CL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0642%/8h= +70.3% APRnext payment +$0.80 per $10,000 · paid last 24h +0.066%

Price spread now: Extended against Deribit+0.086%7-day average −0.012% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$180.180% of the position

Long on Deribit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.218%+$22 on $10k

Price spread, last 4 days (all we have)+0.280%+$28 · spread now +0.086%, 7d avg −0.012%

Together, before fees+0.497%+ Points / potential airdropExtended: Active · farm board+$50 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Extended is 0.098% dearer against Deribit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.012%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.218% in total (about 19.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.80 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WTIOIL_USDC-PERPETUAL	92.920	−0.0610	get 0.0076% / 1h	50m 15s	$188K	$407K	15x
Short	Extended WTI-USD	93.000	0.0032	get 0.0004% / 1h	50m 15s	$1.7M	$14.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Deribit. 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 DeribitbpFee ExtendedbpOrdersPrice spread, now +0.086%Rate

Funding earned: $134.87
Price spread: +0.086% → −0.012%: $9.78
Slippage, 4 orders: −$6.03
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $126.62
Costs to cover: 0.180%
Break-even: 0.4 days

Slippage from Deribit: live order book, 48 min ago; Extended: live order book, 4 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 Deribit live order book, 48 min ago	0.54 bp	4.0 bp −$4	6.2 bp −$62	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	0.05 bp	7.4 bp −$7	9.2 bp −$92	25.8 bp −$2,579	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-PERPETUALlong	−0.0610%	1h	92.920	long leg	$188K	$407K	15x
Kraken Futures PF_WTIOILUSD	−0.0313%	1h	92.964	+0.047%	$271K	$930K	25x	as long as short
GRVT CL_USDT_Perp	−0.0290%	4h	92.887	−0.036%	$74K	$614K	25x	as long as short
Aster CLUSD1	−0.0245%	4h	92.960	+0.043%	$24.7M	$61.6M	20x	as long as short
Gate CL_USDT	−0.0220%	8h	92.880	−0.043%	$23.3M	$48.8M	100x	as long as short
Binance CLUSDT	−0.0139%	4h	92.940	+0.022%	$246.6M	$929.8M	100x	as long as short
Variational Omni CL	−0.0127%	4h	92.920	0.000%	$13.5M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0116%	1h	92.978	+0.062%	$951K	$612K	10x	as long as short
Bitget CLUSDT	−0.0094%	4h	92.933	+0.014%	$42.0M	$41.7M	100x	as long as short
Aftermath Perps WTIUSD	−0.0079%	1h	92.985	+0.070%	$1K	$26K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0075%	1h	92.965	+0.048%	$184.1M	$195.7M	20x	as long as short
OKX CL-USDT-SWAP	−0.0064%	4h	92.940	+0.022%	$42.5M	$103.2M	50x	as long as short
Ondo Perps WTI-USD.P	−0.0048%	1h	92.920	0.000%	$3.6M	$5.3M	20x	as long as short
edgeX CLUSDC	−0.0044%	4h	92.888	−0.035%	$542K	$342K	30x	as long as short
QFEX CL-USD	−0.0026%	1h	92.920	0.000%	$2.3M	$2.5M	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.953	+0.036%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.950	+0.032%	$27.1M	$80.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.959	+0.042%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.957	+0.040%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.520	−0.430%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0006%	8h	92.901	−0.020%	$16K	$367	5x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.910	−0.011%	$37K	$39K	20x	as long as short
Lighter WTI	+0.0016%	1h	92.937	+0.018%	$11.2M	$8.6M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	93.160	+0.258%	$404K	$808K	15x	as long as short
Extended WTI-USDshort	+0.0032%	1h	93.000	+0.086%	$1.7M	$14.9M	10x
StandX CL-USD	+0.0040%	1h	92.940	+0.022%	$732K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.950	+0.032%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.944	+0.026%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.939	+0.020%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.935	+0.016%	$346K	$587K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.963	+0.046%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.940	+0.022%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.919	−0.001%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S 0.0000%	1h	92.955	+0.038%	$85K	—	111x	as long as short
BloFin CL-USDT	+0.0175%	4h	92.940	+0.022%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.916%	$19K	$5K	30x	as long as short