Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0250%/8h= +27.3% APRpaid last 24h +0.115%

Price spread now: GMX against Aster+0.005%7-day average — · you sell dearer than you buy

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

Long on Aster Short on GMX

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CLUSD1	91.890	−0.0122	get 0.0061% / 4h	3h 31m	$24.7M	$70.7M	20x
Short	GMX WTIOIL/USD [ETH-USDC]	91.895	L +0.0202% / S −0.0127%	get 0.0016% / 1h	31m 05s	$76K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.005%Rate

Funding earned: $52.41
Price spread: +0.005% → 0.000%: $0.54
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $32.96
Costs to cover: 0.200%
Break-even: 2.6 days

Slippage unknown: Aster: live order book, 4 min ago; GMX: 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, 4 min ago	0.54 bp	7.2 bp −$7	7.8 bp −$78	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Aster CLUSD1long	−0.0122%	4h	91.890	long leg	$24.7M	$70.7M	20x
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	91.917	+0.030%	$252K	$1.3M	25x	as long as short
Aftermath Perps WTIUSD	−0.0092%	1h	91.852	−0.042%	$2K	$32K	5x	as long as short
Binance CLUSDT	−0.0066%	4h	91.895	+0.005%	$244.3M	$1.06B	100x	as long as short
Variational Omni CL	−0.0063%	4h	91.856	−0.037%	$13.5M	$16.3M	—	as long as short
tradeXYZ xyz:CL	−0.0061%	1h	91.888	−0.002%	$182.8M	$291.1M	20x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0038% / S +0.0036%	1h	91.593	−0.323%	$178K	—	20x	as long as short
QFEX CL-USD	−0.0031%	1h	91.890	0.000%	$2.4M	$2.9M	10x	as long as short
dYdX WTI-USD	0.0000%	1h	91.870	−0.022%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	91.890	0.000%	$24.8M	$95.6M	150x	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	0.0000%	4h	91.880	−0.011%	$42.9M	$112.0M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.001	+0.121%	$3.2M	$2.6M	20x	as long as short
Gate CL_USDT	0.0000%	8h	91.850	−0.044%	$21.0M	$62.0M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.881	−0.010%	$42.4M	$63.8M	100x	as long as short
GRVT CL_USDT_Perp	0.0000%	4h	91.846	−0.048%	$61K	$807K	25x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	91.880	−0.011%	$18K	$244K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	91.910	+0.022%	$95K	$314K	15x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.020	+0.141%	$396K	$1.1M	15x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.900	+0.011%	$33K	$99K	20x	as long as short
Nado WTI-PERP	+0.0009%	1h	91.901	+0.012%	$848K	$755K	10x	as long as short
Ondo Perps WTI-USD.P	+0.0010%	1h	91.850	−0.044%	$3.5M	$6.3M	20x	as long as short
Paradex CL-USD-PERP	+0.0031%	8h	91.867	−0.025%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	91.878	−0.013%	$11.1M	$12.6M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	91.910	+0.022%	$1.9M	$29.2M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	92.595	+0.767%	$18K	$14K	30x	as long as short
StandX CL-USD	+0.0040%	1h	91.880	−0.011%	$725K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	91.940	+0.054%	—	$243K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	91.875	−0.016%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.879	−0.012%	$2.0M	$43K	20x	as long as short
edgeX CLUSDC	+0.0090%	4h	91.848	−0.046%	$528K	$347K	30x	as long as short
Pacifica CL	+0.0100%	1h	91.889	−0.001%	$316K	$545K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.907	+0.019%	$7.5M	$1.9M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.070	+0.196%	$57K	$270K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.867	−0.025%	$4K	$49	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]short	L +0.0202% / S −0.0127%	1h	91.895	+0.005%	$76K	—	111x
BloFin CL-USDT	+0.0240%	4h	91.880	−0.011%	$4.0M	$1.5M	50x	as long as short