CL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.016%

Price spread now: Polymarket Perps against Bullet−0.015%7-day average +0.025% · 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−$34as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on Bullet Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.062%+$6 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.015%, 7d avg +0.025%

Together, before fees+0.105%+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.041% cheaper against Bullet than usual: you would sell low and buy high (spread −0.015% now, against its 7-day average of +0.025%). If the spread goes back, that is −$4 on $10k: about 2.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet WTIOIL-USD	93.655	0	get 0.0000% / 1h	31m 38s	$19K	$240K	10x
Short	Polymarket Perps WTIOIL-USD	93.641	0.0050	get 0.0006% / 1h	31m 38s	$1.7M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.015%Rate

Funding earned: $10.5
Price spread: −0.015% → +0.025%: −$4.05
Slippage, 4 orders: −$13.93
Fee Bullet: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$23.48
Costs to cover: 0.299%
Break-even: 22.7 days

Slippage from Bullet: live order book, 12 min ago; Polymarket Perps: 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 Bullet live order book, 12 min ago	1.55 bp	8.7 bp −$9	17.2 bp −$172	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	2.56 bp	6.7 bp −$7	6.7 bp −$67	12.3 bp −$1,234	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	−0.0390%	1h	93.630	−0.027%	$197K	$383K	15x	as long as short
Aster CLUSD1	−0.0270%	4h	93.689	+0.036%	$24.6M	$65.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0252%	4h	93.731	+0.080%	$58K	$629K	25x	as long as short
Binance CLUSDT	−0.0146%	4h	93.662	+0.007%	$247.2M	$917.5M	100x	as long as short
Aftermath Perps WTIUSD	−0.0141%	1h	93.706	+0.054%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.664	+0.009%	$283K	$960K	25x	as long as short
Variational Omni CL	−0.0136%	4h	93.679	+0.025%	$13.5M	$10.6M	—	as long as short
Ondo Perps WTI-USD.P	−0.0111%	1h	93.620	−0.038%	$3.5M	$5.4M	20x	as long as short
Gate CL_USDT	−0.0105%	8h	93.580	−0.081%	$22.4M	$49.1M	100x	as long as short
Bitget CLUSDT	−0.0100%	4h	93.655	−0.001%	$42.3M	$42.1M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0098%	4h	93.745	+0.095%	$527K	$306K	30x	as long as short
tradeXYZ xyz:CL	−0.0070%	1h	93.647	−0.009%	$185.1M	$206.7M	20x	as long as short
Nado WTI-PERP	−0.0055%	1h	93.714	+0.063%	$966K	$622K	10x	as long as short
QFEX CL-USD	−0.0023%	1h	93.670	+0.016%	$2.3M	$2.5M	10x	as long as short
OKX CL-USDT-SWAP	−0.0016%	4h	93.660	+0.005%	$42.6M	$101.4M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.166%	$404K	$916K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.733	+0.083%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.675	+0.021%	$27.0M	$79.1M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.718	+0.067%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.760	+0.112%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USDlong	0.0000%	1h	93.655	long leg	$19K	$240K	10x
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.206	−0.480%	$5K	—	150x	as long as short
Lighter WTI	+0.0024%	1h	93.647	−0.009%	$11.3M	$9.6M	20x	as long as short
Paradex CL-USD-PERP	+0.0027%	8h	93.642	−0.015%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.690	+0.037%	$2.0M	$15.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.690	+0.037%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.670	+0.016%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USDshort	+0.0050%	1h	93.641	−0.015%	$1.7M	$1.3M	20x
SoDEX CL-USD	+0.0050%	1h	93.657	+0.002%	$2.1M	$61K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.657	+0.002%	$333K	$575K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.685	+0.032%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.790	+0.144%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.633	−0.024%	$4K	—	10x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.97	+9.949%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0224%	4h	93.730	+0.080%	$4.0M	$978K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0245% / S −0.0179%	1h	93.655	−0.001%	$84K	—	111x	as long as short