Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0314%/8h= +34.4% APRpaid last 24h +0.048%

Price spread now: StandX against Aster−0.054%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on Aster Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.142%+$14 on $10k

Price spread, last 7 days+0.053%+$5 · spread now −0.054%, 7d avg −0.048%

Together, before fees+0.195%+ Points / potential airdropAster: Stage 5 · StandX: Active · farm board+$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.048%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.142% in total (about 7.4% 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	93.501	−0.0274	get 0.0137% / 4h	2h 01m	$24.4M	$64.5M	20x
Short	StandX CL-USD	93.450	0.0040	get 0.0005% / 1h	1m 51s	$740K	$2.8M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.054%Rate

Funding earned: $65.89
Price spread: −0.054% → −0.048%: −$0.61
Slippage, 4 orders: −$14.09
Fee Aster: 4 bp × 2 orders: −$8
Fee StandX: 4 bp × 2 orders: −$8
Net: $35.18
Costs to cover: 0.301%
Break-even: 3.3 days

Slippage from Aster: live order book, 2 min ago; StandX: live order book, 2 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, 2 min ago	0.54 bp	4.7 bp −$5	5.5 bp −$55	doesn't fit	doesn't fit
Sell StandX live order book, 2 min ago	5.89 bp	9.9 bp −$10	12.0 bp −$120	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	−0.0285%	1h	93.400	−0.108%	$196K	$377K	15x	as long as short
GRVT CL_USDT_Perp	−0.0274%	4h	93.368	−0.143%	$58K	$629K	25x	as long as short
Aster CLUSD1long	−0.0274%	4h	93.501	long leg	$24.4M	$64.5M	20x
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.432	−0.074%	$285K	$959K	25x	as long as short
Binance CLUSDT	−0.0168%	4h	93.490	−0.012%	$246.5M	$931.1M	100x	as long as short
Variational Omni CL	−0.0163%	4h	93.349	−0.163%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0147%	1h	93.396	−0.113%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0120%	4h	93.476	−0.027%	$42.1M	$42.7M	100x	as long as short
Nado WTI-PERP	−0.0102%	1h	93.432	−0.074%	$971K	$629K	10x	as long as short
Gate CL_USDT	−0.0083%	8h	93.420	−0.087%	$22.1M	$50.5M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0076%	1h	93.445	−0.060%	$184.9M	$212.3M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0075%	1h	93.330	−0.183%	$3.5M	$5.4M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.500	−0.001%	$404K	$931K	15x	as long as short
OKX CL-USDT-SWAP	−0.0035%	4h	93.470	−0.033%	$42.7M	$101.9M	50x	as long as short
QFEX CL-USD	−0.0032%	1h	93.400	−0.108%	$2.3M	$2.5M	10x	as long as short
edgeX CLUSDC	−0.0030%	4h	93.344	−0.168%	$525K	$306K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.405	−0.102%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.494	−0.007%	$27.1M	$79.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.452	−0.052%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.410	−0.097%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.397	−0.111%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.970	−0.568%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0022%	8h	93.362	−0.149%	$16K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	93.420	−0.087%	$11.3M	$10.0M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.480	−0.022%	$2.0M	$16.6M	10x	as long as short
StandX CL-USDshort	+0.0040%	1h	93.450	−0.054%	$740K	$2.8M	40x
Vest CL-PERP	+0.0046%	1h	93.390	−0.119%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.383	−0.126%	$332K	$577K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.386	−0.123%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.413	−0.094%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.472	−0.031%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.440	−0.065%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.387	−0.122%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0203%	4h	93.350	−0.161%	$4.0M	$988K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.64	+9.780%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0241% / S −0.0175%	1h	93.400	−0.108%	$84K	—	111x	as long as short