Settings8H · net · $10k
Funding arb · Price arb /

CL

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Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0083%/8h= −9.1% APRnext payment $0.10 per $10,000 · paid last 24h −0.020%
Price spread now: Aftermath Perps against Phoenix+0.007%63s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix WTIOIL93.1400get 0.0000% / 1h59m 54s$37K$40K20x
ShortAftermath Perps WTIUSD93.146−0.0083pay 0.0010% / 1h59m 54s$2K$27K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Phoenix. 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

Funding earned
−$17.4
Price spread: +0.007% → 0.000%
$0.67
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$32.73
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Phoenix: no order-book sample; Aftermath 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
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix no order-book sample
Sell Aftermath Perps no order-book sample
Phoenix and Aftermath 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit WTIOIL_USDC-PERPETUAL−0.0501%1h93.130−0.011%$188K$405K15xas long as short
Aster CLUSD1−0.0248%4h93.258+0.127%$24.8M$62.0M20xas long as short
GRVT CL_USDT_Perp−0.0212%4h93.086−0.058%$74K$634K25xas long as short
Kraken Futures PF_WTIOILUSD−0.0209%1h93.184+0.048%$273K$929K25xas long as short
Gate CL_USDT−0.0138%8h93.1400.000%$23.3M$51.0M100xas long as short
Binance CLUSDT−0.0135%4h93.222+0.088%$246.7M$927.3M100xas long as short
Variational Omni CL−0.0122%4h93.132−0.008%$13.6M$10.8Mas long as short
Nado WTI-PERP−0.0108%1h93.195+0.059%$954K$614K10xas long as short
Bitget CLUSDT−0.0094%4h93.226+0.092%$42.2M$41.6M100xas long as short
tradeXYZ xyz:CL−0.0083%1h93.210+0.075%$184.4M$197.0M20xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps WTIUSDshort−0.0083%1h93.146+0.007%$2K$27K5x
OKX CL-USDT-SWAP−0.0064%4h93.200+0.064%$42.6M$103.4M50xas long as short
QFEX CL-USD−0.0038%1h93.150+0.011%$2.3M$2.4M10xas long as short
Coinbase International WTIOIL-PERP-INTX−0.0016%1h93.160+0.021%$404K$808K15xas long as short
Lighter WTI−0.0008%1h93.135−0.005%$11.3M$9.3M20xas long as short
edgeX CLUSDC−0.0005%4h93.099−0.044%$534K$333K30xas long as short
dYdX WTI-USD0.0000%1h93.133−0.007%$8K$3K5xas long as short
Bybit CLUSDT0.0000%8h93.240+0.107%$27.1M$80.0M150xas long as short
RISEx CL/USDC0.0000%1h93.185+0.048%$3.0M$2.8M20xas long as short
Phoenix WTIOILlong0.0000%1h93.140long leg$37K$40K20x
Bullet WTIOIL-USD0.0000%1h93.155+0.016%$18K$240K10xas long as short
gTrade (Gains Network) WTI/USDL 0.0000% / S +0.0036%1h92.730−0.440%$5K150xas long as short
Ondo Perps WTI-USD.P+0.0002%1h93.100−0.043%$3.6M$5.3M20xas long as short
Paradex CL-USD-PERP+0.0012%8h93.111−0.031%$16K$3675xas long as short
Extended WTI-USD+0.0032%1h93.230+0.097%$1.7M$14.8M10xas long as short
StandX CL-USD+0.0040%1h93.1400.000%$735K$2.8M40xas long as short
Vest CL-PERP+0.0046%1h93.1400.000%$313K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h93.160+0.021%$1.6M$1.3M20xas long as short
SoDEX CL-USD+0.0050%1h93.154+0.015%$2.1M$62K20xas long as short
Pacifica CL+0.0100%1h93.142+0.002%$347K$589K10xas long as short
KuCoin CLUSDTM+0.0100%4h93.237+0.104%$7.1M$2.4M50xas long as short
ApeX Omni CLUSDT+0.0100%1h93.080−0.064%$54K$266K50xas long as short
Aevo WTIOIL-PERP+0.0104%1h93.128−0.013%$4K10xas long as short
BloFin CL-USDT+0.0175%4h93.130−0.011%$4.0M$1.0M50xas long as short
Injective WTI/USDC PERP+0.0220%1h102.13+9.656%$19K$11K30xas long as short
GMX WTIOIL/USD [ETH-USDC]L +0.0261% / S −0.0179%1h93.155+0.016%$90K111xas long as short