CL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0034%/8h= −3.8% APRnext payment −$0.17 per $10,000 · paid last 24h −0.002%

Price spread now: Variational Omni against edgeX+0.037%59s7-day average −0.005% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.051%+$5 on $10k

Price spread, last 3 days (all we have)−0.074%−$7 · spread now +0.037%, 7d avg −0.005%

Together, before fees−0.022%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.042% dearer against edgeX than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of −0.005%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.1 days. Mind the row above: over the last 3 days funding on this pair paid +0.051%, so the current rate has only just turned against you. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CLUSDC	91.967	0.0034	pay 0.0017% / 4h	2h 28m	$529K	$343K	30x
Short	Variational Omni CL	92.001	0	get 0.0000% / 4h	2h 28m	$13.6M	$16.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.037%Rate

Funding earned: −$7.21
Price spread: +0.037% → −0.005%: $4.2
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$12
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 60 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

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, 60 min ago	10.34 bp	14.8 bp −$15	15.0 bp −$150	24.4 bp −$2,441	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.27 bp	doesn't fit	2.3 bp −$23	3.0 bp −$304	doesn't fit

CL on 35 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
QFEX CL-USD	−0.0019%	1h	92.000	+0.036%	$2.4M	$2.9M	10x	as long as short
Aster CLUSD1	0.0000%	4h	92.012	+0.049%	$24.5M	$76.9M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.992	+0.028%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.993	+0.028%	$246.6M	$1.14B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.980	+0.015%	$25.4M	$100.3M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.990	+0.025%	$43.1M	$117.1M	50x	as long as short
Gate CL_USDT	0.0000%	8h	91.940	−0.029%	$21.2M	$63.0M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.964	−0.003%	$42.2M	$69.5M	100x	as long as short
Variational Omni CLshort	0.0000%	4h	92.001	+0.037%	$13.6M	$16.2M	—
GRVT CL_USDT_Perp	0.0000%	4h	91.980	+0.015%	$58K	$782K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	91.990	+0.025%	$95K	$315K	15x	as long as short
Aftermath Perps WTIUSD	+0.0001%	1h	91.976	+0.010%	$2K	$31K	5x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.000	+0.036%	$33K	$99K	20x	as long as short
Lighter WTI	+0.0032%	1h	91.943	−0.026%	$11.0M	$12.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.023	+0.061%	$2.0M	$29.8M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	92.044	+0.084%	$17K	$18K	30x	as long as short
edgeX CLUSDClong	+0.0034%	4h	91.967	long leg	$529K	$343K	30x
Kraken Futures PF_WTIOILUSD	+0.0040%	1h	91.997	+0.033%	$258K	$1.4M	25x	as long as short
StandX CL-USD	+0.0040%	1h	91.990	+0.025%	$726K	$3.0M	40x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0040%	1h	92.080	+0.123%	$393K	$1.3M	15x	as long as short
Vest CL-PERP	+0.0046%	1h	92.020	+0.058%	—	$243K	10x	as long as short
Bullet WTIOIL-USD	+0.0048%	1h	91.992	+0.028%	$18K	$241K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	91.992	+0.028%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.975	+0.009%	$2.0M	$42K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	91.930	−0.040%	$3.5M	$6.5M	20x	as long as short
Pacifica CL	+0.0100%	1h	91.987	+0.022%	$332K	$573K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.961	−0.006%	$7.4M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.070	+0.112%	$55K	$265K	50x	as long as short
Paradex CL-USD-PERP	+0.0104%	8h	91.956	−0.012%	$15K	$367	5x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.957	−0.010%	$4K	$49	10x	as long as short
tradeXYZ xyz:CL	+0.0126%	1h	91.992	+0.028%	$182.4M	$296.3M	20x	as long as short
Nado WTI-PERP	+0.0177%	1h	91.997	+0.033%	$879K	$792K	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0212% / S −0.0127%	1h	91.975	+0.009%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.960	−0.007%	$4.0M	$1.5M	50x	as long as short
RISEx CL/USDC	+0.0266%	1h	92.132	+0.180%	$3.2M	$2.7M	20x	as long as short