Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0518%/8h= +56.7% APRpaid last 24h +0.081%

Price spread now: Injective against Aster+9.889%57s7-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 Injective

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Injective is 9.889% dearer against Aster than usual: you sell high and buy low: +$989 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CLUSD1	93.567	−0.0298	get 0.0149% / 4h	1h 00m	$24.7M	$65.2M	20x
Short	Injective WTI/USDC PERP	102.82	0.0220	get 0.0028% / 1h	0m 14s	$19K	$11K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +9.889%Rate

Funding earned: $108.75
Price spread: +9.889% → 0.000%: $988.86
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,089.59
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: live order book, 4 min ago; Injective: 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	1.07 bp	5.1 bp −$5	6.0 bp −$60	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0605%	1h	93.520	−0.050%	$196K	$387K	15x	as long as short
GRVT CL_USDT_Perp	−0.0306%	4h	93.372	−0.208%	$53K	$607K	25x	as long as short
Aster CLUSD1long	−0.0298%	4h	93.567	long leg	$24.7M	$65.2M	20x
Binance CLUSDT	−0.0170%	4h	93.547	−0.021%	$247.9M	$919.7M	100x	as long as short
Variational Omni CL	−0.0159%	4h	93.419	−0.158%	$13.4M	$10.7M	—	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.559	−0.008%	$276K	$969K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0136%	1h	93.380	−0.199%	$3.5M	$5.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0134%	1h	93.468	−0.106%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0128%	4h	93.555	−0.012%	$42.4M	$42.1M	100x	as long as short
Gate CL_USDT	−0.0125%	8h	93.480	−0.093%	$22.8M	$50.8M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0091%	4h	93.408	−0.169%	$525K	$305K	30x	as long as short
Nado WTI-PERP	−0.0083%	1h	93.543	−0.025%	$962K	$631K	10x	as long as short
tradeXYZ xyz:CL	−0.0082%	1h	93.555	−0.012%	$184.9M	$204.1M	20x	as long as short
OKX CL-USDT-SWAP	−0.0061%	4h	93.550	−0.018%	$42.9M	$102.4M	50x	as long as short
QFEX CL-USD	−0.0023%	1h	93.460	−0.114%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.540	−0.028%	$405K	$917K	15x	as long as short
Lighter WTI	0.0000%	1h	93.542	−0.026%	$11.3M	$9.7M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.521	−0.048%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.560	−0.007%	$26.8M	$79.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.522	−0.048%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.440	−0.135%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.546	−0.022%	$19K	$240K	10x	as long as short
Paradex CL-USD-PERP	0.0000%	8h	93.468	−0.105%	$16K	$367	5x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.094	−0.505%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	93.590	+0.025%	$1.9M	$14.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.470	−0.103%	$741K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.500	−0.071%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.505	−0.066%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.545	−0.023%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.490	−0.082%	$332K	$572K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.509	−0.062%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.460	−0.114%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.513	−0.057%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0179%	4h	93.400	−0.178%	$4.1M	$969K	50x	as long as short
Injective WTI/USDC PERPshort	+0.0220%	1h	102.82	+9.889%	$19K	$11K	30x
GMX WTIOIL/USD [ETH-USDC]	L +0.0251% / S −0.0185%	1h	93.545	−0.023%	$84K	—	111x	as long as short