CL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0077%/8h= −8.5% APRnext payment −$0.10 per $10,000 · paid last 24h −0.025%

Price spread now: tradeXYZ against Extended−0.022%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$260.257% of the position

Long on Extended Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.145%−$14 on $10k

Price spread, last 7 days+0.015%+$1 · spread now −0.022%, 7d avg +0.016%

Together, before fees−0.130%+ Points / potential airdropExtended: Active · tradeXYZ: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.038% cheaper against Extended than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.016%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WTI-USD	92.260	0.0032	pay 0.0004% / 1h	14m 41s	$2.0M	$26.7M	10x
Short	tradeXYZ xyz:CL	92.240	−0.0045	pay 0.0006% / 1h	14m 41s	$186.4M	$275.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$16.26
Price spread: −0.022% → +0.016%: −$3.78
Slippage, 4 orders: −$2.73
Fee Extended: 2.5 bp × 2 orders: −$5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$45.77
Costs to cover: 0.257%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; tradeXYZ: live order book, 5 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	3.7 bp −$4	7.3 bp −$73	25.7 bp −$2,565	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.11 bp	9.2 bp −$9	9.8 bp −$98	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
Kraken Futures PF_WTIOILUSD	−0.0449%	1h	92.255	−0.005%	$274K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0310%	4h	92.191	−0.075%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0268%	4h	92.242	−0.019%	$23.9M	$77.6M	20x	as long as short
Binance CLUSDT	−0.0188%	4h	92.220	−0.043%	$244.5M	$1.09B	100x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0184%	1h	92.220	−0.043%	$96K	$189K	15x	as long as short
Variational Omni CL	−0.0173%	4h	92.192	−0.074%	$13.3M	$12.7M	—	as long as short
Nado WTI-PERP	−0.0132%	1h	92.270	+0.010%	$925K	$737K	10x	as long as short
Lighter WTI	−0.0072%	1h	92.210	−0.054%	$11.2M	$10.9M	20x	as long as short
QFEX CL-USD	−0.0054%	1h	92.210	−0.054%	$2.4M	$2.3M	10x	as long as short
Paradex CL-USD-PERP	−0.0049%	8h	92.208	−0.056%	$15K	$367	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CLshort	−0.0045%	1h	92.240	−0.022%	$186.4M	$275.3M	20x
Ondo Perps WTI-USD.P	−0.0035%	1h	92.200	−0.065%	$3.5M	$6.3M	20x	as long as short
Gate CL_USDT	−0.0032%	8h	92.150	−0.119%	$21.3M	$58.0M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.206	−0.058%	$333K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.274	+0.015%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.217	−0.047%	$26.0M	$94.4M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.190	−0.076%	$43.0M	$112.7M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.338	+0.084%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.199	−0.066%	$42.0M	$51.6M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.250	−0.011%	$37K	$101K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.228	−0.035%	$19K	$241K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.249%	$399K	$963K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.787	−0.513%	$5K	—	150x	as long as short
Extended WTI-USDlong	+0.0032%	1h	92.260	long leg	$2.0M	$26.7M	10x
edgeX CLUSDC	+0.0033%	4h	92.212	−0.052%	$530K	$326K	30x	as long as short
StandX CL-USD	+0.0040%	1h	92.190	−0.076%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.250	−0.011%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.220	−0.043%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.213	−0.051%	$2.0M	$39K	20x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.211	−0.053%	$7.4M	$2.2M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.250	−0.011%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.196	−0.069%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.215	−0.049%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.34	+9.837%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.200	−0.065%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0367%	1h	92.207	−0.057%	$2K	$29K	5x	as long as short