CL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h 0.000%

Price spread now: Coinbase International against Phoenix+0.043%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.290%−$29 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Coinbase International is 0.043% dearer against Phoenix than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.290%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix WTIOIL	93.120	0	get 0.0000% / 1h	55m 06s	$37K	$39K	20x
Short	Coinbase International WTIOIL-PERP-INTX	93.160	0.0016	get 0.0002% / 1h	55m 06s	$404K	$808K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee PhoenixbpFee Coinbase InternationalbpOrdersPrice spread, now +0.043%Rate

Funding earned: $3.36
Price spread: +0.043% → 0.000%: $4.3
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$9.34
Costs to cover: 0.170%
Break-even: 26.5 days

Slippage unknown: Phoenix: no order-book sample; Coinbase International: live order book, 18 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 Coinbase International live order book, 18 min ago	1.08 bp	8.2 bp −$8	9.8 bp −$98	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	−0.0718%	1h	92.870	−0.268%	$188K	$406K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0313%	1h	92.926	−0.208%	$271K	$931K	25x	as long as short
Aster CLUSD1	−0.0244%	4h	92.936	−0.198%	$24.7M	$61.6M	20x	as long as short
Gate CL_USDT	−0.0216%	8h	92.850	−0.290%	$23.3M	$48.6M	100x	as long as short
GRVT CL_USDT_Perp	−0.0150%	4h	93.182	+0.067%	$75K	$614K	25x	as long as short
Binance CLUSDT	−0.0137%	4h	92.920	−0.215%	$245.8M	$929.1M	100x	as long as short
Nado WTI-PERP	−0.0124%	1h	92.966	−0.166%	$952K	$613K	10x	as long as short
Variational Omni CL	−0.0122%	4h	92.970	−0.161%	$13.5M	$10.7M	—	as long as short
Bitget CLUSDT	−0.0096%	4h	92.893	−0.244%	$42.0M	$41.6M	100x	as long as short
tradeXYZ xyz:CL	−0.0093%	1h	92.898	−0.238%	$183.9M	$197.2M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSD	−0.0080%	1h	93.088	−0.035%	$2K	$26K	5x	as long as short
OKX CL-USDT-SWAP	−0.0066%	4h	92.920	−0.215%	$42.5M	$103.1M	50x	as long as short
Ondo Perps WTI-USD.P	−0.0051%	1h	92.920	−0.215%	$3.6M	$5.3M	20x	as long as short
QFEX CL-USD	−0.0026%	1h	92.930	−0.204%	$2.3M	$2.5M	10x	as long as short
edgeX CLUSDC	−0.0020%	4h	93.079	−0.044%	$534K	$332K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.039	−0.087%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.926	−0.208%	$27.1M	$80.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.979	−0.152%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOILlong	0.0000%	1h	93.120	long leg	$37K	$39K	20x
Bullet WTIOIL-USD	0.0000%	1h	92.916	−0.219%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.491	−0.675%	$5K	—	150x	as long as short
Lighter WTI	+0.0008%	1h	92.895	−0.242%	$11.2M	$8.6M	20x	as long as short
Paradex CL-USD-PERP	+0.0009%	8h	92.943	−0.190%	$16K	$367	5x	as long as short
Coinbase International WTIOIL-PERP-INTXshort	+0.0016%	1h	93.160	+0.043%	$404K	$808K	15x
Extended WTI-USD	+0.0032%	1h	92.950	−0.183%	$1.7M	$14.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.070	−0.054%	$734K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.950	−0.183%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.921	−0.214%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.898	−0.238%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.948	−0.185%	$346K	$587K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.906	−0.230%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.260	+0.150%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.890	−0.247%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S 0.0000%	1h	92.905	−0.231%	$85K	—	111x	as long as short
BloFin CL-USDT	+0.0175%	4h	92.930	−0.204%	$4.1M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.680%	$19K	$5K	30x	as long as short