Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.027%

Price spread now: tradeXYZ against Aster+0.015%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 7 days−0.057%−$6 · spread now +0.015%, 7d avg −0.032%

Together, before fees−0.020%+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and tradeXYZ is 0.046% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.032%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.038% in total (about 2.0% a year). A funding rate is set anew for every payment. 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	93.087	−0.0253	get 0.0126% / 4h	4m 17s	$24.8M	$62.2M	20x
Short	tradeXYZ xyz:CL	93.101	−0.0017	pay 0.0002% / 1h	4m 17s	$184.3M	$196.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.015%Rate

Funding earned: $49.51
Price spread: +0.015% → −0.032%: $4.62
Slippage, 4 orders: −$2.07
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $26.07
Costs to cover: 0.281%
Break-even: 3.3 days

Slippage from Aster: live order book, 5 min ago; tradeXYZ: live order book, 6 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, 5 min ago	0.54 bp	4.5 bp −$5	4.9 bp −$49	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 6 min ago	0.11 bp	9.5 bp −$9	10.4 bp −$104	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	−0.0609%	1h	93.040	−0.051%	$194K	$398K	15x	as long as short
Aster CLUSD1long	−0.0253%	4h	93.087	long leg	$24.8M	$62.2M	20x
GRVT CL_USDT_Perp	−0.0218%	4h	93.231	+0.154%	$75K	$634K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0210%	1h	93.097	+0.011%	$273K	$924K	25x	as long as short
Binance CLUSDT	−0.0140%	4h	93.040	−0.050%	$246.3M	$922.9M	100x	as long as short
Gate CL_USDT	−0.0138%	8h	93.030	−0.062%	$23.2M	$50.8M	100x	as long as short
Variational Omni CL	−0.0130%	4h	93.192	+0.113%	$13.6M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0109%	1h	93.206	+0.127%	$954K	$613K	10x	as long as short
Bitget CLUSDT	−0.0102%	4h	93.053	−0.037%	$42.2M	$41.4M	100x	as long as short
Aftermath Perps WTIUSD	−0.0084%	1h	93.155	+0.073%	$1K	$26K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0069%	4h	93.060	−0.029%	$42.6M	$103.0M	50x	as long as short
edgeX CLUSDC	−0.0042%	4h	93.256	+0.182%	$525K	$324K	30x	as long as short
QFEX CL-USD	−0.0038%	1h	93.110	+0.024%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CLshort	−0.0017%	1h	93.101	+0.015%	$184.3M	$196.5M	20x
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.486%	$405K	$810K	15x	as long as short
Lighter WTI	−0.0008%	1h	93.045	−0.046%	$11.2M	$9.2M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0004%	1h	93.090	+0.003%	$3.6M	$5.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.133	+0.049%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.070	−0.019%	$27.0M	$79.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.144	+0.061%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.240	+0.164%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.053	−0.037%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.653	−0.467%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0011%	8h	93.108	+0.022%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.110	+0.024%	$1.7M	$15.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.210	+0.132%	$736K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.130	+0.046%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.093	+0.006%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.075	−0.013%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.130	+0.045%	$347K	$589K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.101	+0.015%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.290	+0.218%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.056	−0.034%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0168%	4h	93.180	+0.099%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.718%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0261% / S −0.0179%	1h	93.085	−0.003%	$90K	—	111x	as long as short