Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.017%

Price spread now: Pacifica against Aster−0.002%7-day average −0.028% · you buy dearer than you sell

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

Long on Aster Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.002%, 7d avg −0.028%

Together, before fees−0.035%+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Pacifica is 0.026% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CLUSD1	91.959	0	get 0.0000% / 4h	2h 05m	$24.5M	$77.4M	20x
Short	Pacifica CL	91.957	0.0100	get 0.0013% / 1h	5m 28s	$336K	$573K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.002%Rate

Funding earned: $21
Price spread: −0.002% → −0.028%: $2.58
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $7.58
Costs to cover: 0.160%
Break-even: 4.5 days

Slippage unknown: Aster: live order book, 4 min ago; Pacifica: live order book, 18 min ago. 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	6.6 bp −$7	9.5 bp −$95	doesn't fit	doesn't fit
Sell Pacifica live order book, 18 min ago	0.05 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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	91.940	−0.021%	$2.4M	$2.6M	10x	as long as short
Aster CLUSD1long	0.0000%	4h	91.959	long leg	$24.5M	$77.4M	20x
dYdX WTI-USD	0.0000%	1h	91.937	−0.024%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.970	+0.012%	$246.4M	$1.14B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.950	−0.010%	$25.2M	$99.9M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.930	−0.032%	$43.0M	$116.6M	50x	as long as short
Gate CL_USDT	0.0000%	8h	91.890	−0.075%	$21.2M	$63.4M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.945	−0.015%	$42.1M	$67.3M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.913	−0.050%	$13.6M	$16.1M	—	as long as short
GRVT CL_USDT_Perp	0.0000%	4h	91.871	−0.096%	$58K	$774K	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	91.948	−0.012%	$17K	$241K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	91.980	+0.023%	$95K	$260K	15x	as long as short
Aftermath Perps WTIUSD	+0.0003%	1h	91.865	−0.102%	$2K	$31K	5x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.990	+0.034%	$33K	$99K	20x	as long as short
Paradex CL-USD-PERP	+0.0012%	8h	91.932	−0.029%	$15K	$367	5x	as long as short
edgeX CLUSDC	+0.0022%	4h	91.866	−0.101%	$528K	$341K	30x	as long as short
Lighter WTI	+0.0032%	1h	91.877	−0.089%	$11.0M	$12.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	91.959	0.000%	$2.0M	$29.5M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	91.880	−0.086%	$17K	$18K	30x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0040%	1h	91.970	+0.012%	$257K	$1.3M	25x	as long as short
StandX CL-USD	+0.0040%	1h	91.970	+0.012%	$725K	$3.1M	40x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0040%	1h	92.080	+0.131%	$393K	$1.3M	15x	as long as short
Vest CL-PERP	+0.0046%	1h	92.020	+0.066%	—	$243K	10x	as long as short
tradeXYZ xyz:CL	+0.0050%	1h	91.941	−0.020%	$182.5M	$289.8M	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	91.933	−0.028%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.943	−0.017%	$2.0M	$39K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	91.840	−0.129%	$3.5M	$6.5M	20x	as long as short
Pacifica CLshort	+0.0100%	1h	91.957	−0.002%	$336K	$573K	10x
KuCoin CLUSDTM	+0.0100%	4h	91.924	−0.038%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	91.910	−0.053%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.911	−0.052%	$4K	—	10x	as long as short
Nado WTI-PERP	+0.0181%	1h	91.947	−0.014%	$881K	$788K	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0212% / S −0.0127%	1h	91.955	−0.004%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.910	−0.053%	$4.0M	$1.5M	50x	as long as short
RISEx CL/USDC	+0.0266%	1h	92.072	+0.123%	$3.2M	$2.7M	20x	as long as short