Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0337%/8h= −36.9% APRpaid last 24h −0.047%

Price spread now: Aster against Extended−0.006%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$150.152% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.182%−$18 on $10k

Price spread, last 7 days+0.071%+$7 · spread now −0.006%, 7d avg +0.046%

Together, before fees−0.112%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Aster is 0.052% cheaper against Extended than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.046%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.182% in total (about -9.5% 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	Extended WTI-USD	93.370	0.0032	pay 0.0004% / 1h	30m 43s	$2.0M	$17.4M	10x
Short	Aster CLUSD1	93.364	−0.0305	pay 0.0153% / 4h	2h 30m	$24.4M	$65.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$70.78
Price spread: −0.006% → +0.046%: −$5.21
Slippage, 4 orders: −$2.25
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$91.24
Costs to cover: 0.152%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Aster: live order book, 3 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 Extended live order book, 3 min ago	0.05 bp	2.7 bp −$3	5.5 bp −$55	23.4 bp −$2,340	doesn't fit
Sell Aster live order book, 3 min ago	0.54 bp	4.5 bp −$5	5.4 bp −$54	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	−0.0607%	1h	93.310	−0.064%	$197K	$373K	15x	as long as short
GRVT CL_USDT_Perp	−0.0330%	4h	93.298	−0.077%	$58K	$639K	25x	as long as short
Aster CLUSD1short	−0.0305%	4h	93.364	−0.006%	$24.4M	$65.2M	20x
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.350	−0.021%	$284K	$962K	25x	as long as short
Binance CLUSDT	−0.0194%	4h	93.350	−0.021%	$246.3M	$931.4M	100x	as long as short
Variational Omni CL	−0.0184%	4h	93.331	−0.042%	$13.3M	$10.8M	—	as long as short
Aftermath Perps WTIUSD	−0.0151%	1h	93.337	−0.035%	$2K	$26K	5x	as long as short
Nado WTI-PERP	−0.0134%	1h	93.397	+0.029%	$966K	$619K	10x	as long as short
Bitget CLUSDT	−0.0134%	4h	93.346	−0.026%	$42.1M	$42.9M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0125%	1h	93.260	−0.118%	$3.5M	$5.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0078%	4h	93.321	−0.053%	$525K	$306K	30x	as long as short
Gate CL_USDT	−0.0075%	8h	93.300	−0.075%	$21.8M	$49.6M	100x	as long as short
tradeXYZ xyz:CL	−0.0070%	1h	93.357	−0.014%	$184.5M	$214.4M	20x	as long as short
OKX CL-USDT-SWAP	−0.0064%	4h	93.350	−0.021%	$42.6M	$102.5M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.225%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.330	−0.043%	$2.3M	$2.3M	10x	as long as short
Lighter WTI	0.0000%	1h	93.351	−0.020%	$11.2M	$9.9M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.410	+0.043%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.380	+0.011%	$27.1M	$79.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.395	+0.026%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.380	+0.011%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.344	−0.027%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.901	−0.502%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0001%	8h	93.328	−0.045%	$16K	$367	5x	as long as short
Extended WTI-USDlong	+0.0032%	1h	93.370	long leg	$2.0M	$17.4M	10x
StandX CL-USD	+0.0040%	1h	93.290	−0.086%	$738K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.350	−0.021%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.349	−0.023%	$332K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.332	−0.041%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.345	−0.027%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0052%	4h	93.366	−0.004%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.400	+0.032%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.310	−0.065%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0175%	4h	93.350	−0.021%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.60	+9.889%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0236% / S −0.0168%	1h	93.345	−0.027%	$84K	—	111x	as long as short