CL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0292%/8h= −32.0% APRnext payment −$0.37 per $10,000 · paid last 24h −0.007%

Price spread now: Ondo Perps against Pacifica−0.044%7-day average −0.023% · you buy dearer than you sell

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

Long on Pacifica Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now −0.044%, 7d avg −0.023%

Together, before fees+0.009%+ Points / potential airdropPacifica: Active · Ondo Perps: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Ondo Perps is 0.021% cheaper against Pacifica than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.023%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.067%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.067% in total (about 3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.37 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	Pacifica CL	91.881	0.0100	pay 0.0013% / 1h	33m 54s	$330K	$575K	10x
Short	Ondo Perps WTI-USD.P	91.840	−0.0192	pay 0.0024% / 1h	33m 54s	$3.5M	$6.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$61.32
Price spread: −0.044% → −0.023%: −$2.15
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$76.47
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 50 min ago; Ondo Perps: no order-book sample. 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 Pacifica live order book, 50 min ago	0.05 bp	8.0 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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
Lighter WTI	−0.0320%	1h	91.882	+0.001%	$11.0M	$11.2M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0294%	1h	91.930	+0.054%	$95K	$260K	15x	as long as short
Aftermath Perps WTIUSD	−0.0203%	1h	91.877	−0.004%	$2K	$30K	5x	as long as short
Nado WTI-PERP	−0.0199%	1h	91.930	+0.054%	$922K	$760K	10x	as long as short
Ondo Perps WTI-USD.Pshort	−0.0192%	1h	91.840	−0.044%	$3.5M	$6.4M	20x
tradeXYZ xyz:CL	−0.0168%	1h	91.934	+0.058%	$185.0M	$283.9M	20x	as long as short
Bullet WTIOIL-USD	−0.0153%	1h	91.903	+0.024%	$19K	$240K	10x	as long as short
ApeX Omni CLUSDT	−0.0114%	1h	91.910	+0.032%	$55K	$266K	50x	as long as short
Paradex CL-USD-PERP	−0.0096%	8h	91.851	−0.032%	$15K	$367	5x	as long as short
GRVT CL_USDT_Perp	−0.0050%	4h	91.830	−0.056%	$58K	$726K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended WTI-USD	−0.0048%	1h	91.980	+0.108%	$2.0M	$29.1M	10x	as long as short
Aster CLUSD1	−0.0048%	4h	91.923	+0.046%	$23.9M	$78.5M	20x	as long as short
Polymarket Perps WTIOIL-USD	−0.0024%	1h	91.897	+0.018%	$1.6M	$1.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.863	−0.020%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.900	+0.021%	$245.3M	$1.12B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.932	+0.056%	$25.3M	$97.5M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.900	+0.021%	$43.1M	$114.4M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.860	−0.023%	$2.4M	$2.5M	10x	as long as short
Gate CL_USDT	0.0000%	8h	91.840	−0.044%	$21.2M	$59.0M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.902	+0.023%	$42.1M	$57.9M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.834	−0.050%	$13.4M	$13.6M	—	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.502	−0.412%	$4K	—	10x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.930	+0.054%	$37K	$99K	20x	as long as short
StandX CL-USD	+0.0026%	1h	91.850	−0.034%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.000	+0.130%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.905	+0.026%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0055%	4h	91.879	−0.002%	$528K	$341K	30x	as long as short
Pacifica CLlong	+0.0100%	1h	91.881	long leg	$330K	$575K	10x
KuCoin CLUSDTM	+0.0100%	4h	91.923	+0.046%	$7.3M	$2.1M	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.879	−0.002%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	91.720	−0.175%	$384K	$1.2M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	100.99	+9.917%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	91.895	+0.015%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.860	−0.023%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0451%	1h	91.904	+0.025%	$259K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	91.996	+0.125%	$3.2M	$2.8M	20x	as long as short