Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0298%/8h= −32.7% APRpaid last 24h −0.040%

Price spread now: Aster against Vest−0.007%7-day average +0.858% · you buy dearer than you sell

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

Long on Vest Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.037%−$4 on $10k

Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.007%, 7d avg +0.858%

Together, before fees+0.034%+ Points / potential airdropVest: Active · Aster: Stage 5 · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Aster is 0.865% cheaper against Vest than usual: you would sell low and buy high (−$86 if the spread goes back to its 7-day average of +0.858%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.037% in total (about -4.0% 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	Vest CL-PERP	93.130	0.0046	pay 0.0006% / 1h	46m 17s	—	$310K	10x
Short	Aster CLUSD1	93.124	−0.0253	pay 0.0126% / 4h	46m 17s	$24.0M	$67.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Vest. 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 VestbpFee AsterbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$62.68
Price spread: −0.007% → +0.858%: −$86.48
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Aster: 4 bp × 2 orders: −$8
Net: −$159.16
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Aster: live order book, 3 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 Vest no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	0.54 bp	5.0 bp −$5	6.5 bp −$65	doesn't fit	doesn't fit

Vest: 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	−0.0609%	1h	93.080	−0.054%	$199K	$370K	15x	as long as short
Aster CLUSD1short	−0.0253%	4h	93.124	−0.007%	$24.0M	$67.8M	20x
GRVT CL_USDT_Perp	−0.0242%	4h	93.128	−0.003%	$54K	$635K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0196%	1h	93.136	+0.007%	$274K	$872K	25x	as long as short
Binance CLUSDT	−0.0195%	4h	93.111	−0.020%	$244.7M	$951.2M	100x	as long as short
Variational Omni CL	−0.0187%	4h	93.109	−0.023%	$13.5M	$11.3M	—	as long as short
tradeXYZ xyz:CL	−0.0111%	1h	93.112	−0.019%	$185.0M	$216.1M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0101%	1h	93.080	−0.054%	$3.5M	$5.6M	20x	as long as short
Aftermath Perps WTIUSD	−0.0080%	1h	93.124	−0.006%	$2K	$27K	5x	as long as short
Bitget CLUSDT	−0.0070%	4h	93.114	−0.017%	$42.0M	$43.8M	100x	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	−0.0069%	4h	93.120	−0.011%	$42.6M	$102.9M	50x	as long as short
edgeX CLUSDC	−0.0059%	4h	93.128	−0.002%	$530K	$302K	30x	as long as short
Gate CL_USDT	−0.0052%	8h	93.070	−0.064%	$20.9M	$51.3M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.408%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0043%	1h	93.110	−0.021%	$2.5M	$1.7M	10x	as long as short
Extended WTI-USD	−0.0024%	1h	93.160	+0.032%	$2.1M	$21.3M	10x	as long as short
Nado WTI-PERP	−0.0024%	1h	93.156	+0.028%	$963K	$653K	10x	as long as short
Lighter WTI	−0.0016%	1h	93.102	−0.030%	$11.2M	$10.5M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.113	−0.019%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.147	+0.018%	$26.9M	$80.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.189	+0.063%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.180	+0.054%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.119	−0.012%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.685	−0.478%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0002%	4h	93.111	−0.020%	$7.1M	$2.4M	50x	as long as short
Paradex CL-USD-PERP	+0.0015%	8h	93.095	−0.037%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	93.140	+0.011%	$735K	$2.9M	40x	as long as short
Vest CL-PERPlong	+0.0046%	1h	93.130	long leg	—	$310K	10x
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.128	−0.002%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.115	−0.016%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	93.109	−0.023%	$329K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.190	+0.064%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.089	−0.044%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0171%	4h	93.120	−0.011%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0210% / S −0.0134%	1h	93.115	−0.016%	$79K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.31	+9.859%	$19K	$11K	30x	as long as short