CL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0291%/8h= −31.8% APRnext payment −$1.45 per $10,000 · paid last 24h +0.002%

Price spread now: GRVT against edgeX−0.036%7-day average +0.007% · 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−$47as in the Price arb table

costs, in and out, $10k−$430.432% of the position

Long on edgeX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.136%+$14 on $10k

Price spread, last 3 days (all we have)+0.043%+$4 · spread now −0.036%, 7d avg +0.007%

Together, before fees+0.179%+ Points / potential airdropedgeX: Active · GRVT: Active · farm board+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and GRVT is 0.043% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.007%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.136%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.136% in total (about 7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.45 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	edgeX CLUSDC	92.033	0.0009	pay 0.0004% / 4h	48m 27s	$529K	$335K	30x
Short	GRVT CL_USDT_Perp	92.000	−0.0282	pay 0.0141% / 4h	48m 27s	$58K	$702K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$61.05
Price spread: −0.036% → +0.007%: −$4.3
Slippage, 4 orders: −$25.15
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$108.5
Costs to cover: 0.432%
Break-even: never at this rate

Slippage from edgeX: live order book, 30 min ago; GRVT: live order book, 29 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, 30 min ago	9.94 bp	14.4 bp −$14	14.8 bp −$148	21.2 bp −$2,125	doesn't fit
Sell GRVT live order book, 29 min ago	0.54 bp	6.1 bp −$6	9.2 bp −$92	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
Kraken Futures PF_WTIOILUSD	−0.0450%	1h	92.021	−0.013%	$275K	$1.2M	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0293%	1h	92.020	−0.014%	$95K	$189K	15x	as long as short
GRVT CL_USDT_Perpshort	−0.0282%	4h	92.000	−0.036%	$58K	$702K	25x
Aster CLUSD1	−0.0214%	4h	92.020	−0.014%	$23.9M	$77.6M	20x	as long as short
Nado WTI-PERP	−0.0171%	1h	92.080	+0.051%	$923K	$744K	10x	as long as short
Lighter WTI	−0.0136%	1h	92.012	−0.023%	$11.1M	$10.9M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0135%	1h	91.990	−0.047%	$3.5M	$6.4M	20x	as long as short
Binance CLUSDT	−0.0128%	4h	92.010	−0.025%	$245.2M	$1.10B	100x	as long as short
tradeXYZ xyz:CL	−0.0106%	1h	92.025	−0.009%	$185.6M	$275.7M	20x	as long as short
Paradex CL-USD-PERP	−0.0104%	8h	92.002	−0.034%	$15K	$367	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CL	−0.0096%	4h	91.994	−0.043%	$13.4M	$13.0M	—	as long as short
Bullet WTIOIL-USD	−0.0073%	1h	92.008	−0.027%	$19K	$241K	10x	as long as short
QFEX CL-USD	−0.0054%	1h	92.000	−0.036%	$2.4M	$2.6M	10x	as long as short
Pacifica CL	−0.0020%	1h	92.017	−0.018%	$332K	$576K	10x	as long as short
Gate CL_USDT	−0.0020%	8h	91.950	−0.090%	$21.3M	$57.5M	100x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.081%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.031	−0.002%	$25.6M	$94.8M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.010	−0.025%	$43.1M	$113.1M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.129	+0.104%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.004	−0.032%	$41.9M	$51.8M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.080	+0.051%	$37K	$101K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.003%	$399K	$990K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.600	−0.471%	$4K	—	150x	as long as short
edgeX CLUSDClong	+0.0009%	4h	92.033	long leg	$529K	$335K	30x
Polymarket Perps WTIOIL-USD	+0.0026%	1h	92.018	−0.016%	$1.6M	$1.4M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.090	+0.062%	$2.0M	$27.6M	10x	as long as short
Aftermath Perps WTIUSD	+0.0037%	1h	92.027	−0.007%	$2K	$29K	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.000	−0.036%	$723K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.080	+0.051%	—	$308K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.015	−0.020%	$2.0M	$39K	20x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.000	−0.036%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.050	+0.018%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.981	−0.057%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	91.995	−0.041%	$76K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.28	+10.042%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.020	−0.014%	$4.0M	$1.4M	50x	as long as short