Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0104%/8hnext payment +$0.52 per $10,000 · paid last 24h +0.004%

Price spread now: Bitget against Aster−0.021%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$240.243% of the position

Long on Aster Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.156%−$16 on $10k

Price spread, last 7 days+0.028%+$3 · spread now −0.021%, 7d avg −0.011%

Together, before fees−0.128%+ Points / potential airdropAster: Stage 5 · farm board−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.156%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CLUSD1	92.070	−0.0104	get 0.0052% / 4h	6m 49s	$24.8M	$70.7M	20x
Short	Bitget CLUSDT	92.051	0	get 0.0000% / 4h	6m 49s	$42.6M	$63.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.021%Rate

Funding earned: $21.78
Price spread: −0.021% → −0.011%: −$0.99
Slippage, 4 orders: −$4.27
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$3.48
Costs to cover: 0.243%
Break-even: 8.1 days

Slippage from Aster: live order book, 2 min ago; Bitget: 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 Aster live order book, 2 min ago	0.54 bp	4.5 bp −$5	6.5 bp −$65	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.27 bp	7.3 bp −$7	9.4 bp −$94	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
Aster CLUSD1long	−0.0104%	4h	92.070	long leg	$24.8M	$70.7M	20x
Binance CLUSDT	−0.0099%	4h	92.060	−0.011%	$245.6M	$1.05B	100x	as long as short
Variational Omni CL	−0.0089%	4h	92.005	−0.071%	$13.5M	$16.7M	—	as long as short
Aftermath Perps WTIUSD	−0.0088%	1h	92.063	−0.007%	$2K	$33K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0084%	1h	92.050	−0.022%	$3.5M	$6.3M	20x	as long as short
Nado WTI-PERP	−0.0076%	1h	92.127	+0.062%	$849K	$757K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0076%	1h	92.090	+0.022%	$96K	$470K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0059%	1h	92.106	+0.039%	$266K	$1.3M	25x	as long as short
Lighter WTI	−0.0040%	1h	92.055	−0.016%	$11.1M	$12.5M	20x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0038% / S +0.0036%	1h	91.807	−0.286%	$178K	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0033%	1h	92.078	+0.009%	$183.9M	$287.4M	20x	as long as short
GRVT CL_USDT_Perp	−0.0022%	4h	92.000	−0.076%	$62K	$825K	25x	as long as short
QFEX CL-USD	−0.0022%	1h	92.060	−0.011%	$2.4M	$2.9M	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.109	+0.043%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.081	+0.012%	$25.0M	$95.8M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.060	−0.011%	$43.2M	$112.8M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.188	+0.128%	$3.2M	$2.6M	20x	as long as short
Gate CL_USDT	0.0000%	8h	92.010	−0.065%	$21.1M	$61.9M	100x	as long as short
Bitget CLUSDTshort	0.0000%	4h	92.051	−0.021%	$42.6M	$63.8M	100x
Bullet WTIOIL-USD	0.0000%	1h	92.075	+0.005%	$19K	$247K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.020	−0.054%	$396K	$1.1M	15x	as long as short
edgeX CLUSDC	+0.0001%	4h	92.051	−0.020%	$529K	$349K	30x	as long as short
Paradex CL-USD-PERP	+0.0016%	8h	92.069	−0.001%	$15K	$367	5x	as long as short
Extended WTI-USD	+0.0016%	1h	92.100	+0.033%	$1.9M	$29.3M	10x	as long as short
Phoenix WTIOIL	+0.0026%	1h	92.130	+0.065%	$33K	$99K	20x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	92.595	+0.570%	$18K	$14K	30x	as long as short
StandX CL-USD	+0.0040%	1h	92.140	+0.076%	$727K	$2.7M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.160	+0.098%	—	$243K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.076	+0.007%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.065	−0.005%	$2.0M	$45K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.093	+0.025%	$315K	$542K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.068	−0.002%	$7.4M	$1.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.040	−0.033%	$55K	$272K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.060	−0.011%	$4K	$49	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0204% / S −0.0127%	1h	92.065	−0.005%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.060	−0.011%	$4.1M	$1.5M	50x	as long as short