Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0384%/8h= +42.1% APRpaid last 24h +0.041%

Price spread now: Polymarket Perps against Aster−0.019%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$220.219% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.212%+$21 on $10k

Price spread, last 7 days+0.003%$0 · spread now −0.019%, 7d avg −0.043%

Together, before fees+0.215%+ Points / potential airdropAster: Stage 5 · farm board+$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Polymarket Perps is 0.024% dearer against Aster than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.043%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.212% in total (about 11.0% 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	92.694	−0.0334	get 0.0167% / 4h	3h 14m	$24.1M	$75.6M	20x
Short	Polymarket Perps WTIOIL-USD	92.677	0.0050	get 0.0006% / 1h	14m 04s	$1.6M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now −0.019%Rate

Funding earned: $80.69
Price spread: −0.019% → −0.043%: $2.45
Slippage, 4 orders: −$5.85
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $61.29
Costs to cover: 0.219%
Break-even: 1.7 days

Slippage from Aster: live order book, 5 min ago; Polymarket Perps: live order book, 4 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, 5 min ago	0.54 bp	4.5 bp −$5	5.0 bp −$50	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	1.73 bp	5.7 bp −$6	7.5 bp −$75	11.3 bp −$1,126	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
GRVT CL_USDT_Perp	−0.0364%	4h	92.590	−0.112%	$58K	$693K	25x	as long as short
Aster CLUSD1long	−0.0334%	4h	92.694	long leg	$24.1M	$75.6M	20x
Deribit WTIOIL_USDC-PERPETUAL	−0.0289%	1h	92.670	−0.026%	$123K	$275K	15x	as long as short
Binance CLUSDT	−0.0280%	4h	92.680	−0.015%	$245.0M	$1.03B	100x	as long as short
Variational Omni CL	−0.0271%	4h	92.631	−0.069%	$13.3M	$11.4M	—	as long as short
Gate CL_USDT	−0.0208%	8h	92.610	−0.091%	$21.3M	$55.4M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.707	+0.014%	$275K	$915K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0054%	1h	92.630	−0.069%	$3.6M	$5.9M	20x	as long as short
Nado WTI-PERP	−0.0054%	1h	92.714	+0.021%	$934K	$708K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.717%	$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	92.650	−0.048%	$2.4M	$1.7M	10x	as long as short
tradeXYZ xyz:CL	−0.0031%	1h	92.679	−0.016%	$185.9M	$237.1M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.666	−0.031%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.700	+0.006%	$26.6M	$89.5M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.660	−0.037%	$43.0M	$108.4M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.799	+0.113%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.674	−0.022%	$42.2M	$48.6M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.690	−0.005%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.671	−0.025%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.216	−0.516%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0003%	8h	92.657	−0.040%	$15K	$367	5x	as long as short
Extended WTI-USD	+0.0016%	1h	92.690	−0.005%	$2.3M	$26.0M	10x	as long as short
Lighter WTI	+0.0024%	1h	92.683	−0.012%	$11.2M	$10.2M	20x	as long as short
edgeX CLUSDC	+0.0029%	4h	92.605	−0.097%	$532K	$300K	30x	as long as short
StandX CL-USD	+0.0040%	1h	92.390	−0.328%	$723K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.690	−0.005%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USDshort	+0.0050%	1h	92.677	−0.019%	$1.6M	$1.4M	20x
SoDEX CL-USD	+0.0050%	1h	92.680	−0.015%	$2.0M	$38K	20x	as long as short
KuCoin CLUSDTM	+0.0086%	4h	92.690	−0.005%	$7.2M	$2.4M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.675	−0.021%	$357K	$602K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.620	−0.080%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.640	−0.058%	$4K	—	10x	as long as short
Aftermath Perps WTIUSD	+0.0174%	1h	92.647	−0.051%	$2K	$28K	5x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.675	−0.021%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.69	+9.705%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.650	−0.048%	$4.0M	$1.2M	50x	as long as short