CL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0203%/8h= −22.2% APRnext payment −$0.25 per $10,000 · paid last 24h −0.086%

Price spread now: Phoenix against GMX+0.082%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 Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 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. Phoenix is 0.082% dearer against GMX than usual: you sell high and buy low (spread +0.082% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX WTIOIL/USD [ETH-USDC]	92.005	L +0.0203% / S −0.0127%	pay 0.0025% / 1h	47m 21s	$76K	—	111x
Short	Phoenix WTIOIL	92.080	0	get 0.0000% / 1h	47m 21s	$37K	$101K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$42.62
Price spread: +0.082% → 0.000%: $8.15
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$53.47
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Phoenix: live order book, 6 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 Phoenix live order book, 6 min ago	2.17 bp	8.9 bp −$9	17.6 bp −$176	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
Kraken Futures PF_WTIOILUSD	−0.0450%	1h	92.042	+0.041%	$275K	$1.2M	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0293%	1h	92.030	+0.027%	$96K	$189K	15x	as long as short
GRVT CL_USDT_Perp	−0.0290%	4h	91.994	−0.012%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0218%	4h	92.020	+0.016%	$23.9M	$77.6M	20x	as long as short
Nado WTI-PERP	−0.0174%	1h	92.089	+0.091%	$923K	$744K	10x	as long as short
Lighter WTI	−0.0136%	1h	92.008	+0.003%	$11.1M	$10.9M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0135%	1h	92.000	−0.005%	$3.5M	$6.4M	20x	as long as short
Binance CLUSDT	−0.0135%	4h	92.010	+0.005%	$245.2M	$1.10B	100x	as long as short
tradeXYZ xyz:CL	−0.0111%	1h	92.032	+0.029%	$185.6M	$275.7M	20x	as long as short
Paradex CL-USD-PERP	−0.0106%	8h	91.995	−0.011%	$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
Variational Omni CL	−0.0096%	4h	91.994	−0.012%	$13.4M	$13.0M	—	as long as short
Bullet WTIOIL-USD	−0.0079%	1h	92.016	+0.012%	$19K	$241K	10x	as long as short
QFEX CL-USD	−0.0054%	1h	92.000	−0.005%	$2.4M	$2.6M	10x	as long as short
Gate CL_USDT	−0.0021%	8h	91.960	−0.049%	$21.3M	$57.5M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.022	+0.019%	$332K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.112%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.040	+0.038%	$25.6M	$94.8M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.010	+0.005%	$43.1M	$113.1M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.128	+0.134%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.005	0.000%	$41.9M	$51.8M	100x	as long as short
Phoenix WTIOILshort	0.0000%	1h	92.080	+0.082%	$37K	$101K	20x
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	+0.027%	$399K	$984K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.606	−0.434%	$4K	—	150x	as long as short
Polymarket Perps WTIOIL-USD	+0.0022%	1h	92.008	+0.003%	$1.6M	$1.4M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.080	+0.082%	$2.0M	$27.5M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.000	−0.005%	$723K	$3.1M	40x	as long as short
Aftermath Perps WTIUSD	+0.0044%	1h	92.027	+0.024%	$2K	$29K	5x	as long as short
Vest CL-PERP	+0.0046%	1h	92.080	+0.082%	—	$308K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.015	+0.011%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0068%	4h	92.022	+0.019%	$529K	$335K	30x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.015	+0.011%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.050	+0.049%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.982	−0.025%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]long	L +0.0203% / S −0.0127%	1h	92.005	long leg	$76K	—	111x
Injective WTI/USDC PERP	+0.0220%	1h	101.28	+10.076%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.000	−0.005%	$4.0M	$1.4M	50x	as long as short