Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0195%/8h= +21.4% APRpaid last 24h +0.005%

Price spread now: Aftermath Perps against Aster−0.040%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aftermath Perps is 0.040% cheaper against Aster than usual: you would sell low and buy high (spread −0.040% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 16 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CLUSD1	92.950	−0.0265	get 0.0132% / 4h	1h 07m	$24.0M	$68.1M	20x
Short	Aftermath Perps WTIUSD	92.913	−0.0070	pay 0.0009% / 1h	7m 00s	$2K	$27K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Aster. 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 AsterbpFee Aftermath PerpsbpOrdersPrice spread, now −0.040%Rate

Funding earned: $40.97
Price spread: −0.040% → 0.000%: −$3.97
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $20
Costs to cover: 0.170%
Break-even: 3.6 days

Slippage unknown: Aster: live order book, 2 min ago; Aftermath Perps: no order-book sample. 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 Aster live order book, 2 min ago	0.54 bp	4.5 bp −$5	5.4 bp −$54	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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	−0.0610%	1h	92.900	−0.054%	$198K	$369K	15x	as long as short
Aster CLUSD1long	−0.0265%	4h	92.950	long leg	$24.0M	$68.1M	20x
GRVT CL_USDT_Perp	−0.0246%	4h	92.885	−0.069%	$53K	$635K	25x	as long as short
Binance CLUSDT	−0.0208%	4h	92.960	+0.011%	$244.7M	$951.9M	100x	as long as short
Variational Omni CL	−0.0197%	4h	92.897	−0.057%	$13.5M	$11.2M	—	as long as short
Ondo Perps WTI-USD.P	−0.0166%	1h	92.900	−0.054%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0149%	1h	93.011	+0.066%	$961K	$655K	10x	as long as short
OKX CL-USDT-SWAP	−0.0081%	4h	92.950	0.000%	$42.8M	$102.1M	50x	as long as short
Extended WTI-USD	−0.0080%	1h	92.990	+0.043%	$2.1M	$22.1M	10x	as long as short
tradeXYZ xyz:CL	−0.0073%	1h	92.956	+0.006%	$184.5M	$216.7M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSDshort	−0.0070%	1h	92.913	−0.040%	$2K	$27K	5x
Gate CL_USDT	−0.0069%	8h	92.900	−0.054%	$20.9M	$53.2M	100x	as long as short
edgeX CLUSDC	−0.0065%	4h	92.900	−0.054%	$529K	$302K	30x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.215%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.930	−0.022%	$2.5M	$1.7M	10x	as long as short
Bitget CLUSDT	−0.0016%	4h	92.946	−0.004%	$42.1M	$43.5M	100x	as long as short
Lighter WTI	0.0000%	1h	92.945	−0.005%	$11.2M	$10.5M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.937	−0.014%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.970	+0.022%	$26.6M	$80.8M	150x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.940	−0.011%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.950	0.000%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.502	−0.482%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0004%	4h	92.953	+0.003%	$7.1M	$2.4M	50x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	92.940	−0.011%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.880	−0.075%	$733K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.960	+0.011%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.958	+0.009%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.925	−0.027%	$2.1M	$60K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	93.037	+0.093%	$3.1M	$2.9M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.952	+0.002%	$331K	$619K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.960	+0.011%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.905	−0.048%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.970	+0.021%	$274K	$872K	25x	as long as short
BloFin CL-USDT	+0.0162%	4h	92.930	−0.022%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.935	−0.016%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.10	+9.842%	$19K	$11K	30x	as long as short