Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0147%/8h= −16.1% APRpaid last 24h −0.022%

Price spread now: Aster against Kraken Futures+0.016%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.257%+$26 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.016%, 7d avg −0.001%

Together, before fees+0.237%+ Points / potential airdropAster: Stage 5 · farm board+$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.257%, 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	Kraken Futures PF_WTIOILUSD	93.570	−0.0137	get 0.0017% / 1h	15m 57s	$282K	$961K	25x
Short	Aster CLUSD1	93.585	−0.0284	pay 0.0142% / 4h	1h 15m	$24.6M	$65.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$30.9
Price spread: +0.016% → −0.001%: $1.73
Slippage, 4 orders: −$10.41
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$57.57
Costs to cover: 0.284%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 32 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 Kraken Futures live order book, 32 min ago	2.08 bp	9.3 bp −$9	23.4 bp −$234	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	0.53 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-PERPETUAL	−0.0498%	1h	93.520	−0.053%	$196K	$385K	15x	as long as short
Aster CLUSD1short	−0.0284%	4h	93.585	+0.016%	$24.6M	$65.6M	20x
GRVT CL_USDT_Perp	−0.0278%	4h	93.509	−0.065%	$58K	$618K	25x	as long as short
Binance CLUSDT	−0.0153%	4h	93.545	−0.026%	$247.7M	$918.0M	100x	as long as short
Aftermath Perps WTIUSD	−0.0139%	1h	93.592	+0.023%	$2K	$26K	5x	as long as short
Variational Omni CL	−0.0139%	4h	93.559	−0.012%	$13.5M	$10.6M	—	as long as short
Kraken Futures PF_WTIOILUSDlong	−0.0137%	1h	93.570	long leg	$282K	$961K	25x
Ondo Perps WTI-USD.P	−0.0130%	1h	93.520	−0.053%	$3.5M	$5.3M	20x	as long as short
Gate CL_USDT	−0.0118%	8h	93.480	−0.096%	$22.6M	$50.1M	100x	as long as short
Bitget CLUSDT	−0.0114%	4h	93.539	−0.033%	$42.3M	$42.2M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0080%	1h	93.530	−0.043%	$184.9M	$205.1M	20x	as long as short
Nado WTI-PERP	−0.0057%	1h	93.608	+0.041%	$965K	$619K	10x	as long as short
OKX CL-USDT-SWAP	−0.0037%	4h	93.530	−0.043%	$42.8M	$101.9M	50x	as long as short
QFEX CL-USD	−0.0023%	1h	93.560	−0.011%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.075%	$404K	$916K	15x	as long as short
edgeX CLUSDC	0.0000%	4h	93.551	−0.020%	$526K	$306K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.562	−0.008%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.540	−0.032%	$26.8M	$79.1M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.599	+0.031%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.620	+0.054%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.568	−0.002%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.141	−0.458%	$5K	—	150x	as long as short
Lighter WTI	+0.0008%	1h	93.536	−0.036%	$11.3M	$9.7M	20x	as long as short
Paradex CL-USD-PERP	+0.0016%	8h	93.554	−0.017%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.600	+0.032%	$2.0M	$15.3M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.620	+0.054%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.570	0.000%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.556	−0.015%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.540	−0.032%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.579	+0.010%	$333K	$573K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.583	+0.014%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.660	+0.096%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.536	−0.037%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0207%	4h	93.570	0.000%	$4.0M	$970K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.82	+9.885%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0248% / S −0.0182%	1h	93.555	−0.016%	$84K	—	111x	as long as short