Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.022%
Price spread now: Phoenix against Pacifica−0.080%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.064%+$6 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.080% cheaper against Pacifica than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.064%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica CL | 93.755 | 0.0100 | pay 0.0013% / 1h | 37m 13s | $333K | $575K | 10x |
| Short | Phoenix WTIOIL | 93.680 | 0 | get 0.0000% / 1h | 37m 13s | $37K | $39K | 20x |
Pacifica CL
Phoenix WTIOILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$21
- Price spread: −0.080% → 0.000%
- −$7.98
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$43.98
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Pacifica: live order book, 7 min ago; Phoenix: 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, 7 min ago | 0.11 bp | 6.6 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit WTIOIL_USDC-PERPETUAL | −0.0390% | 1h | 93.730 | −0.026% | $197K | $382K | 15x | as long as short |
| Aster CLUSD1 | −0.0266% | 4h | 93.770 | +0.016% | $24.5M | $65.3M | 20x | as long as short |
| GRVT CL_USDT_Perp | −0.0246% | 4h | 93.610 | −0.154% | $58K | $629K | 25x | as long as short |
| Aftermath Perps WTIUSD | −0.0148% | 1h | 93.712 | −0.046% | $2K | $26K | 5x | as long as short |
| Binance CLUSDT | −0.0147% | 4h | 93.750 | −0.005% | $246.7M | $920.7M | 100x | as long as short |
| Kraken Futures PF_WTIOILUSD | −0.0137% | 1h | 93.766 | +0.012% | $287K | $957K | 25x | as long as short |
| Variational Omni CL | −0.0135% | 4h | 93.609 | −0.156% | $13.5M | $10.6M | — | as long as short |
| Ondo Perps WTI-USD.P | −0.0106% | 1h | 93.650 | −0.112% | $3.5M | $5.4M | 20x | as long as short |
| Gate CL_USDT | −0.0101% | 8h | 93.670 | −0.090% | $22.4M | $48.9M | 100x | as long as short |
| Bitget CLUSDT | −0.0100% | 4h | 93.733 | −0.023% | $42.2M | $42.2M | 100x | as long as short |
Deribit WTIOIL_USDC-PERPETUAL
Aster CLUSD1
GRVT CL_USDT_Perp
Aftermath Perps WTIUSD
Binance CLUSDT
Kraken Futures PF_WTIOILUSD
Variational Omni CL
Ondo Perps WTI-USD.P
Gate CL_USDT
Bitget CLUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CL | −0.0064% | 1h | 93.740 | −0.016% | $185.2M | $206.6M | 20x | as long as short |
| Nado WTI-PERP | −0.0057% | 1h | 93.801 | +0.049% | $967K | $626K | 10x | as long as short |
| QFEX CL-USD | −0.0023% | 1h | 93.730 | −0.026% | $2.3M | $2.5M | 10x | as long as short |
| edgeX CLUSDC | −0.0018% | 4h | 93.716 | −0.041% | $527K | $305K | 30x | as long as short |
| OKX CL-USDT-SWAP | −0.0014% | 4h | 93.750 | −0.005% | $42.7M | $101.6M | 50x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | −0.0008% | 1h | 93.500 | −0.272% | $404K | $916K | 15x | as long as short |
| dYdX WTI-USD | 0.0000% | 1h | 93.733 | −0.023% | $8K | $3K | 5x | as long as short |
| Bybit CLUSDT | 0.0000% | 8h | 93.770 | +0.016% | $27.0M | $79.1M | 150x | as long as short |
| RISEx CL/USDC | 0.0000% | 1h | 93.804 | +0.052% | $3.1M | $2.8M | 20x | as long as short |
| Phoenix WTIOILshort | 0.0000% | 1h | 93.680 | −0.080% | $37K | $39K | 20x | |
| Bullet WTIOIL-USD | 0.0000% | 1h | 93.756 | +0.001% | $19K | $241K | 10x | as long as short |
| gTrade (Gains Network) WTI/USD | L 0.0000% / S +0.0036% | 1h | 93.291 | −0.495% | $5K | — | 150x | as long as short |
| Paradex CL-USD-PERP | +0.0027% | 8h | 93.749 | −0.007% | $16K | $367 | 5x | as long as short |
| Lighter WTI | +0.0032% | 1h | 93.741 | −0.015% | $11.3M | $9.6M | 20x | as long as short |
| Extended WTI-USD | +0.0032% | 1h | 93.790 | +0.038% | $2.0M | $15.9M | 10x | as long as short |
| StandX CL-USD | +0.0040% | 1h | 93.690 | −0.069% | $742K | $2.8M | 40x | as long as short |
| Vest CL-PERP | +0.0046% | 1h | 93.750 | −0.005% | — | $313K | 10x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.0050% | 1h | 93.746 | −0.009% | $1.7M | $1.3M | 20x | as long as short |
| SoDEX CL-USD | +0.0050% | 1h | 93.750 | −0.005% | $2.1M | $61K | 20x | as long as short |
| Pacifica CLlong | +0.0100% | 1h | 93.755 | long leg | $333K | $575K | 10x | |
| KuCoin CLUSDTM | +0.0100% | 4h | 93.763 | +0.009% | $7.1M | $2.4M | 50x | as long as short |
| ApeX Omni CLUSDT | +0.0100% | 1h | 93.640 | −0.122% | $54K | $266K | 50x | as long as short |
| Aevo WTIOIL-PERP | +0.0104% | 1h | 93.726 | −0.031% | $4K | — | 10x | as long as short |
| Injective WTI/USDC PERP | +0.0220% | 1h | 102.97 | +9.832% | $19K | $11K | 30x | as long as short |
| BloFin CL-USDT | +0.0225% | 4h | 93.750 | −0.005% | $4.0M | $978K | 50x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | L +0.0247% / S −0.0180% | 1h | 93.755 | 0.000% | $84K | — | 111x | as long as short |
tradeXYZ xyz:CL
Nado WTI-PERP
QFEX CL-USD
edgeX CLUSDC
OKX CL-USDT-SWAP
Coinbase International WTIOIL-PERP-INTX
dYdX WTI-USD
Bybit CLUSDT
RISEx CL/USDC
Bullet WTIOIL-USD
gTrade (Gains Network) WTI/USD
Paradex CL-USD-PERP
Lighter WTI
Extended WTI-USD
StandX CL-USD
Vest CL-PERP
Polymarket Perps WTIOIL-USD
SoDEX CL-USD
KuCoin CLUSDTM
ApeX Omni CLUSDT
Aevo WTIOIL-PERP
Injective WTI/USDC PERP
BloFin CL-USDT
GMX WTIOIL/USD [ETH-USDC]