Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0332%/8h= −36.3% APRpaid last 24h −0.054%

Price spread now: Aster against Polymarket Perps+0.040%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on Polymarket Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.223%−$22 on $10k

Price spread, last 7 days+0.031%+$3 · spread now +0.040%, 7d avg +0.043%

Together, before fees−0.193%+ Points / potential airdropAster: Stage 5 · farm board−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.043%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.223% in total (about -11.6% 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	Polymarket Perps WTIOIL-USD	93.323	0.0050	pay 0.0006% / 1h	10m 31s	$1.7M	$1.3M	20x
Short	Aster CLUSD1	93.360	−0.0282	pay 0.0141% / 4h	3h 10m	$24.3M	$65.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Polymarket 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 Polymarket PerpsbpFee AsterbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$69.62
Price spread: +0.040% → +0.043%: −$0.34
Slippage, 4 orders: −$9.44
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$95.4
Costs to cover: 0.254%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; Aster: live order book, 4 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 Polymarket Perps live order book, 3 min ago	1.77 bp	7.8 bp −$8	9.0 bp −$90	11.7 bp −$1,174	doesn't fit
Sell Aster live order book, 4 min ago	0.54 bp	5.5 bp −$5	5.6 bp −$56	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0500%	1h	93.300	−0.025%	$199K	$370K	15x	as long as short
GRVT CL_USDT_Perp	−0.0338%	4h	93.280	−0.046%	$58K	$656K	25x	as long as short
Aster CLUSD1short	−0.0282%	4h	93.360	+0.040%	$24.3M	$65.9M	20x
Binance CLUSDT	−0.0188%	4h	93.330	+0.008%	$246.5M	$939.7M	100x	as long as short
Variational Omni CL	−0.0173%	4h	93.308	−0.016%	$13.3M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0134%	1h	93.298	−0.027%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0130%	4h	93.320	−0.003%	$42.0M	$43.2M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0129%	1h	93.260	−0.068%	$3.5M	$5.4M	20x	as long as short
Nado WTI-PERP	−0.0114%	1h	93.384	+0.065%	$966K	$629K	10x	as long as short
edgeX CLUSDC	−0.0069%	4h	93.266	−0.061%	$524K	$305K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0068%	8h	93.270	−0.057%	$21.4M	$51.5M	100x	as long as short
OKX CL-USDT-SWAP	−0.0064%	4h	93.330	+0.008%	$42.7M	$103.1M	50x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.353	+0.033%	$282K	$958K	25x	as long as short
tradeXYZ xyz:CL	−0.0060%	1h	93.333	+0.011%	$184.7M	$217.7M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.175%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.310	−0.014%	$2.3M	$2.0M	10x	as long as short
Paradex CL-USD-PERP	−0.0026%	8h	93.315	−0.009%	$16K	$367	5x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.310	−0.014%	$37K	$41K	20x	as long as short
Lighter WTI	0.0000%	1h	93.323	0.000%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	+0.007%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.337	+0.015%	$27.0M	$80.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.391	+0.073%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.332	+0.010%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.895	−0.459%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0012%	4h	93.357	+0.036%	$7.1M	$2.4M	50x	as long as short
Extended WTI-USD	+0.0024%	1h	93.370	+0.050%	$2.0M	$18.4M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.190	−0.143%	$737K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.340	+0.018%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USDlong	+0.0050%	1h	93.323	long leg	$1.7M	$1.3M	20x
SoDEX CL-USD	+0.0050%	1h	93.328	+0.005%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.324	+0.001%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.340	+0.018%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.296	−0.029%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0176%	4h	93.320	−0.003%	$4.0M	$997K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.37	+9.695%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0224% / S −0.0152%	1h	93.325	+0.002%	$81K	—	111x	as long as short