Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h −0.027%

Price spread now: Aster against Aftermath Perps+0.102%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 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 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.102% dearer against Aftermath Perps than usual: you sell high and buy low, +$10 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps WTIUSD	91.865	0.0003	pay 0.0000% / 1h	6m 17s	$2K	$31K	5x
Short	Aster CLUSD1	91.959	0	get 0.0000% / 4h	2h 06m	$24.5M	$77.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aftermath Perps. 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 Aftermath PerpsbpFee AsterbpOrdersPrice spread, now +0.102%Rate

Funding earned: −$0.67
Price spread: +0.102% → 0.000%: $10.24
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$7.43
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Aster: live order book, 3 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	0.54 bp	4.5 bp −$5	6.2 bp −$62	doesn't fit	doesn't fit

Aftermath Perps: 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 35 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
QFEX CL-USD	−0.0019%	1h	91.930	+0.071%	$2.4M	$2.6M	10x	as long as short
Aster CLUSD1short	0.0000%	4h	91.959	+0.102%	$24.5M	$77.4M	20x
dYdX WTI-USD	0.0000%	1h	91.854	−0.012%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.950	+0.092%	$246.4M	$1.14B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.960	+0.103%	$25.2M	$99.9M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.940	+0.082%	$43.0M	$116.6M	50x	as long as short
Gate CL_USDT	0.0000%	8h	91.900	+0.038%	$21.2M	$63.4M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.929	+0.070%	$42.1M	$67.3M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.913	+0.052%	$13.6M	$16.1M	—	as long as short
GRVT CL_USDT_Perp	0.0000%	4h	91.871	+0.006%	$58K	$774K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet WTIOIL-USD	0.0000%	1h	91.948	+0.090%	$17K	$241K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	91.980	+0.125%	$95K	$260K	15x	as long as short
Aftermath Perps WTIUSDlong	+0.0003%	1h	91.865	long leg	$2K	$31K	5x
Phoenix WTIOIL	+0.0009%	1h	91.990	+0.136%	$33K	$99K	20x	as long as short
Paradex CL-USD-PERP	+0.0012%	8h	91.907	+0.046%	$15K	$367	5x	as long as short
edgeX CLUSDC	+0.0022%	4h	91.866	+0.001%	$528K	$341K	30x	as long as short
Lighter WTI	+0.0032%	1h	91.868	+0.003%	$11.0M	$12.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	91.960	+0.103%	$2.0M	$29.5M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	91.880	+0.016%	$17K	$18K	30x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0040%	1h	91.970	+0.114%	$257K	$1.3M	25x	as long as short
StandX CL-USD	+0.0040%	1h	91.920	+0.060%	$725K	$3.1M	40x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0040%	1h	92.080	+0.234%	$393K	$1.3M	15x	as long as short
Vest CL-PERP	+0.0046%	1h	92.020	+0.169%	—	$243K	10x	as long as short
tradeXYZ xyz:CL	+0.0050%	1h	91.944	+0.086%	$182.5M	$289.8M	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	91.934	+0.075%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.943	+0.085%	$2.0M	$39K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	91.840	−0.027%	$3.5M	$6.5M	20x	as long as short
Pacifica CL	+0.0100%	1h	91.930	+0.071%	$336K	$573K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.928	+0.068%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	91.860	−0.006%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.911	+0.050%	$4K	—	10x	as long as short
Nado WTI-PERP	+0.0183%	1h	91.919	+0.058%	$881K	$788K	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0212% / S −0.0127%	1h	91.955	+0.098%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.910	+0.049%	$4.0M	$1.5M	50x	as long as short
RISEx CL/USDC	+0.0266%	1h	92.076	+0.230%	$3.2M	$2.7M	20x	as long as short