Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0269%/8h= +29.4% APRpaid last 24h +0.007%

Price spread now: Aster against Deribit+0.038%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$170.171% of the position

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.005%$0 on $10k

Price spread, last 4 days (all we have)+0.359%+$36 · spread now +0.038%, 7d avg −0.001%

Together, before fees+0.364%+ Points / potential airdropAster: Stage 5 · farm board+$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Aster is 0.039% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.001%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.005% in total (about 0.4% 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	Deribit WTIOIL_USDC-PERPETUAL	92.890	−0.0503	get 0.0063% / 1h	41m 55s	$188K	$408K	15x
Short	Aster CLUSD1	92.925	−0.0234	pay 0.0117% / 4h	3h 41m	$24.7M	$61.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now +0.038%Rate

Funding earned: $56.45
Price spread: +0.038% → −0.001%: $3.87
Slippage, 4 orders: −$2.15
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: $43.17
Costs to cover: 0.171%
Break-even: 1.6 days

Slippage from Deribit: live order book, 57 min ago; Aster: live order book, 2 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 Deribit live order book, 57 min ago	0.54 bp	4.0 bp −$4	6.2 bp −$62	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	0.54 bp	4.5 bp −$5	4.5 bp −$45	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-PERPETUALlong	−0.0503%	1h	92.890	long leg	$188K	$408K	15x
Kraken Futures PF_WTIOILUSD	−0.0313%	1h	92.969	+0.085%	$270K	$930K	25x	as long as short
Aster CLUSD1short	−0.0234%	4h	92.925	+0.038%	$24.7M	$61.1M	20x
GRVT CL_USDT_Perp	−0.0202%	4h	92.962	+0.078%	$74K	$614K	25x	as long as short
Gate CL_USDT	−0.0168%	8h	92.870	−0.022%	$23.4M	$49.2M	100x	as long as short
Binance CLUSDT	−0.0135%	4h	92.895	+0.005%	$246.1M	$930.6M	100x	as long as short
Variational Omni CL	−0.0120%	4h	92.980	+0.097%	$13.6M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0105%	1h	93.047	+0.169%	$952K	$609K	10x	as long as short
Bitget CLUSDT	−0.0088%	4h	92.902	+0.013%	$42.0M	$41.7M	100x	as long as short
Aftermath Perps WTIUSD	−0.0072%	1h	93.005	+0.124%	$2K	$27K	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	−0.0054%	4h	92.880	−0.011%	$42.6M	$103.1M	50x	as long as short
tradeXYZ xyz:CL	−0.0029%	1h	92.938	+0.052%	$184.3M	$196.4M	20x	as long as short
QFEX CL-USD	−0.0026%	1h	93.000	+0.118%	$2.3M	$2.4M	10x	as long as short
edgeX CLUSDC	−0.0020%	4h	92.998	+0.116%	$542K	$343K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.042	+0.164%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.913	+0.025%	$27.5M	$80.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.013	+0.132%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.950	+0.065%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.502	−0.418%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	93.020	+0.140%	$37K	$39K	20x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	92.962	+0.078%	$16K	$367	5x	as long as short
Ondo Perps WTI-USD.P	+0.0010%	1h	92.950	+0.065%	$3.6M	$5.3M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	93.160	+0.291%	$404K	$794K	15x	as long as short
Lighter WTI	+0.0032%	1h	92.920	+0.032%	$11.3M	$8.7M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.920	+0.032%	$1.7M	$14.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.020	+0.140%	$733K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.970	+0.086%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.989	+0.107%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.920	+0.032%	$2.1M	$64K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.993	+0.111%	$347K	$586K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.931	+0.044%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.960	+0.075%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.900	+0.010%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S 0.0000%	1h	92.935	+0.048%	$85K	—	111x	as long as short
BloFin CL-USDT	+0.0183%	4h	93.020	+0.140%	$4.1M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.952%	$19K	$5K	30x	as long as short