Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0212%/8h= +23.2% APRpaid last 24h +0.019%

Price spread now: QFEX against Aster+0.048%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$240.243% of the position

Long on Aster Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.012%−$1 on $10k

Price spread, last 7 days−0.058%−$6 · spread now +0.048%, 7d avg −0.035%

Together, before fees−0.071%+ Points / potential airdropAster: Stage 5 · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and QFEX is 0.084% dearer against Aster than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.035%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.012% in total (about -1.3% 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	92.745	−0.0244	get 0.0122% / 4h	1h 38m	$23.9M	$69.1M	20x
Short	QFEX CL-USD	92.790	−0.0032	pay 0.0004% / 1h	38m 50s	$2.5M	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.048%Rate

Funding earned: $44.43
Price spread: +0.048% → −0.035%: $8.35
Slippage, 4 orders: −$6.29
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: $28.5
Costs to cover: 0.243%
Break-even: 2.5 days

Slippage from Aster: live order book, 5 min ago; QFEX: 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	5.7 bp −$6	6.7 bp −$67	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.62 bp	6.6 bp −$7	6.6 bp −$66	8.1 bp −$813	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0720%	1h	92.710	−0.038%	$198K	$369K	15x	as long as short
Aster CLUSD1long	−0.0244%	4h	92.745	long leg	$23.9M	$69.1M	20x
GRVT CL_USDT_Perp	−0.0220%	4h	92.820	+0.081%	$61K	$633K	25x	as long as short
Binance CLUSDT	−0.0209%	4h	92.743	−0.003%	$244.1M	$956.4M	100x	as long as short
Variational Omni CL	−0.0203%	4h	92.777	+0.034%	$13.6M	$11.1M	—	as long as short
Ondo Perps WTI-USD.P	−0.0160%	1h	92.730	−0.016%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0141%	1h	92.871	+0.136%	$961K	$668K	10x	as long as short
Gate CL_USDT	−0.0096%	8h	92.670	−0.081%	$20.9M	$52.4M	100x	as long as short
tradeXYZ xyz:CL	−0.0068%	1h	92.732	−0.014%	$184.4M	$218.0M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	+0.005%	$402K	$944K	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-USDshort	−0.0032%	1h	92.790	+0.048%	$2.5M	$1.7M	10x
OKX CL-USDT-SWAP	−0.0031%	4h	92.710	−0.038%	$42.8M	$101.9M	50x	as long as short
Aftermath Perps WTIUSD	−0.0026%	1h	92.843	+0.105%	$2K	$27K	5x	as long as short
edgeX CLUSDC	−0.0011%	4h	92.800	+0.059%	$528K	$301K	30x	as long as short
Lighter WTI	0.0000%	1h	92.756	+0.012%	$11.2M	$10.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.838	+0.100%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.760	+0.016%	$26.7M	$81.1M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.724	−0.023%	$41.8M	$43.3M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.820	+0.081%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.735	−0.010%	$18K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.306	−0.474%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	92.770	+0.027%	$2.1M	$23.0M	10x	as long as short
Paradex CL-USD-PERP	+0.0025%	8h	92.792	+0.051%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.480	−0.286%	$727K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.790	+0.048%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.796	+0.055%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.744	−0.001%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTM	+0.0054%	4h	92.798	+0.057%	$7.3M	$2.3M	50x	as long as short
RISEx CL/USDC	+0.0066%	1h	92.906	+0.174%	$3.3M	$2.7M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.800	+0.059%	$331K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.800	+0.059%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.719	−0.029%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.757	+0.013%	$273K	$872K	25x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.735	−0.011%	$78K	—	111x	as long as short
BloFin CL-USDT	+0.0209%	4h	92.790	+0.048%	$4.0M	$1.1M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.95	+9.929%	$19K	$11K	30x	as long as short