Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0149%/8h= −16.3% APRpaid last 24h −0.052%

Price spread now: Aster against Bybit+0.056%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$220.218% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.201%+$20 on $10k

Price spread, last 7 days−0.002%$0 · spread now +0.056%, 7d avg +0.025%

Together, before fees+0.199%+ Points / potential airdropAster: Stage 5 · farm board+$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.031% dearer against Bybit than usual: you sell high and buy low (spread +0.056% now, against its 7-day average of +0.025%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 17 hours. Mind the row above: over the last 7 days funding on this pair paid +0.201%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CLUSDT	89.480	0	get 0.0000% / 8h	5h 57m	$27.0M	$107.6M	150x
Short	Aster CLUSD1	89.530	−0.0149	pay 0.0075% / 4h	1h 57m	$24.4M	$70.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$31.29
Price spread: +0.056% → +0.025%: $3.13
Slippage, 4 orders: −$2.79
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$49.95
Costs to cover: 0.218%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Aster: 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 Bybit live order book, 4 min ago	0.55 bp	6.1 bp −$6	8.3 bp −$83	19.0 bp −$1,902	117.6 bp −$58.8K
Sell Aster live order book, 4 min ago	0.55 bp	4.6 bp −$5	4.6 bp −$46	doesn't fit	doesn't fit

CL on 36 exchanges

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
Kraken Futures PF_WTIOILUSD	−0.0342%	1h	89.452	−0.031%	$322K	$1.8M	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0309%	1h	89.410	−0.078%	$133K	$530K	15x	as long as short
Ondo Perps WTI-USD.P	−0.0238%	1h	89.470	−0.011%	$3.4M	$6.1M	20x	as long as short
tradeXYZ xyz:CL	−0.0171%	1h	89.425	−0.061%	$170.1M	$243.6M	20x	as long as short
Aster CLUSD1short	−0.0149%	4h	89.530	+0.056%	$24.4M	$70.7M	20x
Bitget CLUSDT	−0.0118%	4h	89.486	+0.007%	$40.7M	$55.2M	100x	as long as short
Binance CLUSDT	−0.0103%	4h	89.470	−0.011%	$238.9M	$1.19B	100x	as long as short
Extended WTI-USD	−0.0096%	1h	89.500	+0.022%	$1.3M	$14.7M	10x	as long as short
Variational Omni CL	−0.0081%	4h	90.154	+0.753%	$12.7M	$11.3M	—	as long as short
edgeX CLUSDC	−0.0081%	4h	90.230	+0.838%	$504K	$380K	30x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0077%	8h	89.390	−0.101%	$23.0M	$52.8M	100x	as long as short
GRVT CL_USDT_Perp	−0.0066%	4h	90.610	+1.262%	$74K	$628K	25x	as long as short
Lighter WTI	−0.0064%	1h	89.449	−0.035%	$10.6M	$10.0M	20x	as long as short
Nado WTI-PERP	−0.0055%	1h	89.647	+0.187%	$868K	$682K	10x	as long as short
Aftermath Perps WTIUSD	−0.0045%	1h	90.047	+0.633%	$1K	$27K	5x	as long as short
OKX CL-USDT-SWAP	−0.0041%	4h	89.500	+0.022%	$39.8M	$128.8M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	89.640	+0.179%	$409K	$1.5M	15x	as long as short
QFEX CL-USD	−0.0025%	1h	89.550	+0.078%	$2.2M	$2.8M	10x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.131	−0.390%	$606	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	89.748	+0.300%	$8K	$3K	5x	as long as short
Bybit CLUSDTlong	0.0000%	8h	89.480	long leg	$27.0M	$107.6M	150x
RISEx CL/USDC	0.0000%	1h	89.582	+0.114%	$2.8M	$3.1M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	89.471	−0.010%	$16K	$238K	10x	as long as short
Paradex CL-USD-PERP	+0.0009%	8h	89.559	+0.088%	$15K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	89.720	+0.268%	$694K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	89.570	+0.101%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	89.526	+0.051%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	89.427	−0.059%	$2.0M	$82K	20x	as long as short
Phoenix WTIOIL	+0.0053%	1h	90.370	+0.995%	$36K	$37K	20x	as long as short
Pacifica CL	+0.0100%	1h	89.599	+0.133%	$300K	$729K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	89.528	+0.054%	$6.9M	$3.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	90.090	+0.682%	$52K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	89.406	−0.083%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0167% / S +0.0013%	1h	89.655	+0.196%	$72K	—	111x	as long as short
BloFin CL-USDT	+0.0199%	4h	89.640	+0.179%	$3.9M	$1.1M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	90.137	+0.734%	$16K	$5K	30x	as long as short