Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0268%/8h= −29.4% APRpaid last 24h −0.027%

Price spread now: Aster against Paradex+0.024%7-day average — · you sell dearer than you buy

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

Long on Paradex 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 airdropParadex: Active · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.024% dearer against Paradex than usual: you sell high and buy low (spread +0.024% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex CL-USD-PERP	92.738	0.0019	pay 0.0019% / 8h	5h 34m	$16K	$367	5x
Short	Aster CLUSD1	92.760	−0.0249	pay 0.0125% / 4h	1h 34m	$23.9M	$68.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Paradex. 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 ParadexbpFee AsterbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$56.33
Price spread: +0.024% → 0.000%: $2.39
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$65.94
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; 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 Paradex no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	0.54 bp	4.5 bp −$5	5.2 bp −$52	doesn't fit	doesn't fit

Paradex: 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	−0.0612%	1h	92.710	−0.030%	$198K	$369K	15x	as long as short
Aster CLUSD1short	−0.0249%	4h	92.760	+0.024%	$23.9M	$68.8M	20x
GRVT CL_USDT_Perp	−0.0230%	4h	92.720	−0.019%	$61K	$633K	25x	as long as short
Binance CLUSDT	−0.0210%	4h	92.741	+0.003%	$244.6M	$955.8M	100x	as long as short
Variational Omni CL	−0.0204%	4h	92.697	−0.044%	$13.5M	$11.1M	—	as long as short
Ondo Perps WTI-USD.P	−0.0171%	1h	92.690	−0.052%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0148%	1h	92.817	+0.085%	$960K	$664K	10x	as long as short
Gate CL_USDT	−0.0091%	8h	92.680	−0.062%	$20.9M	$52.5M	100x	as long as short
tradeXYZ xyz:CL	−0.0071%	1h	92.771	+0.036%	$184.4M	$218.2M	20x	as long as short
edgeX CLUSDC	−0.0056%	4h	92.750	+0.013%	$528K	$302K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0043%	4h	92.730	−0.008%	$42.7M	$101.9M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	+0.013%	$402K	$944K	15x	as long as short
Aftermath Perps WTIUSD	−0.0037%	1h	92.760	+0.024%	$2K	$27K	5x	as long as short
QFEX CL-USD	−0.0032%	1h	92.770	+0.035%	$2.5M	$1.7M	10x	as long as short
Lighter WTI	0.0000%	1h	92.756	+0.020%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.761	+0.025%	$8K	$3K	5x	as long as short
Extended WTI-USD	0.0000%	1h	92.800	+0.067%	$2.1M	$22.9M	10x	as long as short
Bybit CLUSDT	0.0000%	8h	92.750	+0.013%	$26.4M	$81.3M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.742	+0.004%	$41.9M	$43.3M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.790	+0.056%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.756	+0.020%	$18K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.325	−0.445%	$5K	—	150x	as long as short
Paradex CL-USD-PERPlong	+0.0019%	8h	92.738	long leg	$16K	$367	5x
StandX CL-USD	+0.0040%	1h	92.490	−0.267%	$727K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.780	+0.045%	—	$310K	10x	as long as short
KuCoin CLUSDTM	+0.0048%	4h	92.764	+0.028%	$7.3M	$2.3M	50x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.756	+0.020%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.745	+0.008%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	92.861	+0.133%	$3.3M	$2.7M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.745	+0.007%	$331K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.670	−0.073%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.708	−0.032%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.751	+0.014%	$273K	$872K	25x	as long as short
BloFin CL-USDT	+0.0204%	4h	92.740	+0.002%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.755	+0.018%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.95	+9.938%	$19K	$11K	30x	as long as short