Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0323%/8h= −35.4% APRpaid last 24h −0.021%

Price spread now: Aster against Extended−0.043%7-day average +0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$160.162% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.180%−$18 on $10k

Price spread, last 7 days+0.031%+$3 · spread now −0.043%, 7d avg +0.047%

Together, before fees−0.149%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Aster is 0.090% cheaper against Extended than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.047%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.180% in total (about -9.4% 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	Extended WTI-USD	92.290	0.0032	pay 0.0004% / 1h	3m 44s	$2.0M	$26.7M	10x
Short	Aster CLUSD1	92.250	−0.0291	pay 0.0145% / 4h	3m 44s	$23.9M	$77.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$67.82
Price spread: −0.043% → +0.047%: −$9
Slippage, 4 orders: −$3.16
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$92.98
Costs to cover: 0.162%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; Aster: live order book, 5 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 Extended live order book, 5 min ago	0.11 bp	3.3 bp −$3	6.1 bp −$61	22.4 bp −$2,235	doesn't fit
Sell Aster live order book, 5 min ago	0.54 bp	4.5 bp −$5	4.5 bp −$45	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
Kraken Futures PF_WTIOILUSD	−0.0449%	1h	92.258	−0.035%	$273K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0316%	4h	92.160	−0.141%	$58K	$702K	25x	as long as short
Aster CLUSD1short	−0.0291%	4h	92.250	−0.043%	$23.9M	$77.5M	20x
Binance CLUSDT	−0.0214%	4h	92.240	−0.054%	$244.5M	$1.09B	100x	as long as short
Variational Omni CL	−0.0196%	4h	92.223	−0.073%	$13.2M	$12.7M	—	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0183%	1h	92.250	−0.043%	$96K	$189K	15x	as long as short
Nado WTI-PERP	−0.0130%	1h	92.302	+0.013%	$925K	$736K	10x	as long as short
Lighter WTI	−0.0072%	1h	92.236	−0.059%	$11.2M	$10.9M	20x	as long as short
QFEX CL-USD	−0.0054%	1h	92.240	−0.054%	$2.4M	$2.3M	10x	as long as short
Ondo Perps WTI-USD.P	−0.0046%	1h	92.220	−0.076%	$3.5M	$6.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0034%	8h	92.170	−0.130%	$21.3M	$58.1M	100x	as long as short
Paradex CL-USD-PERP	−0.0034%	8h	92.223	−0.073%	$15K	$367	5x	as long as short
tradeXYZ xyz:CL	−0.0033%	1h	92.269	−0.023%	$186.2M	$267.2M	20x	as long as short
Pacifica CL	−0.0020%	1h	92.242	−0.052%	$333K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.269	−0.023%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.230	−0.065%	$26.1M	$94.5M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.230	−0.065%	$43.0M	$112.1M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.361	+0.076%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.230	−0.065%	$42.0M	$51.5M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.190	−0.108%	$37K	$101K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.238	−0.057%	$19K	$241K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.282%	$399K	$963K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.809	−0.521%	$5K	—	150x	as long as short
Extended WTI-USDlong	+0.0032%	1h	92.290	long leg	$2.0M	$26.7M	10x
StandX CL-USD	+0.0040%	1h	92.230	−0.065%	$721K	$3.1M	40x	as long as short
edgeX CLUSDC	+0.0042%	4h	92.272	−0.019%	$531K	$325K	30x	as long as short
Vest CL-PERP	+0.0046%	1h	92.280	−0.011%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.244	−0.050%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.237	−0.057%	$2.0M	$39K	20x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.258	−0.035%	$7.3M	$2.2M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.320	+0.033%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.207	−0.090%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.235	−0.060%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.34	+9.802%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.230	−0.065%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0469%	1h	92.256	−0.037%	$2K	$29K	5x	as long as short