CL

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.010%

Price spread now: Coinbase International against Ondo Perps−0.111%7-day average −0.066% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.287%−$29 on $10k

Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.111%, 7d avg −0.066%

Together, before fees−0.232%+ Points / potential airdropOndo Perps: Active · farm board−$23 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.045% cheaper against Ondo Perps than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps WTI-USD.P	89.750	−0.0048	get 0.0006% / 1h	28m 51s	$3.4M	$6.3M	20x
Short	Coinbase International WTIOIL-PERP-INTX	89.650	−0.0040	pay 0.0005% / 1h	28m 51s	$409K	$1.4M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Ondo Perps. 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 Ondo PerpsbpFee Coinbase InternationalbpOrdersPrice spread, now −0.111%Rate

Funding earned: $1.68
Price spread: −0.111% → −0.066%: −$4.54
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$17.86
Costs to cover: 0.150%
Break-even: 81.4 days

Slippage unknown: Ondo Perps: no order-book sample; Coinbase International: live order book, 3 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 3 min ago	2.22 bp	8.5 bp −$8	10.5 bp −$105	doesn't fit	doesn't fit

Ondo Perps: 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 exchanges

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	−0.0341%	1h	89.781	+0.034%	$315K	$1.8M	25x	as long as short
Aster CLUSD1	−0.0101%	4h	89.880	+0.145%	$24.3M	$72.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0098%	4h	89.910	+0.178%	$61K	$643K	25x	as long as short
Aftermath Perps WTIUSD	−0.0096%	1h	89.806	+0.062%	$1K	$26K	5x	as long as short
Bitget CLUSDT	−0.0094%	4h	89.822	+0.080%	$40.9M	$55.7M	100x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0084%	1h	89.790	+0.045%	$39K	$651K	15x	as long as short
edgeX CLUSDC	−0.0074%	4h	89.943	+0.215%	$497K	$366K	30x	as long as short
Binance CLUSDT	−0.0057%	4h	89.840	+0.100%	$241.1M	$1.21B	100x	as long as short
tradeXYZ xyz:CL	−0.0055%	1h	89.822	+0.080%	$166.3M	$241.4M	20x	as long as short
Ondo Perps WTI-USD.Plong	−0.0048%	1h	89.750	long leg	$3.4M	$6.3M	20x

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International WTIOIL-PERP-INTXshort	−0.0040%	1h	89.650	−0.111%	$409K	$1.4M	15x
Gate CL_USDT	−0.0036%	8h	89.790	+0.045%	$23.2M	$55.0M	100x	as long as short
Variational Omni CL	−0.0034%	4h	89.864	+0.127%	$12.7M	$11.2M	—	as long as short
Nado WTI-PERP	−0.0027%	1h	89.813	+0.071%	$876K	$687K	10x	as long as short
QFEX CL-USD	−0.0025%	1h	89.770	+0.022%	$2.2M	$2.6M	10x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.560	−0.212%	$609	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	89.879	+0.144%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	89.860	+0.123%	$27.8M	$109.1M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	89.820	+0.078%	$40.3M	$134.0M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	89.995	+0.273%	$2.8M	$3.1M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	89.940	+0.212%	$33K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	89.797	+0.053%	$16K	$235K	10x	as long as short
Extended WTI-USD	+0.0008%	1h	89.860	+0.123%	$1.4M	$14.1M	10x	as long as short
Paradex CL-USD-PERP	+0.0024%	8h	89.819	+0.077%	$15K	$458	5x	as long as short
Lighter WTI	+0.0032%	1h	89.775	+0.028%	$10.6M	$10.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	89.820	+0.078%	$693K	$2.7M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	89.770	+0.022%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	89.720	−0.033%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	89.790	+0.045%	$2.0M	$83K	20x	as long as short
Pacifica CL	+0.0100%	1h	89.904	+0.172%	$301K	$739K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	89.840	+0.100%	$6.9M	$3.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	89.930	+0.201%	$52K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	89.762	+0.013%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0164% / S +0.0005%	1h	89.795	+0.050%	$75K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	90.137	+0.431%	$16K	$5K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	89.780	+0.033%	$3.8M	$1.0M	50x	as long as short