K	5x	as long as short
RISEx CL/USDC	0.0000%	1h	93.169	+0.063%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.170	+0.064%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.075	−0.038%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.657	−0.487%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0013%	8h	93.134	+0.026%	$16K	$367	5x	as long as short
Lighter WTI	+0.0016%	1h	93.075	−0.038%	$11.3M	$8.6M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	93.160	+0.054%	$404K	$808K	15x	as long as short
Extended WTI-USD	+0.0032%	1h	93.120	+0.011%	$1.7M	$14.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.260	+0.161%	$735K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.140	+0.032%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.097	−0.014%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.080	−0.032%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.162	+0.056%	$347K	$587K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.097	−0.014%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.080	−0.032%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.064	−0.049%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0176%	4h	93.210	+0.107%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.692%	$19K	$5K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0260% / S −0.0179%	1h	93.075	−0.038%	$90K	—	111x	as long as short