Funding you earn now, next payment 21:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h +0.006%
Price spread now: Phoenix against Binance+0.017%115s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.172%+$17 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CLUSDT | 91.985 | 0 | get 0.0000% / 4h | 2h 25m | $247.0M | $1.14B | 100x |
| Short | Phoenix WTIOIL | 92.000 | 0.0009 | get 0.0001% / 1h | 25m 34s | $33K | $99K | 20x |
Binance CLUSDT
Phoenix WTIOILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $1.83
- Price spread: +0.017% → 0.000%
- $1.66
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$13.52
- Costs to cover
- 0.170%
- Break-even
- 58.8 days
Slippage unknown: Binance: live order book, 3 min ago; 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 Binance live order book, 3 min ago | 0.54 bp | 5.5 bp −$6 | 5.7 bp −$57 | 11.7 bp −$1,168 | 40.6 bp −$20.3K |
| Sell Phoenix no order-book sample | — | — | — | — | — |
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 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX CL-USD | −0.0019% | 1h | 91.990 | +0.006% | $2.4M | $2.8M | 10x | as long as short |
| Aster CLUSD1 | 0.0000% | 4h | 92.020 | +0.039% | $24.6M | $77.0M | 20x | as long as short |
| dYdX WTI-USD | 0.0000% | 1h | 91.992 | +0.008% | $8K | $3K | 5x | as long as short |
| Binance CLUSDTlong | 0.0000% | 4h | 91.985 | long leg | $247.0M | $1.14B | 100x | |
| Bybit CLUSDT | 0.0000% | 8h | 91.964 | −0.023% | $25.4M | $100.3M | 150x | as long as short |
| OKX CL-USDT-SWAP | 0.0000% | 4h | 91.930 | −0.060% | $43.0M | $117.2M | 50x | as long as short |
| Gate CL_USDT | 0.0000% | 8h | 91.880 | −0.114% | $21.2M | $63.1M | 100x | as long as short |
| Bitget CLUSDT | 0.0000% | 4h | 91.976 | −0.010% | $42.2M | $69.3M | 100x | as long as short |
| Variational Omni CL | 0.0000% | 4h | 92.001 | +0.018% | $13.6M | $16.2M | — | as long as short |
| GRVT CL_USDT_Perp | 0.0000% | 4h | 91.989 | +0.005% | $58K | $782K | 25x | as long as short |
QFEX CL-USD
Aster CLUSD1
dYdX WTI-USD
Bybit CLUSDT
OKX CL-USDT-SWAP
Gate CL_USDT
Bitget CLUSDT
Variational Omni CL
GRVT CL_USDT_PerpShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit WTIOIL_USDC-PERPETUAL | 0.0000% | 1h | 92.010 | +0.027% | $95K | $291K | 15x | as long as short |
| Aftermath Perps WTIUSD | +0.0001% | 1h | 91.972 | −0.014% | $2K | $31K | 5x | as long as short |
| Phoenix WTIOILshort | +0.0009% | 1h | 92.000 | +0.017% | $33K | $99K | 20x | |
| Bullet WTIOIL-USD | +0.0028% | 1h | 91.987 | +0.002% | $18K | $241K | 10x | as long as short |
| Lighter WTI | +0.0032% | 1h | 91.960 | −0.027% | $11.0M | $12.3M | 20x | as long as short |
| Extended WTI-USD | +0.0032% | 1h | 92.020 | +0.038% | $1.9M | $29.7M | 10x | as long as short |
| Injective WTI/USDC PERP | +0.0033% | 1h | 92.044 | +0.064% | $17K | $18K | 30x | as long as short |
| Kraken Futures PF_WTIOILUSD | +0.0040% | 1h | 92.011 | +0.028% | $258K | $1.3M | 25x | as long as short |
| StandX CL-USD | +0.0040% | 1h | 91.990 | +0.006% | $725K | $3.0M | 40x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | +0.0040% | 1h | 92.080 | +0.104% | $393K | $1.3M | 15x | as long as short |
| edgeX CLUSDC | +0.0042% | 4h | 91.987 | +0.003% | $529K | $341K | 30x | as long as short |
| Vest CL-PERP | +0.0046% | 1h | 92.020 | +0.038% | — | $243K | 10x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.0050% | 1h | 91.981 | −0.004% | $1.6M | $1.4M | 20x | as long as short |
| SoDEX CL-USD | +0.0050% | 1h | 91.992 | +0.008% | $2.0M | $42K | 20x | as long as short |
| Ondo Perps WTI-USD.P | +0.0050% | 1h | 91.920 | −0.070% | $3.5M | $6.5M | 20x | as long as short |
| tradeXYZ xyz:CL | +0.0091% | 1h | 91.988 | +0.004% | $182.4M | $296.4M | 20x | as long as short |
| Paradex CL-USD-PERP | +0.0100% | 8h | 91.985 | 0.000% | $15K | $367 | 5x | as long as short |
| Pacifica CL | +0.0100% | 1h | 91.970 | −0.016% | $332K | $573K | 10x | as long as short |
| KuCoin CLUSDTM | +0.0100% | 4h | 91.990 | +0.006% | $7.4M | $2.1M | 50x | as long as short |
| ApeX Omni CLUSDT | +0.0100% | 1h | 92.080 | +0.104% | $55K | $265K | 50x | as long as short |
| Aevo WTIOIL-PERP | +0.0104% | 1h | 91.977 | −0.008% | $4K | $49 | 10x | as long as short |
| Nado WTI-PERP | +0.0180% | 1h | 91.985 | 0.000% | $879K | $791K | 10x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | L +0.0212% / S −0.0127% | 1h | 92.005 | +0.022% | $76K | — | 29x | as long as short |
| BloFin CL-USDT | +0.0240% | 4h | 92.000 | +0.017% | $4.0M | $1.5M | 50x | as long as short |
| RISEx CL/USDC | +0.0266% | 1h | 92.047 | +0.068% | $3.2M | $2.7M | 20x | as long as short |
Deribit WTIOIL_USDC-PERPETUAL
Aftermath Perps WTIUSD
Bullet WTIOIL-USD
Lighter WTI
Extended WTI-USD
Injective WTI/USDC PERP
Kraken Futures PF_WTIOILUSD
StandX CL-USD
Coinbase International WTIOIL-PERP-INTX
edgeX CLUSDC
Vest CL-PERP
Polymarket Perps WTIOIL-USD
SoDEX CL-USD
Ondo Perps WTI-USD.P
tradeXYZ xyz:CL
Paradex CL-USD-PERP
Pacifica CL
KuCoin CLUSDTM
ApeX Omni CLUSDT
Aevo WTIOIL-PERP
Nado WTI-PERP
GMX WTIOIL/USD [ETH-USDC]
BloFin CL-USDT
RISEx CL/USDC