Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0068%/8h= −7.5% APRpaid last 24h −0.020%

Price spread now: Aster against StandX+0.033%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on StandX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.136%−$14 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.033%, 7d avg +0.042%

Together, before fees−0.154%+ Points / potential airdropStandX: Active · Aster: Stage 5 · farm board−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX CL-USD	91.840	0.0025	pay 0.0003% / 1h	35m 34s	$722K	$3.1M	40x
Short	Aster CLUSD1	91.870	−0.0043	pay 0.0022% / 4h	1h 35m	$23.9M	$78.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against StandX. 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 StandXbpFee AsterbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$14.37
Price spread: +0.033% → +0.042%: −$0.9
Slippage, 4 orders: −$11.98
Fee StandX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$43.25
Costs to cover: 0.280%
Break-even: never at this rate

Slippage from StandX: 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 StandX live order book, 3 min ago	5.45 bp	9.4 bp −$9	11.0 bp −$110	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	0.55 bp	4.5 bp −$5	5.4 bp −$54	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
Lighter WTI	−0.0320%	1h	91.829	−0.012%	$11.0M	$11.2M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0294%	1h	91.870	+0.033%	$95K	$260K	15x	as long as short
Nado WTI-PERP	−0.0202%	1h	91.926	+0.094%	$922K	$759K	10x	as long as short
Aftermath Perps WTIUSD	−0.0197%	1h	91.855	+0.016%	$2K	$30K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0194%	1h	91.840	0.000%	$3.5M	$6.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0173%	1h	91.880	+0.044%	$185.0M	$283.9M	20x	as long as short
Bullet WTIOIL-USD	−0.0157%	1h	91.850	+0.011%	$19K	$240K	10x	as long as short
ApeX Omni CLUSDT	−0.0114%	1h	91.910	+0.076%	$55K	$266K	50x	as long as short
Paradex CL-USD-PERP	−0.0096%	8h	91.837	−0.003%	$15K	$367	5x	as long as short
Extended WTI-USD	−0.0056%	1h	91.920	+0.087%	$2.0M	$29.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT CL_USDT_Perp	−0.0050%	4h	91.830	−0.011%	$58K	$726K	25x	as long as short
Aster CLUSD1short	−0.0043%	4h	91.870	+0.033%	$23.9M	$78.5M	20x
Polymarket Perps WTIOIL-USD	−0.0026%	1h	91.853	+0.014%	$1.6M	$1.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.863	+0.025%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.849	+0.010%	$245.1M	$1.12B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.870	+0.033%	$25.3M	$97.5M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.860	+0.022%	$43.1M	$114.3M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.830	−0.011%	$2.4M	$2.5M	10x	as long as short
Gate CL_USDT	0.0000%	8h	91.790	−0.054%	$21.2M	$59.0M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.855	+0.016%	$42.1M	$58.2M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.804	−0.039%	$13.4M	$14.0M	—	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.447	−0.428%	$4K	—	10x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.930	+0.098%	$33K	$99K	20x	as long as short
StandX CL-USDlong	+0.0025%	1h	91.840	long leg	$722K	$3.1M	40x
Vest CL-PERP	+0.0046%	1h	91.960	+0.131%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.855	+0.016%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0055%	4h	91.879	+0.042%	$528K	$341K	30x	as long as short
Pacifica CL	+0.0100%	1h	91.867	+0.029%	$330K	$575K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.884	+0.048%	$7.3M	$2.1M	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.830	−0.011%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	91.720	−0.131%	$384K	$1.2M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	100.99	+9.966%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	91.845	+0.005%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.850	+0.011%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0451%	1h	91.855	+0.017%	$256K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	91.968	+0.139%	$3.2M	$2.8M	20x	as long as short