CL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.09 per $10,000 · paid last 24h +0.001%

Price spread now: edgeX against OKX−0.533%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$410.407% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.126%−$13 on $10k

Price spread, last 4 days (all we have)+0.538%+$54 · spread now −0.533%, 7d avg −0.018%

Together, before fees+0.411%+ Points / potential airdropedgeX: Active · farm board+$41 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and edgeX is 0.515% cheaper against OKX than usual: you would sell low and buy high (−$52 if the spread goes back to its 7-day average of −0.018%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CL-USDT-SWAP	90.790	−0.0045	get 0.0022% / 4h	2h 58m	$41.2M	$111.2M	50x
Short	edgeX CLUSDC	90.306	−0.0062	pay 0.0031% / 4h	2h 58m	$518K	$352K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.533%Rate

Funding earned: −$3.66
Price spread: −0.533% → −0.018%: −$51.51
Slippage, 4 orders: −$21.66
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$95.83
Costs to cover: 0.407%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; edgeX: live order book, 35 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	0.55 bp	6.1 bp −$6	7.2 bp −$72	15.9 bp −$1,590	doesn't fit
Sell edgeX live order book, 35 min ago	10.02 bp	14.5 bp −$15	14.6 bp −$146	22.0 bp −$2,200	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
Kraken Futures PF_WTIOILUSD	−0.0365%	1h	90.664	−0.139%	$270K	$1.0M	25x	as long as short
Aster CLUSD1	−0.0200%	4h	90.800	+0.011%	$24.5M	$61.2M	20x	as long as short
Binance CLUSDT	−0.0121%	4h	90.779	−0.012%	$245.6M	$1.03B	100x	as long as short
Bitget CLUSDT	−0.0100%	4h	90.757	−0.036%	$40.8M	$45.7M	100x	as long as short
Variational Omni CL	−0.0100%	4h	90.468	−0.354%	$13.0M	$11.0M	—	as long as short
Nado WTI-PERP	−0.0099%	1h	90.561	−0.252%	$938K	$613K	10x	as long as short
Gate CL_USDT	−0.0087%	8h	90.690	−0.110%	$23.0M	$50.4M	100x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0081%	1h	90.640	−0.165%	$181K	$415K	15x	as long as short
GRVT CL_USDT_Perp	−0.0066%	4h	90.468	−0.355%	$70K	$616K	25x	as long as short
edgeX CLUSDCshort	−0.0062%	4h	90.306	−0.533%	$518K	$352K	30x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAPlong	−0.0045%	4h	90.790	long leg	$41.2M	$111.2M	50x
Aftermath Perps WTIUSD	−0.0030%	1h	90.601	−0.208%	$1K	$27K	5x	as long as short
QFEX CL-USD	−0.0026%	1h	90.500	−0.319%	$2.2M	$2.9M	10x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.952	−0.923%	$1K	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	90.488	−0.333%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	90.821	+0.034%	$26.1M	$90.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.619	−0.189%	$2.9M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	90.586	−0.225%	$18K	$238K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0008%	1h	90.590	−0.220%	$408K	$1.0M	15x	as long as short
Phoenix WTIOIL	+0.0009%	1h	90.470	−0.352%	$36K	$36K	20x	as long as short
Paradex CL-USD-PERP	+0.0017%	8h	90.503	−0.316%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	90.689	−0.111%	$11.0M	$8.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	90.810	+0.022%	$1.6M	$13.7M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	102.13	+12.495%	$19K	$5K	30x	as long as short
StandX CL-USD	+0.0040%	1h	90.340	−0.496%	$703K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	90.510	−0.308%	—	$313K	10x	as long as short
tradeXYZ xyz:CL	+0.0050%	1h	90.715	−0.083%	$176.6M	$206.3M	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	90.522	−0.295%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	90.699	−0.100%	$2.0M	$82K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	90.440	−0.386%	$3.5M	$5.2M	20x	as long as short
Pacifica CL	+0.0100%	1h	90.461	−0.363%	$334K	$573K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	90.791	+0.001%	$6.9M	$2.8M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	90.490	−0.330%	$53K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	90.608	−0.200%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0192%	4h	90.710	−0.088%	$4.0M	$999K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0254% / S −0.0184%	1h	90.485	−0.336%	$84K	—	111x	as long as short