CL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0612%/8h= +67.0% APRnext payment +$0.76 per $10,000 · paid last 24h +0.021%

Price spread now: Phoenix against Deribit+0.065%50s7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Phoenix is 0.065% dearer against Deribit than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WTIOIL_USDC-PERPETUAL	92.730	−0.0612	get 0.0076% / 1h	37m 30s	$198K	$369K	15x
Short	Phoenix WTIOIL	92.790	0	get 0.0000% / 1h	37m 30s	$37K	$42K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.065%Rate

Funding earned: $128.52
Price spread: +0.065% → 0.000%: $6.47
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $120.99
Costs to cover: 0.140%
Break-even: 0.4 days

Slippage unknown: Deribit: live order book, 26 min ago; Phoenix: 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, 26 min ago	0.54 bp	4.0 bp −$4	6.9 bp −$69	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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	−0.0612%	1h	92.730	long leg	$198K	$369K	15x
Aster CLUSD1	−0.0246%	4h	92.740	+0.011%	$23.9M	$69.1M	20x	as long as short
GRVT CL_USDT_Perp	−0.0228%	4h	92.729	−0.001%	$61K	$633K	25x	as long as short
Binance CLUSDT	−0.0209%	4h	92.732	+0.002%	$244.1M	$955.8M	100x	as long as short
Variational Omni CL	−0.0203%	4h	92.777	+0.051%	$13.6M	$11.1M	—	as long as short
Ondo Perps WTI-USD.P	−0.0162%	1h	92.690	−0.043%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0143%	1h	92.804	+0.080%	$960K	$664K	10x	as long as short
Gate CL_USDT	−0.0092%	8h	92.690	−0.043%	$20.9M	$52.4M	100x	as long as short
tradeXYZ xyz:CL	−0.0070%	1h	92.746	+0.017%	$184.4M	$218.0M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	+0.022%	$402K	$944K	15x	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	−0.0036%	4h	92.720	−0.011%	$42.7M	$102.0M	50x	as long as short
QFEX CL-USD	−0.0032%	1h	92.740	+0.011%	$2.5M	$1.7M	10x	as long as short
Aftermath Perps WTIUSD	−0.0026%	1h	92.819	+0.096%	$2K	$27K	5x	as long as short
edgeX CLUSDC	−0.0011%	4h	92.800	+0.075%	$528K	$301K	30x	as long as short
Lighter WTI	0.0000%	1h	92.737	+0.008%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.761	+0.034%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.750	+0.022%	$26.6M	$81.1M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.733	+0.003%	$41.9M	$43.3M	100x	as long as short
Phoenix WTIOILshort	0.0000%	1h	92.790	+0.065%	$37K	$42K	20x
Bullet WTIOIL-USD	0.0000%	1h	92.727	−0.003%	$18K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.328	−0.434%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	92.800	+0.075%	$2.1M	$23.0M	10x	as long as short
Paradex CL-USD-PERP	+0.0023%	8h	92.732	+0.002%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.430	−0.324%	$726K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.770	+0.043%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.749	+0.020%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.755	+0.027%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTM	+0.0052%	4h	92.764	+0.037%	$7.3M	$2.3M	50x	as long as short
RISEx CL/USDC	+0.0066%	1h	92.865	+0.146%	$3.3M	$2.7M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.742	+0.013%	$331K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.780	+0.054%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.725	−0.006%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.751	+0.022%	$273K	$872K	25x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.755	+0.027%	$78K	—	111x	as long as short
BloFin CL-USDT	+0.0209%	4h	92.790	+0.065%	$4.0M	$1.1M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.95	+9.947%	$19K	$11K	30x	as long as short