Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0498%/8h= +54.6% APRpaid last 24h +0.081%

Price spread now: Injective against Aster+10.252%77s7-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 Injective

What this pair did over the last

the charts below follow

Funding, last 4 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 +$15 a day on $10k at the current rate, and Injective is 10.252% dearer against Aster than usual: you sell high and buy low: +$1,025 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 77 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	92.923	−0.0278	get 0.0139% / 4h	17m 56s	$24.7M	$63.4M	20x
Short	Injective WTI/USDC PERP	102.45	0.0220	get 0.0028% / 1h	17m 56s	$19K	$11K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +10.252%Rate

Funding earned: $104.65
Price spread: +10.252% → 0.000%: $1,025.22
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,121.84
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: live order book, 6 min ago; Injective: 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, 6 min ago	0.54 bp	4.5 bp −$5	4.8 bp −$48	39.8 bp −$3,979	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0503%	1h	92.900	−0.025%	$194K	$396K	15x	as long as short
Aster CLUSD1long	−0.0278%	4h	92.923	long leg	$24.7M	$63.4M	20x
GRVT CL_USDT_Perp	−0.0246%	4h	92.920	−0.004%	$77K	$622K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0210%	1h	92.963	+0.043%	$275K	$930K	25x	as long as short
Binance CLUSDT	−0.0156%	4h	92.900	−0.025%	$246.6M	$923.3M	100x	as long as short
Variational Omni CL	−0.0144%	4h	92.909	−0.016%	$13.5M	$10.7M	—	as long as short
Gate CL_USDT	−0.0135%	8h	92.830	−0.100%	$23.0M	$50.1M	100x	as long as short
Bitget CLUSDT	−0.0120%	4h	92.889	−0.037%	$42.2M	$41.6M	100x	as long as short
Nado WTI-PERP	−0.0110%	1h	93.024	+0.108%	$954K	$618K	10x	as long as short
Aftermath Perps WTIUSD	−0.0097%	1h	92.977	+0.058%	$2K	$26K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0081%	4h	92.870	−0.057%	$42.6M	$102.8M	50x	as long as short
edgeX CLUSDC	−0.0057%	4h	92.965	+0.045%	$523K	$305K	30x	as long as short
QFEX CL-USD	−0.0038%	1h	92.990	+0.072%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CL	−0.0020%	1h	92.884	−0.042%	$183.9M	$198.0M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0017%	1h	92.940	+0.018%	$3.6M	$5.3M	20x	as long as short
Lighter WTI	−0.0016%	1h	92.910	−0.014%	$11.2M	$9.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.664%	$405K	$810K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	92.986	+0.068%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.905	−0.020%	$26.8M	$79.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.014	+0.098%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.990	+0.072%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.927	+0.004%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.505	−0.450%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0002%	8h	92.968	+0.049%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	92.920	−0.004%	$1.7M	$15.1M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.990	+0.072%	$737K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.970	+0.050%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.967	+0.047%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.922	−0.001%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.996	+0.078%	$347K	$591K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.956	+0.035%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.940	+0.018%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.905	−0.020%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0158%	4h	92.920	−0.004%	$4.1M	$982K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0164% / S −0.0012%	1h	92.955	+0.034%	$80K	—	111x	as long as short
Injective WTI/USDC PERPshort	+0.0220%	1h	102.45	+10.252%	$19K	$11K	30x