Settings8H · net · $10k
Funding arb · Price arb /

CL

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Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0325%/8h= −35.6% APRnext payment $0.41 per $10,000 · paid last 24h −0.047%
Price spread now: Ondo Perps against Injective−8.893%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Ondo Perps is 8.893% cheaper against Injective than usual: you would sell low and buy high (−$889 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective WTI/USDC PERP102.170.0220pay 0.0028% / 1h49m 46s$19K$11K30x
ShortOndo Perps WTI-USD.P93.080−0.0105pay 0.0013% / 1h49m 46s$3.5M$5.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against Injective. 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

Funding earned
−$68.21
Price spread: −8.893% → 0.000%
−$889.34
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$962.56
Costs to cover
0.050%
Break-even
never at this rate
Slippage unknown: Injective: no order-book sample; Ondo Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Ondo Perps no order-book sample
Injective and Ondo Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit WTIOIL_USDC-PERPETUAL−0.0287%1h93.130−8.844%$199K$370K15xas long as short
Aster CLUSD1−0.0262%4h93.208−8.768%$24.1M$66.7M20xas long as short
GRVT CL_USDT_Perp−0.0238%4h93.007−8.965%$54K$658K25xas long as short
Binance CLUSDT−0.0173%4h93.179−8.797%$245.1M$943.3M100xas long as short
Variational Omni CL−0.0167%4h93.119−8.855%$13.5M$10.7Mas long as short
Bitget CLUSDT−0.0124%4h93.180−8.795%$42.0M$43.3M100xas long as short
Nado WTI-PERP−0.0122%1h93.186−8.790%$965K$645K10xas long as short
Aftermath Perps WTIUSD−0.0109%1h93.066−8.907%$2K$27K5xas long as short
Ondo Perps WTI-USD.Pshort−0.0105%1h93.080−8.893%$3.5M$5.3M20x
edgeX CLUSDC−0.0077%4h93.022−8.950%$526K$303K30xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_WTIOILUSD−0.0061%1h93.164−8.811%$268K$936K25xas long as short
Gate CL_USDT−0.0046%8h93.130−8.844%$21.0M$50.7M100xas long as short
Coinbase International WTIOIL-PERP-INTX−0.0040%1h93.190−8.786%$401K$928K15xas long as short
OKX CL-USDT-SWAP−0.0040%4h93.200−8.776%$42.6M$102.8M50xas long as short
QFEX CL-USD−0.0033%1h93.120−8.854%$2.3M$1.8M10xas long as short
KuCoin CLUSDTM−0.0018%4h93.191−8.785%$7.1M$2.4M50xas long as short
Phoenix WTIOIL−0.0009%1h93.050−8.923%$37K$41K20xas long as short
dYdX WTI-USD0.0000%1h93.160−8.815%$8K$3K5xas long as short
Bybit CLUSDT0.0000%8h93.210−8.766%$26.8M$80.7M150xas long as short
RISEx CL/USDC0.0000%1h93.215−8.761%$3.1M$2.9M20xas long as short
Bullet WTIOIL-USD0.0000%1h93.153−8.821%$19K$242K10xas long as short
gTrade (Gains Network) WTI/USDL 0.0000% / S +0.0036%1h92.697−9.268%$5K150xas long as short
tradeXYZ xyz:CL+0.0003%1h93.193−8.783%$184.8M$218.7M20xas long as short
Paradex CL-USD-PERP+0.0012%8h93.122−8.852%$16K$3675xas long as short
Lighter WTI+0.0032%1h93.170−8.805%$11.2M$10.3M20xas long as short
Extended WTI-USD+0.0032%1h93.210−8.766%$2.0M$19.7M10xas long as short
StandX CL-USD+0.0040%1h93.050−8.923%$735K$2.9M40xas long as short
Vest CL-PERP+0.0046%1h93.150−8.825%$313K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h93.145−8.830%$1.7M$1.3M20xas long as short
SoDEX CL-USD+0.0050%1h93.157−8.818%$2.1M$60K20xas long as short
Pacifica CL+0.0100%1h93.155−8.820%$331K$622K10xas long as short
ApeX Omni CLUSDT+0.0100%1h93.120−8.854%$56K$266K50xas long as short
Aevo WTIOIL-PERP+0.0104%1h93.110−8.864%$4K10xas long as short
BloFin CL-USDT+0.0196%4h93.070−8.903%$4.0M$996K50xas long as short
GMX WTIOIL/USD [ETH-USDC]L +0.0219% / S −0.0146%1h93.145−8.830%$81K111xas long as short
Injective WTI/USDC PERPlong+0.0220%1h102.17long leg$19K$11K30x