CL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0424%/8h= −46.4% APRnext payment −$0.53 per $10,000 · paid last 24h −0.049%

Price spread now: Deribit against Extended−0.064%7-day average +0.015% · 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−$28as in the Price arb table

costs, in and out, $10k−$200.203% of the position

Long on Extended Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.198%−$20 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.064%, 7d avg +0.015%

Together, before fees−0.234%+ Points / potential airdropExtended: Active · farm board−$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Deribit is 0.079% cheaper against Extended than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.015%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WTI-USD	93.520	0.0032	pay 0.0004% / 1h	15m 10s	$2.0M	$17.0M	10x
Short	Deribit WTIOIL_USDC-PERPETUAL	93.460	−0.0392	pay 0.0049% / 1h	15m 10s	$197K	$376K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$88.95
Price spread: −0.064% → +0.015%: −$7.89
Slippage, 4 orders: −$8.31
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$117.16
Costs to cover: 0.203%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Deribit: live order book, 33 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, 4 min ago	0.05 bp	3.3 bp −$3	5.1 bp −$51	20.0 bp −$2,001	doesn't fit
Sell Deribit live order book, 33 min ago	0.54 bp	4.0 bp −$4	4.4 bp −$44	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-PERPETUALshort	−0.0392%	1h	93.460	−0.064%	$197K	$376K	15x
GRVT CL_USDT_Perp	−0.0294%	4h	93.442	−0.083%	$58K	$629K	25x	as long as short
Aster CLUSD1	−0.0289%	4h	93.504	−0.017%	$24.4M	$64.9M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.489	−0.033%	$285K	$958K	25x	as long as short
Binance CLUSDT	−0.0181%	4h	93.480	−0.043%	$246.2M	$932.5M	100x	as long as short
Variational Omni CL	−0.0170%	4h	93.440	−0.086%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0153%	1h	93.452	−0.072%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0128%	4h	93.471	−0.052%	$42.2M	$42.8M	100x	as long as short
Nado WTI-PERP	−0.0122%	1h	93.519	−0.001%	$967K	$614K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0088%	1h	93.410	−0.118%	$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
Gate CL_USDT	−0.0077%	8h	93.430	−0.096%	$22.0M	$50.0M	100x	as long as short
tradeXYZ xyz:CL	−0.0072%	1h	93.468	−0.056%	$184.9M	$213.5M	20x	as long as short
edgeX CLUSDC	−0.0070%	4h	93.441	−0.085%	$525K	$306K	30x	as long as short
OKX CL-USDT-SWAP	−0.0048%	4h	93.480	−0.043%	$42.7M	$103.0M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.500	−0.021%	$404K	$931K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.460	−0.064%	$2.3M	$2.5M	10x	as long as short
dYdX WTI-USD	0.0000%	1h	93.495	−0.027%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.500	−0.021%	$27.2M	$79.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.526	+0.006%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.500	−0.021%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.488	−0.034%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.039	−0.514%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0014%	8h	93.460	−0.064%	$16K	$367	5x	as long as short
Lighter WTI	+0.0016%	1h	93.471	−0.052%	$11.2M	$9.9M	20x	as long as short
Extended WTI-USDlong	+0.0032%	1h	93.520	long leg	$2.0M	$17.0M	10x
StandX CL-USD	+0.0040%	1h	93.450	−0.075%	$740K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.470	−0.053%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.473	−0.050%	$332K	$577K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.466	−0.058%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.486	−0.036%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0082%	4h	93.496	−0.026%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.520	0.000%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.458	−0.067%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0190%	4h	93.480	−0.043%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.64	+9.757%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0239% / S −0.0172%	1h	93.485	−0.037%	$84K	—	111x	as long as short