Settings8H · net · $10k
Funding arb · Price arb /

CL

RWAall CL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0188%/8h= +20.6% APRnext payment +$0.24 per $10,000 · paid last 24h +0.033%
Price spread now: Injective against Extended+9.778%100s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Injective is 9.778% dearer against Extended than usual: you sell high and buy low: +$978 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended WTI-USD92.3100.0032pay 0.0004% / 1h59m 28s$2.0M$26.6M10x
ShortInjective WTI/USDC PERP101.340.0220get 0.0028% / 1h59m 28s$19K$11K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
$39.48
Price spread: +9.778% → 0.000%
$977.79
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$1,012.25
Costs to cover
0.050%
Break-even
from the start
Slippage unknown: Extended: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 5 min ago0.22 bp2.9 bp −$35.0 bp −$5022.3 bp −$2,230doesn't fit
Sell Injective no order-book sample
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_WTIOILUSD−0.0449%1h92.242−0.074%$273K$1.2M25xas long as short
GRVT CL_USDT_Perp−0.0328%4h92.193−0.127%$58K$702K25xas long as short
Aster CLUSD1−0.0299%4h92.274−0.039%$23.9M$77.4M20xas long as short
Binance CLUSDT−0.0223%4h92.240−0.076%$244.5M$1.08B100xas long as short
Variational Omni CL−0.0206%4h92.193−0.127%$13.2M$12.7Mas long as short
Deribit WTIOIL_USDC-PERPETUAL−0.0183%1h92.230−0.087%$96K$189K15xas long as short
Nado WTI-PERP−0.0131%1h92.294−0.017%$925K$733K10xas long as short
Lighter WTI−0.0064%1h92.258−0.056%$11.2M$9.9M20xas long as short
QFEX CL-USD−0.0054%1h92.240−0.076%$2.4M$2.3M10xas long as short
Gate CL_USDT−0.0033%8h92.180−0.141%$21.3M$53.9M100xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex CL-USD-PERP−0.0031%8h92.224−0.093%$15K$3675xas long as short
Ondo Perps WTI-USD.P−0.0027%1h92.180−0.141%$3.5M$6.4M20xas long as short
Pacifica CL−0.0020%1h92.246−0.069%$353K$596K10xas long as short
dYdX WTI-USD0.0000%1h92.269−0.045%$8K$3K5xas long as short
Bybit CLUSDT0.0000%8h92.235−0.081%$26.0M$94.3M150xas long as short
OKX CL-USDT-SWAP0.0000%4h92.240−0.076%$42.9M$111.4M50xas long as short
RISEx CL/USDC0.0000%1h92.356+0.050%$3.3M$2.7M20xas long as short
Bitget CLUSDT0.0000%4h92.306−0.004%$42.0M$51.5M100xas long as short
Phoenix WTIOIL0.0000%1h92.300−0.011%$37K$66K20xas long as short
Bullet WTIOIL-USD0.0000%1h92.220−0.097%$19K$241K10xas long as short
Coinbase International WTIOIL-PERP-INTX0.0000%1h92.030−0.303%$399K$962K15xas long as short
gTrade (Gains Network) WTI/USDL 0.0000% / S +0.0036%1h91.799−0.554%$5K150xas long as short
tradeXYZ xyz:CL+0.0008%1h92.269−0.044%$186.2M$267.3M20xas long as short
edgeX CLUSDC+0.0021%4h92.241−0.074%$530K$326K30xas long as short
Extended WTI-USDlong+0.0032%1h92.310long leg$2.0M$26.6M10x
StandX CL-USD+0.0040%1h92.210−0.108%$721K$3.1M40xas long as short
Vest CL-PERP+0.0046%1h92.280−0.032%$308K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h92.259−0.055%$1.6M$1.4M20xas long as short
SoDEX CL-USD+0.0050%1h92.212−0.106%$2.0M$39K20xas long as short
KuCoin CLUSDTM+0.0100%4h92.257−0.057%$7.3M$2.2M50xas long as short
ApeX Omni CLUSDT+0.0100%1h92.220−0.097%$56K$265K50xas long as short
Aevo WTIOIL-PERP+0.0104%1h92.197−0.123%$4K10xas long as short
GMX WTIOIL/USD [ETH-USDC]L +0.0205% / S −0.0130%1h92.215−0.103%$77K111xas long as short
Injective WTI/USDC PERPshort+0.0220%1h101.34+9.778%$19K$11K30x
BloFin CL-USDT+0.0240%4h92.240−0.076%$4.0M$1.4M50xas long as short
Aftermath Perps WTIUSD+0.0502%1h92.256−0.059%$2K$29K5xas long as short