Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0257%/8h= −28.2% APRpaid last 24h −0.027%

Price spread now: Aster against tradeXYZ+0.051%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$300.295% of the position

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 7 days−0.008%−$1 · spread now +0.051%, 7d avg +0.032%

Together, before fees−0.046%+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: −$8 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 -0.038% in total (about -2.0% 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	tradeXYZ xyz:CL	93.153	−0.0030	get 0.0004% / 1h	36m 16s	$184.0M	$199.5M	20x
Short	Aster CLUSD1	93.201	−0.0288	pay 0.0144% / 4h	36m 16s	$24.7M	$64.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$54.06
Price spread: +0.051% → +0.032%: $1.95
Slippage, 4 orders: −$3.53
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$81.63
Costs to cover: 0.295%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 4 min ago; Aster: live order book, 3 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 tradeXYZ live order book, 4 min ago	0.27 bp	9.7 bp −$10	10.2 bp −$102	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	1.07 bp	5.1 bp −$5	5.1 bp −$51	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	−0.0394%	1h	93.150	−0.003%	$195K	$394K	15x	as long as short
Aster CLUSD1short	−0.0288%	4h	93.201	+0.051%	$24.7M	$64.5M	20x
GRVT CL_USDT_Perp	−0.0272%	4h	93.210	+0.061%	$75K	$636K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0210%	1h	93.169	+0.017%	$275K	$938K	25x	as long as short
Binance CLUSDT	−0.0161%	4h	93.167	+0.016%	$246.8M	$921.4M	100x	as long as short
Variational Omni CL	−0.0151%	4h	93.187	+0.036%	$13.4M	$10.6M	—	as long as short
Gate CL_USDT	−0.0128%	8h	93.100	−0.057%	$22.9M	$49.1M	100x	as long as short
Bitget CLUSDT	−0.0124%	4h	93.151	−0.002%	$42.2M	$41.6M	100x	as long as short
Aftermath Perps WTIUSD	−0.0112%	1h	93.237	+0.090%	$2K	$26K	5x	as long as short
edgeX CLUSDC	−0.0095%	4h	93.207	+0.058%	$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
Nado WTI-PERP	−0.0091%	1h	93.219	+0.071%	$955K	$623K	10x	as long as short
OKX CL-USDT-SWAP	−0.0069%	4h	93.140	−0.014%	$42.7M	$102.7M	50x	as long as short
QFEX CL-USD	−0.0038%	1h	93.170	+0.018%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CLlong	−0.0030%	1h	93.153	long leg	$184.0M	$199.5M	20x
Ondo Perps WTI-USD.P	−0.0018%	1h	93.170	+0.018%	$3.6M	$5.3M	20x	as long as short
Lighter WTI	−0.0016%	1h	93.168	+0.016%	$11.2M	$9.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.415%	$405K	$810K	15x	as long as short
Paradex CL-USD-PERP	−0.0002%	8h	93.146	−0.008%	$16K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	93.162	+0.009%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.162	+0.010%	$26.7M	$79.1M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.200	+0.051%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.290	+0.147%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.156	+0.003%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.701	−0.485%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0016%	1h	93.190	+0.040%	$1.6M	$14.9M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.220	+0.072%	$739K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.170	+0.018%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.156	+0.003%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.162	+0.010%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.173	+0.021%	$348K	$593K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.205	+0.056%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.200	+0.050%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.132	−0.023%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0173%	4h	93.180	+0.029%	$4.0M	$983K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.45	+9.980%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0255% / S −0.0190%	1h	93.155	+0.002%	$83K	—	111x	as long as short