Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0235%/8h= +25.7% APRpaid last 24h +0.032%

Price spread now: QFEX against Aster−0.065%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on Aster Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 7 days+0.041%+$4 · spread now −0.065%, 7d avg −0.035%

Together, before fees+0.040%+ Points / potential airdropAster: Stage 5 · farm board+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.030% cheaper against Aster than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of −0.035%). If the spread goes back, that is −$3 on $10k: about 10 hours of funding at the current rate (+$7 a day).

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.000% in total (about -0.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CLUSD1	92.980	−0.0272	get 0.0136% / 4h	13m 01s	$24.8M	$62.8M	20x
Short	QFEX CL-USD	92.920	−0.0038	pay 0.0005% / 1h	13m 01s	$2.3M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.065%Rate

Funding earned: $49.3
Price spread: −0.065% → −0.035%: −$2.95
Slippage, 4 orders: −$8.23
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: $20.12
Costs to cover: 0.262%
Break-even: 4.1 days

Slippage from Aster: live order book, 6 min ago; QFEX: live order book, 5 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, 6 min ago	1.08 bp	5.1 bp −$5	7.1 bp −$71	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.62 bp	6.6 bp −$7	6.6 bp −$66	8.0 bp −$798	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0503%	1h	92.940	−0.043%	$194K	$397K	15x	as long as short
Aster CLUSD1long	−0.0272%	4h	92.980	long leg	$24.8M	$62.8M	20x
GRVT CL_USDT_Perp	−0.0238%	4h	93.007	+0.029%	$77K	$622K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0210%	1h	92.944	−0.039%	$275K	$929K	25x	as long as short
Binance CLUSDT	−0.0151%	4h	92.915	−0.070%	$246.7M	$922.0M	100x	as long as short
Variational Omni CL	−0.0143%	4h	92.971	−0.010%	$13.5M	$10.7M	—	as long as short
Gate CL_USDT	−0.0135%	8h	92.850	−0.140%	$23.0M	$50.3M	100x	as long as short
Bitget CLUSDT	−0.0116%	4h	92.896	−0.090%	$42.2M	$41.6M	100x	as long as short
Nado WTI-PERP	−0.0111%	1h	92.971	−0.010%	$952K	$616K	10x	as long as short
Aftermath Perps WTIUSD	−0.0100%	1h	92.963	−0.019%	$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	−0.0080%	4h	92.890	−0.097%	$42.6M	$102.6M	50x	as long as short
QFEX CL-USDshort	−0.0038%	1h	92.920	−0.065%	$2.3M	$2.4M	10x
edgeX CLUSDC	−0.0021%	4h	93.014	+0.037%	$523K	$306K	30x	as long as short
tradeXYZ xyz:CL	−0.0020%	1h	92.921	−0.063%	$184.0M	$198.1M	20x	as long as short
Lighter WTI	−0.0016%	1h	92.954	−0.028%	$11.2M	$9.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.602%	$405K	$810K	15x	as long as short
Ondo Perps WTI-USD.P	−0.0013%	1h	92.960	−0.022%	$3.6M	$5.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.993	+0.014%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.933	−0.051%	$26.8M	$79.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.953	−0.029%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.950	−0.032%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.948	−0.035%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.514	−0.501%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0004%	8h	92.911	−0.074%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	92.980	0.000%	$1.7M	$15.1M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.060	+0.086%	$737K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.950	−0.032%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.921	−0.063%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.965	−0.016%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.941	−0.042%	$346K	$591K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.980	0.000%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.990	+0.011%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.932	−0.052%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0159%	4h	92.940	−0.043%	$4.0M	$982K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.845%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0258% / S −0.0205%	1h	93.005	+0.027%	$83K	—	111x	as long as short