CL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0335%/8h= −36.6% APRnext payment −$0.42 per $10,000 · paid last 24h −0.048%

Price spread now: Deribit against Ondo Perps+0.122%7-day average +0.050% · you sell dearer than you buy

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

Long on Ondo Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.131%−$13 on $10k

Price spread, last 4 days (all we have)−0.404%−$40 · spread now +0.122%, 7d avg +0.050%

Together, before fees−0.535%+ Points / potential airdropOndo Perps: Active · farm board−$54 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.072% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.122% now, against its 7-day average of +0.050%): +$7 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 4 days (−0.131% in total) that is about 2.2 days.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.131% in total (about -11.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.42 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps WTI-USD.P	90.310	0.0032	pay 0.0004% / 1h	1m 04s	$3.5M	$5.1M	20x
Short	Deribit WTIOIL_USDC-PERPETUAL	90.420	−0.0303	pay 0.0038% / 1h	1m 04s	$181K	$415K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.122%Rate

Funding earned: −$70.28
Price spread: +0.122% → +0.050%: $7.2
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$75.08
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Deribit: live order book, 33 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 Deribit live order book, 33 min ago	1.08 bp	4.6 bp −$5	6.5 bp −$65	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 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	−0.0322%	1h	90.484	+0.193%	$266K	$1.0M	25x	as long as short
Deribit WTIOIL_USDC-PERPETUALshort	−0.0303%	1h	90.420	+0.122%	$181K	$415K	15x
Aster CLUSD1	−0.0206%	4h	90.553	+0.269%	$24.6M	$60.7M	20x	as long as short
Binance CLUSDT	−0.0125%	4h	90.510	+0.221%	$245.7M	$1.02B	100x	as long as short
Bitget CLUSDT	−0.0104%	4h	90.475	+0.183%	$40.7M	$45.5M	100x	as long as short
Gate CL_USDT	−0.0103%	8h	90.440	+0.144%	$22.9M	$53.2M	100x	as long as short
Variational Omni CL	−0.0102%	4h	90.380	+0.078%	$13.1M	$10.9M	—	as long as short
GRVT CL_USDT_Perp	−0.0092%	4h	90.248	−0.069%	$70K	$616K	25x	as long as short
Nado WTI-PERP	−0.0091%	1h	90.472	+0.180%	$937K	$613K	10x	as long as short
edgeX CLUSDC	−0.0071%	4h	90.283	−0.030%	$527K	$342K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0048%	4h	90.510	+0.221%	$41.2M	$110.3M	50x	as long as short
Aftermath Perps WTIUSD	−0.0040%	1h	90.669	+0.397%	$1K	$27K	5x	as long as short
QFEX CL-USD	−0.0026%	1h	90.350	+0.044%	$2.2M	$2.9M	10x	as long as short
tradeXYZ xyz:CL	−0.0023%	1h	90.466	+0.173%	$176.8M	$205.2M	20x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.925	−0.426%	$1K	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	90.381	+0.078%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	90.520	+0.233%	$25.9M	$90.1M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.625	+0.348%	$2.9M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	90.486	+0.195%	$18K	$238K	10x	as long as short
Phoenix WTIOIL	+0.0009%	1h	90.590	+0.310%	$36K	$39K	20x	as long as short
Paradex CL-USD-PERP	+0.0015%	8h	90.224	−0.095%	$15K	$367	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	90.460	+0.166%	$407K	$1.0M	15x	as long as short
Lighter WTI	+0.0024%	1h	90.464	+0.171%	$11.0M	$9.5M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	90.490	+0.199%	$1.6M	$13.6M	10x	as long as short
Ondo Perps WTI-USD.Plong	+0.0032%	1h	90.310	long leg	$3.5M	$5.1M	20x
StandX CL-USD	+0.0040%	1h	90.350	+0.044%	$703K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	90.430	+0.133%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	90.447	+0.152%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	90.450	+0.155%	$2.0M	$79K	20x	as long as short
Pacifica CL	+0.0100%	1h	90.277	−0.036%	$334K	$573K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	90.520	+0.233%	$6.9M	$2.8M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	90.430	+0.133%	$53K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	90.433	+0.136%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0188%	4h	90.430	+0.133%	$4.0M	$997K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+13.093%	$19K	$5K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0254% / S −0.0184%	1h	90.485	+0.194%	$84K	—	111x	as long as short