Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0261%/8h= −28.5% APRpaid last 24h −0.038%

Price spread now: Aster against gTrade (Gains Network)+0.503%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 1 day (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 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.503% dearer against gTrade (Gains Network) than usual: you sell high and buy low (spread +0.503% now, against zero (this spread has no 7-day history yet)): +$50 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 6.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WTI/USD	92.753	L 0.0000% / S +0.0036%	pay 0.0000% / 1h	17m 03s	$5K	—	150x
Short	Aster CLUSD1	93.220	−0.0260	pay 0.0130% / 4h	3h 17m	$24.3M	$66.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now +0.503%Rate

Funding earned: −$54.73
Price spread: +0.503% → 0.000%: $50.35
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$20.38
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; Aster: live order book, 2 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
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

gTrade (Gains Network): 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	−0.0608%	1h	93.160	+0.439%	$199K	$370K	15x	as long as short
GRVT CL_USDT_Perp	−0.0326%	4h	93.123	+0.398%	$54K	$645K	25x	as long as short
Aster CLUSD1short	−0.0260%	4h	93.220	+0.503%	$24.3M	$66.0M	20x
Binance CLUSDT	−0.0186%	4h	93.200	+0.482%	$246.0M	$940.1M	100x	as long as short
Variational Omni CL	−0.0167%	4h	93.119	+0.394%	$13.3M	$10.9M	—	as long as short
Ondo Perps WTI-USD.P	−0.0134%	1h	93.150	+0.428%	$3.5M	$5.4M	20x	as long as short
Bitget CLUSDT	−0.0132%	4h	93.189	+0.470%	$42.0M	$43.2M	100x	as long as short
Aftermath Perps WTIUSD	−0.0127%	1h	93.207	+0.489%	$2K	$27K	5x	as long as short
Nado WTI-PERP	−0.0118%	1h	93.281	+0.569%	$965K	$630K	10x	as long as short
Gate CL_USDT	−0.0067%	8h	93.130	+0.406%	$21.3M	$51.5M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.208	+0.491%	$281K	$958K	25x	as long as short
OKX CL-USDT-SWAP	−0.0059%	4h	93.180	+0.460%	$42.6M	$102.8M	50x	as long as short
tradeXYZ xyz:CL	−0.0055%	1h	93.195	+0.477%	$184.5M	$217.7M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	+0.439%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.190	+0.471%	$2.3M	$1.9M	10x	as long as short
Paradex CL-USD-PERP	−0.0027%	8h	93.207	+0.490%	$16K	$367	5x	as long as short
edgeX CLUSDC	−0.0025%	4h	93.146	+0.423%	$524K	$306K	30x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.260	+0.547%	$37K	$41K	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.255	+0.541%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.203	+0.485%	$26.8M	$80.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.256	+0.543%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.192	+0.474%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USDlong	L 0.0000% / S +0.0036%	1h	92.753	long leg	$5K	—	150x
KuCoin CLUSDTM	+0.0004%	4h	93.238	+0.523%	$7.1M	$2.4M	50x	as long as short
Lighter WTI	+0.0008%	1h	93.189	+0.470%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0008%	1h	93.235	+0.520%	$2.0M	$18.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.180	+0.460%	$737K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.210	+0.493%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.198	+0.480%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.185	+0.466%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.212	+0.495%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.250	+0.536%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.180	+0.460%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0181%	4h	93.180	+0.460%	$4.0M	$999K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.37	+10.369%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0223% / S −0.0151%	1h	93.195	+0.477%	$81K	—	111x	as long as short