Funding you earn now, next payment 03:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.002%
Price spread now: Bitget against Phoenix−0.088%89s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.230%−$23 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.088% cheaper against Phoenix than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 89 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix WTIOIL | 93.230 | 0 | get 0.0000% / 1h | 52m 04s | $37K | $42K | 20x |
| Short | Bitget CLUSDT | 93.148 | −0.0056 | pay 0.0028% / 4h | 52m 04s | $42.0M | $43.8M | 100x |
Phoenix WTIOIL
Bitget CLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Phoenix. 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
- −$11.76
- Price spread: −0.088% → 0.000%
- −$8.8
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$39.56
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Bitget: live order book, 2 min ago. 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 2 min ago | 0.48 bp | 7.2 bp −$7 | 8.9 bp −$89 | doesn't fit | doesn't fit |
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 | −0.0501% | 1h | 93.120 | −0.118% | $199K | $370K | 15x | as long as short |
| Aster CLUSD1 | −0.0256% | 4h | 93.168 | −0.066% | $24.0M | $67.9M | 20x | as long as short |
| GRVT CL_USDT_Perp | −0.0244% | 4h | 93.149 | −0.087% | $54K | $635K | 25x | as long as short |
| Binance CLUSDT | −0.0198% | 4h | 93.150 | −0.086% | $244.8M | $951.7M | 100x | as long as short |
| Kraken Futures PF_WTIOILUSD | −0.0195% | 1h | 93.171 | −0.063% | $274K | $872K | 25x | as long as short |
| Variational Omni CL | −0.0191% | 4h | 93.180 | −0.054% | $13.5M | $11.2M | — | as long as short |
| tradeXYZ xyz:CL | −0.0104% | 1h | 93.144 | −0.092% | $185.2M | $215.9M | 20x | as long as short |
| Ondo Perps WTI-USD.P | −0.0096% | 1h | 93.140 | −0.097% | $3.5M | $5.6M | 20x | as long as short |
| edgeX CLUSDC | −0.0083% | 4h | 93.181 | −0.052% | $531K | $301K | 30x | as long as short |
| Aftermath Perps WTIUSD | −0.0078% | 1h | 93.166 | −0.069% | $2K | $27K | 5x | as long as short |
Deribit WTIOIL_USDC-PERPETUAL
Aster CLUSD1
GRVT CL_USDT_Perp
Binance CLUSDT
Kraken Futures PF_WTIOILUSD
Variational Omni CL
tradeXYZ xyz:CL
Ondo Perps WTI-USD.P
edgeX CLUSDC
Aftermath Perps WTIUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX CL-USDT-SWAP | −0.0072% | 4h | 93.140 | −0.097% | $42.6M | $103.1M | 50x | as long as short |
| Gate CL_USDT | −0.0057% | 8h | 93.100 | −0.139% | $20.9M | $51.1M | 100x | as long as short |
| Bitget CLUSDTshort | −0.0056% | 4h | 93.148 | −0.088% | $42.0M | $43.8M | 100x | |
| Extended WTI-USD | −0.0048% | 1h | 93.180 | −0.054% | $2.1M | $21.7M | 10x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | −0.0048% | 1h | 92.750 | −0.515% | $402K | $944K | 15x | as long as short |
| QFEX CL-USD | −0.0043% | 1h | 93.160 | −0.075% | $2.5M | $1.7M | 10x | as long as short |
| Nado WTI-PERP | −0.0025% | 1h | 93.228 | −0.002% | $963K | $653K | 10x | as long as short |
| Lighter WTI | −0.0016% | 1h | 93.149 | −0.087% | $11.2M | $10.5M | 20x | as long as short |
| dYdX WTI-USD | 0.0000% | 1h | 93.195 | −0.037% | $8K | $3K | 5x | as long as short |
| Bybit CLUSDT | 0.0000% | 8h | 93.180 | −0.054% | $26.9M | $80.8M | 150x | as long as short |
| RISEx CL/USDC | 0.0000% | 1h | 93.246 | +0.017% | $3.1M | $2.9M | 20x | as long as short |
| Phoenix WTIOILlong | 0.0000% | 1h | 93.230 | long leg | $37K | $42K | 20x | |
| Bullet WTIOIL-USD | 0.0000% | 1h | 93.163 | −0.072% | $18K | $242K | 10x | as long as short |
| gTrade (Gains Network) WTI/USD | L 0.0000% / S +0.0036% | 1h | 92.716 | −0.551% | $5K | — | 150x | as long as short |
| KuCoin CLUSDTM | +0.0006% | 4h | 93.193 | −0.040% | $7.1M | $2.4M | 50x | as long as short |
| Paradex CL-USD-PERP | +0.0014% | 8h | 93.154 | −0.081% | $16K | $367 | 5x | as long as short |
| StandX CL-USD | +0.0040% | 1h | 93.140 | −0.097% | $735K | $2.9M | 40x | as long as short |
| Vest CL-PERP | +0.0046% | 1h | 93.170 | −0.064% | — | $310K | 10x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.0050% | 1h | 93.164 | −0.071% | $1.6M | $1.2M | 20x | as long as short |
| SoDEX CL-USD | +0.0050% | 1h | 93.154 | −0.082% | $2.1M | $60K | 20x | as long as short |
| Pacifica CL | +0.0068% | 1h | 93.173 | −0.061% | $329K | $622K | 10x | as long as short |
| ApeX Omni CLUSDT | +0.0100% | 1h | 93.190 | −0.043% | $56K | $265K | 50x | as long as short |
| Aevo WTIOIL-PERP | +0.0104% | 1h | 93.123 | −0.115% | $4K | — | 10x | as long as short |
| BloFin CL-USDT | +0.0164% | 4h | 93.140 | −0.097% | $4.0M | $1.1M | 50x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | L +0.0209% / S −0.0134% | 1h | 93.155 | −0.080% | $79K | — | 111x | as long as short |
| Injective WTI/USDC PERP | +0.0220% | 1h | 102.31 | +9.741% | $19K | $11K | 30x | as long as short |
OKX CL-USDT-SWAP
Gate CL_USDT
Extended WTI-USD
Coinbase International WTIOIL-PERP-INTX
QFEX CL-USD
Nado WTI-PERP
Lighter WTI
dYdX WTI-USD
Bybit CLUSDT
RISEx CL/USDC
Bullet WTIOIL-USD
gTrade (Gains Network) WTI/USD
KuCoin CLUSDTM
Paradex CL-USD-PERP
StandX CL-USD
Vest CL-PERP
Polymarket Perps WTIOIL-USD
SoDEX CL-USD
Pacifica CL
ApeX Omni CLUSDT
Aevo WTIOIL-PERP
BloFin CL-USDT
GMX WTIOIL/USD [ETH-USDC]
Injective WTI/USDC PERP