CL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0445%/8h= +48.7% APRnext payment +$0.56 per $10,000 · paid last 24h +0.043%

Price spread now: Polymarket Perps against Deribit+0.042%7-day average +0.021% · 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−$21as in the Price arb table

costs, in and out, $10k−$230.231% of the position

Long on Deribit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.103%+$10 on $10k

Price spread, last 4 days (all we have)+0.173%+$17 · spread now +0.042%, 7d avg +0.021%

Together, before fees+0.276%+$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Polymarket Perps is 0.021% dearer against Deribit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.021%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.103% in total (about 9.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.56 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	92.980	−0.0395	get 0.0049% / 1h	54m 09s	$198K	$370K	15x
Short	Polymarket Perps WTIOIL-USD	93.019	0.0050	get 0.0006% / 1h	54m 09s	$1.7M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.042%Rate

Funding earned: $93.42
Price spread: +0.042% → +0.021%: $2.13
Slippage, 4 orders: −$8.07
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $72.49
Costs to cover: 0.231%
Break-even: 1.6 days

Slippage from Deribit: live order book, 64 min ago; Polymarket Perps: 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, 64 min ago	0.54 bp	4.0 bp −$4	6.8 bp −$68	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.15 bp	6.2 bp −$6	8.3 bp −$83	11.2 bp −$1,116	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	−0.0395%	1h	92.980	long leg	$198K	$370K	15x
Aster CLUSD1	−0.0267%	4h	93.025	+0.048%	$24.1M	$66.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0186%	4h	93.024	+0.047%	$54K	$658K	25x	as long as short
Binance CLUSDT	−0.0177%	4h	93.021	+0.044%	$244.7M	$942.8M	100x	as long as short
Variational Omni CL	−0.0168%	4h	93.019	+0.042%	$13.5M	$10.8M	—	as long as short
Bitget CLUSDT	−0.0128%	4h	93.010	+0.032%	$41.9M	$43.3M	100x	as long as short
Aftermath Perps WTIUSD	−0.0108%	1h	93.013	+0.036%	$2K	$27K	5x	as long as short
Nado WTI-PERP	−0.0104%	1h	93.044	+0.069%	$964K	$646K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0079%	1h	92.930	−0.054%	$3.5M	$5.3M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.018	+0.041%	$268K	$935K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0060%	4h	93.018	+0.041%	$526K	$303K	30x	as long as short
OKX CL-USDT-SWAP	−0.0046%	4h	93.020	+0.043%	$42.6M	$102.6M	50x	as long as short
Gate CL_USDT	−0.0045%	8h	92.960	−0.022%	$20.9M	$50.6M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.930	−0.054%	$399K	$926K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.000	+0.022%	$2.3M	$1.8M	10x	as long as short
KuCoin CLUSDTM	−0.0020%	4h	93.045	+0.070%	$7.1M	$2.4M	50x	as long as short
tradeXYZ xyz:CL	−0.0004%	1h	93.021	+0.044%	$184.5M	$218.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.030	+0.054%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.024	+0.047%	$26.5M	$80.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.081	+0.109%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.070	+0.097%	$37K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.014	+0.036%	$18K	$243K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.568	−0.443%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0008%	8h	92.982	+0.002%	$16K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	93.012	+0.034%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.030	+0.054%	$2.0M	$19.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.030	+0.054%	$735K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.030	+0.054%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USDshort	+0.0050%	1h	93.019	+0.042%	$1.7M	$1.3M	20x
SoDEX CL-USD	+0.0050%	1h	93.011	+0.033%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.007	+0.029%	$330K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.030	+0.054%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.975	−0.006%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0192%	4h	93.050	+0.075%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0218% / S −0.0146%	1h	93.005	+0.027%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.17	+9.880%	$19K	$11K	30x	as long as short