Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0260%/8h= +28.4% APRpaid last 24h +0.043%

Price spread now: RISEx against Aster+0.076%7-day average +0.029% · 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−$12as in the Price arb table

costs, in and out, $10k−$160.164% of the position

Long on Aster Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.147%+$15 on $10k

Price spread, last 7 days−0.030%−$3 · spread now +0.076%, 7d avg +0.029%

Together, before fees+0.117%+ Points / potential airdropAster: Stage 5 · farm board+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and RISEx is 0.047% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CLUSD1	93.080	−0.0260	get 0.0130% / 4h	22m 47s	$24.0M	$66.9M	20x
Short	RISEx CL/USDC	93.151	0	get 0.0000% / 1h	22m 47s	$3.1M	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.076%Rate

Funding earned: $54.54
Price spread: +0.076% → +0.029%: $4.71
Slippage, 4 orders: −$2.36
Fee Aster: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: $42.88
Costs to cover: 0.164%
Break-even: 1.5 days

Slippage from Aster: live order book, 1 min ago; RISEx: live order book, 1 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, 1 min ago	0.54 bp	4.5 bp −$5	6.6 bp −$66	doesn't fit	doesn't fit
Sell RISEx live order book, 1 min ago	0.64 bp	3.6 bp −$4	5.6 bp −$56	doesn't fit	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	−0.0287%	1h	93.060	−0.021%	$199K	$370K	15x	as long as short
Aster CLUSD1long	−0.0260%	4h	93.080	long leg	$24.0M	$66.9M	20x
GRVT CL_USDT_Perp	−0.0244%	4h	93.060	−0.021%	$64K	$648K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0196%	1h	93.107	+0.029%	$274K	$872K	25x	as long as short
Binance CLUSDT	−0.0188%	4h	93.070	−0.011%	$244.9M	$947.9M	100x	as long as short
Variational Omni CL	−0.0182%	4h	93.038	−0.045%	$13.5M	$10.9M	—	as long as short
Bitget CLUSDT	−0.0110%	4h	93.058	−0.024%	$41.9M	$43.7M	100x	as long as short
tradeXYZ xyz:CL	−0.0108%	1h	93.046	−0.037%	$184.6M	$214.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0101%	1h	93.094	+0.015%	$2K	$27K	5x	as long as short
edgeX CLUSDC	−0.0099%	4h	93.059	−0.022%	$530K	$300K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps WTI-USD.P	−0.0098%	1h	93.030	−0.054%	$3.5M	$5.4M	20x	as long as short
OKX CL-USDT-SWAP	−0.0062%	4h	93.080	0.000%	$42.6M	$102.7M	50x	as long as short
Gate CL_USDT	−0.0049%	8h	93.020	−0.064%	$20.8M	$51.9M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.355%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0043%	1h	93.090	+0.011%	$2.4M	$1.7M	10x	as long as short
Nado WTI-PERP	−0.0032%	1h	93.129	+0.053%	$963K	$650K	10x	as long as short
KuCoin CLUSDTM	−0.0020%	4h	93.075	−0.005%	$7.1M	$2.4M	50x	as long as short
Lighter WTI	0.0000%	1h	93.046	−0.037%	$11.2M	$10.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.113	+0.036%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.070	−0.011%	$26.7M	$80.4M	150x	as long as short
RISEx CL/USDCshort	0.0000%	1h	93.151	+0.076%	$3.1M	$2.9M	20x
Phoenix WTIOIL	0.0000%	1h	93.120	+0.043%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.083	+0.003%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.638	−0.475%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0013%	8h	93.063	−0.018%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0016%	1h	93.110	+0.032%	$2.0M	$20.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.110	+0.032%	$735K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.100	+0.021%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.086	+0.006%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.080	0.000%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	93.086	+0.006%	$330K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.060	−0.021%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.055	−0.026%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0177%	4h	93.100	+0.021%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0215% / S −0.0142%	1h	93.085	+0.005%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.19	+9.783%	$19K	$11K	30x	as long as short