CL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.15 per $10,000 · paid last 24h +0.005%

Price spread now: Pacifica against Extended−0.007%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$170.167% of the position

Long on Extended Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now −0.007%, 7d avg −0.014%

Together, before fees−0.104%+ Points / potential airdropExtended: Active · Pacifica: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.082%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WTI-USD	92.860	−0.0016	get 0.0002% / 1h	50m 49s	$2.1M	$25.3M	10x
Short	Pacifica CL	92.854	0.0100	get 0.0013% / 1h	50m 49s	$355K	$605K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.007%Rate

Funding earned: $24.36
Price spread: −0.007% → −0.014%: $0.72
Slippage, 4 orders: −$3.72
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $8.36
Costs to cover: 0.167%
Break-even: 4.6 days

Slippage from Extended: live order book, 3 min ago; Pacifica: live order book, 18 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, 3 min ago	0.05 bp	3.4 bp −$3	8.1 bp −$81	23.5 bp −$2,347	doesn't fit
Sell Pacifica live order book, 18 min ago	0.05 bp	5.6 bp −$6	doesn't fit	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	−0.0504%	1h	92.820	−0.043%	$198K	$366K	15x	as long as short
Aster CLUSD1	−0.0340%	4h	92.850	−0.011%	$24.0M	$74.8M	20x	as long as short
GRVT CL_USDT_Perp	−0.0320%	4h	92.796	−0.069%	$50K	$632K	25x	as long as short
Binance CLUSDT	−0.0284%	4h	92.840	−0.022%	$245.1M	$1.01B	100x	as long as short
Variational Omni CL	−0.0275%	4h	92.851	−0.010%	$13.3M	$11.3M	—	as long as short
Gate CL_USDT	−0.0178%	8h	92.780	−0.086%	$20.9M	$52.7M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0089%	1h	92.800	−0.065%	$3.5M	$5.8M	20x	as long as short
tradeXYZ xyz:CL	−0.0055%	1h	92.851	−0.010%	$185.6M	$224.9M	20x	as long as short
Nado WTI-PERP	−0.0054%	1h	92.909	+0.052%	$937K	$687K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.030	−0.894%	$399K	$942K	15x	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	−0.0038%	1h	92.876	+0.017%	$275K	$884K	25x	as long as short
QFEX CL-USD	−0.0033%	1h	92.830	−0.032%	$2.4M	$1.7M	10x	as long as short
Extended WTI-USDlong	−0.0016%	1h	92.860	long leg	$2.1M	$25.3M	10x
OKX CL-USDT-SWAP	−0.0011%	4h	92.840	−0.022%	$43.0M	$107.3M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.832	−0.031%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.844	−0.017%	$26.4M	$84.6M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.839	−0.023%	$42.2M	$46.6M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.880	+0.022%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.864	+0.005%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.415	−0.479%	$5K	—	150x	as long as short
edgeX CLUSDC	+0.0012%	4h	92.782	−0.084%	$534K	$299K	30x	as long as short
Paradex CL-USD-PERP	+0.0017%	8h	92.840	−0.021%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.856	−0.004%	$11.2M	$10.0M	20x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.976	+0.125%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.410	−0.485%	$723K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.900	+0.043%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.874	+0.015%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.849	−0.012%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTM	+0.0072%	4h	92.835	−0.027%	$7.2M	$2.3M	50x	as long as short
Aftermath Perps WTIUSD	+0.0080%	1h	92.816	−0.047%	$2K	$28K	5x	as long as short
Pacifica CLshort	+0.0100%	1h	92.854	−0.007%	$355K	$605K	10x
ApeX Omni CLUSDT	+0.0100%	1h	92.840	−0.022%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.817	−0.046%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.865	+0.005%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.93	+9.771%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0232%	4h	92.790	−0.075%	$4.0M	$1.2M	50x	as long as short