Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h +0.022%

Price spread now: Kraken Futures against Aster+0.021%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$290.285% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.257%−$26 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.021%, 7d avg +0.001%

Together, before fees−0.274%+ Points / potential airdropAster: Stage 5 · farm board−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.020% dearer against Aster than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.001%. Mind the row above: over the last 7 days funding on this pair cost −0.257%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CLUSD1	93.685	−0.0273	get 0.0136% / 4h	1h 26m	$24.6M	$65.2M	20x
Short	Kraken Futures PF_WTIOILUSD	93.705	−0.0137	pay 0.0017% / 1h	26m 40s	$283K	$960K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.021%Rate

Funding earned: $28.49
Price spread: +0.021% → +0.001%: $2
Slippage, 4 orders: −$10.53
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $1.96
Costs to cover: 0.285%
Break-even: 6.5 days

Slippage from Aster: live order book, 2 min ago; Kraken Futures: live order book, 22 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, 2 min ago	0.53 bp	5.0 bp −$5	7.1 bp −$71	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 22 min ago	2.08 bp	9.7 bp −$10	19.4 bp −$194	doesn't fit	doesn't fit

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	−0.0497%	1h	93.670	−0.016%	$197K	$383K	15x	as long as short
Aster CLUSD1long	−0.0273%	4h	93.685	long leg	$24.6M	$65.2M	20x
GRVT CL_USDT_Perp	−0.0256%	4h	93.654	−0.034%	$58K	$618K	25x	as long as short
Binance CLUSDT	−0.0148%	4h	93.662	−0.025%	$247.1M	$917.0M	100x	as long as short
Aftermath Perps WTIUSD	−0.0143%	1h	93.649	−0.039%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSDshort	−0.0137%	1h	93.705	+0.021%	$283K	$960K	25x
Variational Omni CL	−0.0135%	4h	93.659	−0.028%	$13.5M	$10.6M	—	as long as short
Ondo Perps WTI-USD.P	−0.0116%	1h	93.620	−0.070%	$3.5M	$5.3M	20x	as long as short
Gate CL_USDT	−0.0108%	8h	93.580	−0.112%	$22.5M	$49.4M	100x	as long as short
Bitget CLUSDT	−0.0102%	4h	93.647	−0.041%	$42.3M	$42.1M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0075%	1h	93.655	−0.032%	$185.2M	$207.0M	20x	as long as short
Nado WTI-PERP	−0.0055%	1h	93.717	+0.034%	$966K	$621K	10x	as long as short
edgeX CLUSDC	−0.0042%	4h	93.616	−0.074%	$526K	$305K	30x	as long as short
QFEX CL-USD	−0.0023%	1h	93.650	−0.038%	$2.3M	$2.5M	10x	as long as short
OKX CL-USDT-SWAP	−0.0018%	4h	93.630	−0.059%	$43.0M	$101.8M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.198%	$404K	$916K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.640	−0.048%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.660	−0.027%	$27.0M	$79.0M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.728	+0.045%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.690	+0.005%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.688	+0.003%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.182	−0.537%	$5K	—	150x	as long as short
Lighter WTI	+0.0016%	1h	93.661	−0.026%	$11.3M	$9.6M	20x	as long as short
Paradex CL-USD-PERP	+0.0023%	8h	93.641	−0.047%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.700	+0.016%	$2.0M	$15.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.680	−0.006%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.670	−0.016%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.654	−0.033%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.690	+0.005%	$2.1M	$61K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.665	−0.022%	$333K	$574K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.684	−0.001%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.660	−0.027%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.666	−0.021%	$4K	—	10x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.97	+9.914%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0224%	4h	93.640	−0.048%	$4.0M	$977K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0246% / S −0.0180%	1h	93.695	+0.010%	$84K	—	111x	as long as short