Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0527%/8h= −57.8% APRpaid last 24h +0.009%

Price spread now: Aster against Kraken Futures+0.006%54s7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs+$1as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$290.287% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.295%+$29 on $10k

Price spread, last 3 days (all we have)+0.106%+$11 · spread now +0.006%, 7d avg +0.001%

Together, before fees+0.401%+ Points / potential airdropAster: Stage 5 · farm board+$40 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: −$16 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.295%, so the current rate has only just turned against you. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.295% in total (about 15.4% 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	Kraken Futures PF_WTIOILUSD	91.915	0.0451	pay 0.0056% / 1h	28m 22s	$260K	$1.2M	25x
Short	Aster CLUSD1	91.920	−0.0077	pay 0.0038% / 4h	1h 28m	$23.9M	$78.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$110.77
Price spread: +0.006% → +0.001%: $0.44
Slippage, 4 orders: −$10.66
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$138.98
Costs to cover: 0.287%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Aster: live order book, 6 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 Kraken Futures live order book, 5 min ago	3.27 bp	9.2 bp −$9	22.3 bp −$223	doesn't fit	doesn't fit
Sell Aster live order book, 6 min ago	0.54 bp	4.5 bp −$5	5.4 bp −$54	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
Lighter WTI	−0.0320%	1h	91.860	−0.060%	$11.0M	$11.2M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0294%	1h	91.920	+0.006%	$95K	$260K	15x	as long as short
Aftermath Perps WTIUSD	−0.0206%	1h	91.932	+0.019%	$2K	$30K	5x	as long as short
Nado WTI-PERP	−0.0185%	1h	91.967	+0.057%	$922K	$749K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0182%	1h	91.840	−0.081%	$3.5M	$6.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0159%	1h	91.919	+0.005%	$184.9M	$284.0M	20x	as long as short
Bullet WTIOIL-USD	−0.0146%	1h	91.901	−0.015%	$18K	$240K	10x	as long as short
Paradex CL-USD-PERP	−0.0104%	8h	91.877	−0.041%	$15K	$367	5x	as long as short
GRVT CL_USDT_Perp	−0.0098%	4h	91.886	−0.031%	$58K	$726K	25x	as long as short
Aster CLUSD1short	−0.0077%	4h	91.920	+0.006%	$23.9M	$78.4M	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended WTI-USD	−0.0024%	1h	91.965	+0.055%	$2.0M	$29.1M	10x	as long as short
Polymarket Perps WTIOIL-USD	−0.0020%	1h	91.900	−0.016%	$1.6M	$1.4M	20x	as long as short
StandX CL-USD	−0.0002%	1h	91.890	−0.027%	$722K	$3.1M	40x	as long as short
dYdX WTI-USD	0.0000%	1h	91.939	+0.027%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.900	−0.016%	$245.5M	$1.12B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.916	+0.001%	$25.3M	$97.4M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.900	−0.016%	$43.1M	$113.9M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.890	−0.027%	$2.4M	$2.6M	10x	as long as short
Gate CL_USDT	0.0000%	8h	91.840	−0.081%	$21.2M	$59.1M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.893	−0.024%	$42.0M	$54.0M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.884	−0.034%	$13.4M	$13.6M	—	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.490	−0.462%	$4K	—	150x	as long as short
ApeX Omni CLUSDT	+0.0003%	1h	91.850	−0.070%	$55K	$266K	50x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.920	+0.006%	$37K	$99K	20x	as long as short
edgeX CLUSDC	+0.0040%	4h	91.919	+0.005%	$529K	$342K	30x	as long as short
Vest CL-PERP	+0.0046%	1h	92.000	+0.093%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.915	0.000%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	91.906	−0.009%	$332K	$579K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.908	−0.007%	$7.3M	$2.1M	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.877	−0.041%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	91.720	−0.212%	$384K	$1.2M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	100.99	+9.877%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	91.895	−0.021%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.920	+0.006%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSDlong	+0.0451%	1h	91.915	long leg	$260K	$1.2M	25x
RISEx CL/USDC	+0.0977%	1h	92.009	+0.103%	$3.2M	$2.8M	20x	as long as short