CL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.03 per $10,000 · paid last 24h +0.011%

Price spread now: Pacifica against Coinbase International−0.035%7-day average +0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$270.271% of the position

Long on Coinbase International Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.258%+$26 on $10k

Price spread, last 3 days (all we have)+0.150%+$15 · spread now −0.035%, 7d avg +0.077%

Together, before fees+0.407%+ Points / potential airdropPacifica: Active · farm board+$41 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Pacifica is 0.112% cheaper against Coinbase International than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.077%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.258%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WTIOIL-PERP-INTX	92.030	0	get 0.0000% / 1h	53m 23s	$399K	$998K	15x
Short	Pacifica CL	91.997	−0.0020	pay 0.0003% / 1h	53m 23s	$332K	$578K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.035%Rate

Funding earned: −$4.3
Price spread: −0.035% → +0.077%: −$11.21
Slippage, 4 orders: −$9.09
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$42.61
Costs to cover: 0.271%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Pacifica: live order book, 25 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	1.63 bp	6.6 bp −$7	9.1 bp −$91	doesn't fit	doesn't fit
Sell Pacifica live order book, 25 min ago	0.05 bp	6.3 bp −$6	doesn't fit	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
Kraken Futures PF_WTIOILUSD	−0.0451%	1h	92.013	−0.019%	$275K	$1.2M	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0293%	1h	92.000	−0.033%	$95K	$189K	15x	as long as short
GRVT CL_USDT_Perp	−0.0266%	4h	92.040	+0.011%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0197%	4h	92.010	−0.022%	$24.0M	$77.6M	20x	as long as short
Nado WTI-PERP	−0.0152%	1h	92.058	+0.031%	$923K	$746K	10x	as long as short
Lighter WTI	−0.0144%	1h	91.987	−0.047%	$11.1M	$10.9M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0110%	1h	91.960	−0.076%	$3.5M	$6.4M	20x	as long as short
Binance CLUSDT	−0.0107%	4h	91.990	−0.043%	$244.4M	$1.11B	100x	as long as short
Paradex CL-USD-PERP	−0.0098%	8h	91.963	−0.073%	$15K	$367	5x	as long as short
tradeXYZ xyz:CL	−0.0092%	1h	92.008	−0.024%	$185.5M	$275.6M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CL	−0.0071%	4h	92.063	+0.035%	$13.4M	$13.3M	—	as long as short
Bullet WTIOIL-USD	−0.0061%	1h	91.985	−0.049%	$19K	$241K	10x	as long as short
QFEX CL-USD	−0.0054%	1h	91.980	−0.054%	$2.4M	$2.6M	10x	as long as short
Pacifica CLshort	−0.0020%	1h	91.997	−0.035%	$332K	$578K	10x
Gate CL_USDT	−0.0019%	8h	91.930	−0.109%	$21.3M	$57.4M	100x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.084%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.020	−0.011%	$25.5M	$95.0M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.980	−0.054%	$43.0M	$113.2M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.114	+0.091%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	91.984	−0.050%	$41.9M	$52.2M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.060	+0.033%	$37K	$101K	20x	as long as short
Coinbase International WTIOIL-PERP-INTXlong	0.0000%	1h	92.030	long leg	$399K	$998K	15x
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.595	−0.473%	$4K	—	150x	as long as short
Aftermath Perps WTIUSD	+0.0024%	1h	92.027	−0.003%	$2K	$29K	5x	as long as short
Extended WTI-USD	+0.0032%	1h	92.050	+0.022%	$2.0M	$27.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.050	+0.022%	$724K	$3.1M	40x	as long as short
Polymarket Perps WTIOIL-USD	+0.0043%	1h	91.989	−0.045%	$1.6M	$1.4M	20x	as long as short
Vest CL-PERP	+0.0046%	1h	92.060	+0.033%	—	$308K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.985	−0.049%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0052%	4h	92.091	+0.066%	$530K	$334K	30x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.995	−0.038%	$7.3M	$2.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.150	+0.130%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.964	−0.072%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	91.985	−0.049%	$76K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.28	+10.046%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.080	+0.054%	$4.0M	$1.4M	50x	as long as short