CL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0034%/8h= +3.7% APRnext payment +$0.34 per $10,000 · paid last 24h +0.033%

Price spread now: Bybit against Gate+0.068%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 7 days+0.064%+$6 · spread now +0.068%, 7d avg +0.060%

Together, before fees+0.104%+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.060%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CL_USDT	92.180	−0.0034	get 0.0034% / 8h	7m 07s	$21.3M	$58.1M	100x
Short	Bybit CLUSDT	92.243	0	get 0.0000% / 8h	7m 07s	$26.1M	$94.5M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.068%Rate

Funding earned: $7.14
Price spread: +0.068% → +0.060%: $0.84
Slippage, 4 orders: −$5.84
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$23.86
Costs to cover: 0.318%
Break-even: 30.4 days

Slippage from Gate: live order book, 2 min ago; Bybit: live order book, 2 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 Gate live order book, 2 min ago	0.54 bp	10.3 bp −$10	16.6 bp −$166	25.4 bp −$2,537	30.9 bp −$15.5K
Sell Bybit live order book, 2 min ago	0.54 bp	6.1 bp −$6	7.8 bp −$78	17.1 bp −$1,710	104.5 bp −$52.2K

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	92.272	+0.100%	$273K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0316%	4h	92.160	−0.022%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0284%	4h	92.260	+0.087%	$23.9M	$77.5M	20x	as long as short
Binance CLUSDT	−0.0204%	4h	92.250	+0.076%	$244.6M	$1.09B	100x	as long as short
Variational Omni CL	−0.0185%	4h	92.122	−0.063%	$13.3M	$12.7M	—	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0183%	1h	92.260	+0.087%	$96K	$189K	15x	as long as short
Nado WTI-PERP	−0.0131%	1h	92.313	+0.144%	$925K	$736K	10x	as long as short
Lighter WTI	−0.0072%	1h	92.241	+0.066%	$11.2M	$10.9M	20x	as long as short
QFEX CL-USD	−0.0054%	1h	92.240	+0.065%	$2.4M	$2.3M	10x	as long as short
Ondo Perps WTI-USD.P	−0.0045%	1h	92.210	+0.033%	$3.5M	$6.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex CL-USD-PERP	−0.0039%	8h	92.235	+0.060%	$15K	$367	5x	as long as short
tradeXYZ xyz:CL	−0.0036%	1h	92.276	+0.104%	$186.3M	$267.1M	20x	as long as short
Gate CL_USDTlong	−0.0034%	8h	92.180	long leg	$21.3M	$58.1M	100x
Pacifica CL	−0.0020%	1h	92.250	+0.076%	$333K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.269	+0.096%	$8K	$3K	5x	as long as short
Bybit CLUSDTshort	0.0000%	8h	92.243	+0.068%	$26.1M	$94.5M	150x
OKX CL-USDT-SWAP	0.0000%	4h	92.230	+0.054%	$43.0M	$112.6M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.366	+0.202%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.239	+0.064%	$42.0M	$51.6M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.190	+0.011%	$37K	$101K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.249	+0.075%	$19K	$241K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.163%	$399K	$963K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.812	−0.399%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	92.295	+0.125%	$2.0M	$26.7M	10x	as long as short
edgeX CLUSDC	+0.0035%	4h	92.185	+0.006%	$530K	$325K	30x	as long as short
StandX CL-USD	+0.0040%	1h	92.160	−0.022%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.290	+0.119%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.251	+0.077%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.244	+0.069%	$2.0M	$39K	20x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.243	+0.068%	$7.3M	$2.2M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.210	+0.033%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.217	+0.040%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.245	+0.071%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.34	+9.933%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.240	+0.065%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0431%	1h	92.244	+0.070%	$2K	$29K	5x	as long as short