Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0348%/8h= +38.1% APRpaid last 24h +0.028%

Price spread now: Paradex against Aster−0.034%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Paradex

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 · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.034% cheaper against Aster than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CLUSD1	92.716	−0.0337	get 0.0169% / 4h	3h 02m	$23.9M	$75.0M	20x
Short	Paradex CL-USD-PERP	92.685	0.0010	get 0.0010% / 8h	7h 02m	$15K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.034%Rate

Funding earned: $73.04
Price spread: −0.034% → 0.000%: −$3.41
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: $57.63
Costs to cover: 0.120%
Break-even: 1.5 days

Slippage unknown: Aster: live order book, 2 min ago; Paradex: 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, 2 min ago	0.54 bp	4.5 bp −$5	5.2 bp −$52	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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
GRVT CL_USDT_Perp	−0.0346%	4h	92.649	−0.073%	$58K	$630K	25x	as long as short
Aster CLUSD1long	−0.0337%	4h	92.716	long leg	$23.9M	$75.0M	20x
Deribit WTIOIL_USDC-PERPETUAL	−0.0289%	1h	92.660	−0.061%	$123K	$274K	15x	as long as short
Binance CLUSDT	−0.0284%	4h	92.680	−0.039%	$244.6M	$1.02B	100x	as long as short
Variational Omni CL	−0.0273%	4h	92.658	−0.063%	$13.3M	$11.5M	—	as long as short
Gate CL_USDT	−0.0186%	8h	92.600	−0.126%	$21.3M	$55.6M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.709	−0.008%	$275K	$912K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0053%	1h	92.670	−0.050%	$3.5M	$5.9M	20x	as long as short
Nado WTI-PERP	−0.0051%	1h	92.754	+0.041%	$935K	$701K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.740%	$399K	$956K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.680	−0.039%	$2.4M	$1.7M	10x	as long as short
tradeXYZ xyz:CL	−0.0032%	1h	92.696	−0.022%	$186.0M	$233.6M	20x	as long as short
OKX CL-USDT-SWAP	−0.0002%	4h	92.670	−0.050%	$42.9M	$108.5M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.742	+0.027%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.681	−0.038%	$26.4M	$88.0M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.823	+0.115%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.668	−0.052%	$42.1M	$47.9M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.680	−0.039%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.704	−0.013%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.246	−0.507%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	92.710	−0.007%	$2.3M	$25.6M	10x	as long as short
Paradex CL-USD-PERPshort	+0.0010%	8h	92.685	−0.034%	$15K	$367	5x
Lighter WTI	+0.0024%	1h	92.711	−0.006%	$11.2M	$10.3M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.370	−0.374%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.730	+0.015%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.716	0.000%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.679	−0.040%	$2.1M	$59K	20x	as long as short
edgeX CLUSDC	+0.0067%	4h	92.621	−0.103%	$533K	$299K	30x	as long as short
KuCoin CLUSDTM	+0.0078%	4h	92.712	−0.005%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.706	−0.011%	$354K	$605K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.740	+0.025%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.646	−0.076%	$4K	—	10x	as long as short
Aftermath Perps WTIUSD	+0.0120%	1h	92.700	−0.017%	$2K	$28K	5x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.675	−0.045%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.69	+9.679%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.640	−0.082%	$4.0M	$1.2M	50x	as long as short