CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0055%/8h= −6.0% APRnext payment −$0.55 per $10,000 · paid last 24h −0.020%

Price spread now: Gate against Bybit−0.077%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 7 days−0.010%−$1 · spread now −0.077%, 7d avg −0.059%

Together, before fees−0.043%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.059%, 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	Bybit CLUSDT	93.152	0	get 0.0000% / 8h	4h 50m	$26.8M	$80.7M	150x
Short	Gate CL_USDT	93.080	−0.0055	pay 0.0055% / 8h	4h 50m	$20.9M	$51.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now −0.077%Rate

Funding earned: −$11.55
Price spread: −0.077% → −0.059%: −$1.86
Slippage, 4 orders: −$5.71
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$45.12
Costs to cover: 0.317%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 4 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 Bybit live order book, 4 min ago	0.54 bp	6.9 bp −$7	7.9 bp −$79	15.4 bp −$1,543	79.3 bp −$39.6K
Sell Gate live order book, 4 min ago	0.54 bp	9.5 bp −$9	14.3 bp −$143	30.3 bp −$3,029	37.7 bp −$18.9K

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	−0.0501%	1h	93.100	−0.056%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0255%	4h	93.150	−0.002%	$24.0M	$67.9M	20x	as long as short
GRVT CL_USDT_Perp	−0.0244%	4h	93.132	−0.021%	$54K	$635K	25x	as long as short
Binance CLUSDT	−0.0196%	4h	93.130	−0.024%	$244.8M	$951.3M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0195%	1h	93.153	+0.001%	$274K	$872K	25x	as long as short
Variational Omni CL	−0.0187%	4h	93.109	−0.046%	$13.5M	$11.3M	—	as long as short
tradeXYZ xyz:CL	−0.0104%	1h	93.123	−0.031%	$185.1M	$216.0M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0100%	1h	93.080	−0.077%	$3.5M	$5.6M	20x	as long as short
Aftermath Perps WTIUSD	−0.0079%	1h	93.129	−0.024%	$2K	$27K	5x	as long as short
OKX CL-USDT-SWAP	−0.0070%	4h	93.130	−0.024%	$42.6M	$103.1M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CLUSDT	−0.0062%	4h	93.119	−0.035%	$42.0M	$43.8M	100x	as long as short
Gate CL_USDTshort	−0.0055%	8h	93.080	−0.077%	$20.9M	$51.2M	100x
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.432%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0043%	1h	93.120	−0.034%	$2.5M	$1.7M	10x	as long as short
Extended WTI-USD	−0.0032%	1h	93.160	+0.009%	$2.1M	$21.6M	10x	as long as short
Lighter WTI	−0.0024%	1h	93.116	−0.039%	$11.2M	$10.5M	20x	as long as short
Nado WTI-PERP	−0.0023%	1h	93.201	+0.052%	$963K	$652K	10x	as long as short
edgeX CLUSDC	−0.0012%	4h	93.174	+0.024%	$531K	$301K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.195	+0.047%	$8K	$3K	5x	as long as short
Bybit CLUSDTlong	0.0000%	8h	93.152	long leg	$26.8M	$80.7M	150x
RISEx CL/USDC	0.0000%	1h	93.221	+0.074%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.230	+0.084%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.141	−0.012%	$18K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.688	−0.498%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0004%	4h	93.133	−0.020%	$7.1M	$2.4M	50x	as long as short
Paradex CL-USD-PERP	+0.0015%	8h	93.134	−0.019%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	93.140	−0.013%	$735K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.150	−0.002%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.144	−0.009%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.123	−0.031%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	93.152	0.000%	$329K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.160	+0.009%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.105	−0.050%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0168%	4h	93.180	+0.030%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0209% / S −0.0134%	1h	93.125	−0.029%	$79K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.31	+9.833%	$19K	$11K	30x	as long as short