CL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0469%/8h= +51.3% APRnext payment +$0.59 per $10,000 · paid last 24h +0.048%

Price spread now: gTrade (Gains Network) against Deribit−0.438%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. gTrade (Gains Network) is 0.438% cheaper against Deribit than usual: you would sell low and buy high (spread −0.438% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$44 on $10k: about 3.1 days of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WTIOIL_USDC-PERPETUAL	92.740	−0.0504	get 0.0063% / 1h	34m 40s	$187K	$410K	15x
Short	gTrade (Gains Network) WTI/USD	92.334	L 0.0000% / S +0.0036%	pay 0.0004% / 1h	34m 40s	$5K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.438%Rate

Funding earned: $98.39
Price spread: −0.438% → 0.000%: −$43.78
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Net: $39.61
Costs to cover: 0.150%
Break-even: 4.2 days

Slippage unknown: Deribit: live order book, 64 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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, 64 min ago	0.54 bp	4.0 bp −$4	6.2 bp −$62	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0504%	1h	92.740	long leg	$187K	$410K	15x
Kraken Futures PF_WTIOILUSD	−0.0314%	1h	92.766	+0.028%	$269K	$928K	25x	as long as short
Aster CLUSD1	−0.0228%	4h	92.734	−0.007%	$24.8M	$60.6M	20x	as long as short
Gate CL_USDT	−0.0219%	8h	92.630	−0.119%	$23.4M	$49.4M	100x	as long as short
Binance CLUSDT	−0.0126%	4h	92.682	−0.062%	$244.9M	$930.3M	100x	as long as short
Variational Omni CL	−0.0113%	4h	92.780	+0.043%	$13.5M	$10.7M	—	as long as short
GRVT CL_USDT_Perp	−0.0104%	4h	92.790	+0.054%	$75K	$624K	25x	as long as short
Nado WTI-PERP	−0.0099%	1h	92.792	+0.056%	$950K	$604K	10x	as long as short
Bitget CLUSDT	−0.0080%	4h	92.677	−0.068%	$41.9M	$41.6M	100x	as long as short
Aftermath Perps WTIUSD	−0.0074%	1h	92.873	+0.143%	$2K	$27K	5x	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	−0.0051%	4h	92.670	−0.075%	$42.4M	$101.9M	50x	as long as short
QFEX CL-USD	−0.0026%	1h	92.770	+0.032%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CL	−0.0014%	1h	92.719	−0.023%	$184.0M	$191.6M	20x	as long as short
edgeX CLUSDC	−0.0007%	4h	92.845	+0.113%	$542K	$342K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	92.748	+0.009%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.703	−0.040%	$27.5M	$81.0M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.770	+0.032%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.739	−0.001%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USDshort	L 0.0000% / S +0.0036%	1h	92.334	−0.438%	$5K	—	150x
Phoenix WTIOIL	+0.0009%	1h	92.850	+0.119%	$37K	$39K	20x	as long as short
Paradex CL-USD-PERP	+0.0015%	8h	92.693	−0.051%	$15K	$367	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	93.160	+0.453%	$404K	$794K	15x	as long as short
Lighter WTI	+0.0032%	1h	92.702	−0.041%	$11.3M	$8.8M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.760	+0.022%	$1.7M	$14.3M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0033%	1h	92.650	−0.097%	$3.6M	$5.2M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.880	+0.151%	$732K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.740	0.000%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.760	+0.022%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.765	+0.027%	$2.1M	$69K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.711	−0.031%	$345K	$589K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.722	−0.019%	$7.0M	$2.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.860	+0.129%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.742	+0.002%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S −0.0008%	1h	92.715	−0.027%	$80K	—	111x	as long as short
BloFin CL-USDT	+0.0191%	4h	92.710	−0.032%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+10.129%	$19K	$5K	30x	as long as short