CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0132%/8h= +14.5% APRnext payment +$0.66 per $10,000 · paid last 24h +0.024%

Price spread now: OKX against Binance−0.010%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$220.221% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 7 days+0.011%+$1 · spread now −0.010%, 7d avg −0.009%

Together, before fees+0.015%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CLUSDT	93.179	−0.0174	get 0.0087% / 4h	3h 29m	$245.5M	$940.9M	100x
Short	OKX CL-USDT-SWAP	93.170	−0.0042	pay 0.0021% / 4h	3h 29m	$42.7M	$102.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.010%Rate

Funding earned: $27.72
Price spread: −0.010% → −0.009%: −$0.08
Slippage, 4 orders: −$2.15
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $5.5
Costs to cover: 0.221%
Break-even: 5.6 days

Slippage from Binance: live order book, 15 min ago; OKX: 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	9.0 bp −$898	23.4 bp −$11.7K
Sell OKX live order book, 5 min ago	0.54 bp	5.5 bp −$6	6.2 bp −$62	12.8 bp −$1,278	126.7 bp −$63.3K

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
Deribit WTIOIL_USDC-PERPETUAL	−0.0715%	1h	93.130	−0.053%	$199K	$370K	15x	as long as short
GRVT CL_USDT_Perp	−0.0274%	4h	93.161	−0.020%	$54K	$645K	25x	as long as short
Aster CLUSD1	−0.0261%	4h	93.211	+0.034%	$24.2M	$66.6M	20x	as long as short
Binance CLUSDTlong	−0.0174%	4h	93.179	long leg	$245.5M	$940.9M	100x
Variational Omni CL	−0.0156%	4h	93.159	−0.022%	$13.4M	$10.9M	—	as long as short
Bitget CLUSDT	−0.0126%	4h	93.166	−0.014%	$41.9M	$43.2M	100x	as long as short
Nado WTI-PERP	−0.0122%	1h	93.231	+0.056%	$964K	$631K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0118%	1h	93.220	+0.044%	$3.5M	$5.4M	20x	as long as short
Aftermath Perps WTIUSD	−0.0112%	1h	93.225	+0.049%	$2K	$27K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.171	−0.009%	$277K	$958K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0057%	8h	93.120	−0.063%	$21.2M	$51.3M	100x	as long as short
edgeX CLUSDC	−0.0049%	4h	93.216	+0.039%	$524K	$307K	30x	as long as short
OKX CL-USDT-SWAPshort	−0.0042%	4h	93.170	−0.010%	$42.7M	$102.8M	50x
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.190	+0.012%	$401K	$927K	15x	as long as short
tradeXYZ xyz:CL	−0.0035%	1h	93.175	−0.004%	$184.4M	$217.9M	20x	as long as short
QFEX CL-USD	−0.0033%	1h	93.170	−0.010%	$2.3M	$1.8M	10x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.210	+0.033%	$37K	$41K	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.263	+0.090%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.190	+0.012%	$26.9M	$80.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.248	+0.074%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.187	+0.009%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.734	−0.478%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0004%	4h	93.203	+0.026%	$7.1M	$2.4M	50x	as long as short
Paradex CL-USD-PERP	+0.0015%	8h	93.218	+0.042%	$16K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	93.177	−0.002%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.220	+0.044%	$2.0M	$19.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.140	−0.042%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.190	+0.012%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.178	−0.001%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.176	−0.003%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.170	−0.009%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.170	−0.010%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.161	−0.019%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0204%	4h	93.230	+0.055%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.51	+10.014%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0221% / S −0.0149%	1h	93.175	−0.004%	$81K	—	111x	as long as short