CL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.016%

Price spread now: SoDEX against Bullet−0.113%7-day average −0.018% · 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−$62as in the Price arb table

costs, in and out, $10k−$530.529% of the position

Long on Bullet Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.051%+$5 on $10k

Price spread, last 4 days (all we have)−0.238%−$24 · spread now −0.113%, 7d avg −0.018%

Together, before fees−0.187%−$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.095% cheaper against Bullet than usual: you would sell low and buy high (spread −0.113% now, against its 7-day average of −0.018%). If the spread goes back, that is −$9 on $10k: about 6.3 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	93.015	0	get 0.0000% / 1h	28m 08s	$19K	$239K	10x
Short	SoDEX CL-USD	92.910	0.0050	get 0.0006% / 1h	28m 08s	$2.1M	$69K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.113%Rate

Funding earned: $10.5
Price spread: −0.113% → −0.018%: −$9.49
Slippage, 4 orders: −$36.94
Fee Bullet: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$51.92
Costs to cover: 0.529%
Break-even: 41.6 days

Slippage from Bullet: live order book, 6 min ago; SoDEX: 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, 6 min ago	1.56 bp	8.4 bp −$8	16.9 bp −$169	doesn't fit	doesn't fit
Sell SoDEX live order book, 1 min ago	0.54 bp	18.3 bp −$18	89.2 bp −$892	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0610%	1h	92.890	−0.134%	$188K	$410K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0313%	1h	92.991	−0.026%	$272K	$945K	25x	as long as short
Aster CLUSD1	−0.0226%	4h	92.934	−0.087%	$24.9M	$60.3M	20x	as long as short
Binance CLUSDT	−0.0123%	4h	92.902	−0.122%	$246.0M	$930.5M	100x	as long as short
Variational Omni CL	−0.0109%	4h	92.750	−0.285%	$13.5M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0103%	1h	93.121	+0.114%	$953K	$598K	10x	as long as short
Gate CL_USDT	−0.0102%	8h	92.870	−0.156%	$23.5M	$49.9M	100x	as long as short
GRVT CL_USDT_Perp	−0.0094%	4h	92.724	−0.313%	$74K	$601K	25x	as long as short
edgeX CLUSDC	−0.0091%	4h	92.745	−0.290%	$541K	$343K	30x	as long as short
Aftermath Perps WTIUSD	−0.0072%	1h	92.885	−0.139%	$1K	$27K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CLUSDT	−0.0072%	4h	92.924	−0.098%	$42.2M	$41.6M	100x	as long as short
OKX CL-USDT-SWAP	−0.0047%	4h	92.900	−0.124%	$42.6M	$102.7M	50x	as long as short
QFEX CL-USD	−0.0026%	1h	93.070	+0.059%	$2.3M	$2.5M	10x	as long as short
tradeXYZ xyz:CL	−0.0013%	1h	92.955	−0.065%	$184.5M	$192.5M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.083	+0.073%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.933	−0.088%	$27.4M	$81.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.130	+0.124%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USDlong	0.0000%	1h	93.015	long leg	$19K	$239K	10x
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.548	−0.502%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.750	−0.285%	$37K	$39K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	92.610	−0.435%	$412K	$814K	15x	as long as short
Paradex CL-USD-PERP	+0.0017%	8h	93.048	+0.036%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.905	−0.118%	$11.3M	$8.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.930	−0.091%	$1.7M	$14.2M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0039%	1h	93.060	+0.048%	$3.6M	$5.2M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.930	−0.091%	$731K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.030	+0.016%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.054	+0.042%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USDshort	+0.0050%	1h	92.910	−0.113%	$2.1M	$69K	20x
Pacifica CL	+0.0100%	1h	93.097	+0.088%	$346K	$584K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.936	−0.085%	$7.1M	$2.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.770	−0.263%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.962	−0.057%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S −0.0007%	1h	92.955	−0.065%	$80K	—	111x	as long as short
BloFin CL-USDT	+0.0193%	4h	92.930	−0.091%	$4.1M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.804%	$19K	$5K	30x	as long as short