CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0027%/8h= −3.0% APRnext payment −$0.14 per $10,000 · paid last 24h −0.030%

Price spread now: edgeX against KuCoin−0.003%98s7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as 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−$480.484% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.338%−$34 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.003%, 7d avg −0.020%

Together, before fees−0.348%+ Points / potential airdropedgeX: Active · farm board−$35 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 98 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	KuCoin CLUSDTM	93.176	0.0002	pay 0.0001% / 4h	3h 19m	$7.1M	$2.4M	50x
Short	edgeX CLUSDC	93.174	−0.0025	pay 0.0013% / 4h	3h 19m	$524K	$306K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against KuCoin. 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 KuCoinbpFee edgeXbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$5.71
Price spread: −0.003% → −0.020%: $1.78
Slippage, 4 orders: −$27.36
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$52.29
Costs to cover: 0.484%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; edgeX: live order book, 34 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 KuCoin live order book, 3 min ago	1.39 bp	8.9 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 34 min ago	10.27 bp	14.8 bp −$15	15.0 bp −$150	21.6 bp −$2,158	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	−0.0608%	1h	93.120	−0.060%	$199K	$370K	15x	as long as short
GRVT CL_USDT_Perp	−0.0308%	4h	93.140	−0.039%	$54K	$645K	25x	as long as short
Aster CLUSD1	−0.0277%	4h	93.190	+0.015%	$24.2M	$66.0M	20x	as long as short
Binance CLUSDT	−0.0182%	4h	93.150	−0.028%	$245.9M	$940.3M	100x	as long as short
Variational Omni CL	−0.0167%	4h	93.119	−0.061%	$13.3M	$10.9M	—	as long as short
Ondo Perps WTI-USD.P	−0.0132%	1h	93.120	−0.060%	$3.5M	$5.4M	20x	as long as short
Bitget CLUSDT	−0.0132%	4h	93.140	−0.039%	$42.0M	$43.2M	100x	as long as short
Aftermath Perps WTIUSD	−0.0123%	1h	93.157	−0.020%	$2K	$27K	5x	as long as short
Nado WTI-PERP	−0.0120%	1h	93.195	+0.020%	$964K	$630K	10x	as long as short
Gate CL_USDT	−0.0066%	8h	93.100	−0.082%	$21.3M	$51.5M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.159	−0.018%	$280K	$957K	25x	as long as short
OKX CL-USDT-SWAP	−0.0058%	4h	93.150	−0.028%	$42.6M	$102.8M	50x	as long as short
tradeXYZ xyz:CL	−0.0052%	1h	93.162	−0.015%	$184.4M	$217.6M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.017%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.140	−0.039%	$2.3M	$1.9M	10x	as long as short
Paradex CL-USD-PERP	−0.0026%	8h	93.127	−0.053%	$16K	$367	5x	as long as short
edgeX CLUSDCshort	−0.0025%	4h	93.174	−0.003%	$524K	$306K	30x
Phoenix WTIOIL	−0.0009%	1h	93.210	+0.036%	$37K	$41K	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.173	−0.004%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.154	−0.024%	$26.8M	$80.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.213	+0.039%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.156	−0.021%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.723	−0.486%	$5K	—	150x	as long as short
KuCoin CLUSDTMlong	+0.0002%	4h	93.176	long leg	$7.1M	$2.4M	50x
Lighter WTI	+0.0008%	1h	93.154	−0.024%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0016%	1h	93.200	+0.026%	$2.0M	$18.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.120	−0.060%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.180	+0.004%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.155	−0.023%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.153	−0.025%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.133	−0.046%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.170	−0.006%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.118	−0.063%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0184%	4h	93.110	−0.071%	$4.0M	$999K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.51	+10.018%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0223% / S −0.0150%	1h	93.155	−0.023%	$81K	—	111x	as long as short