CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0211%/8h= −23.2% APRnext payment −$0.26 per $10,000 · paid last 24h −0.042%

Price spread now: Phoenix against Injective−9.658%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Phoenix

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

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Phoenix is 9.658% cheaper against Injective than usual: you would sell low and buy high (−$966 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective WTI/USDC PERP	102.13	0.0220	pay 0.0028% / 1h	14m 08s	$19K	$5K	30x
Short	Phoenix WTIOIL	92.270	0.0009	get 0.0001% / 1h	14m 08s	$36K	$39K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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

Position, each leg$Hold fordaysFee InjectivebpFee PhoenixbpOrdersPrice spread, now −9.658%Rate

Funding earned: −$44.4
Price spread: −9.658% → 0.000%: −$965.79
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$1,017.21
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Phoenix: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Injective no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Injective and Phoenix: 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	−0.0731%	1h	91.630	−10.285%	$183K	$415K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0317%	1h	91.680	−10.236%	$256K	$944K	25x	as long as short
Aster CLUSD1	−0.0216%	4h	91.688	−10.228%	$24.7M	$59.4M	20x	as long as short
Binance CLUSDT	−0.0127%	4h	91.645	−10.270%	$247.3M	$949.7M	100x	as long as short
Nado WTI-PERP	−0.0100%	1h	91.843	−10.076%	$943K	$599K	10x	as long as short
Variational Omni CL	−0.0099%	4h	91.922	−9.999%	$13.4M	$10.8M	—	as long as short
GRVT CL_USDT_Perp	−0.0098%	4h	92.300	−9.629%	$74K	$611K	25x	as long as short
Gate CL_USDT	−0.0091%	8h	91.600	−10.314%	$23.7M	$51.0M	100x	as long as short
Bitget CLUSDT	−0.0084%	4h	91.623	−10.291%	$41.6M	$42.6M	100x	as long as short
Aftermath Perps WTIUSD	−0.0053%	1h	92.248	−9.680%	$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	−0.0050%	4h	91.620	−10.294%	$42.2M	$103.5M	50x	as long as short
QFEX CL-USD	−0.0026%	1h	91.720	−10.196%	$2.3M	$2.5M	10x	as long as short
tradeXYZ xyz:CL	−0.0016%	1h	91.657	−10.258%	$182.1M	$193.3M	20x	as long as short
edgeX CLUSDC	−0.0001%	4h	92.217	−9.710%	$538K	$343K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	91.793	−10.125%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	91.669	−10.246%	$26.8M	$84.3M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	91.947	−9.974%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	91.704	−10.212%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.256	−10.651%	$5K	—	150x	as long as short
Phoenix WTIOILshort	+0.0009%	1h	92.270	−9.658%	$36K	$39K	20x
Lighter WTI	+0.0016%	1h	91.666	−10.249%	$11.1M	$9.0M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	91.720	−10.196%	$405K	$976K	15x	as long as short
Paradex CL-USD-PERP	+0.0018%	8h	91.702	−10.214%	$15K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	91.720	−10.196%	$1.7M	$13.8M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0032%	1h	91.700	−10.216%	$3.6M	$5.1M	20x	as long as short
StandX CL-USD	+0.0040%	1h	91.980	−9.942%	$722K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	91.780	−10.138%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	91.762	−10.155%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.655	−10.260%	$2.0M	$69K	20x	as long as short
Pacifica CL	+0.0100%	1h	91.743	−10.174%	$340K	$574K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.654	−10.261%	$7.0M	$2.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.210	−9.717%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.630	−10.284%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0165% / S −0.0002%	1h	91.635	−10.280%	$78K	—	111x	as long as short
BloFin CL-USDT	+0.0192%	4h	91.910	−10.010%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERPlong	+0.0220%	1h	102.13	long leg	$19K	$5K	30x