Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0170%/8h= +18.6% APRpaid last 24h −0.013%

Price spread now: Aster against Deribit+0.011%55s7-day average −0.006% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$210.208% of the position

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.016%−$2 on $10k

Price spread, last 3 days (all we have)+0.005%$0 · spread now +0.011%, 7d avg −0.006%

Together, before fees−0.011%+ Points / potential airdropAster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WTIOIL_USDC-PERPETUAL	92.730	−0.0504	get 0.0063% / 1h	42m 20s	$198K	$366K	15x
Short	Aster CLUSD1	92.740	−0.0335	pay 0.0167% / 4h	2h 42m	$23.9M	$74.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now +0.011%Rate

Funding earned: $35.64
Price spread: +0.011% → −0.006%: $1.63
Slippage, 4 orders: −$5.85
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: $16.43
Costs to cover: 0.208%
Break-even: 3.8 days

Slippage from Deribit: live order book, 26 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 Deribit live order book, 26 min ago	0.54 bp	7.7 bp −$8	9.4 bp −$94	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	0.54 bp	4.5 bp −$5	4.5 bp −$45	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-PERPETUALlong	−0.0504%	1h	92.730	long leg	$198K	$366K	15x
Aster CLUSD1short	−0.0335%	4h	92.740	+0.011%	$23.9M	$74.8M	20x
GRVT CL_USDT_Perp	−0.0310%	4h	92.743	+0.014%	$50K	$632K	25x	as long as short
Binance CLUSDT	−0.0276%	4h	92.750	+0.022%	$244.5M	$997.8M	100x	as long as short
Variational Omni CL	−0.0272%	4h	92.751	+0.022%	$13.3M	$11.2M	—	as long as short
Gate CL_USDT	−0.0163%	8h	92.690	−0.043%	$20.9M	$52.9M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0070%	1h	92.730	0.000%	$3.5M	$5.8M	20x	as long as short
tradeXYZ xyz:CL	−0.0064%	1h	92.739	+0.010%	$185.2M	$225.1M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.030	−0.755%	$399K	$942K	15x	as long as short
Nado WTI-PERP	−0.0040%	1h	92.768	+0.041%	$934K	$680K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.796	+0.071%	$275K	$875K	25x	as long as short
QFEX CL-USD	−0.0033%	1h	92.700	−0.032%	$2.5M	$1.7M	10x	as long as short
OKX CL-USDT-SWAP	−0.0012%	4h	92.770	+0.043%	$42.8M	$106.4M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.754	+0.026%	$8K	$3K	5x	as long as short
Extended WTI-USD	0.0000%	1h	92.760	+0.032%	$2.1M	$25.1M	10x	as long as short
Bybit CLUSDT	0.0000%	8h	92.776	+0.050%	$26.4M	$83.2M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.743	+0.014%	$42.0M	$46.0M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.790	+0.065%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.733	+0.003%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.309	−0.454%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0022%	8h	92.723	−0.007%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.723	−0.008%	$11.2M	$10.1M	20x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.824	+0.101%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.350	−0.410%	$726K	$3.0M	40x	as long as short
edgeX CLUSDC	+0.0041%	4h	92.772	+0.045%	$533K	$300K	30x	as long as short
Vest CL-PERP	+0.0046%	1h	92.760	+0.032%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.728	−0.002%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.757	+0.029%	$2.1M	$61K	20x	as long as short
Aftermath Perps WTIUSD	+0.0058%	1h	92.784	+0.058%	$2K	$28K	5x	as long as short
KuCoin CLUSDTM	+0.0070%	4h	92.788	+0.063%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.733	+0.003%	$331K	$616K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.740	+0.011%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.721	−0.010%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.745	+0.016%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.93	+9.925%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0228%	4h	92.730	0.000%	$4.0M	$1.2M	50x	as long as short