CL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0878%/8h= +96.2% APRnext payment +$1.10 per $10,000 · paid last 24h +0.074%

Price spread now: SoDEX against Deribit−0.008%7-day average −0.021% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$470.472% of the position

Long on Deribit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.106%+$11 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now −0.008%, 7d avg −0.021%

Together, before fees+0.095%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: +$26 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.106% in total (about 11.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.10 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	92.640	−0.0828	get 0.0104% / 1h	25m 52s	$187K	$411K	15x
Short	SoDEX CL-USD	92.633	0.0050	get 0.0006% / 1h	25m 52s	$2.1M	$69K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.008%Rate

Funding earned: $184.44
Price spread: −0.008% → −0.021%: $1.32
Slippage, 4 orders: −$32.16
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $138.6
Costs to cover: 0.472%
Break-even: 1.7 days

Slippage from Deribit: live order book, 8 min ago; SoDEX: live order book, 3 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, 8 min ago	1.08 bp	5.7 bp −$6	8.1 bp −$81	doesn't fit	doesn't fit
Sell SoDEX live order book, 3 min ago	0.54 bp	18.3 bp −$18	89.2 bp −$892	doesn't fit	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	−0.0828%	1h	92.640	long leg	$187K	$411K	15x
Kraken Futures PF_WTIOILUSD	−0.0314%	1h	92.678	+0.041%	$269K	$946K	25x	as long as short
Aster CLUSD1	−0.0223%	4h	92.613	−0.030%	$24.8M	$60.2M	20x	as long as short
Binance CLUSDT	−0.0123%	4h	92.590	−0.054%	$244.9M	$932.5M	100x	as long as short
Gate CL_USDT	−0.0119%	8h	92.520	−0.130%	$23.5M	$50.1M	100x	as long as short
Variational Omni CL	−0.0109%	4h	92.750	+0.118%	$13.5M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0103%	1h	92.759	+0.129%	$948K	$598K	10x	as long as short
GRVT CL_USDT_Perp	−0.0094%	4h	92.724	+0.091%	$74K	$601K	25x	as long as short
edgeX CLUSDC	−0.0091%	4h	92.745	+0.114%	$541K	$343K	30x	as long as short
Bitget CLUSDT	−0.0074%	4h	92.548	−0.099%	$42.0M	$41.8M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSD	−0.0067%	1h	92.869	+0.247%	$1K	$27K	5x	as long as short
OKX CL-USDT-SWAP	−0.0044%	4h	92.560	−0.086%	$42.5M	$102.8M	50x	as long as short
QFEX CL-USD	−0.0026%	1h	92.700	+0.065%	$2.3M	$2.5M	10x	as long as short
tradeXYZ xyz:CL	−0.0015%	1h	92.652	+0.013%	$183.9M	$192.7M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.803	+0.176%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.601	−0.042%	$27.4M	$82.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.727	+0.094%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.684	+0.047%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.548	−0.099%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.750	+0.119%	$37K	$39K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	92.700	+0.065%	$428K	$868K	15x	as long as short
Paradex CL-USD-PERP	+0.0016%	8h	92.699	+0.064%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.680	+0.043%	$11.3M	$8.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.610	−0.032%	$1.7M	$14.1M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0034%	1h	92.660	+0.022%	$3.6M	$5.2M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.880	+0.259%	$731K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.730	+0.097%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.740	+0.108%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USDshort	+0.0050%	1h	92.633	−0.008%	$2.1M	$69K	20x
Pacifica CL	+0.0100%	1h	92.743	+0.111%	$345K	$584K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.577	−0.068%	$7.0M	$2.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.770	+0.140%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.662	+0.024%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S −0.0007%	1h	92.685	+0.049%	$80K	—	111x	as long as short
BloFin CL-USDT	+0.0193%	4h	92.850	+0.227%	$4.1M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+10.248%	$19K	$5K	30x	as long as short