Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0271%/8h= +29.7% APRpaid last 24h +0.041%

Price spread now: Paradex against Aster−0.042%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Paradex

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 · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.042% cheaper against Aster than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 12 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CLUSD1	93.350	−0.0287	get 0.0144% / 4h	3h 00m	$24.3M	$66.0M	20x
Short	Paradex CL-USD-PERP	93.311	−0.0016	pay 0.0016% / 8h	3h 00m	$16K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.042%Rate

Funding earned: $56.94
Price spread: −0.042% → 0.000%: −$4.16
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: $40.78
Costs to cover: 0.120%
Break-even: 2.0 days

Slippage unknown: Aster: live order book, 4 min ago; Paradex: 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, 4 min ago	0.54 bp	4.9 bp −$5	6.5 bp −$65	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.0607%	1h	93.290	−0.064%	$198K	$371K	15x	as long as short
GRVT CL_USDT_Perp	−0.0332%	4h	93.330	−0.021%	$58K	$654K	25x	as long as short
Aster CLUSD1long	−0.0287%	4h	93.350	long leg	$24.3M	$66.0M	20x
Binance CLUSDT	−0.0190%	4h	93.317	−0.036%	$246.4M	$938.9M	100x	as long as short
Variational Omni CL	−0.0176%	4h	93.299	−0.055%	$13.3M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0142%	1h	93.346	−0.004%	$2K	$26K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0130%	1h	93.250	−0.107%	$3.5M	$5.3M	20x	as long as short
Bitget CLUSDT	−0.0130%	4h	93.317	−0.035%	$42.0M	$43.2M	100x	as long as short
Nado WTI-PERP	−0.0104%	1h	93.380	+0.032%	$967K	$625K	10x	as long as short
edgeX CLUSDC	−0.0097%	4h	93.350	0.000%	$525K	$306K	30x	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	−0.0072%	8h	93.270	−0.086%	$21.5M	$51.6M	100x	as long as short
OKX CL-USDT-SWAP	−0.0064%	4h	93.320	−0.032%	$42.7M	$103.1M	50x	as long as short
tradeXYZ xyz:CL	−0.0063%	1h	93.339	−0.012%	$184.7M	$217.2M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.345	−0.005%	$282K	$961K	25x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.204%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.320	−0.032%	$2.3M	$2.0M	10x	as long as short
Paradex CL-USD-PERPshort	−0.0016%	8h	93.311	−0.042%	$16K	$367	5x
Phoenix WTIOIL	−0.0009%	1h	93.360	+0.011%	$37K	$41K	20x	as long as short
Lighter WTI	0.0000%	1h	93.322	−0.030%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	−0.022%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.333	−0.018%	$26.9M	$80.0M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.381	+0.033%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.337	−0.014%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.884	−0.499%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0016%	1h	93.365	+0.016%	$2.0M	$18.2M	10x	as long as short
KuCoin CLUSDTM	+0.0026%	4h	93.343	−0.007%	$7.1M	$2.4M	50x	as long as short
StandX CL-USD	+0.0040%	1h	93.310	−0.043%	$738K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.330	−0.021%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.323	−0.029%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.326	−0.026%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.325	−0.027%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.400	+0.054%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.291	−0.063%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0175%	4h	93.320	−0.032%	$4.0M	$987K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.37	+9.664%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0225% / S −0.0153%	1h	93.325	−0.027%	$81K	—	111x	as long as short