CL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0323%/8h= −35.4% APRnext payment −$0.40 per $10,000 · paid last 24h −0.057%

Price spread now: tradeXYZ against Injective−9.052%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 tradeXYZ

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—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and tradeXYZ is 9.052% cheaper against Injective than usual: you would sell low and buy high (−$905 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	101.28	0.0220	pay 0.0028% / 1h	41m 02s	$19K	$11K	30x
Short	tradeXYZ xyz:CL	92.108	−0.0103	pay 0.0013% / 1h	41m 02s	$187.1M	$276.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −9.052%Rate

Funding earned: −$67.8
Price spread: −9.052% → 0.000%: −$905.16
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$990.98
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; tradeXYZ: live order book, 9 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 Injective no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 9 min ago	0.16 bp	9.2 bp −$9	9.9 bp −$99	doesn't fit	doesn't fit

Injective: 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	92.106	−9.054%	$274K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0310%	4h	92.070	−9.089%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0234%	4h	92.100	−9.059%	$24.0M	$77.7M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0184%	1h	92.090	−9.069%	$96K	$189K	15x	as long as short
Nado WTI-PERP	−0.0175%	1h	92.133	−9.027%	$924K	$741K	10x	as long as short
Binance CLUSDT	−0.0156%	4h	92.090	−9.069%	$245.4M	$1.10B	100x	as long as short
Lighter WTI	−0.0128%	1h	92.073	−9.086%	$11.1M	$10.9M	20x	as long as short
Variational Omni CL	−0.0123%	4h	91.994	−9.165%	$13.4M	$12.7M	—	as long as short
Ondo Perps WTI-USD.P	−0.0122%	1h	92.080	−9.079%	$3.5M	$6.4M	20x	as long as short
Paradex CL-USD-PERP	−0.0107%	8h	92.047	−9.112%	$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
tradeXYZ xyz:CLshort	−0.0103%	1h	92.108	−9.052%	$187.1M	$276.8M	20x
Bullet WTIOIL-USD	−0.0071%	1h	92.060	−9.099%	$18K	$241K	10x	as long as short
QFEX CL-USD	−0.0054%	1h	92.040	−9.119%	$2.4M	$2.6M	10x	as long as short
Gate CL_USDT	−0.0026%	8h	92.030	−9.129%	$21.3M	$57.6M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.083	−9.076%	$332K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	−9.052%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.100	−9.059%	$25.5M	$94.8M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.080	−9.079%	$43.1M	$112.9M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.170	−8.991%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.077	−9.082%	$42.0M	$51.7M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.120	−9.040%	$37K	$101K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−9.129%	$399K	$966K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.645	−9.509%	$4K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	92.120	−9.040%	$2.0M	$27.5M	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0033%	1h	92.068	−9.091%	$1.6M	$1.4M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.100	−9.059%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.120	−9.040%	—	$308K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.085	−9.074%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0059%	4h	92.037	−9.122%	$529K	$336K	30x	as long as short
Aftermath Perps WTIUSD	+0.0076%	1h	92.085	−9.075%	$2K	$29K	5x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.082	−9.077%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.150	−9.010%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.046	−9.113%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	92.065	−9.094%	$76K	—	111x	as long as short
Injective WTI/USDC PERPlong	+0.0220%	1h	101.28	long leg	$19K	$11K	30x
BloFin CL-USDT	+0.0240%	4h	92.080	−9.079%	$4.0M	$1.4M	50x	as long as short