CL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0435%/8h= +47.6% APRnext payment +$0.54 per $10,000 · paid last 24h +0.037%

Price spread now: StandX against Deribit+0.043%7-day average −0.045% · 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−$24as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on Deribit Short on StandX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.023%+$2 on $10k

Price spread, last 4 days (all we have)+0.156%+$16 · spread now +0.043%, 7d avg −0.045%

Together, before fees+0.179%+ Points / potential airdropStandX: Active · farm board+$18 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 StandX is 0.088% dearer against Deribit than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.045%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.023% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.54 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	93.000	−0.0395	get 0.0049% / 1h	20m 52s	$198K	$370K	15x
Short	StandX CL-USD	93.040	0.0040	get 0.0005% / 1h	20m 52s	$735K	$2.9M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.043%Rate

Funding earned: $91.3
Price spread: +0.043% → −0.045%: $8.8
Slippage, 4 orders: −$18.24
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee StandX: 4 bp × 2 orders: −$8
Net: $66.86
Costs to cover: 0.332%
Break-even: 1.9 days

Slippage from Deribit: live order book, 38 min ago; StandX: 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, 38 min ago	0.54 bp	4.0 bp −$4	6.8 bp −$68	doesn't fit	doesn't fit
Sell StandX live order book, 3 min ago	7.52 bp	11.5 bp −$12	11.8 bp −$118	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	−0.0395%	1h	93.000	long leg	$198K	$370K	15x
Aster CLUSD1	−0.0261%	4h	93.054	+0.059%	$24.0M	$66.9M	20x	as long as short
GRVT CL_USDT_Perp	−0.0242%	4h	93.067	+0.073%	$64K	$648K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0196%	1h	93.059	+0.064%	$274K	$872K	25x	as long as short
Binance CLUSDT	−0.0186%	4h	93.043	+0.047%	$244.8M	$947.6M	100x	as long as short
Variational Omni CL	−0.0178%	4h	93.048	+0.051%	$13.5M	$10.9M	—	as long as short
Bitget CLUSDT	−0.0112%	4h	93.037	+0.040%	$41.9M	$43.7M	100x	as long as short
tradeXYZ xyz:CL	−0.0108%	1h	93.045	+0.048%	$184.6M	$214.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0096%	1h	93.084	+0.090%	$2K	$27K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0094%	1h	93.010	+0.011%	$3.5M	$5.4M	20x	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	−0.0059%	4h	93.040	+0.043%	$42.6M	$102.7M	50x	as long as short
Gate CL_USDT	−0.0048%	8h	92.980	−0.022%	$20.8M	$51.9M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.269%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0043%	1h	93.070	+0.075%	$2.4M	$1.7M	10x	as long as short
Nado WTI-PERP	−0.0030%	1h	93.124	+0.133%	$963K	$649K	10x	as long as short
edgeX CLUSDC	−0.0026%	4h	93.074	+0.079%	$530K	$300K	30x	as long as short
KuCoin CLUSDTM	−0.0022%	4h	93.031	+0.033%	$7.1M	$2.4M	50x	as long as short
Lighter WTI	0.0000%	1h	93.026	+0.028%	$11.2M	$10.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.113	+0.122%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.050	+0.054%	$26.7M	$80.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.131	+0.141%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.090	+0.097%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.042	+0.045%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.582	−0.449%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0014%	8h	93.052	+0.056%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0024%	1h	93.080	+0.086%	$2.0M	$20.6M	10x	as long as short
StandX CL-USDshort	+0.0040%	1h	93.040	+0.043%	$735K	$2.9M	40x
Vest CL-PERP	+0.0046%	1h	93.060	+0.065%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.045	+0.048%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.025	+0.027%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	93.073	+0.079%	$330K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.060	+0.065%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.010	+0.011%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0180%	4h	93.080	+0.086%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0215% / S −0.0142%	1h	93.025	+0.027%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.19	+9.877%	$19K	$11K	30x	as long as short