Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0284%/8h= +31.1% APRpaid last 24h +0.048%

Price spread now: StandX against Aster+0.032%7-day average −0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

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

costs, in and out, $10k−$250.246% of the position

Long on Aster Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.142%+$14 on $10k

Price spread, last 7 days−0.034%−$3 · spread now +0.032%, 7d avg −0.050%

Together, before fees+0.108%+ Points / potential airdropAster: Stage 5 · StandX: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and StandX is 0.082% dearer against Aster than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.050%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.142% in total (about 7.4% 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	93.120	−0.0244	get 0.0122% / 4h	3h 57m	$24.7M	$61.6M	20x
Short	StandX CL-USD	93.150	0.0040	get 0.0005% / 1h	57m 30s	$735K	$2.8M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $59.72
Price spread: +0.032% → −0.050%: $8.22
Slippage, 4 orders: −$8.59
Fee Aster: 4 bp × 2 orders: −$8
Fee StandX: 4 bp × 2 orders: −$8
Net: $43.35
Costs to cover: 0.246%
Break-even: 1.9 days

Slippage from Aster: live order book, 2 min ago; StandX: 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, 2 min ago	0.54 bp	4.5 bp −$5	5.4 bp −$54	doesn't fit	doesn't fit
Sell StandX live order book, 1 min ago	3.76 bp	7.8 bp −$8	9.2 bp −$92	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	−0.0716%	1h	93.040	−0.086%	$188K	$406K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0313%	1h	93.097	−0.025%	$272K	$930K	25x	as long as short
Aster CLUSD1long	−0.0244%	4h	93.120	long leg	$24.7M	$61.6M	20x
Gate CL_USDT	−0.0185%	8h	93.000	−0.129%	$23.3M	$48.4M	100x	as long as short
GRVT CL_USDT_Perp	−0.0150%	4h	93.182	+0.067%	$75K	$614K	25x	as long as short
Binance CLUSDT	−0.0135%	4h	93.081	−0.041%	$246.3M	$928.3M	100x	as long as short
Variational Omni CL	−0.0122%	4h	93.132	+0.014%	$13.6M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0115%	1h	93.132	+0.013%	$953K	$613K	10x	as long as short
Bitget CLUSDT	−0.0094%	4h	93.080	−0.043%	$42.1M	$41.6M	100x	as long as short
tradeXYZ xyz:CL	−0.0089%	1h	93.084	−0.038%	$184.2M	$197.0M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSD	−0.0081%	1h	93.141	+0.023%	$2K	$26K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0068%	1h	93.030	−0.096%	$3.6M	$5.3M	20x	as long as short
OKX CL-USDT-SWAP	−0.0064%	4h	93.070	−0.053%	$42.5M	$103.3M	50x	as long as short
QFEX CL-USD	−0.0026%	1h	93.070	−0.053%	$2.3M	$2.4M	10x	as long as short
edgeX CLUSDC	−0.0002%	4h	93.197	+0.083%	$534K	$332K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.128	+0.009%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.090	−0.032%	$27.0M	$80.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.121	+0.001%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.120	0.000%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.075	−0.048%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.641	−0.514%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0012%	8h	93.039	−0.087%	$16K	$367	5x	as long as short
Lighter WTI	+0.0016%	1h	93.066	−0.058%	$11.3M	$8.6M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	93.160	+0.043%	$404K	$808K	15x	as long as short
Extended WTI-USD	+0.0032%	1h	93.110	−0.010%	$1.7M	$14.8M	10x	as long as short
StandX CL-USDshort	+0.0040%	1h	93.150	+0.032%	$735K	$2.8M	40x
Vest CL-PERP	+0.0046%	1h	93.090	−0.032%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.088	−0.034%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.080	−0.043%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.074	−0.049%	$347K	$587K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.098	−0.023%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.260	+0.151%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.064	−0.060%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0176%	4h	93.210	+0.097%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.680%	$19K	$5K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0260% / S −0.0179%	1h	93.075	−0.048%	$90K	—	111x	as long as short