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 −0.006%

Price spread now: Aster against QFEX+0.043%7-day average +0.035% · 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−$25as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on QFEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.025%+$3 on $10k

Price spread, last 7 days−0.032%−$3 · spread now +0.043%, 7d avg +0.035%

Together, before fees−0.006%+ 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 +0.035%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CL-USD	92.020	0	get 0.0000% / 1h	5m 31s	$2.4M	$2.6M	10x
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 QFEX. 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 QFEXbpFee AsterbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$33.04
Price spread: +0.043% → +0.035%: $0.84
Slippage, 4 orders: −$8.32
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$58.52
Costs to cover: 0.263%
Break-even: never at this rate

Slippage from QFEX: live order book, 2 min ago; Aster: live order book, 4 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 QFEX live order book, 2 min ago	1.63 bp	8.2 bp −$8	8.7 bp −$87	10.2 bp −$1,024	doesn't fit
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

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	−0.0293%	1h	92.040	+0.022%	$96K	$189K	15x	as long as short
Lighter WTI	−0.0264%	1h	92.036	+0.017%	$11.1M	$11.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0214%	4h	91.989	−0.034%	$58K	$715K	25x	as long as short
Nado WTI-PERP	−0.0160%	1h	92.095	+0.081%	$923K	$746K	10x	as long as short
Aster CLUSD1short	−0.0157%	4h	92.060	+0.043%	$24.0M	$77.6M	20x
Ondo Perps WTI-USD.P	−0.0152%	1h	92.030	+0.011%	$3.5M	$6.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0131%	1h	92.051	+0.034%	$185.5M	$278.2M	20x	as long as short
Bullet WTIOIL-USD	−0.0098%	1h	92.037	+0.018%	$19K	$241K	10x	as long as short
Paradex CL-USD-PERP	−0.0097%	8h	92.012	−0.009%	$15K	$367	5x	as long as short
Aftermath Perps WTIUSD	−0.0080%	1h	92.041	+0.022%	$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	92.040	+0.022%	$244.8M	$1.11B	100x	as long as short
Variational Omni CL	−0.0018%	4h	92.003	−0.019%	$13.4M	$13.3M	—	as long as short
Gate CL_USDT	−0.0010%	8h	91.990	−0.033%	$21.3M	$59.6M	100x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.095%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.062	+0.046%	$25.5M	$95.6M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.020	0.000%	$43.2M	$113.2M	50x	as long as short
QFEX CL-USDlong	0.0000%	1h	92.020	long leg	$2.4M	$2.6M	10x
Bitget CLUSDT	0.0000%	4h	92.030	+0.011%	$42.1M	$52.1M	100x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.617	−0.438%	$4K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.060	+0.043%	$37K	$99K	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0012%	1h	92.038	+0.020%	$1.6M	$1.4M	20x	as long as short
edgeX CLUSDC	+0.0016%	4h	92.024	+0.005%	$529K	$335K	30x	as long as short
Extended WTI-USD	+0.0032%	1h	92.090	+0.076%	$2.0M	$28.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.000	−0.022%	$723K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.090	+0.076%	—	$308K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.025	+0.005%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.045	+0.027%	$332K	$578K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.058	+0.041%	$7.2M	$2.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.010	−0.011%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.008	−0.013%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	92.030	+0.011%	$399K	$1.1M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	101.16	+9.932%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	92.035	+0.016%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.990	−0.033%	$4.0M	$1.4M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0450%	1h	92.043	+0.025%	$275K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	92.153	+0.144%	$3.3M	$2.7M	20x	as long as short