Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0264%/8h= −28.9% APRpaid last 24h −0.056%

Price spread now: Aster against RISEx−0.053%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$170.168% of the position

Long on RISEx Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.161%−$16 on $10k

Price spread, last 7 days+0.032%+$3 · spread now −0.053%, 7d avg −0.029%

Together, before fees−0.129%+ Points / potential airdropAster: Stage 5 · farm board−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Aster is 0.025% cheaper against RISEx than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.029%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx CL/USDC	93.215	0	get 0.0000% / 1h	50m 13s	$3.1M	$2.9M	20x
Short	Aster CLUSD1	93.165	−0.0264	pay 0.0132% / 4h	3h 50m	$24.1M	$66.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against RISEx. 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 RISExbpFee AsterbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$55.45
Price spread: −0.053% → −0.029%: −$2.48
Slippage, 4 orders: −$2.79
Fee RISEx: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$74.72
Costs to cover: 0.168%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 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 RISEx live order book, 4 min ago	0.27 bp	3.3 bp −$3	3.7 bp −$37	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	0.54 bp	5.0 bp −$5	5.5 bp −$55	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	−0.0287%	1h	93.130	−0.091%	$199K	$370K	15x	as long as short
Aster CLUSD1short	−0.0264%	4h	93.165	−0.053%	$24.1M	$66.6M	20x
GRVT CL_USDT_Perp	−0.0238%	4h	93.007	−0.223%	$54K	$658K	25x	as long as short
Binance CLUSDT	−0.0175%	4h	93.154	−0.066%	$245.1M	$942.8M	100x	as long as short
Variational Omni CL	−0.0167%	4h	93.119	−0.103%	$13.5M	$10.7M	—	as long as short
Bitget CLUSDT	−0.0124%	4h	93.137	−0.084%	$42.0M	$43.3M	100x	as long as short
Nado WTI-PERP	−0.0122%	1h	93.186	−0.031%	$965K	$645K	10x	as long as short
Aftermath Perps WTIUSD	−0.0109%	1h	93.066	−0.159%	$2K	$27K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0105%	1h	93.080	−0.145%	$3.5M	$5.3M	20x	as long as short
edgeX CLUSDC	−0.0077%	4h	93.022	−0.207%	$526K	$303K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.164	−0.055%	$268K	$936K	25x	as long as short
Gate CL_USDT	−0.0046%	8h	93.100	−0.123%	$20.9M	$50.7M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.190	−0.027%	$401K	$928K	15x	as long as short
OKX CL-USDT-SWAP	−0.0040%	4h	93.170	−0.048%	$42.7M	$102.6M	50x	as long as short
QFEX CL-USD	−0.0033%	1h	93.120	−0.102%	$2.3M	$1.8M	10x	as long as short
KuCoin CLUSDTM	−0.0018%	4h	93.166	−0.052%	$7.1M	$2.4M	50x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.050	−0.177%	$37K	$41K	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.160	−0.059%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.180	−0.037%	$26.8M	$80.7M	150x	as long as short
RISEx CL/USDClong	0.0000%	1h	93.215	long leg	$3.1M	$2.9M	20x
Bullet WTIOIL-USD	0.0000%	1h	93.153	−0.066%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.697	−0.556%	$5K	—	150x	as long as short
tradeXYZ xyz:CL	+0.0001%	1h	93.154	−0.065%	$184.8M	$218.7M	20x	as long as short
Paradex CL-USD-PERP	+0.0012%	8h	93.122	−0.100%	$16K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	93.144	−0.076%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.180	−0.037%	$2.0M	$19.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.050	−0.177%	$735K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.150	−0.070%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.145	−0.075%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.157	−0.062%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.155	−0.064%	$331K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.120	−0.102%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.110	−0.112%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0196%	4h	93.070	−0.155%	$4.0M	$996K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0219% / S −0.0146%	1h	93.145	−0.075%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.17	+9.603%	$19K	$11K	30x	as long as short