Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: Aster against Deribit−0.029%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$200.204% of the position

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.008%−$1 on $10k

Price spread, last 3 days (all we have)+0.243%+$24 · spread now −0.029%, 7d avg −0.005%

Together, before fees+0.235%+ Points / potential airdropAster: Stage 5 · farm board+$23 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: Aster is 0.024% cheaper against Deribit than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WTIOIL_USDC-PERPETUAL	92.070	0	get 0.0000% / 1h	32m 50s	$96K	$315K	15x
Short	Aster CLUSD1	92.044	0	get 0.0000% / 4h	2h 32m	$24.5M	$76.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → −0.005%: −$2.37
Slippage, 4 orders: −$5.44
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$22.8
Costs to cover: 0.204%
Break-even: never at this rate

Slippage from Deribit: live order book, 55 min ago; Aster: 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 Deribit live order book, 55 min ago	0.54 bp	4.0 bp −$4	6.3 bp −$63	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	0.54 bp	4.5 bp −$5	5.0 bp −$50	doesn't fit	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	92.030	−0.043%	$2.4M	$2.9M	10x	as long as short
Aster CLUSD1short	0.0000%	4h	92.044	−0.029%	$24.5M	$76.2M	20x
dYdX WTI-USD	0.0000%	1h	92.016	−0.059%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	92.001	−0.075%	$247.3M	$1.13B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.978	−0.100%	$25.4M	$100.2M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.920	−0.163%	$43.0M	$116.9M	50x	as long as short
Gate CL_USDT	0.0000%	8h	91.870	−0.217%	$21.2M	$62.9M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.964	−0.115%	$42.3M	$69.4M	100x	as long as short
Variational Omni CL	0.0000%	4h	92.142	+0.078%	$13.7M	$16.1M	—	as long as short
GRVT CL_USDT_Perp	0.0000%	4h	92.061	−0.010%	$58K	$782K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WTIOIL_USDC-PERPETUALlong	0.0000%	1h	92.070	long leg	$96K	$315K	15x
Aftermath Perps WTIUSD	0.0000%	1h	92.009	−0.066%	$2K	$31K	5x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.050	−0.022%	$33K	$99K	20x	as long as short
Lighter WTI	+0.0032%	1h	91.986	−0.091%	$11.0M	$12.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.032	−0.041%	$2.0M	$29.7M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	92.044	−0.028%	$17K	$18K	30x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0040%	1h	92.076	+0.007%	$259K	$1.3M	25x	as long as short
StandX CL-USD	+0.0040%	1h	92.040	−0.033%	$726K	$3.0M	40x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0040%	1h	92.080	+0.011%	$393K	$1.3M	15x	as long as short
Vest CL-PERP	+0.0046%	1h	92.020	−0.054%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.045	−0.027%	$2.0M	$42K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	92.040	−0.033%	$3.5M	$6.5M	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0065%	1h	92.038	−0.035%	$1.6M	$1.4M	20x	as long as short
edgeX CLUSDC	+0.0091%	4h	92.051	−0.021%	$529K	$342K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.026	−0.048%	$333K	$573K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.995	−0.081%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.110	+0.043%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.030	−0.043%	$4K	$49	10x	as long as short
Paradex CL-USD-PERP	+0.0117%	8h	91.990	−0.087%	$15K	$367	5x	as long as short
Bullet WTIOIL-USD	+0.0155%	1h	92.045	−0.027%	$18K	$242K	10x	as long as short
Nado WTI-PERP	+0.0178%	1h	92.040	−0.033%	$881K	$789K	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0212% / S −0.0127%	1h	92.065	−0.005%	$76K	—	111x	as long as short
tradeXYZ xyz:CL	+0.0224%	1h	92.024	−0.050%	$182.7M	$296.0M	20x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.950	−0.130%	$4.0M	$1.5M	50x	as long as short
RISEx CL/USDC	+0.0266%	1h	92.183	+0.123%	$3.2M	$2.7M	20x	as long as short