CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0150%/8h= −16.4% APRnext payment −$0.19 per $10,000 · paid last 24h −0.068%

Price spread now: Coinbase International against GMX+0.156%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Coinbase International

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Coinbase International is 0.156% dearer against GMX than usual: you sell high and buy low (spread +0.156% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX WTIOIL/USD [ETH-USDC]	93.015	L +0.0166% / S 0.0000%	pay 0.0021% / 1h	46m 15s	$85K	—	111x
Short	Coinbase International WTIOIL-PERP-INTX	93.160	0.0016	get 0.0002% / 1h	46m 15s	$404K	$808K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GMX. 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 GMXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.156%Rate

Funding earned: −$31.54
Price spread: +0.156% → 0.000%: $15.59
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$37.95
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 27 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 27 min ago	1.08 bp	8.2 bp −$8	9.8 bp −$98	doesn't fit	doesn't fit

GMX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WTIOIL_USDC-PERPETUAL	−0.0610%	1h	92.960	−0.059%	$188K	$408K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0313%	1h	93.028	+0.014%	$270K	$931K	25x	as long as short
Aster CLUSD1	−0.0240%	4h	93.020	+0.005%	$24.7M	$61.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0238%	4h	92.945	−0.076%	$74K	$614K	25x	as long as short
Binance CLUSDT	−0.0138%	4h	93.000	−0.016%	$246.7M	$929.9M	100x	as long as short
Variational Omni CL	−0.0127%	4h	92.920	−0.102%	$13.5M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0112%	1h	93.058	+0.047%	$952K	$610K	10x	as long as short
Bitget CLUSDT	−0.0088%	4h	92.976	−0.042%	$42.1M	$41.7M	100x	as long as short
Gate CL_USDT	−0.0082%	8h	92.940	−0.081%	$23.4M	$48.9M	100x	as long as short
Aftermath Perps WTIUSD	−0.0075%	1h	92.994	−0.022%	$1K	$27K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0058%	4h	93.000	−0.016%	$42.6M	$103.3M	50x	as long as short
tradeXYZ xyz:CL	−0.0048%	1h	93.030	+0.016%	$184.3M	$196.0M	20x	as long as short
edgeX CLUSDC	−0.0046%	4h	92.938	−0.083%	$542K	$343K	30x	as long as short
QFEX CL-USD	−0.0026%	1h	92.990	−0.027%	$2.3M	$2.5M	10x	as long as short
Ondo Perps WTI-USD.P	−0.0010%	1h	92.980	−0.038%	$3.6M	$5.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.953	−0.067%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.020	+0.005%	$27.4M	$80.3M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.046	+0.034%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.993	−0.023%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.569	−0.479%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0007%	8h	92.989	−0.028%	$16K	$367	5x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.960	−0.059%	$37K	$39K	20x	as long as short
Coinbase International WTIOIL-PERP-INTXshort	+0.0016%	1h	93.160	+0.156%	$404K	$808K	15x
Lighter WTI	+0.0024%	1h	92.983	−0.034%	$11.3M	$8.7M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.020	+0.005%	$1.7M	$14.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.930	−0.091%	$732K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.990	−0.027%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.010	−0.005%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.995	−0.022%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.022	+0.008%	$347K	$586K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.005	−0.011%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.020	+0.005%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.963	−0.055%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]long	L +0.0166% / S 0.0000%	1h	93.015	long leg	$85K	—	111x
BloFin CL-USDT	+0.0180%	4h	92.970	−0.048%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.804%	$19K	$5K	30x	as long as short