CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0241%/8h= +26.4% APRnext payment +$1.21 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against OKX+0.032%113s7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs+$11as 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−$260.263% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.370%+$37 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.032%, 7d avg −0.015%

Together, before fees+0.260%+$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.047% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.015%. The two prices were read 113 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	OKX CL-USDT-SWAP	93.380	−0.0059	get 0.0030% / 4h	1h 03m	$42.9M	$102.1M	50x
Short	BloFin CL-USDT	93.410	0.0182	get 0.0091% / 4h	1h 03m	$4.1M	$969K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.032%Rate

Funding earned: $50.65
Price spread: +0.032% → −0.015%: $4.66
Slippage, 4 orders: −$4.28
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $29.04
Costs to cover: 0.263%
Break-even: 3.0 days

Slippage from OKX: live order book, 6 min ago; BloFin: 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, 6 min ago	0.54 bp	5.5 bp −$6	6.6 bp −$66	13.9 bp −$1,389	doesn't fit
Sell BloFin live order book, 5 min ago	1.61 bp	7.6 bp −$8	7.6 bp −$76	11.4 bp −$1,143	27.6 bp −$13.8K

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	−0.0606%	1h	93.370	−0.011%	$195K	$386K	15x	as long as short
GRVT CL_USDT_Perp	−0.0302%	4h	93.400	+0.021%	$53K	$628K	25x	as long as short
Aster CLUSD1	−0.0297%	4h	93.424	+0.047%	$24.6M	$65.4M	20x	as long as short
Binance CLUSDT	−0.0169%	4h	93.398	+0.019%	$247.5M	$918.2M	100x	as long as short
Variational Omni CL	−0.0153%	4h	93.439	+0.063%	$13.4M	$10.7M	—	as long as short
Ondo Perps WTI-USD.P	−0.0138%	1h	93.350	−0.032%	$3.5M	$5.3M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.417	+0.039%	$276K	$967K	25x	as long as short
Aftermath Perps WTIUSD	−0.0133%	1h	93.460	+0.085%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0128%	4h	93.376	−0.004%	$42.4M	$42.1M	100x	as long as short
Gate CL_USDT	−0.0127%	8h	93.330	−0.054%	$22.6M	$50.7M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0084%	1h	93.397	+0.018%	$184.6M	$204.1M	20x	as long as short
Nado WTI-PERP	−0.0078%	1h	93.464	+0.090%	$961K	$633K	10x	as long as short
OKX CL-USDT-SWAPlong	−0.0059%	4h	93.380	long leg	$42.9M	$102.1M	50x
edgeX CLUSDC	−0.0047%	4h	93.433	+0.057%	$525K	$305K	30x	as long as short
QFEX CL-USD	−0.0023%	1h	93.380	0.000%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.540	+0.171%	$405K	$917K	15x	as long as short
Lighter WTI	0.0000%	1h	93.392	+0.013%	$11.3M	$9.7M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.487	+0.115%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.400	+0.021%	$26.7M	$79.0M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.439	+0.063%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.450	+0.075%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.415	+0.037%	$20K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.962	−0.448%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0002%	8h	93.379	−0.001%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.450	+0.075%	$2.0M	$14.9M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.470	+0.096%	$741K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.400	+0.021%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.389	+0.010%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.399	+0.020%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.395	+0.016%	$332K	$572K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.404	+0.026%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.460	+0.086%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.370	−0.011%	$4K	—	10x	as long as short
BloFin CL-USDTshort	+0.0182%	4h	93.410	+0.032%	$4.1M	$969K	50x
Injective WTI/USDC PERP	+0.0220%	1h	102.82	+10.108%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0250% / S −0.0185%	1h	93.395	+0.016%	$84K	—	111x	as long as short