CL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0382%/8h= +41.8% APRnext payment +$1.91 per $10,000 · paid last 24h +0.023%

Price spread now: edgeX against GRVT+0.017%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on GRVT Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 3 days (all we have)−0.030%−$3 · spread now +0.017%, 7d avg −0.006%

Together, before fees−0.050%+ Points / potential airdropGRVT: Active · edgeX: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and edgeX is 0.023% dearer against GRVT than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.006%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.020% in total (about -1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.91 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CL_USDT_Perp	92.655	−0.0352	get 0.0176% / 4h	3h 06m	$58K	$630K	25x
Short	edgeX CLUSDC	92.671	0.0030	get 0.0015% / 4h	3h 06m	$533K	$299K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.017%Rate

Funding earned: $80.24
Price spread: +0.017% → −0.006%: $2.35
Slippage, 4 orders: −$25.1
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $39.49
Costs to cover: 0.431%
Break-even: 3.6 days

Slippage from GRVT: live order book, 1 min ago; edgeX: 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, 1 min ago	0.54 bp	8.9 bp −$9	11.8 bp −$118	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	10.10 bp	14.6 bp −$15	15.0 bp −$150	22.9 bp −$2,289	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
GRVT CL_USDT_Perplong	−0.0352%	4h	92.655	long leg	$58K	$630K	25x
Aster CLUSD1	−0.0337%	4h	92.710	+0.060%	$24.0M	$75.1M	20x	as long as short
Binance CLUSDT	−0.0283%	4h	92.682	+0.030%	$244.6M	$1.03B	100x	as long as short
Variational Omni CL	−0.0272%	4h	92.610	−0.048%	$13.3M	$11.4M	—	as long as short
Gate CL_USDT	−0.0199%	8h	92.610	−0.048%	$21.3M	$55.6M	100x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0182%	1h	92.610	−0.048%	$123K	$275K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.643	−0.013%	$274K	$912K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0053%	1h	92.590	−0.070%	$3.5M	$5.9M	20x	as long as short
Nado WTI-PERP	−0.0050%	1h	92.665	+0.011%	$934K	$707K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.674%	$399K	$956K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.600	−0.059%	$2.4M	$1.7M	10x	as long as short
tradeXYZ xyz:CL	−0.0031%	1h	92.650	−0.005%	$185.9M	$233.5M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.666	+0.012%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.690	+0.038%	$26.5M	$88.7M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.670	+0.017%	$43.0M	$108.4M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.736	+0.087%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.650	−0.005%	$42.1M	$48.1M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.650	−0.005%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.617	−0.040%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.176	−0.517%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	92.700	+0.049%	$2.3M	$25.7M	10x	as long as short
Paradex CL-USD-PERP	+0.0008%	8h	92.592	−0.067%	$15K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	92.636	−0.020%	$11.2M	$10.3M	20x	as long as short
edgeX CLUSDCshort	+0.0030%	4h	92.671	+0.017%	$533K	$299K	30x
StandX CL-USD	+0.0040%	1h	92.320	−0.361%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.640	−0.016%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.619	−0.038%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.630	−0.027%	$2.0M	$38K	20x	as long as short
KuCoin CLUSDTM	+0.0078%	4h	92.656	+0.002%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.613	−0.044%	$354K	$605K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.670	+0.017%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.582	−0.079%	$4K	—	10x	as long as short
Aftermath Perps WTIUSD	+0.0143%	1h	92.633	−0.023%	$2K	$28K	5x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.615	−0.043%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.69	+9.752%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.610	−0.048%	$4.0M	$1.2M	50x	as long as short