Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0365%/8h= +39.9% APRpaid last 24h +0.040%

Price spread now: Pacifica against Aster−0.010%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$200.198% of the position

Long on Aster Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.090%+$9 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.010%, 7d avg −0.027%

Together, before fees+0.066%+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm board+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: +$11 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 0.090% in total (about 4.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CLUSD1	92.880	−0.0265	get 0.0132% / 4h	2h 07m	$24.0M	$71.8M	20x
Short	Pacifica CL	92.870	0.0100	get 0.0013% / 1h	7m 12s	$332K	$618K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.010%Rate

Funding earned: $76.6
Price spread: −0.010% → −0.027%: $1.71
Slippage, 4 orders: −$3.84
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $58.47
Costs to cover: 0.198%
Break-even: 1.7 days

Slippage from Aster: live order book, 2 min ago; Pacifica: live order book, 62 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, 2 min ago	0.54 bp	5.4 bp −$5	5.8 bp −$58	doesn't fit	doesn't fit
Sell Pacifica live order book, 62 min ago	0.05 bp	5.6 bp −$6	doesn't fit	doesn't fit	doesn't fit

CL on 35 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	−0.0504%	1h	92.810	−0.075%	$198K	$365K	15x	as long as short
Aster CLUSD1long	−0.0265%	4h	92.880	long leg	$24.0M	$71.8M	20x
GRVT CL_USDT_Perp	−0.0228%	4h	92.868	−0.013%	$53K	$631K	25x	as long as short
Binance CLUSDT	−0.0228%	4h	92.842	−0.041%	$244.5M	$968.4M	100x	as long as short
Variational Omni CL	−0.0225%	4h	92.769	−0.120%	$13.4M	$11.1M	—	as long as short
Gate CL_USDT	−0.0100%	8h	92.790	−0.097%	$20.9M	$54.1M	100x	as long as short
Nado WTI-PERP	−0.0072%	1h	92.913	+0.036%	$964K	$673K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.140%	$402K	$946K	15x	as long as short
tradeXYZ xyz:CL	−0.0043%	1h	92.833	−0.051%	$184.5M	$219.3M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.879	−0.001%	$273K	$883K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0033%	1h	92.850	−0.032%	$2.5M	$1.7M	10x	as long as short
Ondo Perps WTI-USD.P	−0.0020%	1h	92.790	−0.097%	$3.5M	$5.6M	20x	as long as short
OKX CL-USDT-SWAP	−0.0009%	4h	92.830	−0.054%	$42.9M	$103.2M	50x	as long as short
edgeX CLUSDC	−0.0006%	4h	92.827	−0.057%	$529K	$302K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	92.829	−0.055%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.852	−0.030%	$26.9M	$81.9M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.837	−0.046%	$41.9M	$43.6M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.910	+0.032%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.852	−0.030%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.398	−0.519%	$5K	—	150x	as long as short
Aftermath Perps WTIUSD	0.0000%	1h	92.856	−0.026%	$2K	$28K	5x	as long as short
Lighter WTI	+0.0032%	1h	92.847	−0.036%	$11.2M	$10.5M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.870	−0.011%	$2.1M	$23.9M	10x	as long as short
Paradex CL-USD-PERP	+0.0033%	8h	92.844	−0.039%	$16K	$367	5x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.968	+0.095%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.390	−0.528%	$726K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.880	0.000%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.868	−0.013%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.835	−0.048%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTM	+0.0084%	4h	92.853	−0.029%	$7.2M	$2.3M	50x	as long as short
Pacifica CLshort	+0.0100%	1h	92.870	−0.010%	$332K	$618K	10x
ApeX Omni CLUSDT	+0.0100%	1h	92.900	+0.022%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.819	−0.066%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.835	−0.048%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.04	+9.858%	$19K	$11K	30x	as long as short