Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0304%/8h= +33.3% APRpaid last 24h +0.055%

Price spread now: SoDEX against Aster−0.043%7-day average −0.020% · 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−$49as in the Price arb table

costs, in and out, $10k−$470.472% of the position

Long on Aster Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.098%+$10 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now −0.043%, 7d avg −0.020%

Together, before fees+0.100%+ Points / potential airdropAster: Stage 5 · farm board+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.023% cheaper against Aster than usual: you would sell low and buy high (spread −0.043% now, against its 7-day average of −0.020%). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$9 a day). At the pace of the last 3 days (+0.098% in total) that is about 20 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.098% in total (about 10.2% 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	93.238	−0.0254	get 0.0127% / 4h	5m 11s	$24.8M	$62.1M	20x
Short	SoDEX CL-USD	93.198	0.0050	get 0.0006% / 1h	5m 11s	$2.1M	$62K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.043%Rate

Funding earned: $63.86
Price spread: −0.043% → −0.020%: −$2.3
Slippage, 4 orders: −$31.16
Fee Aster: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $14.4
Costs to cover: 0.472%
Break-even: 5.4 days

Slippage from Aster: live order book, 4 min ago; SoDEX: 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	4.9 bp −$49	doesn't fit	doesn't fit
Sell SoDEX live order book, 4 min ago	0.54 bp	18.4 bp −$18	96.7 bp −$967	doesn't fit	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	−0.0501%	1h	93.170	−0.073%	$194K	$398K	15x	as long as short
Aster CLUSD1long	−0.0254%	4h	93.238	long leg	$24.8M	$62.1M	20x
GRVT CL_USDT_Perp	−0.0218%	4h	93.231	−0.008%	$75K	$634K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0209%	1h	93.196	−0.045%	$274K	$925K	25x	as long as short
Binance CLUSDT	−0.0141%	4h	93.197	−0.044%	$246.7M	$922.5M	100x	as long as short
Gate CL_USDT	−0.0138%	8h	93.130	−0.115%	$23.2M	$50.7M	100x	as long as short
Variational Omni CL	−0.0130%	4h	93.192	−0.049%	$13.6M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0109%	1h	93.222	−0.017%	$954K	$613K	10x	as long as short
Bitget CLUSDT	−0.0102%	4h	93.200	−0.040%	$42.2M	$41.4M	100x	as long as short
Aftermath Perps WTIUSD	−0.0084%	1h	93.157	−0.086%	$1K	$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	−0.0070%	4h	93.200	−0.040%	$42.6M	$103.2M	50x	as long as short
edgeX CLUSDC	−0.0042%	4h	93.256	+0.020%	$525K	$324K	30x	as long as short
QFEX CL-USD	−0.0038%	1h	93.150	−0.094%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CL	−0.0016%	1h	93.201	−0.039%	$184.4M	$196.4M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.324%	$405K	$810K	15x	as long as short
Lighter WTI	−0.0008%	1h	93.188	−0.053%	$11.2M	$9.2M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0006%	1h	93.140	−0.105%	$3.6M	$5.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.210	−0.029%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.214	−0.025%	$27.0M	$79.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.201	−0.039%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.240	+0.003%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.204	−0.036%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.755	−0.518%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0011%	8h	93.142	−0.103%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.230	−0.008%	$1.7M	$15.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.260	+0.024%	$739K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.190	−0.051%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.168	−0.075%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USDshort	+0.0050%	1h	93.198	−0.043%	$2.1M	$62K	20x
Pacifica CL	+0.0100%	1h	93.180	−0.062%	$347K	$589K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.201	−0.039%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.290	+0.056%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.174	−0.068%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0168%	4h	93.180	−0.062%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.542%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0261% / S −0.0208%	1h	93.185	−0.056%	$84K	—	111x	as long as short