CL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0186%/8h= +20.4% APRnext payment +$0.23 per $10,000 · paid last 24h +0.058%

Price spread now: GMX against Coinbase International−0.059%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.059% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.059% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 25 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WTIOIL-PERP-INTX	93.190	−0.0040	get 0.0005% / 1h	50m 54s	$401K	$928K	15x
Short	GMX WTIOIL/USD [ETH-USDC]	93.135	L +0.0219% / S −0.0146%	get 0.0018% / 1h	50m 54s	$81K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.059%Rate

Funding earned: $39.1
Price spread: −0.059% → 0.000%: −$5.9
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $11.2
Costs to cover: 0.220%
Break-even: 5.0 days

Slippage unknown: Coinbase International: live order book, 42 min ago; GMX: no order-book sample. Net counts fees only.

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, 42 min ago	2.15 bp	7.4 bp −$7	9.4 bp −$94	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0287%	1h	93.120	−0.075%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0266%	4h	93.146	−0.047%	$24.1M	$66.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0238%	4h	93.007	−0.197%	$54K	$658K	25x	as long as short
Binance CLUSDT	−0.0175%	4h	93.131	−0.064%	$245.0M	$942.7M	100x	as long as short
Variational Omni CL	−0.0167%	4h	93.119	−0.077%	$13.5M	$10.7M	—	as long as short
Bitget CLUSDT	−0.0126%	4h	93.121	−0.074%	$42.0M	$43.3M	100x	as long as short
Nado WTI-PERP	−0.0119%	1h	93.109	−0.087%	$964K	$645K	10x	as long as short
Aftermath Perps WTIUSD	−0.0109%	1h	93.045	−0.156%	$2K	$27K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0096%	1h	93.060	−0.139%	$3.5M	$5.3M	20x	as long as short
edgeX CLUSDC	−0.0077%	4h	93.022	−0.180%	$526K	$303K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.154	−0.039%	$268K	$935K	25x	as long as short
Gate CL_USDT	−0.0046%	8h	93.090	−0.107%	$20.9M	$50.7M	100x	as long as short
OKX CL-USDT-SWAP	−0.0042%	4h	93.140	−0.054%	$42.6M	$102.6M	50x	as long as short
Coinbase International WTIOIL-PERP-INTXlong	−0.0040%	1h	93.190	long leg	$401K	$928K	15x
QFEX CL-USD	−0.0033%	1h	93.110	−0.086%	$2.3M	$1.8M	10x	as long as short
KuCoin CLUSDTM	−0.0020%	4h	93.134	−0.060%	$7.1M	$2.4M	50x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.050	−0.150%	$37K	$41K	20x	as long as short
tradeXYZ xyz:CL	−0.0002%	1h	93.133	−0.061%	$184.7M	$218.7M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.030	−0.171%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.150	−0.043%	$26.5M	$80.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.206	+0.018%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.142	−0.052%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.687	−0.540%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0011%	8h	93.116	−0.079%	$16K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	93.137	−0.057%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.160	−0.032%	$2.0M	$19.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.050	−0.150%	$735K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.120	−0.075%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.138	−0.056%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.137	−0.057%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.087	−0.111%	$330K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.120	−0.075%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.095	−0.102%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0196%	4h	93.070	−0.129%	$4.0M	$996K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]short	L +0.0219% / S −0.0146%	1h	93.135	−0.059%	$81K	—	111x
Injective WTI/USDC PERP	+0.0220%	1h	102.17	+9.632%	$19K	$11K	30x	as long as short