Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.017%

Price spread now: Aster against Pacifica−0.058%48s7-day average +0.028% · you buy dearer than you sell

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

Long on Pacifica Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.058%, 7d avg +0.028%

Together, before fees+0.095%+ Points / potential airdropPacifica: Active · Aster: Stage 5 · farm board+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.086% cheaper against Pacifica than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.028%). Swap the legs. The two prices were read 48 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	Pacifica CL	92.089	0.0100	pay 0.0013% / 1h	38m 56s	$334K	$573K	10x
Short	Aster CLUSD1	92.036	0	get 0.0000% / 4h	2h 38m	$24.5M	$75.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Pacifica. 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 PacificabpFee AsterbpOrdersPrice spread, now −0.058%Rate

Funding earned: −$21
Price spread: −0.058% → +0.028%: −$8.58
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$45.58
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 49 min ago; Aster: live order book, 5 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 Pacifica live order book, 49 min ago	0.27 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 5 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	92.080	−0.010%	$2.4M	$2.8M	10x	as long as short
Aftermath Perps WTIUSD	−0.0004%	1h	92.048	−0.044%	$2K	$31K	5x	as long as short
Aster CLUSD1short	0.0000%	4h	92.036	−0.058%	$24.5M	$75.5M	20x
dYdX WTI-USD	0.0000%	1h	92.055	−0.037%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	92.131	+0.046%	$244.7M	$1.10B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	92.121	+0.035%	$24.8M	$98.6M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.150	+0.066%	$43.1M	$114.9M	50x	as long as short
Gate CL_USDT	0.0000%	8h	92.080	−0.010%	$21.1M	$62.5M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	92.111	+0.024%	$42.0M	$68.0M	100x	as long as short
Variational Omni CL	0.0000%	4h	92.055	−0.037%	$13.7M	$16.1M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT CL_USDT_Perp	0.0000%	4h	92.069	−0.022%	$58K	$782K	25x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.030	−0.064%	$33K	$99K	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.029	−0.065%	$1.9M	$29.7M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	92.252	+0.177%	$17K	$14K	30x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0040%	1h	92.145	+0.060%	$259K	$1.3M	25x	as long as short
StandX CL-USD	+0.0040%	1h	92.030	−0.064%	$726K	$3.0M	40x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0040%	1h	92.050	−0.042%	$394K	$1.3M	15x	as long as short
Vest CL-PERP	+0.0046%	1h	92.020	−0.075%	—	$243K	10x	as long as short
edgeX CLUSDC	+0.0047%	4h	92.087	−0.003%	$530K	$341K	30x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.090	+0.001%	$2.0M	$42K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0065%	1h	92.110	+0.023%	$3.5M	$6.4M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	+0.0076%	1h	92.150	+0.066%	$96K	$315K	15x	as long as short
Lighter WTI	+0.0096%	1h	92.061	−0.031%	$11.0M	$12.2M	20x	as long as short
Pacifica CLlong	+0.0100%	1h	92.089	long leg	$334K	$573K	10x
KuCoin CLUSDTM	+0.0100%	4h	92.051	−0.041%	$7.3M	$2.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.080	−0.010%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.073	−0.017%	$4K	$49	10x	as long as short
Paradex CL-USD-PERP	+0.0104%	8h	92.039	−0.055%	$15K	$367	5x	as long as short
Polymarket Perps WTIOIL-USD	+0.0117%	1h	92.082	−0.008%	$1.6M	$1.4M	20x	as long as short
Nado WTI-PERP	+0.0158%	1h	92.097	+0.008%	$880K	$785K	10x	as long as short
Bullet WTIOIL-USD	+0.0206%	1h	92.104	+0.016%	$18K	$241K	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0212% / S −0.0127%	1h	92.135	+0.050%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.120	+0.034%	$4.0M	$1.5M	50x	as long as short
RISEx CL/USDC	+0.0266%	1h	92.180	+0.099%	$3.2M	$2.7M	20x	as long as short
tradeXYZ xyz:CL	+0.0318%	1h	92.085	−0.004%	$182.4M	$293.7M	20x	as long as short