CL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.36 per $10,000 · paid last 24h +0.001%

Price spread now: Bitget against edgeX−0.009%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$420.424% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.119%+$12 on $10k

Price spread, last 3 days (all we have)−0.049%−$5 · spread now −0.009%, 7d avg +0.005%

Together, before fees+0.070%+ Points / potential airdropedgeX: Active · farm board+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.119%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CLUSDC	91.863	0.0072	pay 0.0036% / 4h	1h 37m	$528K	$341K	30x
Short	Bitget CLUSDT	91.855	0	get 0.0000% / 4h	1h 37m	$42.1M	$58.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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 edgeXbpFee BitgetbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$15.11
Price spread: −0.009% → +0.005%: −$1.38
Slippage, 4 orders: −$21.39
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$58.88
Costs to cover: 0.424%
Break-even: never at this rate

Slippage from edgeX: live order book, 46 min ago; Bitget: live order book, 2 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 edgeX live order book, 46 min ago	10.06 bp	14.6 bp −$15	14.8 bp −$148	33.8 bp −$3,376	doesn't fit
Sell Bitget live order book, 2 min ago	0.16 bp	6.3 bp −$6	9.0 bp −$90	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-PERPETUAL	−0.0403%	1h	91.870	+0.008%	$95K	$260K	15x	as long as short
Lighter WTI	−0.0328%	1h	91.826	−0.040%	$11.0M	$11.2M	20x	as long as short
Nado WTI-PERP	−0.0209%	1h	91.932	+0.075%	$914K	$755K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0199%	1h	91.820	−0.047%	$3.5M	$6.4M	20x	as long as short
Aftermath Perps WTIUSD	−0.0193%	1h	91.855	−0.009%	$2K	$30K	5x	as long as short
tradeXYZ xyz:CL	−0.0181%	1h	91.885	+0.024%	$184.9M	$283.8M	20x	as long as short
Bullet WTIOIL-USD	−0.0159%	1h	91.846	−0.019%	$19K	$240K	10x	as long as short
ApeX Omni CLUSDT	−0.0114%	1h	91.910	+0.051%	$55K	$266K	50x	as long as short
Paradex CL-USD-PERP	−0.0095%	8h	91.837	−0.028%	$15K	$367	5x	as long as short
Extended WTI-USD	−0.0056%	1h	91.925	+0.067%	$2.0M	$29.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps WTIOIL-USD	−0.0031%	1h	91.852	−0.012%	$1.6M	$1.4M	20x	as long as short
Aster CLUSD1	−0.0030%	4h	91.860	−0.003%	$23.9M	$78.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0028%	4h	91.822	−0.044%	$58K	$726K	25x	as long as short
dYdX WTI-USD	0.0000%	1h	91.863	0.000%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.850	−0.014%	$245.1M	$1.12B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.880	+0.018%	$25.3M	$97.9M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.850	−0.014%	$43.1M	$114.4M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.850	−0.014%	$2.4M	$2.5M	10x	as long as short
Gate CL_USDT	0.0000%	8h	91.800	−0.069%	$21.2M	$58.9M	100x	as long as short
Bitget CLUSDTshort	0.0000%	4h	91.855	−0.009%	$42.1M	$58.9M	100x
Variational Omni CL	0.0000%	4h	91.804	−0.064%	$13.4M	$14.0M	—	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.453	−0.446%	$4K	—	10x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.930	+0.073%	$33K	$99K	20x	as long as short
StandX CL-USD	+0.0033%	1h	91.840	−0.025%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	91.960	+0.106%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.855	−0.009%	$2.0M	$39K	20x	as long as short
edgeX CLUSDClong	+0.0072%	4h	91.863	long leg	$528K	$341K	30x
Pacifica CL	+0.0100%	1h	91.868	+0.005%	$330K	$575K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.884	+0.023%	$7.3M	$2.1M	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.826	−0.040%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	91.720	−0.156%	$384K	$1.2M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	100.99	+9.939%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	91.845	−0.020%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.840	−0.025%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0451%	1h	91.855	−0.009%	$256K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	91.962	+0.108%	$3.2M	$2.7M	20x	as long as short