Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0245%/8h= −26.9% APRpaid last 24h −0.009%

Price spread now: Aster against Ondo Perps+0.053%7-day average +0.075% · you sell dearer than you buy

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

Long on Ondo Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.156%−$16 on $10k

Price spread, last 7 days−0.105%−$11 · spread now +0.053%, 7d avg +0.075%

Together, before fees−0.262%+ Points / potential airdropOndo Perps: Active · Aster: Stage 5 · farm board−$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Aster is 0.022% cheaper against Ondo Perps than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.075%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.156% in total (about -8.2% 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	Ondo Perps WTI-USD.P	92.180	−0.0051	get 0.0006% / 1h	0m 39s	$3.5M	$6.4M	20x
Short	Aster CLUSD1	92.229	−0.0297	pay 0.0148% / 4h	0m 39s	$23.9M	$77.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Ondo Perps. 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 Ondo PerpsbpFee AsterbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$51.53
Price spread: +0.053% → +0.075%: −$2.24
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$66.77
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Aster: live order book, 3 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	0.54 bp	4.5 bp −$5	5.5 bp −$55	doesn't fit	doesn't fit

Ondo Perps: 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
Kraken Futures PF_WTIOILUSD	−0.0449%	1h	92.231	+0.055%	$273K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0322%	4h	92.225	+0.048%	$58K	$702K	25x	as long as short
Aster CLUSD1short	−0.0297%	4h	92.229	+0.053%	$23.9M	$77.4M	20x
Binance CLUSDT	−0.0222%	4h	92.219	+0.042%	$244.4M	$1.08B	100x	as long as short
Variational Omni CL	−0.0206%	4h	92.193	+0.014%	$13.2M	$12.7M	—	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0184%	1h	92.230	+0.054%	$96K	$189K	15x	as long as short
Nado WTI-PERP	−0.0130%	1h	92.273	+0.101%	$925K	$734K	10x	as long as short
Lighter WTI	−0.0064%	1h	92.214	+0.037%	$11.2M	$10.9M	20x	as long as short
QFEX CL-USD	−0.0054%	1h	92.210	+0.033%	$2.4M	$2.3M	10x	as long as short
Ondo Perps WTI-USD.Plong	−0.0051%	1h	92.180	long leg	$3.5M	$6.4M	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0034%	8h	92.150	−0.033%	$21.3M	$58.1M	100x	as long as short
Paradex CL-USD-PERP	−0.0031%	8h	92.202	+0.024%	$15K	$367	5x	as long as short
tradeXYZ xyz:CL	−0.0031%	1h	92.245	+0.071%	$186.1M	$267.3M	20x	as long as short
Pacifica CL	−0.0020%	1h	92.220	+0.044%	$333K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.269	+0.096%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.210	+0.033%	$26.0M	$94.2M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.210	+0.033%	$42.9M	$111.5M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.340	+0.174%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.202	+0.024%	$42.0M	$51.3M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.300	+0.130%	$37K	$101K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.212	+0.035%	$19K	$241K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.163%	$399K	$963K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.778	−0.436%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	92.270	+0.098%	$2.0M	$26.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.230	+0.054%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.260	+0.087%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.219	+0.042%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.208	+0.030%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0085%	4h	92.266	+0.093%	$531K	$326K	30x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.234	+0.059%	$7.3M	$2.2M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.250	+0.076%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.186	+0.007%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.215	+0.038%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.34	+9.933%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.240	+0.065%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0493%	1h	92.256	+0.082%	$2K	$29K	5x	as long as short