CL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.009%

Price spread now: Bullet against Extended−0.025%7-day average +0.012% · 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−$23as in the Price arb table

costs, in and out, $10k−$200.198% of the position

Long on Extended Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.176%−$18 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.025%, 7d avg +0.012%

Together, before fees−0.163%+ Points / potential airdropExtended: Active · farm board−$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bullet is 0.037% cheaper against Extended than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.012%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WTI-USD	93.090	0.0032	pay 0.0004% / 1h	51m 59s	$2.0M	$19.8M	10x
Short	Bullet WTIOIL-USD	93.067	0	get 0.0000% / 1h	51m 59s	$19K	$242K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Extended. 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 ExtendedbpFee BulletbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$6.72
Price spread: −0.025% → +0.012%: −$3.68
Slippage, 4 orders: −$6.79
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$30.19
Costs to cover: 0.198%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Bullet: 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 Extended live order book, 2 min ago	0.27 bp	3.8 bp −$4	7.0 bp −$70	22.5 bp −$2,250	doesn't fit
Sell Bullet live order book, 2 min ago	0.54 bp	6.7 bp −$7	18.1 bp −$181	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	−0.0287%	1h	93.040	−0.054%	$198K	$370K	15x	as long as short
Aster CLUSD1	−0.0266%	4h	93.071	−0.020%	$24.1M	$66.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0186%	4h	93.024	−0.071%	$54K	$658K	25x	as long as short
Binance CLUSDT	−0.0176%	4h	93.061	−0.031%	$244.8M	$942.5M	100x	as long as short
Variational Omni CL	−0.0168%	4h	93.019	−0.077%	$13.5M	$10.8M	—	as long as short
Bitget CLUSDT	−0.0126%	4h	93.038	−0.056%	$42.0M	$43.3M	100x	as long as short
Nado WTI-PERP	−0.0118%	1h	93.114	+0.026%	$964K	$645K	10x	as long as short
Aftermath Perps WTIUSD	−0.0109%	1h	93.031	−0.063%	$2K	$27K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0092%	1h	93.020	−0.075%	$3.5M	$5.3M	20x	as long as short
edgeX CLUSDC	−0.0082%	4h	93.040	−0.053%	$527K	$303K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.083	−0.007%	$268K	$935K	25x	as long as short
Gate CL_USDT	−0.0046%	8h	93.010	−0.086%	$20.9M	$50.7M	100x	as long as short
OKX CL-USDT-SWAP	−0.0044%	4h	93.070	−0.021%	$42.6M	$102.5M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.930	−0.172%	$399K	$926K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.040	−0.054%	$2.3M	$1.8M	10x	as long as short
KuCoin CLUSDTM	−0.0020%	4h	93.068	−0.024%	$7.1M	$2.4M	50x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.050	−0.043%	$37K	$41K	20x	as long as short
tradeXYZ xyz:CL	−0.0004%	1h	93.058	−0.034%	$184.6M	$218.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.030	−0.064%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.080	−0.011%	$26.5M	$80.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.136	+0.050%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USDshort	0.0000%	1h	93.067	−0.025%	$19K	$242K	10x
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.602	−0.524%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	93.051	−0.042%	$16K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	93.051	−0.042%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USDlong	+0.0032%	1h	93.090	long leg	$2.0M	$19.8M	10x
StandX CL-USD	+0.0040%	1h	93.020	−0.075%	$735K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.070	−0.021%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.066	−0.026%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.059	−0.033%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.069	−0.023%	$330K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.030	−0.064%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.025	−0.070%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0194%	4h	93.030	−0.064%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0218% / S −0.0146%	1h	93.055	−0.038%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.17	+9.750%	$19K	$11K	30x	as long as short