Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0157%/8h= −17.2% APRpaid last 24h −0.011%

Price spread now: Aster against dYdX−0.052%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Aster is 0.052% cheaper against dYdX than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX WTI-USD	92.108	0	get 0.0000% / 1h	5m 06s	$8K	$3K	5x
Short	Aster CLUSD1	92.060	−0.0157	pay 0.0079% / 4h	1h 05m	$24.0M	$77.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against dYdX. 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 dYdXbpFee AsterbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$33.04
Price spread: −0.052% → 0.000%: −$5.17
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$56.21
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Aster: live order book, 4 min ago. Net counts fees only.

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 dYdX no order-book sample	—	—	—	—	—
Sell Aster live order book, 4 min ago	0.54 bp	5.0 bp −$5	5.6 bp −$56	doesn't fit	doesn't fit

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Lighter WTI	−0.0264%	1h	92.036	−0.078%	$11.1M	$11.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0214%	4h	91.989	−0.129%	$58K	$715K	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0184%	1h	92.050	−0.063%	$96K	$189K	15x	as long as short
Nado WTI-PERP	−0.0160%	1h	92.095	−0.014%	$923K	$746K	10x	as long as short
Aster CLUSD1short	−0.0157%	4h	92.060	−0.052%	$24.0M	$77.6M	20x
Ondo Perps WTI-USD.P	−0.0152%	1h	92.030	−0.084%	$3.5M	$6.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0130%	1h	92.062	−0.050%	$185.6M	$278.2M	20x	as long as short
Bullet WTIOIL-USD	−0.0098%	1h	92.037	−0.077%	$19K	$241K	10x	as long as short
Paradex CL-USD-PERP	−0.0097%	8h	92.012	−0.104%	$15K	$367	5x	as long as short
Aftermath Perps WTIUSD	−0.0080%	1h	92.041	−0.073%	$2K	$29K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CLUSDT	−0.0060%	4h	92.053	−0.059%	$244.8M	$1.11B	100x	as long as short
Variational Omni CL	−0.0035%	4h	92.003	−0.114%	$13.4M	$13.3M	—	as long as short
Gate CL_USDT	−0.0010%	8h	91.990	−0.128%	$21.3M	$59.6M	100x	as long as short
dYdX WTI-USDlong	0.0000%	1h	92.108	long leg	$8K	$3K	5x
Bybit CLUSDT	0.0000%	8h	92.077	−0.033%	$25.5M	$95.6M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.040	−0.073%	$43.1M	$113.2M	50x	as long as short
QFEX CL-USD	0.0000%	1h	92.020	−0.095%	$2.4M	$2.6M	10x	as long as short
Bitget CLUSDT	0.0000%	4h	92.035	−0.079%	$42.1M	$52.1M	100x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.617	−0.533%	$4K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.060	−0.052%	$37K	$99K	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0012%	1h	92.038	−0.076%	$1.6M	$1.4M	20x	as long as short
edgeX CLUSDC	+0.0016%	4h	92.024	−0.090%	$529K	$335K	30x	as long as short
Extended WTI-USD	+0.0032%	1h	92.090	−0.019%	$2.0M	$28.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.000	−0.117%	$723K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.090	−0.019%	—	$308K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.032	−0.082%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.045	−0.068%	$332K	$578K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.058	−0.054%	$7.2M	$2.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.010	−0.106%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.017	−0.098%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	92.030	−0.084%	$399K	$1.1M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	101.16	+9.827%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	92.035	−0.079%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.000	−0.117%	$4.0M	$1.4M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0450%	1h	92.052	−0.061%	$275K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	92.153	+0.049%	$3.3M	$2.7M	20x	as long as short