CL

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Coinbase InternationalWTIOIL-PERP-INTX	90.360	+0.0184	pay 0.0023% / 1h	32m 05s	$143K	$3.6M	15x	Long Coinbase International
SHORT	PopdexCLUSDT	90.479	+0.0048	get 0.0006% / 1h	32m 05s	$537K	$905K	20x	Short Popdex

Price gap+0.132%

Funding gap−0.0136% /8h

The gap pays +$13 on $10k if it goes back to its 7d average, but funding costs $4 a day and eats that in about 3.1 days.

Funding on this pair paid 0.103% over the last 7 days: the rate has only just turned.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$10−0.0136% /8h now · paid +0.103% over the last 6 days (all we have)

Price+$13spread +0.132% now, avg +0.005% → +0.127% if it goes back

Costs−$210.212% of $10k · taker + slippage, in and out

Result+$2+0.02%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…

Price spread

Prices

Fundingper 8h

P&L

PRICE SPREAD · 7D

Now+0.132%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CL on 38 exchanges

lowest funding first

Before you open

3 ok · 2 to watch

OK: Fits both order books8.2 / 3.9 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$667 + $500
Coinbase International 15x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$4.08Long Coinbase International: 24 payments, −$5.52; short Popdex: 24 payments, +$1.44.
OK: Entry gap works for you+0.132% vs +0.005%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$143K vs $537K OI
Coinbase International sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCCoinbase International Yes · Popdex No
ID and a suitability check; perps are for eligible non-US countries, not for US or UK retail.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0057%/8h × 21 periods+$11.90

Price spread+0.132% → +0.005% (7d avg)+$12.72

Slippage, 4 orderslive order books−$6.76

Fee Coinbase International bp × 2 orders−$8.00

Fee Popdex bp × 2 orders−$6.40

Net · 7 days · $10k+$3.45

Costs to cover0.212%Break-even5.0 days

Slippage: Coinbase International: live order book, 1 min ago; Popdex: live order book, 50 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGCoinbase International1.118.2 bp−$89.6 bp−$96doesn’t fitdoesn’t fit

SELL · SHORTPopdex0.723.9 bp−$44.4 bp−$4417.8 bp−$1,775doesn’t fit

Closing costs about the same again.

CL news

posts that mention CL or Crude oil (WTI), from every exchangeSearch all news →

09-25 16:46	Kalshi	Other	BREAKING: WTI oil down nearly 3% in the last 1 hour as Al Jazeera reports US-Iran talks have entered "technical stage" @Kalshi on X ↗
09-25 13:31	Vest Markets	Other	At the open, $CL is down around 2%, with Iran proposing on Thursday to reopen the Strait of Hormuz within seven days. Negotiators are exploring a phased arrangement in which Tehran reopens the strait and Washington lifts its economic blockade of Iran, per Reuters. Trade $CL volatility with a Vest Capital funded account and access up to $25k in trading capital. @VestExchange on X ↗

CL