Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0265%/8h= −29.0% APRpaid last 24h −0.026%

Price spread now: Aster against Bybit−0.008%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs+$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$210.212% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.225%+$23 on $10k

Price spread, last 7 days+0.008%+$1 · spread now −0.008%, 7d avg +0.025%

Together, before fees+0.233%+ Points / potential airdropAster: Stage 5 · farm board+$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Aster is 0.033% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.025%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.225%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CLUSDT	92.960	0	get 0.0000% / 8h	5h 07m	$26.6M	$80.8M	150x
Short	Aster CLUSD1	92.953	−0.0265	pay 0.0132% / 4h	1h 07m	$24.0M	$68.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$55.61
Price spread: −0.008% → +0.025%: −$3.28
Slippage, 4 orders: −$2.17
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$80.06
Costs to cover: 0.212%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Aster: 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 Bybit live order book, 2 min ago	0.54 bp	6.1 bp −$6	7.7 bp −$77	14.8 bp −$1,482	85.1 bp −$42.6K
Sell Aster live order book, 2 min ago	0.54 bp	4.5 bp −$5	5.5 bp −$55	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	−0.0610%	1h	92.900	−0.065%	$198K	$369K	15x	as long as short
Aster CLUSD1short	−0.0265%	4h	92.953	−0.008%	$24.0M	$68.1M	20x
GRVT CL_USDT_Perp	−0.0246%	4h	92.885	−0.080%	$53K	$635K	25x	as long as short
Binance CLUSDT	−0.0208%	4h	92.945	−0.016%	$244.6M	$951.8M	100x	as long as short
Variational Omni CL	−0.0197%	4h	92.897	−0.068%	$13.5M	$11.2M	—	as long as short
Ondo Perps WTI-USD.P	−0.0166%	1h	92.900	−0.065%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0149%	1h	93.011	+0.055%	$961K	$655K	10x	as long as short
OKX CL-USDT-SWAP	−0.0081%	4h	92.930	−0.032%	$42.8M	$102.1M	50x	as long as short
Extended WTI-USD	−0.0080%	1h	92.970	+0.011%	$2.1M	$22.1M	10x	as long as short
tradeXYZ xyz:CL	−0.0073%	1h	92.956	−0.004%	$184.5M	$216.7M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSD	−0.0070%	1h	92.913	−0.050%	$2K	$27K	5x	as long as short
Gate CL_USDT	−0.0069%	8h	92.900	−0.065%	$20.9M	$53.2M	100x	as long as short
edgeX CLUSDC	−0.0065%	4h	92.900	−0.065%	$529K	$302K	30x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.226%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.930	−0.032%	$2.5M	$1.7M	10x	as long as short
Bitget CLUSDT	−0.0016%	4h	92.934	−0.028%	$42.1M	$43.5M	100x	as long as short
Lighter WTI	0.0000%	1h	92.945	−0.016%	$11.2M	$10.5M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.937	−0.025%	$8K	$3K	5x	as long as short
Bybit CLUSDTlong	0.0000%	8h	92.960	long leg	$26.6M	$80.8M	150x
Phoenix WTIOIL	0.0000%	1h	92.940	−0.022%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.950	−0.011%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.502	−0.493%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0004%	4h	92.937	−0.025%	$7.1M	$2.4M	50x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	92.940	−0.022%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.880	−0.086%	$733K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.960	0.000%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.958	−0.002%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.925	−0.038%	$2.1M	$60K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	93.037	+0.083%	$3.1M	$2.9M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.952	−0.009%	$331K	$619K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.960	0.000%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.905	−0.059%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.970	+0.010%	$274K	$872K	25x	as long as short
BloFin CL-USDT	+0.0162%	4h	92.930	−0.032%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.935	−0.027%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.10	+9.830%	$19K	$11K	30x	as long as short