Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%

Price spread now: Bybit against Aster+0.001%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.394%−$39 on $10k

Price spread, last 7 days+0.019%+$2 · spread now +0.001%, 7d avg −0.024%

Together, before fees−0.375%+ Points / potential airdropAster: Stage 5 · farm board−$38 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.025% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CLUSD1	91.984	0	get 0.0000% / 4h	2h 00m	$24.5M	$77.8M	20x
Short	Bybit CLUSDT	91.985	0	get 0.0000% / 8h	2h 00m	$25.2M	$99.7M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.001%Rate

Funding earned: $0
Price spread: +0.001% → −0.024%: $2.53
Slippage, 4 orders: −$5.02
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$21.49
Costs to cover: 0.240%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Bybit: 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 Aster live order book, 4 min ago	0.54 bp	6.6 bp −$7	7.3 bp −$73	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.54 bp	6.0 bp −$6	9.2 bp −$92	25.3 bp −$2,531	112.3 bp −$56.1K

CL on 35 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
QFEX CL-USD	−0.0019%	1h	91.950	−0.037%	$2.4M	$2.7M	10x	as long as short
Aster CLUSD1long	0.0000%	4h	91.984	long leg	$24.5M	$77.8M	20x
dYdX WTI-USD	0.0000%	1h	91.937	−0.051%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.985	+0.001%	$246.5M	$1.13B	100x	as long as short
Bybit CLUSDTshort	0.0000%	8h	91.985	+0.001%	$25.2M	$99.7M	150x
OKX CL-USDT-SWAP	0.0000%	4h	91.980	−0.004%	$43.0M	$116.4M	50x	as long as short
Gate CL_USDT	0.0000%	8h	91.930	−0.059%	$21.2M	$63.4M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.983	−0.001%	$42.1M	$66.9M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.952	−0.035%	$13.4M	$16.0M	—	as long as short
GRVT CL_USDT_Perp	0.0000%	4h	91.941	−0.047%	$58K	$773K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet WTIOIL-USD	0.0000%	1h	91.976	−0.008%	$17K	$240K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	92.000	+0.017%	$95K	$260K	15x	as long as short
Aftermath Perps WTIUSD	+0.0001%	1h	91.900	−0.091%	$2K	$31K	5x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.990	+0.007%	$33K	$99K	20x	as long as short
Paradex CL-USD-PERP	+0.0017%	8h	91.942	−0.046%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	91.916	−0.074%	$11.0M	$12.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	91.958	−0.028%	$2.0M	$29.5M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	91.880	−0.113%	$17K	$18K	30x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0040%	1h	92.003	+0.021%	$257K	$1.3M	25x	as long as short
StandX CL-USD	+0.0040%	1h	91.960	−0.026%	$723K	$3.1M	40x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0040%	1h	92.080	+0.104%	$393K	$1.3M	15x	as long as short
Vest CL-PERP	+0.0046%	1h	92.020	+0.039%	—	$243K	10x	as long as short
tradeXYZ xyz:CL	+0.0050%	1h	91.958	−0.028%	$182.5M	$289.9M	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	91.950	−0.037%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.963	−0.023%	$2.0M	$39K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	91.940	−0.048%	$3.5M	$6.5M	20x	as long as short
edgeX CLUSDC	+0.0058%	4h	91.956	−0.030%	$529K	$342K	30x	as long as short
Pacifica CL	+0.0100%	1h	91.959	−0.027%	$336K	$573K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.961	−0.025%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	91.930	−0.059%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.964	−0.022%	$4K	—	10x	as long as short
Nado WTI-PERP	+0.0176%	1h	91.936	−0.052%	$881K	$787K	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0212% / S −0.0127%	1h	91.995	+0.012%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.940	−0.048%	$4.0M	$1.5M	50x	as long as short
RISEx CL/USDC	+0.0266%	1h	92.076	+0.100%	$3.2M	$2.7M	20x	as long as short