CL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.073%

Price spread now: BloFin against gTrade (Gains Network)+0.426%7-day average +0.326% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$272as in the Price arb table

costs, in and out, $10k−$2822.822% of the position

Long on gTrade (Gains Network)Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)+0.073%+$7 on $10k

Price spread, last 3 days (all we have)−0.412%−$41 · spread now +0.426%, 7d avg +0.326%

Together, before fees−0.339%−$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.100% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.326%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WTI/USD	91.600	L 0.0000% / S +0.0036%	pay 0.0000% / 1h	6m 34s	$4K	—	150x
Short	BloFin CL-USDT	91.990	0.0240	get 0.0120% / 4h	1h 06m	$4.0M	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BloFinbpOrdersPrice spread, now +0.426%Rate

Funding earned: $50.38
Price spread: +0.426% → +0.326%: $9.99
Slippage, 4 orders: −$262.2
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$221.83
Costs to cover: 2.822%
Break-even: 37.8 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 42 min ago; BloFin: live order book, 7 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 gTrade (Gains Network) virtual book (oracle venue), 42 min ago	130.01 bp	134.0 bp −$134	499.7 bp −$4,997	4168.8 bp −$416.9K	17636.6 bp −$8.82M
Sell BloFin live order book, 7 min ago	1.09 bp	7.1 bp −$7	7.4 bp −$74	9.8 bp −$984	23.3 bp −$11.7K

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	−0.0293%	1h	92.040	+0.480%	$96K	$189K	15x	as long as short
Lighter WTI	−0.0272%	1h	92.019	+0.457%	$11.1M	$11.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0214%	4h	91.989	+0.424%	$58K	$715K	25x	as long as short
Nado WTI-PERP	−0.0161%	1h	92.084	+0.528%	$923K	$747K	10x	as long as short
Aster CLUSD1	−0.0153%	4h	92.040	+0.480%	$24.0M	$77.9M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0152%	1h	91.980	+0.415%	$3.5M	$6.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0132%	1h	92.033	+0.473%	$185.5M	$278.2M	20x	as long as short
Bullet WTIOIL-USD	−0.0102%	1h	92.020	+0.459%	$18K	$241K	10x	as long as short
Paradex CL-USD-PERP	−0.0098%	8h	91.988	+0.424%	$15K	$367	5x	as long as short
Aftermath Perps WTIUSD	−0.0096%	1h	92.041	+0.481%	$2K	$29K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CLUSDT	−0.0055%	4h	92.034	+0.473%	$244.7M	$1.11B	100x	as long as short
Variational Omni CL	−0.0018%	4h	92.003	+0.439%	$13.4M	$13.3M	—	as long as short
Gate CL_USDT	−0.0009%	8h	91.960	+0.393%	$21.3M	$59.6M	100x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.554%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.070	+0.513%	$25.5M	$95.6M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.020	+0.459%	$43.2M	$113.2M	50x	as long as short
QFEX CL-USD	0.0000%	1h	92.000	+0.437%	$2.4M	$2.6M	10x	as long as short
Bitget CLUSDT	0.0000%	4h	92.016	+0.454%	$42.1M	$52.1M	100x	as long as short
gTrade (Gains Network) WTI/USDlong	L 0.0000% / S +0.0036%	1h	91.600	long leg	$4K	—	150x
Phoenix WTIOIL	+0.0009%	1h	92.060	+0.502%	$37K	$99K	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0011%	1h	92.034	+0.474%	$1.6M	$1.4M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.075	+0.519%	$2.0M	$28.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.000	+0.437%	$723K	$3.1M	40x	as long as short
edgeX CLUSDC	+0.0044%	4h	92.041	+0.481%	$529K	$334K	30x	as long as short
Vest CL-PERP	+0.0046%	1h	92.090	+0.535%	—	$308K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.025	+0.464%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.029	+0.469%	$332K	$578K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.035	+0.475%	$7.2M	$2.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	91.990	+0.426%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.999	+0.435%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	92.030	+0.469%	$399K	$1.1M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	101.16	+10.436%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	92.015	+0.453%	$76K	—	111x	as long as short
BloFin CL-USDTshort	+0.0240%	4h	91.990	+0.426%	$4.0M	$1.4M	50x
Kraken Futures PF_WTIOILUSD	+0.0450%	1h	92.038	+0.478%	$275K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	92.143	+0.593%	$3.3M	$2.7M	20x	as long as short