Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0377%/8h= −41.2% APRpaid last 24h −0.040%

Price spread now: Aster against Vest+0.013%47s7-day average +0.880% · you sell dearer than you buy

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

Long on Vest Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.036%−$4 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.013%, 7d avg +0.880%

Together, before fees−0.065%+ Points / potential airdropVest: Active · Aster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Aster is 0.867% cheaper against Vest than usual: you would sell low and buy high (−$87 if the spread goes back to its 7-day average of +0.880%). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.036% in total (about -4.0% 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	Vest CL-PERP	92.740	0.0046	pay 0.0006% / 1h	38m 40s	—	$310K	10x
Short	Aster CLUSD1	92.752	−0.0331	pay 0.0165% / 4h	2h 38m	$23.9M	$74.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Vest. 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 VestbpFee AsterbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$79.09
Price spread: +0.013% → +0.880%: −$86.66
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Aster: 4 bp × 2 orders: −$8
Net: −$175.75
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Aster: live order book, 5 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 Vest no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	0.54 bp	4.5 bp −$5	4.5 bp −$45	doesn't fit	doesn't fit

Vest: 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	−0.0613%	1h	92.660	−0.086%	$198K	$366K	15x	as long as short
Aster CLUSD1short	−0.0331%	4h	92.752	+0.013%	$23.9M	$74.6M	20x
GRVT CL_USDT_Perp	−0.0298%	4h	92.740	0.000%	$50K	$633K	25x	as long as short
Binance CLUSDT	−0.0273%	4h	92.752	+0.013%	$244.3M	$994.0M	100x	as long as short
Variational Omni CL	−0.0266%	4h	92.741	+0.001%	$13.3M	$11.1M	—	as long as short
Gate CL_USDT	−0.0155%	8h	92.700	−0.043%	$20.9M	$53.0M	100x	as long as short
tradeXYZ xyz:CL	−0.0070%	1h	92.752	+0.013%	$185.1M	$221.6M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0063%	1h	92.710	−0.032%	$3.5M	$5.7M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.030	−0.766%	$399K	$939K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.731	−0.010%	$275K	$870K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WTI-PERP	−0.0034%	1h	92.785	+0.049%	$935K	$678K	10x	as long as short
QFEX CL-USD	−0.0033%	1h	92.750	+0.011%	$2.5M	$1.7M	10x	as long as short
OKX CL-USDT-SWAP	−0.0012%	4h	92.760	+0.022%	$42.8M	$106.3M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.754	+0.015%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.771	+0.033%	$26.3M	$83.1M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.759	+0.020%	$41.9M	$45.8M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.790	+0.054%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.704	−0.039%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.253	−0.525%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	92.800	+0.065%	$2.1M	$25.1M	10x	as long as short
Paradex CL-USD-PERP	+0.0022%	8h	92.747	+0.008%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.757	+0.018%	$11.2M	$10.2M	20x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.876	+0.147%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.340	−0.431%	$726K	$3.0M	40x	as long as short
Vest CL-PERPlong	+0.0046%	1h	92.740	long leg	—	$310K	10x
Aftermath Perps WTIUSD	+0.0050%	1h	92.769	+0.031%	$2K	$28K	5x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.716	−0.026%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.690	−0.054%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTM	+0.0068%	4h	92.757	+0.018%	$7.2M	$2.3M	50x	as long as short
edgeX CLUSDC	+0.0069%	4h	92.761	+0.023%	$533K	$297K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.758	+0.019%	$331K	$616K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.800	+0.065%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.661	−0.085%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.675	−0.070%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.93	+9.913%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0228%	4h	92.730	−0.011%	$4.0M	$1.2M	50x	as long as short