CL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.03 per $10,000 · paid last 24h −0.013%

Price spread now: tradeXYZ against Ondo Perps+0.015%7-day average +0.045% · you sell dearer than you buy

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

Long on Ondo Perps Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 7 days−0.063%−$6 · spread now +0.015%, 7d avg +0.045%

Together, before fees−0.184%+ Points / potential airdropOndo Perps: Active · tradeXYZ: Active · farm board−$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.029% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.015% now, against its 7-day average of +0.045%). If the spread goes back, that is −$3 on $10k: about 4.7 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.121%, 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	Ondo Perps WTI-USD.P	92.130	−0.0096	get 0.0012% / 1h	36m 03s	$3.5M	$6.4M	20x
Short	tradeXYZ xyz:CL	92.144	−0.0075	pay 0.0009% / 1h	36m 03s	$187.0M	$274.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.015%Rate

Funding earned: $4.42
Price spread: +0.015% → +0.045%: −$2.94
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$21.52
Costs to cover: 0.230%
Break-even: 41.1 days

Slippage unknown: Ondo Perps: no order-book sample; tradeXYZ: live order book, 4 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 tradeXYZ live order book, 4 min ago	0.11 bp	9.2 bp −$9	9.5 bp −$95	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	−0.0450%	1h	92.162	+0.035%	$274K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0314%	4h	92.040	−0.098%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0242%	4h	92.140	+0.011%	$23.9M	$77.5M	20x	as long as short
Binance CLUSDT	−0.0164%	4h	92.122	−0.009%	$245.0M	$1.10B	100x	as long as short
Nado WTI-PERP	−0.0163%	1h	92.196	+0.072%	$924K	$740K	10x	as long as short
Variational Omni CL	−0.0145%	4h	92.124	−0.006%	$13.4M	$12.4M	—	as long as short
Lighter WTI	−0.0104%	1h	92.115	−0.016%	$11.2M	$10.9M	20x	as long as short
Ondo Perps WTI-USD.Plong	−0.0096%	1h	92.130	long leg	$3.5M	$6.4M	20x
Paradex CL-USD-PERP	−0.0093%	8h	92.110	−0.021%	$15K	$367	5x	as long as short
tradeXYZ xyz:CLshort	−0.0075%	1h	92.144	+0.015%	$187.0M	$274.8M	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0054%	1h	92.120	−0.011%	$2.4M	$2.6M	10x	as long as short
Bullet WTIOIL-USD	−0.0036%	1h	92.134	+0.004%	$18K	$241K	10x	as long as short
Gate CL_USDT	−0.0029%	8h	92.070	−0.065%	$21.3M	$57.7M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.150	+0.022%	$333K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.196	+0.072%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.141	+0.012%	$25.6M	$94.4M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.120	−0.011%	$43.1M	$112.9M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.249	+0.129%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.109	−0.023%	$42.0M	$51.7M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.120	−0.011%	$37K	$101K	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	92.150	+0.022%	$96K	$189K	15x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.109%	$399K	$966K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.691	−0.477%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	92.170	+0.043%	$2.0M	$27.4M	10x	as long as short
edgeX CLUSDC	+0.0035%	4h	92.111	−0.021%	$530K	$332K	30x	as long as short
StandX CL-USD	+0.0040%	1h	92.130	0.000%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.180	+0.054%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.132	+0.002%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.125	−0.005%	$2.0M	$39K	20x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.176	+0.050%	$7.1M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.170	+0.043%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.111	−0.021%	$4K	—	10x	as long as short
Aftermath Perps WTIUSD	+0.0112%	1h	92.162	+0.034%	$2K	$29K	5x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.115	−0.016%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.18	+9.824%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.150	+0.022%	$4.0M	$1.4M	50x	as long as short