CL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.58 per $10,000 · paid last 24h +0.015%

Price spread now: Bitget against GRVT+0.065%93s7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$300.304% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.165%−$16 · spread now +0.065%, 7d avg −0.009%

Together, before fees−0.107%+ Points / potential airdropGRVT: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.073% dearer against GRVT than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.009%. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CL_USDT_Perp	92.847	−0.0248	get 0.0124% / 4h	1m 59s	$63K	$648K	25x
Short	Bitget CLUSDT	92.907	−0.0132	pay 0.0066% / 4h	1m 59s	$41.9M	$43.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against GRVT. 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 GRVTbpFee BitgetbpOrdersPrice spread, now +0.065%Rate

Funding earned: $24.36
Price spread: +0.065% → −0.009%: $7.35
Slippage, 4 orders: −$9.35
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: $1.35
Costs to cover: 0.304%
Break-even: 6.6 days

Slippage from GRVT: live order book, 56 min ago; Bitget: 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 GRVT live order book, 56 min ago	0.54 bp	9.3 bp −$9	14.0 bp −$140	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.48 bp	7.5 bp −$7	10.2 bp −$102	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0503%	1h	92.870	+0.025%	$198K	$370K	15x	as long as short
Aster CLUSD1	−0.0276%	4h	92.930	+0.089%	$24.0M	$66.4M	20x	as long as short
GRVT CL_USDT_Perplong	−0.0248%	4h	92.847	long leg	$63K	$648K	25x
Kraken Futures PF_WTIOILUSD	−0.0196%	1h	92.929	+0.089%	$272K	$875K	25x	as long as short
Binance CLUSDT	−0.0185%	4h	92.907	+0.065%	$244.5M	$944.1M	100x	as long as short
Variational Omni CL	−0.0179%	4h	92.839	−0.009%	$13.5M	$10.8M	—	as long as short
Bitget CLUSDTshort	−0.0132%	4h	92.907	+0.065%	$41.9M	$43.5M	100x
tradeXYZ xyz:CL	−0.0116%	1h	92.885	+0.041%	$187.4M	$216.9M	20x	as long as short
Aftermath Perps WTIUSD	−0.0106%	1h	92.929	+0.088%	$2K	$27K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0087%	1h	92.870	+0.025%	$3.5M	$5.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0080%	4h	92.863	+0.018%	$526K	$304K	30x	as long as short
OKX CL-USDT-SWAP	−0.0056%	4h	92.890	+0.046%	$42.5M	$102.6M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.930	+0.089%	$399K	$948K	15x	as long as short
Gate CL_USDT	−0.0046%	8h	92.850	+0.003%	$20.8M	$52.4M	100x	as long as short
QFEX CL-USD	−0.0043%	1h	92.890	+0.046%	$2.3M	$1.8M	10x	as long as short
Nado WTI-PERP	−0.0040%	1h	92.959	+0.120%	$963K	$647K	10x	as long as short
KuCoin CLUSDTM	−0.0034%	4h	92.918	+0.077%	$7.1M	$2.4M	50x	as long as short
Lighter WTI	0.0000%	1h	92.901	+0.058%	$11.2M	$10.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.937	+0.097%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.910	+0.068%	$26.5M	$80.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.967	+0.130%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.940	+0.100%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.912	+0.070%	$18K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.459	−0.418%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0003%	8h	92.888	+0.044%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	92.950	+0.111%	$2.0M	$20.1M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.920	+0.079%	$734K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.920	+0.079%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.910	+0.068%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.895	+0.052%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	92.896	+0.053%	$330K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.000	+0.165%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.881	+0.037%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0183%	4h	92.900	+0.057%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0217% / S −0.0145%	1h	92.905	+0.063%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.25	+10.129%	$19K	$11K	30x	as long as short