Funding you earn now, next payment 00:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.07 per $10,000 · paid last 24h −0.004%
Price spread now: Extended against Pacifica+0.057%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$200.201% of the position
Funding, last 7 days+0.083%+$8 on $10k
+Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.057%, 7d avg +0.013%
=Together, before fees+0.050%+ Points / potential airdropPacifica: Active · Extended: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.044% dearer against Pacifica than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica CL | 91.997 | −0.0020 | get 0.0003% / 1h | 53m 30s | $332K | $578K | 10x |
| Short | Extended WTI-USD | 92.050 | 0.0032 | get 0.0004% / 1h | 53m 30s | $2.0M | $27.6M | 10x |
Pacifica CL
Extended WTI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Pacifica. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $11.02
- Price spread: +0.057% → +0.013%
- $4.44
- Slippage, 4 orders
- −$7.07
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$4.61
- Costs to cover
- 0.201%
- Break-even
- 9.9 days
Slippage from Pacifica: live order book, 25 min ago; Extended: live order book, 6 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, 25 min ago | 0.05 bp | 7.5 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 6 min ago | 0.16 bp | 2.8 bp −$3 | 6.7 bp −$67 | 23.3 bp −$2,330 | 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 | −0.0451% | 1h | 92.013 | +0.017% | $275K | $1.2M | 25x | as long as short |
| Deribit WTIOIL_USDC-PERPETUAL | −0.0293% | 1h | 92.000 | +0.003% | $95K | $189K | 15x | as long as short |
| GRVT CL_USDT_Perp | −0.0266% | 4h | 92.040 | +0.046% | $58K | $702K | 25x | as long as short |
| Aster CLUSD1 | −0.0197% | 4h | 92.010 | +0.014% | $24.0M | $77.6M | 20x | as long as short |
| Nado WTI-PERP | −0.0152% | 1h | 92.058 | +0.066% | $923K | $746K | 10x | as long as short |
| Lighter WTI | −0.0144% | 1h | 91.987 | −0.011% | $11.1M | $10.9M | 20x | as long as short |
| Ondo Perps WTI-USD.P | −0.0110% | 1h | 91.960 | −0.041% | $3.5M | $6.4M | 20x | as long as short |
| Binance CLUSDT | −0.0107% | 4h | 91.990 | −0.008% | $244.4M | $1.11B | 100x | as long as short |
| Paradex CL-USD-PERP | −0.0098% | 8h | 91.963 | −0.037% | $15K | $367 | 5x | as long as short |
| tradeXYZ xyz:CL | −0.0092% | 1h | 92.008 | +0.012% | $185.5M | $275.6M | 20x | as long as short |
Kraken Futures PF_WTIOILUSD
Deribit WTIOIL_USDC-PERPETUAL
GRVT CL_USDT_Perp
Aster CLUSD1
Nado WTI-PERP
Lighter WTI
Ondo Perps WTI-USD.P
Binance CLUSDT
Paradex CL-USD-PERP
tradeXYZ xyz:CLShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CL | −0.0071% | 4h | 92.063 | +0.071% | $13.4M | $13.3M | — | as long as short |
| Bullet WTIOIL-USD | −0.0061% | 1h | 91.985 | −0.013% | $19K | $241K | 10x | as long as short |
| QFEX CL-USD | −0.0054% | 1h | 91.980 | −0.019% | $2.4M | $2.6M | 10x | as long as short |
| Pacifica CLlong | −0.0020% | 1h | 91.997 | long leg | $332K | $578K | 10x | |
| Gate CL_USDT | −0.0019% | 8h | 91.930 | −0.073% | $21.3M | $57.4M | 100x | as long as short |
| dYdX WTI-USD | 0.0000% | 1h | 92.108 | +0.120% | $8K | $3K | 5x | as long as short |
| Bybit CLUSDT | 0.0000% | 8h | 92.020 | +0.025% | $25.5M | $95.0M | 150x | as long as short |
| OKX CL-USDT-SWAP | 0.0000% | 4h | 91.980 | −0.019% | $43.0M | $113.2M | 50x | as long as short |
| RISEx CL/USDC | 0.0000% | 1h | 92.114 | +0.126% | $3.3M | $2.7M | 20x | as long as short |
| Bitget CLUSDT | 0.0000% | 4h | 91.984 | −0.015% | $41.9M | $52.2M | 100x | as long as short |
| Phoenix WTIOIL | 0.0000% | 1h | 92.060 | +0.068% | $37K | $101K | 20x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | 0.0000% | 1h | 92.030 | +0.035% | $399K | $998K | 15x | as long as short |
| gTrade (Gains Network) WTI/USD | L 0.0000% / S +0.0036% | 1h | 91.595 | −0.437% | $4K | — | 150x | as long as short |
| Aftermath Perps WTIUSD | +0.0024% | 1h | 92.027 | +0.032% | $2K | $29K | 5x | as long as short |
| Extended WTI-USDshort | +0.0032% | 1h | 92.050 | +0.057% | $2.0M | $27.6M | 10x | |
| StandX CL-USD | +0.0040% | 1h | 92.050 | +0.057% | $724K | $3.1M | 40x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.0043% | 1h | 91.989 | −0.009% | $1.6M | $1.4M | 20x | as long as short |
| Vest CL-PERP | +0.0046% | 1h | 92.060 | +0.068% | — | $308K | 10x | as long as short |
| SoDEX CL-USD | +0.0050% | 1h | 91.985 | −0.013% | $2.0M | $39K | 20x | as long as short |
| edgeX CLUSDC | +0.0052% | 4h | 92.091 | +0.102% | $530K | $334K | 30x | as long as short |
| KuCoin CLUSDTM | +0.0100% | 4h | 91.995 | −0.003% | $7.3M | $2.0M | 50x | as long as short |
| ApeX Omni CLUSDT | +0.0100% | 1h | 92.150 | +0.166% | $56K | $266K | 50x | as long as short |
| Aevo WTIOIL-PERP | +0.0104% | 1h | 91.964 | −0.037% | $4K | — | 10x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | L +0.0203% / S −0.0127% | 1h | 91.985 | −0.013% | $76K | — | 111x | as long as short |
| Injective WTI/USDC PERP | +0.0220% | 1h | 101.28 | +10.085% | $19K | $11K | 30x | as long as short |
| BloFin CL-USDT | +0.0240% | 4h | 92.080 | +0.090% | $4.0M | $1.4M | 50x | as long as short |
Variational Omni CL
Bullet WTIOIL-USD
QFEX CL-USD
Gate CL_USDT
dYdX WTI-USD
Bybit CLUSDT
OKX CL-USDT-SWAP
RISEx CL/USDC
Bitget CLUSDT
Phoenix WTIOIL
Coinbase International WTIOIL-PERP-INTX
gTrade (Gains Network) WTI/USD
Aftermath Perps WTIUSD
StandX CL-USD
Polymarket Perps WTIOIL-USD
Vest CL-PERP
SoDEX CL-USD
edgeX CLUSDC
KuCoin CLUSDTM
ApeX Omni CLUSDT
Aevo WTIOIL-PERP
GMX WTIOIL/USD [ETH-USDC]
Injective WTI/USDC PERP
BloFin CL-USDT