CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.04 per $10,000 · paid last 24h +0.003%

Price spread now: Variational Omni against Binance−0.101%7-day average −0.032% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.004%$0 on $10k

Price spread, last 7 days+0.088%+$9 · spread now −0.101%, 7d avg −0.032%

Together, before fees+0.084%+ Points / potential airdropVariational Omni: Active · farm board+$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.069% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CLUSDT	92.993	−0.0180	get 0.0090% / 4h	3h 59m	$244.9M	$944.3M	100x
Short	Variational Omni CL	92.899	−0.0172	pay 0.0086% / 4h	3h 59m	$13.5M	$10.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.101%Rate

Funding earned: $1.67
Price spread: −0.101% → −0.032%: −$6.91
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$15.24
Costs to cover: 0.100%
Break-even: 70.7 days

Slippage unknown: Binance: live order book, 15 min ago; Variational Omni: RFQ quote, 5 min ago. 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, 15 min ago	0.54 bp	5.5 bp −$6	6.0 bp −$60	9.4 bp −$936	23.2 bp −$11.6K
Sell Variational Omni RFQ quote, 5 min ago	2.27 bp	doesn't fit	2.4 bp −$24	7.0 bp −$696	doesn't fit

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	−0.0395%	1h	92.950	−0.046%	$198K	$370K	15x	as long as short
Aster CLUSD1	−0.0272%	4h	92.990	−0.003%	$24.0M	$66.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0246%	4h	92.909	−0.091%	$56K	$656K	25x	as long as short
Binance CLUSDTlong	−0.0180%	4h	92.993	long leg	$244.9M	$944.3M	100x
Variational Omni CLshort	−0.0172%	4h	92.899	−0.101%	$13.5M	$10.8M	—
Bitget CLUSDT	−0.0130%	4h	92.978	−0.016%	$41.9M	$43.5M	100x	as long as short
Aftermath Perps WTIUSD	−0.0106%	1h	92.952	−0.044%	$2K	$27K	5x	as long as short
Nado WTI-PERP	−0.0065%	1h	93.004	+0.012%	$963K	$647K	10x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.039	+0.049%	$267K	$929K	25x	as long as short
OKX CL-USDT-SWAP	−0.0051%	4h	92.980	−0.014%	$42.5M	$102.8M	50x	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	−0.0044%	8h	92.930	−0.068%	$20.8M	$50.4M	100x	as long as short
QFEX CL-USD	−0.0043%	1h	92.940	−0.057%	$2.3M	$1.8M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.930	−0.068%	$399K	$948K	15x	as long as short
KuCoin CLUSDTM	−0.0026%	4h	92.999	+0.006%	$7.1M	$2.4M	50x	as long as short
edgeX CLUSDC	−0.0024%	4h	92.888	−0.113%	$526K	$304K	30x	as long as short
tradeXYZ xyz:CL	−0.0005%	1h	92.978	−0.016%	$184.6M	$219.7M	20x	as long as short
Lighter WTI	0.0000%	1h	92.958	−0.038%	$11.2M	$10.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.937	−0.061%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.000	+0.008%	$26.6M	$80.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.029	+0.038%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.980	−0.014%	$37K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.986	−0.007%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.529	−0.499%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0004%	8h	92.948	−0.049%	$16K	$367	5x	as long as short
Ondo Perps WTI-USD.P	+0.0021%	1h	92.920	−0.078%	$3.5M	$5.4M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.000	+0.008%	$2.0M	$20.1M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.940	−0.057%	$735K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.980	−0.014%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.980	−0.014%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.970	−0.025%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	92.966	−0.029%	$330K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.900	−0.100%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.957	−0.039%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0187%	4h	92.970	−0.025%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0217% / S −0.0145%	1h	92.985	−0.009%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.25	+9.956%	$19K	$11K	30x	as long as short