CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0371%/8h= −40.6% APRnext payment −$1.86 per $10,000 · paid last 24h −0.096%

Price spread now: Binance against BloFin0.000%91s7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$250.252% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.373%−$37 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now 0.000%, 7d avg +0.050%

Together, before fees−0.321%−$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Binance is 0.050% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.050%). Swap the legs. The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CL-USDT	93.320	0.0175	pay 0.0087% / 4h	2h 53m	$4.0M	$986K	50x
Short	Binance CLUSDT	93.320	−0.0196	pay 0.0098% / 4h	2h 53m	$246.4M	$937.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: −$77.95
Price spread: 0.000% → +0.050%: −$4.98
Slippage, 4 orders: −$3.21
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$108.14
Costs to cover: 0.252%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Binance: 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 BloFin live order book, 5 min ago	1.07 bp	7.1 bp −$7	7.4 bp −$74	11.5 bp −$1,148	31.4 bp −$15.7K
Sell Binance live order book, 5 min ago	0.54 bp	5.5 bp −$6	5.5 bp −$55	8.5 bp −$847	22.8 bp −$11.4K

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	−0.0714%	1h	93.250	−0.075%	$197K	$372K	15x	as long as short
GRVT CL_USDT_Perp	−0.0340%	4h	93.316	−0.004%	$58K	$649K	25x	as long as short
Aster CLUSD1	−0.0292%	4h	93.345	+0.027%	$24.3M	$66.5M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.304	−0.017%	$282K	$961K	25x	as long as short
Binance CLUSDTshort	−0.0196%	4h	93.320	0.000%	$246.4M	$937.7M	100x
Ondo Perps WTI-USD.P	−0.0182%	1h	93.260	−0.064%	$3.5M	$5.3M	20x	as long as short
Variational Omni CL	−0.0180%	4h	93.309	−0.012%	$13.3M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0136%	1h	93.358	+0.041%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0134%	4h	93.320	0.000%	$42.1M	$43.1M	100x	as long as short
Nado WTI-PERP	−0.0123%	1h	93.349	+0.031%	$967K	$623K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0084%	1h	93.319	−0.001%	$184.5M	$215.4M	20x	as long as short
Gate CL_USDT	−0.0074%	8h	93.270	−0.054%	$21.5M	$49.1M	100x	as long as short
OKX CL-USDT-SWAP	−0.0067%	4h	93.320	0.000%	$42.6M	$102.6M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.171%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.310	−0.011%	$2.3M	$2.1M	10x	as long as short
Lighter WTI	−0.0024%	1h	93.313	−0.008%	$11.2M	$9.8M	20x	as long as short
edgeX CLUSDC	−0.0019%	4h	93.330	+0.011%	$525K	$305K	30x	as long as short
Paradex CL-USD-PERP	−0.0013%	8h	93.305	−0.016%	$16K	$367	5x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.370	+0.054%	$37K	$41K	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	+0.010%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.338	+0.019%	$27.0M	$79.9M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.373	+0.056%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.285	−0.038%	$18K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.846	−0.508%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0024%	1h	93.370	+0.054%	$2.0M	$18.1M	10x	as long as short
KuCoin CLUSDTM	+0.0030%	4h	93.327	+0.008%	$7.1M	$2.4M	50x	as long as short
StandX CL-USD	+0.0040%	1h	93.320	0.000%	$738K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.300	−0.021%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.318	−0.002%	$331K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.286	−0.036%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.285	−0.038%	$2.1M	$60K	20x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.290	−0.032%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.253	−0.071%	$4K	—	10x	as long as short
BloFin CL-USDTlong	+0.0175%	4h	93.320	long leg	$4.0M	$986K	50x
Injective WTI/USDC PERP	+0.0220%	1h	102.57	+9.914%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0229% / S −0.0159%	1h	93.285	−0.038%	$82K	—	111x	as long as short