CL

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ParadexCL-USD-PERP	102.87	+0.0012	pay 0.0012% / 8h	3h 57m	$293K	$2K	5x	Long Paradex+5% pts
SHORT	BingXNCCO1OILWTI2USD-USDT	103.15	−0.0014	pay 0.0007% / 4h	3h 57m	$2.2M	$27.5M	500x	Short BingX

Price gap+0.270%

Funding gap−0.0026% /8h

The gap pays +$7 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 9.0 days. At the last 7 days' pace that is about 22 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$53−0.0026% /8h now · paid −0.525% over the last 7D

Price+$7spread +0.270% now, avg +0.200% → +0.070% if it goes back

Costs−$380.383% of $10k · taker + slippage, in and out

Result−$84−0.84%+ Points / potential airdropParadex: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.270%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CL on 44 exchanges

lowest funding first

Before you open

3 ok · 3 to watch

OK: Fits both order books13.2 / 6.0 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$2,000 + $20
Paradex 5x, BingX 500x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ8h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$0.77Long Paradex: 3 payments, −$0.35; short BingX: 6 payments, −$0.42.
OK: Entry gap works for you+0.270% vs +0.200%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$293K vs $2.2M OI
Paradex sets your exit cost. Check its book before closing.
OK: Points on a legParadex points
Volume here counts toward the points program.
Watch: KYCParadex No · BingX Yes
Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0250%/8h × 21 periods−$52.52

Price spread+0.270% → +0.200% (7d avg)+$7.01

Slippage, 4 orderslive order books−$24.30

Fee Paradex bp × 2 orders−$4.00

Fee BingX bp × 2 orders−$10.00

Net · 7 days · $10k−$83.82

Costs to cover0.383%Break-evennever at this rate

Slippage: Paradex: live order book, 25 min ago; BingX: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGParadex11.1813.2 bp−$13doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTBingX0.976.0 bp−$66.0 bp−$608.1 bp−$81214.0 bp−$6,982

Closing costs about the same again.

CL news

posts that mention CL or Crude oil (WTI), from every exchangeSearch all news →

10-27 13:21	Ondo Perps	Other	Eligible perps markets for the Liquidity Pool: ▸ Stocks: NVDA, TSLA, META, AMD, INTC, MU, SNDK, COIN, MSTR, CRCL, SPCX ▸ Indices: US 500, US 100 ▸ ETFs: DRAM, SOXL ▸ Commodities: Gold, Silver, WTI ▸ Crypto: BTC, ETH Rewards are paid in USDC directly to your trading account within 48 hours of each week’s close. Trade Now → @OndoPerps on X ↗
10-23 19:28	Markets by Kinetiq	Other	WTI Crude Oil is back above $100, up 6% this week. Houthi strikes on Saudi Arabia are escalating, ship attacks near Hormuz just hit a record month, and US crude stocks have fallen three weeks straight. @Markets_xyz on X ↗
10-23 10:17	SoDEX	Other	🛢️ $CL: Will Oil Keep Rising? 🔥 Middle East tensions are heating up! Where will oil prices head next? 👀 ✅ Vote below ✅ Share your $CL position ✅ Comment your prediction! 📊 POLL: Where will $CL be by Dec 31, 2026? @sodex_official on X ↗
10-22 15:08	BingX	Other	When commodities make headlines, depth matters 📊 Trade GOLD, WTI, BRENT, and SILVER perpetuals with deeper order books on #BingXTradFi. Up to 5.1x the depth vs No.2 (GOLD-USDT, 100 bps). See the breakdown 👇 @BingXOfficial on X ↗
10-20 08:13	ApeX Omni	Other	Oil cracked. WTI -4.7% is the biggest move on the tape. bitcoin:native $81,703 -1.3%, ethereum:native $2,395 -1.5%, while $NDAQ added 1.1%. $527M went into spot bitcoin ETFs, the best day since September, with IBIT alone taking $665M. Fear and greed 55. @OfficialApeXdex on X ↗
10-19 19:35	BingX	Other	Brent topped $110, WTI broke $100, and diesel hit records as Hormuz attacks escalate. Energy rallied while the Nasdaq fell 4.5%. Oil is back driving inflation and rate fears 🛢️ @BingXOfficial on X ↗

CL