Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0295%/8h= +32.3% APRpaid last 24h +0.041%

Price spread now: Paradex against Aster−0.037%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Paradex

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 · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.037% cheaper against Aster than usual: you would sell low and buy high (spread −0.037% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 10 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CLUSD1	93.710	−0.0291	get 0.0146% / 4h	56m 29s	$24.7M	$64.6M	20x
Short	Paradex CL-USD-PERP	93.675	0.0003	get 0.0003% / 8h	56m 29s	$16K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.037%Rate

Funding earned: $61.9
Price spread: −0.037% → 0.000%: −$3.68
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: $46.22
Costs to cover: 0.120%
Break-even: 1.8 days

Slippage unknown: Aster: live order book, 3 min ago; Paradex: 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, 3 min ago	0.53 bp	4.5 bp −$5	5.4 bp −$54	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.0390%	1h	93.660	−0.053%	$196K	$389K	15x	as long as short
GRVT CL_USDT_Perp	−0.0308%	4h	93.381	−0.351%	$53K	$607K	25x	as long as short
Aster CLUSD1long	−0.0291%	4h	93.710	long leg	$24.7M	$64.6M	20x
Kraken Futures PF_WTIOILUSD	−0.0208%	1h	93.711	+0.001%	$276K	$966K	25x	as long as short
Binance CLUSDT	−0.0166%	4h	93.680	−0.032%	$247.6M	$921.5M	100x	as long as short
Variational Omni CL	−0.0159%	4h	93.419	−0.311%	$13.4M	$10.7M	—	as long as short
Gate CL_USDT	−0.0126%	8h	93.630	−0.085%	$22.9M	$48.3M	100x	as long as short
Bitget CLUSDT	−0.0124%	4h	93.657	−0.057%	$42.4M	$42.1M	100x	as long as short
Aftermath Perps WTIUSD	−0.0123%	1h	93.564	−0.156%	$2K	$26K	5x	as long as short
Nado WTI-PERP	−0.0090%	1h	93.731	+0.022%	$963K	$629K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0061%	4h	93.655	−0.059%	$527K	$306K	30x	as long as short
OKX CL-USDT-SWAP	−0.0057%	4h	93.690	−0.021%	$42.8M	$103.2M	50x	as long as short
QFEX CL-USD	−0.0038%	1h	93.690	−0.021%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	−0.181%	$405K	$862K	15x	as long as short
Lighter WTI	0.0000%	1h	93.693	−0.018%	$11.3M	$9.1M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.699	−0.011%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.690	−0.021%	$26.9M	$79.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.725	+0.016%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.720	+0.011%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.667	−0.046%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.238	−0.504%	$5K	—	150x	as long as short
Paradex CL-USD-PERPshort	+0.0003%	8h	93.675	−0.037%	$16K	$367	5x
Extended WTI-USD	+0.0032%	1h	93.720	+0.011%	$1.9M	$15.0M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0038%	1h	93.650	−0.064%	$3.7M	$5.4M	20x	as long as short
StandX CL-USD	+0.0040%	1h	93.720	+0.011%	$743K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.670	−0.043%	—	$313K	10x	as long as short
tradeXYZ xyz:CL	+0.0047%	1h	93.715	+0.005%	$185.3M	$205.1M	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.670	−0.043%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.692	−0.019%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.716	+0.006%	$350K	$594K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.739	+0.031%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.480	−0.245%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.679	−0.034%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0183%	4h	93.700	−0.011%	$4.1M	$973K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.83	+9.734%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0251% / S −0.0186%	1h	93.705	−0.005%	$84K	—	111x	as long as short