Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0198%/8hnext payment +$0.99 per $10,000 · paid last 24h +0.036%

Price spread now: KuCoin against Aster+0.041%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.120%+$12 on $10k

Price spread, last 7 days−0.046%−$5 · spread now +0.041%, 7d avg 0.000%

Together, before fees+0.074%+ Points / potential airdropAster: Stage 5 · farm board+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and KuCoin is 0.042% dearer against Aster than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of 0.000%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.120% in total (about 6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.99 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CLUSD1	92.005	−0.0098	get 0.0049% / 4h	21m 34s	$24.8M	$70.7M	20x
Short	KuCoin CLUSDTM	92.043	0.0100	get 0.0050% / 4h	21m 34s	$7.4M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.041%Rate

Funding earned: $41.51
Price spread: +0.041% → 0.000%: $4.17
Slippage, 4 orders: −$9.74
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $15.93
Costs to cover: 0.297%
Break-even: 4.3 days

Slippage from Aster: live order book, 2 min ago; KuCoin: live order book, 10 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	0.54 bp	5.6 bp −$6	6.6 bp −$66	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	2.12 bp	10.4 bp −$10	30.2 bp −$302	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
Ondo Perps WTI-USD.P	−0.0102%	1h	91.980	−0.027%	$3.5M	$6.3M	20x	as long as short
Binance CLUSDT	−0.0099%	4h	91.980	−0.027%	$245.2M	$1.05B	100x	as long as short
Aster CLUSD1long	−0.0098%	4h	92.005	long leg	$24.8M	$70.7M	20x
Nado WTI-PERP	−0.0081%	1h	92.076	+0.078%	$843K	$752K	10x	as long as short
Variational Omni CL	−0.0079%	4h	91.945	−0.066%	$13.4M	$16.7M	—	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0076%	1h	92.050	+0.049%	$96K	$470K	15x	as long as short
Aftermath Perps WTIUSD	−0.0075%	1h	92.068	+0.068%	$2K	$33K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0059%	1h	92.076	+0.077%	$267K	$1.3M	25x	as long as short
Lighter WTI	−0.0040%	1h	91.999	−0.006%	$11.1M	$12.5M	20x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0038% / S +0.0036%	1h	91.759	−0.267%	$178K	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT CL_USDT_Perp	−0.0024%	4h	92.060	+0.060%	$58K	$812K	25x	as long as short
QFEX CL-USD	−0.0022%	1h	91.970	−0.038%	$2.4M	$2.8M	10x	as long as short
tradeXYZ xyz:CL	−0.0019%	1h	92.020	+0.016%	$183.3M	$287.1M	20x	as long as short
Bullet WTIOIL-USD	−0.0016%	1h	92.020	+0.017%	$19K	$246K	10x	as long as short
Gate CL_USDT	−0.0008%	8h	91.950	−0.060%	$21.1M	$61.6M	100x	as long as short
dYdX WTI-USD	0.0000%	1h	92.035	+0.032%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	91.988	−0.018%	$24.6M	$95.4M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.980	−0.027%	$43.1M	$112.4M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.091	+0.094%	$3.1M	$2.6M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	91.982	−0.025%	$42.4M	$63.6M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.070	+0.071%	$396K	$1.1M	15x	as long as short
edgeX CLUSDC	+0.0002%	4h	92.028	+0.025%	$529K	$352K	30x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	91.991	−0.015%	$15K	$367	5x	as long as short
Phoenix WTIOIL	+0.0026%	1h	92.020	+0.016%	$33K	$99K	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.050	+0.049%	$1.9M	$29.3M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	92.595	+0.641%	$18K	$14K	30x	as long as short
StandX CL-USD	+0.0040%	1h	92.080	+0.082%	$726K	$2.6M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.110	+0.114%	—	$243K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.055	+0.054%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.015	+0.011%	$2.0M	$45K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.013	+0.009%	$315K	$542K	10x	as long as short
KuCoin CLUSDTMshort	+0.0100%	4h	92.043	+0.041%	$7.4M	$1.2M	50x
ApeX Omni CLUSDT	+0.0100%	1h	92.000	−0.005%	$55K	$272K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.006	+0.001%	$4K	$49	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0127% / S +0.0033%	1h	92.015	+0.011%	$79K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.030	+0.027%	$4.1M	$1.5M	50x	as long as short