CL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.022%

Price spread now: Bullet against Pacifica+0.020%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on Pacifica Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.016%−$2 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.020%, 7d avg +0.026%

Together, before fees−0.013%+ Points / potential airdropPacifica: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica CL	93.026	0.0100	pay 0.0013% / 1h	57m 25s	$330K	$622K	10x
Short	Bullet WTIOIL-USD	93.044	0	get 0.0000% / 1h	57m 25s	$19K	$243K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Pacifica. 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 PacificabpFee BulletbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$21
Price spread: +0.020% → +0.026%: −$0.59
Slippage, 4 orders: −$10.02
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$47.62
Costs to cover: 0.260%
Break-even: never at this rate

Slippage from Pacifica: live order book, 61 min ago; Bullet: live order book, 62 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 Pacifica live order book, 61 min ago	1.18 bp	6.1 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Bullet live order book, 62 min ago	0.54 bp	6.7 bp −$7	17.8 bp −$178	doesn't fit	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0395%	1h	93.020	−0.006%	$198K	$370K	15x	as long as short
Aster CLUSD1	−0.0268%	4h	93.083	+0.062%	$24.1M	$66.4M	20x	as long as short
Binance CLUSDT	−0.0178%	4h	93.040	+0.015%	$245.0M	$944.8M	100x	as long as short
Variational Omni CL	−0.0172%	4h	92.899	−0.136%	$13.5M	$10.8M	—	as long as short
Bitget CLUSDT	−0.0128%	4h	93.035	+0.010%	$42.0M	$43.5M	100x	as long as short
Aftermath Perps WTIUSD	−0.0108%	1h	92.977	−0.052%	$2K	$27K	5x	as long as short
Nado WTI-PERP	−0.0099%	1h	93.076	+0.054%	$964K	$647K	10x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.059	+0.036%	$268K	$930K	25x	as long as short
edgeX CLUSDC	−0.0053%	4h	92.956	−0.075%	$526K	$302K	30x	as long as short
OKX CL-USDT-SWAP	−0.0050%	4h	93.040	+0.015%	$42.6M	$102.8M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0043%	8h	92.990	−0.038%	$20.8M	$50.5M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.930	−0.103%	$399K	$948K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.050	+0.026%	$2.3M	$1.8M	10x	as long as short
Ondo Perps WTI-USD.P	−0.0029%	1h	93.000	−0.028%	$3.5M	$5.4M	20x	as long as short
KuCoin CLUSDTM	−0.0022%	4h	93.062	+0.039%	$7.1M	$2.4M	50x	as long as short
tradeXYZ xyz:CL	−0.0020%	1h	93.041	+0.016%	$184.6M	$219.8M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.030	+0.005%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.049	+0.025%	$26.5M	$80.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.116	+0.097%	$3.1M	$2.9M	20x	as long as short
GRVT CL_USDT_Perp	0.0000%	4h	92.971	−0.058%	$56K	$656K	25x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.980	−0.049%	$37K	$41K	20x	as long as short
Bullet WTIOIL-USDshort	0.0000%	1h	93.044	+0.020%	$19K	$243K	10x
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.597	−0.461%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0006%	8h	93.023	−0.003%	$16K	$367	5x	as long as short
Lighter WTI	+0.0016%	1h	93.020	−0.006%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.070	+0.048%	$2.0M	$20.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.980	−0.049%	$735K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.040	+0.015%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.041	+0.016%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.035	+0.010%	$2.1M	$60K	20x	as long as short
Pacifica CLlong	+0.0100%	1h	93.026	long leg	$330K	$622K	10x
ApeX Omni CLUSDT	+0.0100%	1h	93.010	−0.017%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.013	−0.013%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0187%	4h	92.970	−0.060%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0218% / S −0.0145%	1h	93.035	+0.010%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.17	+9.826%	$19K	$11K	30x	as long as short