CL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.16 per $10,000 · paid last 24h −0.002%

Price spread now: Bitget against OKX+0.019%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 7 days−0.032%−$3 · spread now +0.019%, 7d avg −0.003%

Together, before fees−0.082%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.023% dearer against OKX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.003%. Mind the row above: over the last 7 days funding on this pair cost −0.050%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CL-USDT-SWAP	92.730	−0.0031	get 0.0016% / 4h	1h 38m	$42.8M	$102.0M	50x
Short	Bitget CLUSDT	92.748	0	get 0.0000% / 4h	1h 38m	$41.8M	$43.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now +0.019%Rate

Funding earned: $6.58
Price spread: +0.019% → −0.003%: $2.28
Slippage, 4 orders: −$3.57
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$16.71
Costs to cover: 0.256%
Break-even: 24.8 days

Slippage from OKX: live order book, 5 min ago; Bitget: live order book, 5 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 OKX live order book, 5 min ago	0.54 bp	5.5 bp −$6	6.0 bp −$60	12.2 bp −$1,215	doesn't fit
Sell Bitget live order book, 5 min ago	0.49 bp	7.1 bp −$7	8.9 bp −$89	doesn't fit	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	−0.0720%	1h	92.710	−0.022%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0244%	4h	92.750	+0.022%	$23.9M	$69.1M	20x	as long as short
GRVT CL_USDT_Perp	−0.0220%	4h	92.820	+0.097%	$61K	$633K	25x	as long as short
Binance CLUSDT	−0.0209%	4h	92.751	+0.023%	$244.2M	$956.4M	100x	as long as short
Variational Omni CL	−0.0203%	4h	92.777	+0.051%	$13.6M	$11.1M	—	as long as short
Ondo Perps WTI-USD.P	−0.0160%	1h	92.730	0.000%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0141%	1h	92.871	+0.152%	$961K	$668K	10x	as long as short
Gate CL_USDT	−0.0096%	8h	92.670	−0.065%	$20.9M	$52.4M	100x	as long as short
tradeXYZ xyz:CL	−0.0068%	1h	92.758	+0.030%	$184.4M	$218.0M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	+0.022%	$402K	$944K	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	−0.0032%	1h	92.790	+0.065%	$2.5M	$1.7M	10x	as long as short
OKX CL-USDT-SWAPlong	−0.0031%	4h	92.730	long leg	$42.8M	$102.0M	50x
Aftermath Perps WTIUSD	−0.0026%	1h	92.843	+0.122%	$2K	$27K	5x	as long as short
edgeX CLUSDC	−0.0011%	4h	92.800	+0.075%	$528K	$301K	30x	as long as short
Lighter WTI	0.0000%	1h	92.760	+0.032%	$11.2M	$10.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.838	+0.116%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.763	+0.036%	$26.7M	$81.1M	150x	as long as short
Bitget CLUSDTshort	0.0000%	4h	92.748	+0.019%	$41.8M	$43.3M	100x
Phoenix WTIOIL	0.0000%	1h	92.820	+0.097%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.735	+0.006%	$18K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.306	−0.457%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	92.770	+0.043%	$2.1M	$23.0M	10x	as long as short
Paradex CL-USD-PERP	+0.0024%	8h	92.743	+0.014%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.480	−0.270%	$727K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.790	+0.065%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.796	+0.071%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.744	+0.015%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTM	+0.0054%	4h	92.798	+0.073%	$7.3M	$2.3M	50x	as long as short
RISEx CL/USDC	+0.0066%	1h	92.906	+0.190%	$3.3M	$2.7M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.747	+0.018%	$331K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.800	+0.075%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.719	−0.012%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.757	+0.030%	$273K	$872K	25x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.735	+0.005%	$78K	—	111x	as long as short
BloFin CL-USDT	+0.0209%	4h	92.790	+0.065%	$4.0M	$1.1M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.95	+9.947%	$19K	$11K	30x	as long as short