CL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0258%/8h= +28.2% APRnext payment +$0.32 per $10,000 · paid last 24h +0.001%

Price spread now: Coinbase International against Bullet−0.197%7-day average −0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on Bullet Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.145%−$15 on $10k

Price spread, last 3 days (all we have)+0.100%+$10 · spread now −0.197%, 7d avg −0.102%

Together, before fees−0.045%−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.095% cheaper against Bullet than usual: you would sell low and buy high (spread −0.197% now, against its 7-day average of −0.102%). If the spread goes back, that is −$9 on $10k: about 29 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 3 days funding on this pair cost −0.145%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet WTIOIL-USD	91.901	−0.0146	get 0.0018% / 1h	27m 30s	$18K	$240K	10x
Short	Coinbase International WTIOIL-PERP-INTX	91.720	0.0112	get 0.0014% / 1h	27m 30s	$384K	$1.2M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bullet. 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 BulletbpFee Coinbase InternationalbpOrdersPrice spread, now −0.197%Rate

Funding earned: $54.08
Price spread: −0.197% → −0.102%: −$9.47
Slippage, 4 orders: −$12.26
Fee Bullet: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $14.35
Costs to cover: 0.303%
Break-even: 5.1 days

Slippage from Bullet: live order book, 56 min ago; Coinbase International: live order book, 1 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 Bullet live order book, 56 min ago	1.41 bp	7.4 bp −$7	18.3 bp −$183	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	1.63 bp	7.3 bp −$7	10.6 bp −$106	doesn't fit	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
Lighter WTI	−0.0320%	1h	91.860	−0.045%	$11.0M	$11.2M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0294%	1h	91.920	+0.021%	$95K	$260K	15x	as long as short
Aftermath Perps WTIUSD	−0.0206%	1h	91.932	+0.034%	$2K	$30K	5x	as long as short
Nado WTI-PERP	−0.0182%	1h	91.962	+0.067%	$923K	$748K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0182%	1h	91.860	−0.045%	$3.5M	$6.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0158%	1h	91.912	+0.012%	$184.9M	$284.0M	20x	as long as short
Bullet WTIOIL-USDlong	−0.0146%	1h	91.901	long leg	$18K	$240K	10x
GRVT CL_USDT_Perp	−0.0114%	4h	91.887	−0.016%	$58K	$726K	25x	as long as short
Paradex CL-USD-PERP	−0.0105%	8h	91.877	−0.026%	$15K	$367	5x	as long as short
Aster CLUSD1	−0.0077%	4h	91.920	+0.021%	$23.9M	$78.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended WTI-USD	−0.0024%	1h	91.960	+0.064%	$2.0M	$29.1M	10x	as long as short
Polymarket Perps WTIOIL-USD	−0.0019%	1h	91.889	−0.013%	$1.6M	$1.4M	20x	as long as short
StandX CL-USD	−0.0002%	1h	91.890	−0.012%	$722K	$3.1M	40x	as long as short
dYdX WTI-USD	0.0000%	1h	91.939	+0.042%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.892	−0.010%	$245.4M	$1.12B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.911	+0.011%	$25.3M	$97.3M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.890	−0.012%	$43.1M	$113.9M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.890	−0.012%	$2.4M	$2.6M	10x	as long as short
Gate CL_USDT	0.0000%	8h	91.830	−0.077%	$21.2M	$59.1M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.891	−0.011%	$42.0M	$53.9M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.884	−0.019%	$13.4M	$13.6M	—	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.490	−0.447%	$4K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.970	+0.075%	$37K	$99K	20x	as long as short
edgeX CLUSDC	+0.0013%	4h	91.933	+0.035%	$529K	$340K	30x	as long as short
Vest CL-PERP	+0.0046%	1h	92.000	+0.108%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.905	+0.004%	$2.0M	$39K	20x	as long as short
ApeX Omni CLUSDT	+0.0065%	1h	91.870	−0.034%	$55K	$266K	50x	as long as short
Pacifica CL	+0.0100%	1h	91.897	−0.004%	$332K	$579K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.900	−0.001%	$7.3M	$2.1M	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.877	−0.026%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTXshort	+0.0112%	1h	91.720	−0.197%	$384K	$1.2M	15x
Injective WTI/USDC PERP	+0.0172%	1h	100.99	+9.893%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	91.895	−0.007%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.920	+0.021%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0451%	1h	91.916	+0.016%	$260K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	92.012	+0.121%	$3.2M	$2.8M	20x	as long as short