Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

CL

RWAAll CL markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
AvantisWTI/USD
90.335L +0.0023S +0.0913pay 0.0003% / 1h17m 19s$56K—25xLong Avantis
SHORT
DeribitWTIOIL_USDC-PERPETUAL
90.040−0.0194pay 0.0024% / 1h17m 19s$195K$6.0M15xShort Deribit
Price gap−0.327%
Funding gap−0.0217% /8h

Both sides work against this direction now: funding costs $7 a day on $10k and the gap is 0.327% under zero (no 7-day history yet). Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$114−0.0217% /8h now · paid −1.138% over the last 7D
Price—spread −0.327% now · no price history on both exchanges yet
Costsno datano order book for Avantis
Result, before costs—+ Points / potential airdropAvantis: Season 3 · farm boardneeds both price histories

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.327%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CL on 38 exchanges

lowest funding first

Before you open

2 ok · 2 to watch
  • Note: Order book unknown—
    No order-book sample for Avantis: its slippage is not counted.
  • Note: Margin at max leverage$400 + $667
    Avantis 25x, Deribit 15x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$6.51Long Avantis: 24 payments, −$0.68; short Deribit: 24 payments, −$5.82.
  • Note: No 7-day spread history−0.327%
    The gap cannot be compared with its average yet.
  • Watch: Long leg is thinner$56K vs $195K OI
    Avantis sets your exit cost. Check its book before closing.
  • OK: Points on a legAvantis Season 3
    Volume here counts toward the points program.
  • Watch: KYCAvantis No · Deribit Yes
    ID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0542%/8h × 21 periods−$113.79
Price spread−0.327% → 0−$32.66
Slippage, 4 ordersno data for Avantis—
Fee Avantis bp × 2 orders−$20.00
Fee Deribit bp × 2 orders−$7.00
Net, fees only · 7 days · $10k−$173.44
Costs to cover0.270%Break-evennever at this rate
Slippage: Avantis: no order-book sample; Deribit: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGAvantis—————
SELL · SHORTDeribit1.115.6 bp−$67.1 bp−$7125.9 bp−$2,593doesn’t fit

Closing costs about the same again.
Avantis: no data.

Alert

CL news

posts that mention CL or Crude oil (WTI), from every exchangeSearch all news →
09-25 16:46KalshiOtherBREAKING: WTI oil down nearly 3% in the last 1 hour as Al Jazeera reports US-Iran talks have entered "technical stage" @Kalshi on X ↗
09-25 13:31Vest MarketsOtherAt the open, $CL is down around 2%, with Iran proposing on Thursday to reopen the Strait of Hormuz within seven days. Negotiators are exploring a phased arrangement in which Tehran reopens the strait and Washington lifts its economic blockade of Iran, per Reuters. Trade $CL volatility with a Vest Capital funded account and access up to $25k in trading capital. @VestExchange on X ↗