CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0078%/8h= +8.6% APRnext payment +$0.39 per $10,000 · paid last 24h +0.006%

Price spread now: OKX against Bitget+0.018%7-day average +0.003% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 7 days−0.010%−$1 · spread now +0.018%, 7d avg +0.003%

Together, before fees+0.042%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, 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	93.443	−0.0128	get 0.0064% / 4h	2h 16m	$42.1M	$42.8M	100x
Short	OKX CL-USDT-SWAP	93.460	−0.0050	pay 0.0025% / 4h	2h 16m	$42.7M	$102.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.018%Rate

Funding earned: $16.43
Price spread: +0.018% → +0.003%: $1.49
Slippage, 4 orders: −$4.19
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$8.27
Costs to cover: 0.262%
Break-even: 10.5 days

Slippage from Bitget: live order book, 3 min ago; OKX: live order book, 3 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, 3 min ago	0.64 bp	7.5 bp −$8	10.2 bp −$102	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.54 bp	5.5 bp −$6	6.5 bp −$65	12.7 bp −$1,273	128.7 bp −$64.4K

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	−0.0392%	1h	93.410	−0.035%	$196K	$376K	15x	as long as short
GRVT CL_USDT_Perp	−0.0294%	4h	93.442	−0.001%	$58K	$629K	25x	as long as short
Aster CLUSD1	−0.0290%	4h	93.490	+0.050%	$24.4M	$64.9M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.462	+0.020%	$285K	$958K	25x	as long as short
Binance CLUSDT	−0.0182%	4h	93.459	+0.017%	$246.1M	$932.6M	100x	as long as short
Variational Omni CL	−0.0174%	4h	93.399	−0.047%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0154%	1h	93.452	+0.010%	$2K	$26K	5x	as long as short
Bitget CLUSDTlong	−0.0128%	4h	93.443	long leg	$42.1M	$42.8M	100x
Nado WTI-PERP	−0.0123%	1h	93.489	+0.050%	$967K	$614K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0091%	1h	93.400	−0.046%	$3.5M	$5.4M	20x	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	−0.0077%	8h	93.380	−0.067%	$21.9M	$50.0M	100x	as long as short
tradeXYZ xyz:CL	−0.0071%	1h	93.442	−0.001%	$184.9M	$213.5M	20x	as long as short
OKX CL-USDT-SWAPshort	−0.0050%	4h	93.460	+0.018%	$42.7M	$102.9M	50x
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.500	+0.061%	$404K	$931K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.430	−0.014%	$2.3M	$2.5M	10x	as long as short
edgeX CLUSDC	−0.0010%	4h	93.378	−0.070%	$525K	$306K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.495	+0.056%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.470	+0.029%	$27.2M	$79.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.501	+0.062%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.500	+0.061%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.461	+0.019%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.004	−0.470%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0014%	8h	93.433	−0.010%	$16K	$367	5x	as long as short
Lighter WTI	+0.0016%	1h	93.441	−0.002%	$11.2M	$9.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.480	+0.040%	$2.0M	$17.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.450	+0.007%	$740K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.450	+0.007%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.452	+0.010%	$332K	$577K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.447	+0.004%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.445	+0.002%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0080%	4h	93.471	+0.030%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.420	−0.025%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.423	−0.021%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0189%	4h	93.460	+0.018%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.64	+9.848%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0238% / S −0.0171%	1h	93.445	+0.002%	$84K	—	111x	as long as short