CL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h −0.003%

Price spread now: Bullet against Coinbase International+0.091%7-day average +0.114% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on Coinbase International Short on Bullet

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 4 days (all we have)+0.095%+$9 · spread now +0.091%, 7d avg +0.114%

Together, before fees+0.240%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bullet is 0.023% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.091% now, against its 7-day average of +0.114%). If the spread goes back, that is −$2 on $10k: about 46 hours of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.145% in total) that is about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WTIOIL-PERP-INTX	92.750	−0.0040	get 0.0005% / 1h	33m 02s	$402K	$944K	15x
Short	Bullet WTIOIL-USD	92.835	0	get 0.0000% / 1h	33m 02s	$18K	$242K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Coinbase International. 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 Coinbase InternationalbpFee BulletbpOrdersPrice spread, now +0.091%Rate

Funding earned: $8.4
Price spread: +0.091% → +0.114%: −$2.29
Slippage, 4 orders: −$8.32
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$20.2
Costs to cover: 0.263%
Break-even: 23.8 days

Slippage from Coinbase International: live order book, 5 min ago; Bullet: live order book, 31 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 Coinbase International live order book, 5 min ago	1.62 bp	6.9 bp −$7	9.2 bp −$92	doesn't fit	doesn't fit
Sell Bullet live order book, 31 min ago	0.54 bp	6.4 bp −$6	17.5 bp −$175	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	−0.0611%	1h	92.810	+0.065%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0249%	4h	92.834	+0.091%	$23.9M	$68.8M	20x	as long as short
GRVT CL_USDT_Perp	−0.0232%	4h	92.738	−0.013%	$61K	$625K	25x	as long as short
Binance CLUSDT	−0.0210%	4h	92.841	+0.098%	$244.9M	$955.9M	100x	as long as short
Variational Omni CL	−0.0204%	4h	92.697	−0.057%	$13.5M	$11.1M	—	as long as short
Ondo Perps WTI-USD.P	−0.0170%	1h	92.760	+0.011%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0149%	1h	92.835	+0.092%	$961K	$664K	10x	as long as short
Gate CL_USDT	−0.0091%	8h	92.790	+0.043%	$20.9M	$52.5M	100x	as long as short
tradeXYZ xyz:CL	−0.0068%	1h	92.850	+0.108%	$184.6M	$218.3M	20x	as long as short
OKX CL-USDT-SWAP	−0.0045%	4h	92.820	+0.075%	$42.8M	$102.0M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSD	−0.0040%	1h	92.810	+0.064%	$2K	$27K	5x	as long as short
Coinbase International WTIOIL-PERP-INTXlong	−0.0040%	1h	92.750	long leg	$402K	$944K	15x
QFEX CL-USD	−0.0032%	1h	92.800	+0.054%	$2.5M	$1.7M	10x	as long as short
edgeX CLUSDC	−0.0025%	4h	92.747	−0.003%	$528K	$302K	30x	as long as short
Extended WTI-USD	−0.0008%	1h	92.890	+0.151%	$2.1M	$22.8M	10x	as long as short
Lighter WTI	0.0000%	1h	92.843	+0.100%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.761	+0.012%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.847	+0.105%	$26.5M	$81.3M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.841	+0.098%	$41.9M	$43.3M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.790	+0.043%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USDshort	0.0000%	1h	92.835	+0.091%	$18K	$242K	10x
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.398	−0.380%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0018%	8h	92.760	+0.011%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.460	−0.313%	$727K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.830	+0.086%	—	$310K	10x	as long as short
KuCoin CLUSDTM	+0.0046%	4h	92.834	+0.091%	$7.3M	$2.3M	50x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.840	+0.097%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.835	+0.092%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	92.941	+0.205%	$3.3M	$2.7M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.765	+0.016%	$331K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.830	+0.086%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.792	+0.045%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.856	+0.114%	$273K	$872K	25x	as long as short
BloFin CL-USDT	+0.0197%	4h	92.730	−0.022%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.835	+0.092%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.95	+9.923%	$19K	$11K	30x	as long as short