Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%

Price spread now: Variational Omni against Aster+0.016%7-day average −0.030% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.039%−$4 · spread now +0.016%, 7d avg −0.030%

Together, before fees−0.039%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.045% dearer against Aster than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CLUSD1	92.041	0	get 0.0000% / 4h	2h 37m	$24.5M	$75.5M	20x
Short	Variational Omni CL	92.055	0	get 0.0000% / 4h	2h 37m	$13.7M	$16.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → −0.030%: $4.55
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$3.45
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 1 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

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	7.8 bp −$8	8.7 bp −$87	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.27 bp	doesn't fit	2.5 bp −$25	6.0 bp −$599	doesn't fit

CL on 35 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
QFEX CL-USD	−0.0019%	1h	92.100	+0.064%	$2.4M	$2.8M	10x	as long as short
Aftermath Perps WTIUSD	−0.0003%	1h	92.069	+0.030%	$2K	$31K	5x	as long as short
Aster CLUSD1long	0.0000%	4h	92.041	long leg	$24.5M	$75.5M	20x
dYdX WTI-USD	0.0000%	1h	91.973	−0.074%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	92.010	−0.034%	$244.4M	$1.11B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	92.050	+0.010%	$24.8M	$98.8M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.030	−0.012%	$43.0M	$115.0M	50x	as long as short
Gate CL_USDT	0.0000%	8h	91.960	−0.088%	$21.1M	$62.6M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	92.020	−0.023%	$42.0M	$68.4M	100x	as long as short
Variational Omni CLshort	0.0000%	4h	92.055	+0.016%	$13.7M	$16.1M	—

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT CL_USDT_Perp	0.0000%	4h	92.069	+0.030%	$58K	$782K	25x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.030	−0.012%	$33K	$99K	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.032	−0.010%	$2.0M	$29.7M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	92.252	+0.229%	$17K	$14K	30x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0040%	1h	92.200	+0.173%	$259K	$1.3M	25x	as long as short
StandX CL-USD	+0.0040%	1h	92.030	−0.012%	$726K	$3.0M	40x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0040%	1h	92.050	+0.010%	$394K	$1.3M	15x	as long as short
Vest CL-PERP	+0.0046%	1h	92.020	−0.023%	—	$243K	10x	as long as short
edgeX CLUSDC	+0.0047%	4h	92.087	+0.049%	$530K	$341K	30x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.121	+0.087%	$2.0M	$42K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0061%	1h	91.980	−0.066%	$3.5M	$6.4M	20x	as long as short
Lighter WTI	+0.0088%	1h	92.074	+0.036%	$11.0M	$12.2M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.025	−0.017%	$333K	$573K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.051	+0.011%	$7.3M	$2.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.080	+0.042%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.108	+0.073%	$4K	$49	10x	as long as short
Paradex CL-USD-PERP	+0.0117%	8h	92.050	+0.009%	$15K	$367	5x	as long as short
Polymarket Perps WTIOIL-USD	+0.0123%	1h	92.097	+0.061%	$1.6M	$1.4M	20x	as long as short
Nado WTI-PERP	+0.0162%	1h	92.136	+0.103%	$880K	$785K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	+0.0184%	1h	92.200	+0.173%	$96K	$315K	15x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0212% / S −0.0127%	1h	92.185	+0.156%	$76K	—	111x	as long as short
Bullet WTIOIL-USD	+0.0218%	1h	92.163	+0.132%	$18K	$241K	10x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.120	+0.086%	$4.0M	$1.5M	50x	as long as short
RISEx CL/USDC	+0.0266%	1h	92.146	+0.114%	$3.2M	$2.7M	20x	as long as short
tradeXYZ xyz:CL	+0.0314%	1h	92.032	−0.010%	$182.3M	$294.3M	20x	as long as short