CL

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h −0.070%

Price spread now: Deribit against Coinbase International+0.044%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−$31as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.077%+$8 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.044%, 7d avg +0.114%

Together, before fees+0.040%+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.069% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.044% now, against its 7-day average of +0.114%). If the spread goes back, that is −$7 on $10k: about 9.6 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.077% in total) that is about 3.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WTIOIL-PERP-INTX	89.910	−0.0024	get 0.0003% / 1h	10m 25s	$442K	$1.9M	15x
Short	Deribit WTIOIL_USDC-PERPETUAL	89.950	0	get 0.0000% / 1h	10m 25s	$38K	$626K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.044%Rate

Funding earned: $5.04
Price spread: +0.044% → +0.114%: −$6.92
Slippage, 4 orders: −$7.07
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$25.95
Costs to cover: 0.241%
Break-even: 43.0 days

Slippage from Coinbase International: live order book, 1 min ago; Deribit: 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, 1 min ago	1.67 bp	6.7 bp −$7	8.2 bp −$82	doesn't fit	doesn't fit
Sell Deribit live order book, 31 min ago	0.55 bp	5.4 bp −$5	7.9 bp −$79	doesn't fit	doesn't fit

CL on 36 exchanges

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
Kraken Futures PF_WTIOILUSD	−0.0231%	1h	89.969	+0.066%	$309K	$2.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0140%	4h	90.056	+0.162%	$67K	$662K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0108%	1h	89.860	−0.056%	$3.4M	$6.9M	20x	as long as short
Aftermath Perps WTIUSD	−0.0106%	1h	90.022	+0.124%	$1K	$26K	5x	as long as short
Bitget CLUSDT	−0.0096%	4h	89.923	+0.014%	$40.7M	$60.9M	100x	as long as short
tradeXYZ xyz:CL	−0.0084%	1h	89.925	+0.017%	$169.7M	$259.1M	20x	as long as short
Extended WTI-USD	−0.0072%	1h	89.920	+0.011%	$1.2M	$14.3M	10x	as long as short
Aster CLUSD1	−0.0071%	4h	89.990	+0.089%	$24.4M	$74.9M	20x	as long as short
Gate CL_USDT	−0.0059%	8h	89.860	−0.056%	$24.1M	$58.4M	100x	as long as short
Nado WTI-PERP	−0.0057%	1h	90.018	+0.120%	$888K	$708K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CLUSDT	−0.0038%	4h	89.944	+0.038%	$246.2M	$1.26B	100x	as long as short
edgeX CLUSDC	−0.0032%	4h	90.005	+0.105%	$503K	$355K	30x	as long as short
Coinbase International WTIOIL-PERP-INTXlong	−0.0024%	1h	89.910	long leg	$442K	$1.9M	15x
Variational Omni CL	−0.0018%	4h	89.940	+0.034%	$12.6M	$11.4M	—	as long as short
QFEX CL-USD	−0.0017%	1h	89.930	+0.022%	$2.3M	$3.2M	10x	as long as short
OKX CL-USDT-SWAP	−0.0011%	4h	89.930	+0.022%	$40.3M	$142.3M	50x	as long as short
Phoenix WTIOIL	−0.0009%	1h	89.980	+0.078%	$33K	$38K	20x	as long as short
Lighter WTI	−0.0008%	1h	89.871	−0.043%	$10.5M	$11.4M	20x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.552	−0.398%	$609	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	89.938	+0.031%	$9K	$4K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	89.955	+0.050%	$29.4M	$114.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.004	+0.104%	$2.8M	$3.1M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	89.927	+0.019%	$17K	$231K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUALshort	0.0000%	1h	89.950	+0.044%	$38K	$626K	15x
Paradex CL-USD-PERP	+0.0017%	8h	89.888	−0.024%	$15K	$458	5x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	90.137	+0.252%	$16K	$5K	30x	as long as short
StandX CL-USD	+0.0040%	1h	90.030	+0.133%	$694K	$2.7M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	89.920	+0.011%	—	$320K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	89.921	+0.012%	$1.7M	$1.6M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	89.950	+0.044%	$2.0M	$92K	20x	as long as short
Pacifica CL	+0.0100%	1h	89.894	−0.018%	$313K	$766K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	89.951	+0.046%	$6.8M	$3.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	90.150	+0.267%	$52K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	89.925	+0.017%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0134% / S +0.0045%	1h	89.935	+0.028%	$71K	—	111x	as long as short
BloFin CL-USDT	+0.0225%	4h	89.980	+0.078%	$3.9M	$1.0M	50x	as long as short