CL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.017%

Price spread now: RISEx against Coinbase International−0.296%7-day average +0.163% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$240.237% of the position

Long on Coinbase International Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.263%+$26 on $10k

Price spread, last 4 days (all we have)+0.387%+$39 · spread now −0.296%, 7d avg +0.163%

Together, before fees+0.650%+$65 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.459% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.296% now, against its 7-day average of +0.163%). If the spread goes back, that is −$46 on $10k: about 3 months of funding at the current rate ($0 a day). At the pace of the last 4 days (+0.263% in total) that is about 6.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WTIOIL-PERP-INTX	93.540	−0.0016	get 0.0002% / 1h	8m 11s	$405K	$810K	15x
Short	RISEx CL/USDC	93.263	0	get 0.0000% / 1h	8m 11s	$3.0M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.296%Rate

Funding earned: $3.36
Price spread: −0.296% → +0.163%: −$45.89
Slippage, 4 orders: −$7.66
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$66.19
Costs to cover: 0.237%
Break-even: 144.9 days

Slippage from Coinbase International: live order book, 5 min ago; RISEx: live order book, 1 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	1.08 bp	6.6 bp −$7	9.3 bp −$93	doesn't fit	doesn't fit
Sell RISEx live order book, 1 min ago	1.39 bp	4.4 bp −$4	7.0 bp −$70	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0393%	1h	93.250	−0.310%	$195K	$397K	15x	as long as short
Aster CLUSD1	−0.0259%	4h	93.295	−0.262%	$24.8M	$62.7M	20x	as long as short
GRVT CL_USDT_Perp	−0.0230%	4h	93.059	−0.515%	$77K	$622K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0209%	1h	93.289	−0.268%	$277K	$930K	25x	as long as short
Binance CLUSDT	−0.0143%	4h	93.260	−0.299%	$247.6M	$922.3M	100x	as long as short
Gate CL_USDT	−0.0137%	8h	93.190	−0.374%	$23.2M	$50.6M	100x	as long as short
Variational Omni CL	−0.0136%	4h	93.053	−0.520%	$13.5M	$10.6M	—	as long as short
Nado WTI-PERP	−0.0110%	1h	93.268	−0.291%	$955K	$614K	10x	as long as short
Bitget CLUSDT	−0.0106%	4h	93.226	−0.336%	$42.2M	$41.5M	100x	as long as short
edgeX CLUSDC	−0.0089%	4h	93.053	−0.521%	$523K	$304K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSD	−0.0087%	1h	93.096	−0.474%	$1K	$26K	5x	as long as short
OKX CL-USDT-SWAP	−0.0075%	4h	93.240	−0.321%	$42.7M	$103.2M	50x	as long as short
QFEX CL-USD	−0.0038%	1h	93.190	−0.374%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTXlong	−0.0016%	1h	93.540	long leg	$405K	$810K	15x
tradeXYZ xyz:CL	−0.0016%	1h	93.265	−0.294%	$184.6M	$196.4M	20x	as long as short
Lighter WTI	−0.0008%	1h	93.234	−0.327%	$11.2M	$9.2M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0006%	1h	93.170	−0.396%	$3.6M	$5.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.288	−0.269%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.279	−0.279%	$27.1M	$79.7M	150x	as long as short
RISEx CL/USDCshort	0.0000%	1h	93.263	−0.296%	$3.0M	$2.8M	20x
Phoenix WTIOIL	0.0000%	1h	92.950	−0.631%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.266	−0.293%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.814	−0.776%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0009%	8h	93.209	−0.354%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.280	−0.278%	$1.7M	$15.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.120	−0.449%	$738K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.220	−0.342%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.257	−0.303%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.275	−0.283%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.236	−0.325%	$347K	$589K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.287	−0.270%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.120	−0.449%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.247	−0.313%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0162%	4h	93.070	−0.502%	$4.0M	$983K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.188%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0260% / S −0.0207%	1h	93.265	−0.294%	$84K	—	111x	as long as short