Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0377%/8h= −41.3% APRpaid last 24h −0.035%

Price spread now: Aster against StandX+0.390%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$600.598% of the position

Long on StandX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.130%−$13 on $10k

Price spread, last 7 days−0.375%−$37 · spread now +0.390%, 7d avg +0.042%

Together, before fees−0.505%+ Points / potential airdropStandX: Active · Aster: Stage 5 · farm board−$50 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.348% dearer against StandX than usual: you sell high and buy low (spread +0.390% now, against its 7-day average of +0.042%): +$35 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 3.1 days. At the pace of the last 7 days (−0.130% in total) that is about 19 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.130% in total (about -6.8% 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	StandX CL-USD	92.350	0.0040	pay 0.0005% / 1h	3m 09s	$722K	$3.1M	40x
Short	Aster CLUSD1	92.710	−0.0337	pay 0.0169% / 4h	3h 03m	$23.9M	$75.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against StandX. 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 StandXbpFee AsterbpOrdersPrice spread, now +0.390%Rate

Funding earned: −$79.27
Price spread: +0.390% → +0.042%: $34.77
Slippage, 4 orders: −$43.79
Fee StandX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$104.28
Costs to cover: 0.598%
Break-even: never at this rate

Slippage from StandX: live order book, 1 min ago; Aster: live order book, 6 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 StandX live order book, 1 min ago	2.71 bp	44.0 bp −$44	46.3 bp −$463	doesn't fit	doesn't fit
Sell Aster live order book, 6 min ago	0.54 bp	4.5 bp −$5	5.3 bp −$53	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
GRVT CL_USDT_Perp	−0.0346%	4h	92.649	+0.324%	$58K	$630K	25x	as long as short
Aster CLUSD1short	−0.0337%	4h	92.710	+0.390%	$23.9M	$75.1M	20x
Deribit WTIOIL_USDC-PERPETUAL	−0.0289%	1h	92.690	+0.368%	$123K	$274K	15x	as long as short
Binance CLUSDT	−0.0284%	4h	92.720	+0.401%	$244.7M	$1.02B	100x	as long as short
Variational Omni CL	−0.0273%	4h	92.658	+0.333%	$13.3M	$11.5M	—	as long as short
Gate CL_USDT	−0.0187%	8h	92.630	+0.303%	$21.3M	$55.6M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.715	+0.395%	$275K	$912K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0054%	1h	92.640	+0.314%	$3.5M	$5.9M	20x	as long as short
Nado WTI-PERP	−0.0050%	1h	92.743	+0.425%	$935K	$701K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.347%	$399K	$956K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.670	+0.347%	$2.4M	$1.7M	10x	as long as short
tradeXYZ xyz:CL	−0.0032%	1h	92.706	+0.385%	$186.0M	$233.5M	20x	as long as short
OKX CL-USDT-SWAP	−0.0001%	4h	92.700	+0.379%	$42.9M	$108.5M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.742	+0.424%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.714	+0.394%	$26.5M	$87.9M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.819	+0.507%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.709	+0.389%	$42.2M	$47.9M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.680	+0.357%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.709	+0.389%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.256	−0.102%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	92.730	+0.411%	$2.3M	$25.6M	10x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	92.674	+0.350%	$15K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	92.711	+0.391%	$11.2M	$10.3M	20x	as long as short
StandX CL-USDlong	+0.0040%	1h	92.350	long leg	$722K	$3.1M	40x
Vest CL-PERP	+0.0046%	1h	92.730	+0.411%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.710	+0.390%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.695	+0.374%	$2.1M	$59K	20x	as long as short
edgeX CLUSDC	+0.0067%	4h	92.621	+0.294%	$533K	$299K	30x	as long as short
KuCoin CLUSDTM	+0.0078%	4h	92.717	+0.397%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.690	+0.368%	$354K	$605K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.740	+0.422%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.652	+0.327%	$4K	—	10x	as long as short
Aftermath Perps WTIUSD	+0.0125%	1h	92.692	+0.371%	$2K	$28K	5x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.705	+0.384%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.69	+10.114%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.640	+0.314%	$4.0M	$1.2M	50x	as long as short