CL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0262%/8h= +28.7% APRnext payment +$1.31 per $10,000 · paid last 24h +0.016%

Price spread now: Bitget against Binance+0.007%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 2 days (all we have)−0.065%−$6 · spread now +0.007%, 7d avg −0.018%

Together, before fees−0.114%−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Bitget is 0.025% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.018%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.049% in total (about -2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.31 per $10,000. 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	Binance CLUSDT	92.772	−0.0262	get 0.0131% / 4h	2h 28m	$244.4M	$985.2M	100x
Short	Bitget CLUSDT	92.778	0	get 0.0000% / 4h	2h 28m	$41.9M	$44.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.007%Rate

Funding earned: $54.95
Price spread: +0.007% → −0.018%: $2.46
Slippage, 4 orders: −$3.9
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $31.51
Costs to cover: 0.259%
Break-even: 3.0 days

Slippage from Binance: live order book, 15 min ago; Bitget: live order book, 5 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 Binance live order book, 15 min ago	0.54 bp	5.5 bp −$6	5.5 bp −$55	7.9 bp −$788	19.1 bp −$9,556
Sell Bitget live order book, 5 min ago	0.59 bp	7.5 bp −$8	9.1 bp −$91	doesn't fit	doesn't fit

CL on 35 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	−0.0396%	1h	92.750	−0.023%	$198K	$365K	15x	as long as short
Aster CLUSD1	−0.0314%	4h	92.808	+0.039%	$24.0M	$74.0M	20x	as long as short
GRVT CL_USDT_Perp	−0.0286%	4h	92.804	+0.034%	$53K	$631K	25x	as long as short
Binance CLUSDTlong	−0.0262%	4h	92.772	long leg	$244.4M	$985.2M	100x
Variational Omni CL	−0.0261%	4h	92.781	+0.010%	$13.3M	$11.1M	—	as long as short
Gate CL_USDT	−0.0138%	8h	92.730	−0.045%	$20.9M	$53.4M	100x	as long as short
tradeXYZ xyz:CL	−0.0058%	1h	92.802	+0.033%	$184.4M	$222.9M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.030	−0.800%	$399K	$938K	15x	as long as short
Nado WTI-PERP	−0.0046%	1h	92.828	+0.061%	$965K	$693K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0040%	1h	92.720	−0.056%	$3.5M	$5.7M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.818	+0.050%	$271K	$875K	25x	as long as short
QFEX CL-USD	−0.0033%	1h	92.760	−0.013%	$2.5M	$1.7M	10x	as long as short
OKX CL-USDT-SWAP	−0.0011%	4h	92.740	−0.034%	$42.8M	$105.8M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.837	+0.071%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.780	+0.009%	$26.9M	$82.9M	150x	as long as short
Bitget CLUSDTshort	0.0000%	4h	92.778	+0.007%	$41.9M	$44.4M	100x
Phoenix WTIOIL	0.0000%	1h	92.830	+0.063%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.789	+0.018%	$17K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.325	−0.482%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0026%	8h	92.736	−0.039%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.794	+0.024%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.815	+0.047%	$2.1M	$24.9M	10x	as long as short
Aftermath Perps WTIUSD	+0.0033%	1h	92.822	+0.055%	$2K	$28K	5x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.909	+0.148%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.340	−0.465%	$726K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.800	+0.030%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.783	+0.012%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.777	+0.006%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTM	+0.0074%	4h	92.793	+0.023%	$7.2M	$2.3M	50x	as long as short
edgeX CLUSDC	+0.0097%	4h	92.804	+0.035%	$534K	$298K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.777	+0.006%	$331K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.850	+0.084%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.747	−0.027%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.775	+0.004%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.83	+9.767%	$19K	$11K	30x	as long as short