Funding you earn now, next payment 00:00 UTC+0.0375%/8h= +41.0% APRnext payment +$1.87 per $10,000 · paid last 24h +0.079%
Price spread now: BloFin against Binance−0.011%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs+$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$240.242% of the position
Funding, last 7 days+0.340%+$34 on $10k
+Price spread, last 2 days (all we have)−0.062%−$6 · spread now −0.011%, 7d avg −0.034%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and BloFin is 0.023% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.034%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CLUSDT | 92.010 | −0.0135 | get 0.0067% / 4h | 46m 54s | $245.2M | $1.10B | 100x |
| Short | BloFin CL-USDT | 92.000 | 0.0240 | get 0.0120% / 4h | 46m 54s | $4.0M | $1.4M | 50x |
Binance CLUSDT
BloFin CL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $78.68
- Price spread: −0.011% → −0.034%
- $2.35
- Slippage, 4 orders
- −$2.17
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $56.86
- Costs to cover
- 0.242%
- Break-even
- 1.9 days
Slippage from Binance: live order book, 12 min ago; BloFin: live order book, 1 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, 12 min ago | 0.54 bp | 5.5 bp −$6 | 5.5 bp −$55 | 7.5 bp −$747 | 22.4 bp −$11.2K |
| Sell BloFin live order book, 1 min ago | 0.54 bp | 6.5 bp −$7 | 7.3 bp −$73 | 10.2 bp −$1,025 | 24.2 bp −$12.1K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_WTIOILUSD | −0.0450% | 1h | 92.042 | +0.035% | $275K | $1.2M | 25x | as long as short |
| Deribit WTIOIL_USDC-PERPETUAL | −0.0293% | 1h | 92.030 | +0.022% | $96K | $189K | 15x | as long as short |
| GRVT CL_USDT_Perp | −0.0290% | 4h | 91.994 | −0.018% | $58K | $702K | 25x | as long as short |
| Aster CLUSD1 | −0.0218% | 4h | 92.020 | +0.011% | $23.9M | $77.6M | 20x | as long as short |
| Nado WTI-PERP | −0.0174% | 1h | 92.089 | +0.086% | $923K | $744K | 10x | as long as short |
| Lighter WTI | −0.0136% | 1h | 92.008 | −0.002% | $11.1M | $10.9M | 20x | as long as short |
| Ondo Perps WTI-USD.P | −0.0135% | 1h | 92.000 | −0.011% | $3.5M | $6.4M | 20x | as long as short |
| Binance CLUSDTlong | −0.0135% | 4h | 92.010 | long leg | $245.2M | $1.10B | 100x | |
| tradeXYZ xyz:CL | −0.0111% | 1h | 92.027 | +0.018% | $185.7M | $275.7M | 20x | as long as short |
| Paradex CL-USD-PERP | −0.0106% | 8h | 91.995 | −0.016% | $15K | $367 | 5x | as long as short |
Kraken Futures PF_WTIOILUSD
Deribit WTIOIL_USDC-PERPETUAL
GRVT CL_USDT_Perp
Aster CLUSD1
Nado WTI-PERP
Lighter WTI
Ondo Perps WTI-USD.P
tradeXYZ xyz:CL
Paradex CL-USD-PERPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CL | −0.0096% | 4h | 91.994 | −0.018% | $13.4M | $13.0M | — | as long as short |
| Bullet WTIOIL-USD | −0.0079% | 1h | 92.016 | +0.006% | $19K | $241K | 10x | as long as short |
| QFEX CL-USD | −0.0054% | 1h | 92.000 | −0.011% | $2.4M | $2.6M | 10x | as long as short |
| Gate CL_USDT | −0.0021% | 8h | 91.960 | −0.054% | $21.3M | $57.5M | 100x | as long as short |
| Pacifica CL | −0.0020% | 1h | 92.022 | +0.013% | $332K | $576K | 10x | as long as short |
| dYdX WTI-USD | 0.0000% | 1h | 92.108 | +0.106% | $8K | $3K | 5x | as long as short |
| Bybit CLUSDT | 0.0000% | 8h | 92.040 | +0.033% | $25.6M | $94.9M | 150x | as long as short |
| OKX CL-USDT-SWAP | 0.0000% | 4h | 92.020 | +0.011% | $43.1M | $113.1M | 50x | as long as short |
| RISEx CL/USDC | 0.0000% | 1h | 92.128 | +0.129% | $3.3M | $2.7M | 20x | as long as short |
| Bitget CLUSDT | 0.0000% | 4h | 92.003 | −0.008% | $41.9M | $51.8M | 100x | as long as short |
| Phoenix WTIOIL | 0.0000% | 1h | 92.080 | +0.076% | $37K | $101K | 20x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | 0.0000% | 1h | 92.030 | +0.022% | $399K | $984K | 15x | as long as short |
| gTrade (Gains Network) WTI/USD | L 0.0000% / S +0.0036% | 1h | 91.606 | −0.439% | $4K | — | 150x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.0022% | 1h | 92.008 | −0.002% | $1.6M | $1.4M | 20x | as long as short |
| Extended WTI-USD | +0.0032% | 1h | 92.075 | +0.071% | $2.0M | $27.5M | 10x | as long as short |
| StandX CL-USD | +0.0040% | 1h | 92.000 | −0.011% | $723K | $3.1M | 40x | as long as short |
| Aftermath Perps WTIUSD | +0.0044% | 1h | 92.027 | +0.018% | $2K | $29K | 5x | as long as short |
| Vest CL-PERP | +0.0046% | 1h | 92.080 | +0.076% | — | $308K | 10x | as long as short |
| SoDEX CL-USD | +0.0050% | 1h | 92.015 | +0.005% | $2.0M | $39K | 20x | as long as short |
| edgeX CLUSDC | +0.0068% | 4h | 92.022 | +0.013% | $529K | $335K | 30x | as long as short |
| KuCoin CLUSDTM | +0.0100% | 4h | 92.015 | +0.005% | $7.3M | $2.1M | 50x | as long as short |
| ApeX Omni CLUSDT | +0.0100% | 1h | 92.050 | +0.043% | $55K | $266K | 50x | as long as short |
| Aevo WTIOIL-PERP | +0.0104% | 1h | 91.982 | −0.031% | $4K | — | 10x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | L +0.0203% / S −0.0127% | 1h | 92.005 | −0.005% | $76K | — | 111x | as long as short |
| Injective WTI/USDC PERP | +0.0220% | 1h | 101.28 | +10.070% | $19K | $11K | 30x | as long as short |
| BloFin CL-USDTshort | +0.0240% | 4h | 92.000 | −0.011% | $4.0M | $1.4M | 50x |
Variational Omni CL
Bullet WTIOIL-USD
QFEX CL-USD
Gate CL_USDT
Pacifica CL
dYdX WTI-USD
Bybit CLUSDT
OKX CL-USDT-SWAP
RISEx CL/USDC
Bitget CLUSDT
Phoenix WTIOIL
Coinbase International WTIOIL-PERP-INTX
gTrade (Gains Network) WTI/USD
Polymarket Perps WTIOIL-USD
Extended WTI-USD
StandX CL-USD
Aftermath Perps WTIUSD
Vest CL-PERP
SoDEX CL-USD
edgeX CLUSDC
KuCoin CLUSDTM
ApeX Omni CLUSDT
Aevo WTIOIL-PERP
GMX WTIOIL/USD [ETH-USDC]
Injective WTI/USDC PERP