CL

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0122%/8h= +13.3% APRnext payment +$0.15 per $10,000 · paid last 24h −0.006%

Price spread now: Phoenix against Aftermath Perps+0.032%63s7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Phoenix is 0.032% dearer against Aftermath Perps than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 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	Aftermath Perps WTIUSD	92.040	−0.0113	get 0.0014% / 1h	10m 08s	$2K	$29K	5x
Short	Phoenix WTIOIL	92.070	0.0009	get 0.0001% / 1h	10m 08s	$37K	$99K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Aftermath Perps. 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 Aftermath PerpsbpFee PhoenixbpOrdersPrice spread, now +0.032%Rate

Funding earned: $25.59
Price spread: +0.032% → 0.000%: $3.21
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $12.8
Costs to cover: 0.160%
Break-even: 3.5 days

Slippage unknown: Aftermath Perps: no order-book sample; Phoenix: no order-book sample. 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Aftermath Perps and Phoenix: 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 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
Lighter WTI	−0.0288%	1h	92.005	−0.039%	$11.1M	$11.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0202%	4h	91.982	−0.064%	$58K	$715K	25x	as long as short
Nado WTI-PERP	−0.0164%	1h	92.082	+0.045%	$923K	$747K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0158%	1h	92.010	−0.033%	$3.5M	$6.4M	20x	as long as short
Aster CLUSD1	−0.0139%	4h	92.031	−0.010%	$23.9M	$77.9M	20x	as long as short
tradeXYZ xyz:CL	−0.0134%	1h	92.031	−0.010%	$185.5M	$280.3M	20x	as long as short
Aftermath Perps WTIUSDlong	−0.0113%	1h	92.040	long leg	$2K	$29K	5x
Bullet WTIOIL-USD	−0.0109%	1h	92.011	−0.032%	$18K	$241K	10x	as long as short
Paradex CL-USD-PERP	−0.0103%	8h	92.002	−0.042%	$15K	$367	5x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0076%	1h	92.030	−0.011%	$96K	$189K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CLUSDT	−0.0042%	4h	92.011	−0.032%	$245.0M	$1.11B	100x	as long as short
Variational Omni CL	−0.0018%	4h	92.003	−0.041%	$13.4M	$13.3M	—	as long as short
Gate CL_USDT	−0.0006%	8h	91.960	−0.087%	$21.3M	$59.5M	100x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.073%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.040	−0.001%	$25.5M	$95.8M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.010	−0.033%	$43.2M	$113.2M	50x	as long as short
QFEX CL-USD	0.0000%	1h	92.000	−0.044%	$2.4M	$2.6M	10x	as long as short
Bitget CLUSDT	0.0000%	4h	92.006	−0.037%	$42.0M	$52.2M	100x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.585	−0.495%	$4K	—	150x	as long as short
Polymarket Perps WTIOIL-USD	+0.0004%	1h	92.019	−0.023%	$1.6M	$1.4M	20x	as long as short
Phoenix WTIOILshort	+0.0009%	1h	92.070	+0.032%	$37K	$99K	20x
edgeX CLUSDC	+0.0020%	4h	92.024	−0.018%	$529K	$334K	30x	as long as short
Extended WTI-USD	+0.0024%	1h	92.050	+0.010%	$2.0M	$28.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.000	−0.044%	$723K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.070	+0.032%	—	$308K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.015	−0.028%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.041	0.000%	$332K	$579K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.055	+0.016%	$7.2M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	91.990	−0.055%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.002	−0.042%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	92.020	−0.022%	$398K	$1.1M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	101.16	+9.907%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	92.015	−0.028%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.000	−0.044%	$4.0M	$1.4M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0450%	1h	92.035	−0.006%	$275K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	92.132	+0.099%	$3.3M	$2.7M	20x	as long as short