CL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0066%/8h= +7.2% APRnext payment +$0.08 per $10,000 · paid last 24h −0.013%

Price spread now: tradeXYZ against Coinbase International+0.155%7-day average +0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on Coinbase International Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.165%+$16 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.155%, 7d avg +0.118%

Together, before fees+0.093%+ Points / potential airdroptradeXYZ: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.037% dearer against Coinbase International than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.118%.

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	58m 27s	$405K	$862K	15x
Short	tradeXYZ xyz:CL	93.685	0.0050	get 0.0006% / 1h	58m 27s	$185.2M	$205.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.155%Rate

Funding earned: $13.86
Price spread: +0.155% → +0.118%: $3.67
Slippage, 4 orders: −$5.84
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$16.31
Costs to cover: 0.338%
Break-even: 15.2 days

Slippage from Coinbase International: live order book, 20 min ago; tradeXYZ: live order book, 12 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, 20 min ago	1.07 bp	9.0 bp −$9	11.0 bp −$110	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 12 min ago	0.11 bp	9.7 bp −$10	9.9 bp −$99	10.6 bp −$1,059	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	−0.0604%	1h	93.640	+0.107%	$196K	$388K	15x	as long as short
GRVT CL_USDT_Perp	−0.0308%	4h	93.381	−0.170%	$53K	$607K	25x	as long as short
Aster CLUSD1	−0.0294%	4h	93.716	+0.188%	$24.7M	$64.8M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0208%	1h	93.735	+0.208%	$276K	$967K	25x	as long as short
Binance CLUSDT	−0.0169%	4h	93.700	+0.171%	$247.6M	$922.6M	100x	as long as short
Variational Omni CL	−0.0159%	4h	93.419	−0.130%	$13.4M	$10.7M	—	as long as short
Bitget CLUSDT	−0.0128%	4h	93.657	+0.125%	$42.4M	$42.1M	100x	as long as short
Aftermath Perps WTIUSD	−0.0128%	1h	93.502	−0.041%	$2K	$26K	5x	as long as short
Gate CL_USDT	−0.0126%	8h	93.600	+0.064%	$22.9M	$48.2M	100x	as long as short
Nado WTI-PERP	−0.0114%	1h	93.721	+0.193%	$963K	$630K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0057%	4h	93.670	+0.139%	$42.8M	$103.2M	50x	as long as short
edgeX CLUSDC	−0.0046%	4h	93.416	−0.133%	$525K	$306K	30x	as long as short
QFEX CL-USD	−0.0038%	1h	93.700	+0.171%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTXlong	−0.0016%	1h	93.540	long leg	$405K	$862K	15x
dYdX WTI-USD	0.0000%	1h	93.699	+0.170%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.700	+0.171%	$26.9M	$79.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.687	+0.157%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.440	−0.107%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.719	+0.191%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.232	−0.329%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0001%	8h	93.641	+0.108%	$16K	$367	5x	as long as short
Lighter WTI	+0.0016%	1h	93.666	+0.135%	$11.3M	$9.1M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.690	+0.160%	$1.9M	$14.9M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0033%	1h	93.620	+0.086%	$3.5M	$5.4M	20x	as long as short
StandX CL-USD	+0.0040%	1h	93.730	+0.203%	$743K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.640	+0.107%	—	$313K	10x	as long as short
tradeXYZ xyz:CLshort	+0.0050%	1h	93.685	+0.155%	$185.2M	$205.0M	20x
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.662	+0.130%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.675	+0.144%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.673	+0.142%	$350K	$594K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.673	+0.142%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.480	−0.064%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.654	+0.122%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0179%	4h	93.630	+0.096%	$4.1M	$973K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.82	+9.920%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0251% / S −0.0186%	1h	93.685	+0.155%	$84K	—	111x	as long as short