Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0183%/8h= +20.0% APRpaid last 24h +0.013%

Price spread now: tradeXYZ against Aster−0.006%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 7 days+0.001%$0 · spread now −0.006%, 7d avg −0.031%

Together, before fees+0.029%+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and tradeXYZ is 0.025% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.031%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.029% in total (about 1.5% 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	92.826	−0.0250	get 0.0125% / 4h	1h 30m	$23.9M	$68.5M	20x
Short	tradeXYZ xyz:CL	92.821	−0.0067	pay 0.0008% / 1h	30m 10s	$184.5M	$218.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.006%Rate

Funding earned: $38.36
Price spread: −0.006% → −0.031%: $2.52
Slippage, 4 orders: −$3.9
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $10.98
Costs to cover: 0.299%
Break-even: 5.0 days

Slippage from Aster: live order book, 4 min ago; tradeXYZ: live order book, 9 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, 4 min ago	0.54 bp	6.4 bp −$6	7.6 bp −$76	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	0.32 bp	9.3 bp −$9	9.3 bp −$93	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	−0.0719%	1h	92.770	−0.061%	$198K	$369K	15x	as long as short
Aster CLUSD1long	−0.0250%	4h	92.826	long leg	$23.9M	$68.5M	20x
GRVT CL_USDT_Perp	−0.0234%	4h	92.817	−0.010%	$61K	$625K	25x	as long as short
Binance CLUSDT	−0.0209%	4h	92.820	−0.007%	$244.8M	$954.8M	100x	as long as short
Variational Omni CL	−0.0203%	4h	92.796	−0.033%	$13.5M	$11.1M	—	as long as short
Ondo Perps WTI-USD.P	−0.0169%	1h	92.790	−0.039%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0152%	1h	92.878	+0.055%	$961K	$664K	10x	as long as short
Gate CL_USDT	−0.0089%	8h	92.770	−0.061%	$20.9M	$52.5M	100x	as long as short
edgeX CLUSDC	−0.0071%	4h	92.795	−0.034%	$528K	$303K	30x	as long as short
tradeXYZ xyz:CLshort	−0.0067%	1h	92.821	−0.006%	$184.5M	$218.3M	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0050%	4h	92.810	−0.018%	$42.8M	$102.0M	50x	as long as short
Aftermath Perps WTIUSD	−0.0042%	1h	92.818	−0.010%	$2K	$27K	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.082%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.820	−0.007%	$2.5M	$1.7M	10x	as long as short
Extended WTI-USD	−0.0016%	1h	92.870	+0.047%	$2.1M	$22.8M	10x	as long as short
Lighter WTI	0.0000%	1h	92.816	−0.011%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.862	+0.038%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.820	−0.007%	$26.5M	$81.2M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.810	−0.018%	$41.9M	$43.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.790	−0.039%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.833	+0.007%	$18K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.387	−0.473%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0018%	8h	92.824	−0.003%	$16K	$367	5x	as long as short
KuCoin CLUSDTM	+0.0040%	4h	92.838	+0.012%	$7.3M	$2.3M	50x	as long as short
StandX CL-USD	+0.0040%	1h	92.440	−0.416%	$726K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.850	+0.025%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.840	+0.015%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.818	−0.009%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	92.957	+0.140%	$3.3M	$2.7M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.827	+0.001%	$331K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.830	+0.004%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.785	−0.045%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.842	+0.017%	$273K	$873K	25x	as long as short
BloFin CL-USDT	+0.0194%	4h	92.820	−0.007%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.825	−0.002%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.95	+9.833%	$19K	$11K	30x	as long as short