CL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h +0.008%

Price spread now: Extended against Coinbase International−0.032%7-day average +0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs+$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$220.221% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.311%+$31 on $10k

Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.032%, 7d avg +0.108%

Together, before fees+0.451%+ Points / potential airdropExtended: Active · farm board+$45 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.140% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of +0.108%). If the spread goes back, that is −$14 on $10k: about 6.5 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.311% in total) that is about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WTIOIL-PERP-INTX	93.500	−0.0040	get 0.0005% / 1h	15m 51s	$404K	$931K	15x
Short	Extended WTI-USD	93.470	0.0032	get 0.0004% / 1h	15m 51s	$2.0M	$17.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.032%Rate

Funding earned: $15.12
Price spread: −0.032% → +0.108%: −$13.98
Slippage, 4 orders: −$7.11
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$20.97
Costs to cover: 0.221%
Break-even: 16.7 days

Slippage from Coinbase International: live order book, 8 min ago; Extended: live order book, 3 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, 8 min ago	1.61 bp	8.6 bp −$9	11.0 bp −$110	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	0.05 bp	3.6 bp −$4	7.0 bp −$70	23.6 bp −$2,358	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	−0.0392%	1h	93.420	−0.086%	$196K	$376K	15x	as long as short
GRVT CL_USDT_Perp	−0.0294%	4h	93.442	−0.062%	$58K	$629K	25x	as long as short
Aster CLUSD1	−0.0289%	4h	93.510	+0.011%	$24.4M	$64.9M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.462	−0.041%	$285K	$958K	25x	as long as short
Binance CLUSDT	−0.0181%	4h	93.480	−0.021%	$246.2M	$932.5M	100x	as long as short
Variational Omni CL	−0.0170%	4h	93.440	−0.065%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0154%	1h	93.452	−0.051%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0128%	4h	93.456	−0.047%	$42.2M	$42.8M	100x	as long as short
Nado WTI-PERP	−0.0123%	1h	93.489	−0.011%	$967K	$614K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0091%	1h	93.400	−0.107%	$3.5M	$5.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0077%	8h	93.390	−0.118%	$21.9M	$50.0M	100x	as long as short
tradeXYZ xyz:CL	−0.0072%	1h	93.462	−0.041%	$184.9M	$213.5M	20x	as long as short
OKX CL-USDT-SWAP	−0.0049%	4h	93.460	−0.043%	$42.7M	$103.0M	50x	as long as short
Coinbase International WTIOIL-PERP-INTXlong	−0.0040%	1h	93.500	long leg	$404K	$931K	15x
QFEX CL-USD	−0.0032%	1h	93.430	−0.075%	$2.3M	$2.5M	10x	as long as short
edgeX CLUSDC	−0.0010%	4h	93.378	−0.131%	$525K	$306K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.495	−0.005%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.495	−0.005%	$27.2M	$79.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.501	+0.001%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.500	0.000%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.461	−0.042%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.004	−0.530%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0014%	8h	93.433	−0.071%	$16K	$367	5x	as long as short
Lighter WTI	+0.0016%	1h	93.470	−0.032%	$11.2M	$9.9M	20x	as long as short
Extended WTI-USDshort	+0.0032%	1h	93.470	−0.032%	$2.0M	$17.0M	10x
StandX CL-USD	+0.0040%	1h	93.450	−0.053%	$740K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.450	−0.053%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.452	−0.051%	$332K	$577K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.447	−0.057%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.450	−0.053%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0080%	4h	93.466	−0.036%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.420	−0.086%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.424	−0.081%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0189%	4h	93.460	−0.043%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.64	+9.781%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0238% / S −0.0171%	1h	93.455	−0.048%	$84K	—	111x	as long as short