Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0304%/8h= −33.3% APRpaid last 24h −0.114%

Price spread now: Aster against GMX+0.058%191s7-day average — · you sell dearer than you buy

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

Long on GMX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Aster is 0.058% dearer against GMX than usual: you sell high and buy low (spread +0.058% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 15 hours. The two prices were read 191 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	GMX WTIOIL/USD [ETH-USDC]	89.465	L +0.0165% / S −0.0005%	pay 0.0021% / 1h	49m 15s	$77K	—	111x
Short	Aster CLUSD1	89.517	−0.0139	pay 0.0070% / 4h	1h 49m	$24.2M	$71.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$63.89
Price spread: +0.058% → 0.000%: $5.85
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$78.04
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Aster: live order book, 3 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	0.56 bp	5.5 bp −$6	6.7 bp −$67	doesn't fit	doesn't fit

GMX: 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 exchanges

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
Kraken Futures PF_WTIOILUSD	−0.0342%	1h	89.452	−0.015%	$319K	$1.8M	25x	as long as short
Aster CLUSD1short	−0.0139%	4h	89.517	+0.058%	$24.2M	$71.4M	20x
Bitget CLUSDT	−0.0114%	4h	89.438	−0.030%	$40.7M	$56.9M	100x	as long as short
GRVT CL_USDT_Perp	−0.0110%	4h	89.529	+0.072%	$66K	$632K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0090%	1h	89.400	−0.073%	$3.4M	$6.2M	20x	as long as short
Binance CLUSDT	−0.0090%	4h	89.490	+0.028%	$240.7M	$1.21B	100x	as long as short
tradeXYZ xyz:CL	−0.0080%	1h	89.417	−0.054%	$167.2M	$243.9M	20x	as long as short
Variational Omni CL	−0.0066%	4h	89.342	−0.137%	$12.6M	$11.3M	—	as long as short
Gate CL_USDT	−0.0063%	8h	89.390	−0.084%	$23.0M	$53.8M	100x	as long as short
Aftermath Perps WTIUSD	−0.0061%	1h	89.487	+0.024%	$1K	$26K	5x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended WTI-USD	−0.0056%	1h	89.460	−0.006%	$1.3M	$14.6M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	89.320	−0.162%	$408K	$1.5M	15x	as long as short
edgeX CLUSDC	−0.0037%	4h	89.403	−0.070%	$494K	$384K	30x	as long as short
QFEX CL-USD	−0.0025%	1h	89.440	−0.028%	$2.2M	$2.8M	10x	as long as short
OKX CL-USDT-SWAP	−0.0024%	4h	89.480	+0.017%	$39.9M	$132.8M	50x	as long as short
Nado WTI-PERP	−0.0024%	1h	89.459	−0.006%	$872K	$685K	10x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.229	−0.264%	$607	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	89.461	−0.004%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	89.490	+0.028%	$26.8M	$109.0M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	89.491	+0.029%	$2.8M	$3.1M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	89.380	−0.095%	$32K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	89.454	−0.012%	$17K	$238K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	89.450	−0.017%	$42K	$654K	15x	as long as short
Paradex CL-USD-PERP	+0.0014%	8h	89.437	−0.031%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	89.479	+0.016%	$10.5M	$10.4M	20x	as long as short
StandX CL-USD	+0.0040%	1h	89.380	−0.095%	$690K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	89.400	−0.073%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	89.394	−0.079%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	89.451	−0.016%	$2.0M	$84K	20x	as long as short
Pacifica CL	+0.0100%	1h	89.448	−0.019%	$299K	$737K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	89.448	−0.019%	$6.9M	$3.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	89.320	−0.162%	$52K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	89.422	−0.048%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]long	L +0.0165% / S −0.0005%	1h	89.465	long leg	$77K	—	111x
BloFin CL-USDT	+0.0215%	4h	89.410	−0.061%	$3.9M	$1.1M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	90.137	+0.751%	$16K	$5K	30x	as long as short