Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0260%/8h= +28.4% APRpaid last 24h +0.040%

Price spread now: dYdX against Aster+0.038%49s7-day average — · you sell dearer than you buy

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

Long on Aster Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and dYdX is 0.038% dearer against Aster than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CLUSD1	93.237	−0.0260	get 0.0130% / 4h	3h 45m	$24.1M	$67.0M	20x
Short	dYdX WTI-USD	93.272	0	get 0.0000% / 1h	45m 57s	$8K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.038%Rate

Funding earned: $54.55
Price spread: +0.038% → 0.000%: $3.83
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: $40.38
Costs to cover: 0.180%
Break-even: 1.8 days

Slippage unknown: Aster: live order book, 3 min ago; dYdX: no order-book sample. 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 Aster live order book, 3 min ago	0.54 bp	5.0 bp −$5	5.5 bp −$55	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.0501%	1h	93.170	−0.071%	$199K	$370K	15x	as long as short
Aster CLUSD1long	−0.0260%	4h	93.237	long leg	$24.1M	$67.0M	20x
GRVT CL_USDT_Perp	−0.0192%	4h	93.168	−0.073%	$54K	$658K	25x	as long as short
Binance CLUSDT	−0.0171%	4h	93.206	−0.033%	$245.5M	$943.2M	100x	as long as short
Variational Omni CL	−0.0160%	4h	93.169	−0.073%	$13.4M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0125%	1h	93.244	+0.008%	$965K	$645K	10x	as long as short
Bitget CLUSDT	−0.0122%	4h	93.200	−0.039%	$42.0M	$43.3M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0112%	1h	93.200	−0.039%	$3.5M	$5.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0110%	1h	93.162	−0.080%	$2K	$27K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.195	−0.044%	$268K	$946K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0049%	8h	93.150	−0.093%	$21.0M	$50.8M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.190	−0.050%	$401K	$928K	15x	as long as short
OKX CL-USDT-SWAP	−0.0035%	4h	93.210	−0.028%	$42.7M	$103.0M	50x	as long as short
QFEX CL-USD	−0.0033%	1h	93.180	−0.061%	$2.3M	$1.8M	10x	as long as short
edgeX CLUSDC	−0.0019%	4h	93.176	−0.065%	$524K	$307K	30x	as long as short
KuCoin CLUSDTM	−0.0012%	4h	93.232	−0.005%	$7.1M	$2.4M	50x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.220	−0.018%	$37K	$41K	20x	as long as short
dYdX WTI-USDshort	0.0000%	1h	93.272	+0.038%	$8K	$3K	5x
Bybit CLUSDT	0.0000%	8h	93.233	−0.004%	$27.0M	$80.9M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.270	+0.036%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.173	−0.068%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.734	−0.539%	$5K	—	150x	as long as short
tradeXYZ xyz:CL	+0.0003%	1h	93.220	−0.018%	$184.6M	$218.9M	20x	as long as short
Paradex CL-USD-PERP	+0.0015%	8h	93.182	−0.059%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.206	−0.033%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.250	+0.014%	$2.0M	$19.5M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.170	−0.071%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.210	−0.028%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.193	−0.047%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.195	−0.045%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.202	−0.037%	$331K	$597K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.260	+0.025%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.171	−0.071%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0204%	4h	93.210	−0.028%	$4.0M	$1.0M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0219% / S −0.0147%	1h	93.165	−0.077%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.17	+9.577%	$19K	$11K	30x	as long as short