CL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0090%/8h= +9.9% APRnext payment +$0.11 per $10,000 · paid last 24h +0.015%

Price spread now: SoDEX against Coinbase International−0.008%7-day average +0.100% · 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−$64as in the Price arb table

costs, in and out, $10k−$530.532% of the position

Long on Coinbase International Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.195%+$19 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now −0.008%, 7d avg +0.100%

Together, before fees+0.167%+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.107% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.100%). If the spread goes back, that is −$11 on $10k: about 4.0 days of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.195% in total) that is about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WTIOIL-PERP-INTX	93.160	−0.0040	get 0.0005% / 1h	25m 43s	$403K	$929K	15x
Short	SoDEX CL-USD	93.153	0.0050	get 0.0006% / 1h	25m 43s	$2.1M	$60K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.008%Rate

Funding earned: $18.9
Price spread: −0.008% → +0.100%: −$10.71
Slippage, 4 orders: −$35.24
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$45.05
Costs to cover: 0.532%
Break-even: 23.7 days

Slippage from Coinbase International: live order book, 3 min ago; SoDEX: 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, 3 min ago	1.07 bp	9.0 bp −$9	10.4 bp −$104	doesn't fit	doesn't fit
Sell SoDEX live order book, 3 min ago	0.54 bp	18.6 bp −$19	96.8 bp −$968	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	−0.0716%	1h	93.120	−0.043%	$199K	$370K	15x	as long as short
GRVT CL_USDT_Perp	−0.0286%	4h	93.168	+0.009%	$54K	$645K	25x	as long as short
Aster CLUSD1	−0.0265%	4h	93.174	+0.015%	$24.2M	$66.3M	20x	as long as short
Binance CLUSDT	−0.0177%	4h	93.150	−0.011%	$245.7M	$940.3M	100x	as long as short
Variational Omni CL	−0.0162%	4h	93.128	−0.035%	$13.3M	$10.9M	—	as long as short
Bitget CLUSDT	−0.0128%	4h	93.147	−0.014%	$42.0M	$43.2M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0126%	1h	93.080	−0.086%	$3.5M	$5.3M	20x	as long as short
Nado WTI-PERP	−0.0121%	1h	93.243	+0.089%	$964K	$631K	10x	as long as short
Aftermath Perps WTIUSD	−0.0115%	1h	93.159	−0.001%	$2K	$27K	5x	as long as short
Gate CL_USDT	−0.0062%	8h	93.090	−0.075%	$21.2M	$51.4M	100x	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	93.143	−0.018%	$278K	$955K	25x	as long as short
edgeX CLUSDC	−0.0056%	4h	93.172	+0.013%	$524K	$307K	30x	as long as short
OKX CL-USDT-SWAP	−0.0049%	4h	93.130	−0.032%	$42.7M	$102.7M	50x	as long as short
tradeXYZ xyz:CL	−0.0044%	1h	93.151	−0.010%	$184.4M	$218.0M	20x	as long as short
Coinbase International WTIOIL-PERP-INTXlong	−0.0040%	1h	93.160	long leg	$403K	$929K	15x
QFEX CL-USD	−0.0033%	1h	93.130	−0.032%	$2.3M	$1.8M	10x	as long as short
Paradex CL-USD-PERP	−0.0020%	8h	93.139	−0.023%	$16K	$367	5x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.210	+0.054%	$37K	$41K	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.173	+0.014%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.160	0.000%	$26.8M	$80.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.219	+0.064%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.142	−0.019%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.722	−0.470%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0004%	4h	93.165	+0.005%	$7.1M	$2.4M	50x	as long as short
Lighter WTI	+0.0016%	1h	93.157	−0.003%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.200	+0.043%	$2.0M	$18.9M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.150	−0.011%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.170	+0.011%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.136	−0.026%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USDshort	+0.0050%	1h	93.153	−0.008%	$2.1M	$60K	20x
Pacifica CL	+0.0100%	1h	93.148	−0.013%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.170	+0.011%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.119	−0.044%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0196%	4h	93.180	+0.021%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.51	+10.036%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0222% / S −0.0150%	1h	93.145	−0.016%	$81K	—	111x	as long as short