Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.022%

Price spread now: Gate against Aster−0.087%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.435%−$43 on $10k

Price spread, last 7 days−0.023%−$2 · spread now −0.087%, 7d avg −0.084%

Together, before fees−0.458%+ Points / potential airdropAster: Stage 5 · farm board−$46 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.084%, 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 −0.435%, 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	92.080	−0.0100	get 0.0050% / 4h	1h 19m	$24.0M	$78.4M	20x
Short	Gate CL_USDT	92.000	0	get 0.0000% / 8h	1h 19m	$21.3M	$59.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.087%Rate

Funding earned: $20.99
Price spread: −0.087% → −0.084%: −$0.26
Slippage, 4 orders: −$5.09
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$7.36
Costs to cover: 0.281%
Break-even: 9.5 days

Slippage from Aster: live order book, 4 min ago; Gate: live order book, 4 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, 4 min ago	0.54 bp	4.5 bp −$5	5.3 bp −$53	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.09 bp	9.2 bp −$9	14.1 bp −$141	27.3 bp −$2,731	33.0 bp −$16.5K

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
Lighter WTI	−0.0312%	1h	91.949	−0.142%	$11.0M	$11.3M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0293%	1h	91.990	−0.098%	$95K	$220K	15x	as long as short
Aftermath Perps WTIUSD	−0.0184%	1h	91.966	−0.124%	$2K	$30K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0173%	1h	91.950	−0.141%	$3.5M	$6.4M	20x	as long as short
Nado WTI-PERP	−0.0169%	1h	92.054	−0.028%	$923K	$747K	10x	as long as short
tradeXYZ xyz:CL	−0.0145%	1h	91.997	−0.090%	$185.1M	$279.8M	20x	as long as short
GRVT CL_USDT_Perp	−0.0144%	4h	91.880	−0.217%	$58K	$715K	25x	as long as short
Bullet WTIOIL-USD	−0.0128%	1h	91.970	−0.120%	$18K	$240K	10x	as long as short
Paradex CL-USD-PERP	−0.0105%	8h	91.962	−0.128%	$15K	$367	5x	as long as short
Aster CLUSD1long	−0.0100%	4h	92.080	long leg	$24.0M	$78.4M	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps WTIOIL-USD	−0.0007%	1h	91.985	−0.103%	$1.6M	$1.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.024	−0.061%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	92.051	−0.032%	$245.7M	$1.12B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	92.080	0.000%	$25.4M	$97.5M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.040	−0.043%	$43.3M	$114.2M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.960	−0.130%	$2.4M	$2.6M	10x	as long as short
Gate CL_USDTshort	0.0000%	8h	92.000	−0.087%	$21.3M	$59.2M	100x
Bitget CLUSDT	0.0000%	4h	91.987	−0.101%	$42.0M	$53.7M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.944	−0.148%	$13.4M	$13.4M	—	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.568	−0.556%	$4K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.960	−0.130%	$37K	$99K	20x	as long as short
StandX CL-USD	+0.0016%	1h	91.940	−0.152%	$723K	$3.0M	40x	as long as short
Extended WTI-USD	+0.0016%	1h	92.050	−0.033%	$2.0M	$28.9M	10x	as long as short
Vest CL-PERP	+0.0046%	1h	92.080	0.000%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.971	−0.118%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0090%	4h	91.918	−0.176%	$529K	$341K	30x	as long as short
Pacifica CL	+0.0100%	1h	91.982	−0.106%	$332K	$579K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.053	−0.029%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	91.870	−0.228%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.950	−0.142%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	91.920	−0.174%	$397K	$1.2M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	100.99	+9.680%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	91.975	−0.114%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.950	−0.141%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0450%	1h	91.996	−0.091%	$260K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	92.102	+0.023%	$3.2M	$2.7M	20x	as long as short