CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.28 per $10,000 · paid last 24h −0.019%

Price spread now: Binance against Bitget−0.005%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

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

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 7 days+0.010%+$1 · spread now −0.005%, 7d avg +0.012%

Together, before fees+0.058%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CLUSDT	93.335	−0.0132	get 0.0066% / 4h	3h 12m	$42.0M	$43.2M	100x
Short	Binance CLUSDT	93.330	−0.0188	pay 0.0094% / 4h	3h 12m	$246.5M	$939.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.005%Rate

Funding earned: −$11.71
Price spread: −0.005% → +0.012%: −$1.69
Slippage, 4 orders: −$3.93
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$39.33
Costs to cover: 0.259%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Binance: live order book, 2 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 Bitget live order book, 2 min ago	0.43 bp	7.8 bp −$8	9.5 bp −$95	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.54 bp	5.5 bp −$6	5.5 bp −$55	7.4 bp −$741	17.5 bp −$8,739

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	−0.0393%	1h	93.310	−0.027%	$199K	$370K	15x	as long as short
GRVT CL_USDT_Perp	−0.0340%	4h	93.224	−0.119%	$58K	$656K	25x	as long as short
Aster CLUSD1	−0.0281%	4h	93.357	+0.024%	$24.3M	$65.9M	20x	as long as short
Binance CLUSDTshort	−0.0188%	4h	93.330	−0.005%	$246.5M	$939.9M	100x
Variational Omni CL	−0.0172%	4h	93.189	−0.157%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0132%	1h	93.267	−0.073%	$2K	$27K	5x	as long as short
Bitget CLUSDTlong	−0.0132%	4h	93.335	long leg	$42.0M	$43.2M	100x
Ondo Perps WTI-USD.P	−0.0130%	1h	93.260	−0.080%	$3.5M	$5.4M	20x	as long as short
Nado WTI-PERP	−0.0116%	1h	93.375	+0.043%	$966K	$629K	10x	as long as short
edgeX CLUSDC	−0.0072%	4h	93.225	−0.118%	$524K	$307K	30x	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	−0.0068%	8h	93.280	−0.059%	$21.4M	$51.5M	100x	as long as short
OKX CL-USDT-SWAP	−0.0064%	4h	93.330	−0.005%	$42.7M	$103.1M	50x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.354	+0.021%	$282K	$958K	25x	as long as short
tradeXYZ xyz:CL	−0.0058%	1h	93.335	0.000%	$184.7M	$217.7M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.187%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.290	−0.048%	$2.3M	$2.0M	10x	as long as short
Paradex CL-USD-PERP	−0.0027%	8h	93.299	−0.039%	$16K	$367	5x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.310	−0.027%	$37K	$41K	20x	as long as short
Lighter WTI	0.0000%	1h	93.331	−0.004%	$11.2M	$10.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	−0.006%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.350	+0.016%	$27.0M	$80.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.366	+0.034%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.327	−0.009%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.884	−0.483%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0010%	4h	93.347	+0.013%	$7.1M	$2.4M	50x	as long as short
Extended WTI-USD	+0.0024%	1h	93.370	+0.037%	$2.0M	$18.5M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.180	−0.166%	$737K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.320	−0.016%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.320	−0.016%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.327	−0.009%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.315	−0.022%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.190	−0.155%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.285	−0.054%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0178%	4h	93.290	−0.048%	$4.0M	$997K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.37	+9.681%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0224% / S −0.0152%	1h	93.325	−0.011%	$81K	—	111x	as long as short