Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0496%/8h= −54.3% APRpaid last 24h −0.068%

Price spread now: Aster against Injective−9.116%67s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Aster is 9.116% cheaper against Injective than usual: you would sell low and buy high (−$912 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective WTI/USDC PERP	102.25	0.0220	pay 0.0028% / 1h	2m 15s	$19K	$11K	30x
Short	Aster CLUSD1	92.930	−0.0276	pay 0.0138% / 4h	2m 15s	$24.0M	$66.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now −9.116%Rate

Funding earned: −$104.13
Price spread: −9.116% → 0.000%: −$911.58
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$1,023.73
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Aster: live order book, 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 Injective no order-book sample	—	—	—	—	—
Sell Aster live order book, 2 min ago	0.54 bp	4.5 bp −$5	4.5 bp −$45	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0503%	1h	92.870	−9.174%	$198K	$370K	15x	as long as short
Aster CLUSD1short	−0.0276%	4h	92.930	−9.116%	$24.0M	$66.4M	20x
GRVT CL_USDT_Perp	−0.0248%	4h	92.847	−9.197%	$63K	$648K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0196%	1h	92.929	−9.117%	$272K	$875K	25x	as long as short
Binance CLUSDT	−0.0185%	4h	92.910	−9.135%	$244.5M	$944.0M	100x	as long as short
Variational Omni CL	−0.0179%	4h	92.839	−9.205%	$13.5M	$10.8M	—	as long as short
Bitget CLUSDT	−0.0132%	4h	92.892	−9.153%	$41.9M	$43.5M	100x	as long as short
tradeXYZ xyz:CL	−0.0116%	1h	92.889	−9.156%	$187.4M	$216.9M	20x	as long as short
Aftermath Perps WTIUSD	−0.0106%	1h	92.929	−9.117%	$2K	$27K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0087%	1h	92.870	−9.174%	$3.5M	$5.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0080%	4h	92.863	−9.181%	$526K	$304K	30x	as long as short
OKX CL-USDT-SWAP	−0.0056%	4h	92.900	−9.145%	$42.5M	$102.7M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.930	−9.116%	$399K	$948K	15x	as long as short
Gate CL_USDT	−0.0046%	8h	92.850	−9.194%	$20.8M	$52.4M	100x	as long as short
QFEX CL-USD	−0.0043%	1h	92.890	−9.155%	$2.3M	$1.8M	10x	as long as short
Nado WTI-PERP	−0.0040%	1h	92.959	−9.088%	$963K	$647K	10x	as long as short
KuCoin CLUSDTM	−0.0034%	4h	92.918	−9.128%	$7.1M	$2.4M	50x	as long as short
Lighter WTI	0.0000%	1h	92.901	−9.144%	$11.2M	$10.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.937	−9.109%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.890	−9.155%	$26.5M	$80.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.967	−9.079%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.940	−9.106%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.912	−9.133%	$18K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.459	−9.576%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0003%	8h	92.888	−9.157%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	92.930	−9.116%	$2.0M	$20.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.920	−9.126%	$734K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.920	−9.126%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.910	−9.135%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.895	−9.150%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	92.896	−9.149%	$330K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.000	−9.047%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.881	−9.164%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0183%	4h	92.900	−9.145%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0217% / S −0.0145%	1h	92.905	−9.140%	$81K	—	111x	as long as short
Injective WTI/USDC PERPlong	+0.0220%	1h	102.25	long leg	$19K	$11K	30x