CL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0220%/8h= +24.1% APRnext payment +$0.28 per $10,000 · paid last 24h +0.042%

Price spread now: Injective against Phoenix+9.680%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 Injective

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 9.680% dearer against Phoenix than usual: you sell high and buy low: +$968 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix WTIOIL	93.120	0	get 0.0000% / 1h	56m 19s	$37K	$39K	20x
Short	Injective WTI/USDC PERP	102.13	0.0220	get 0.0028% / 1h	56m 19s	$19K	$5K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +9.680%Rate

Funding earned: $46.2
Price spread: +9.680% → 0.000%: $968
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,007.18
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Phoenix: no order-book sample; Injective: 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 Phoenix no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Phoenix and Injective: 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	−0.0716%	1h	93.030	−0.097%	$188K	$406K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0313%	1h	93.077	−0.046%	$272K	$930K	25x	as long as short
Aster CLUSD1	−0.0244%	4h	93.020	−0.107%	$24.7M	$61.5M	20x	as long as short
Gate CL_USDT	−0.0189%	8h	92.920	−0.215%	$23.3M	$48.5M	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	−0.0136%	4h	92.981	−0.149%	$246.0M	$928.3M	100x	as long as short
Variational Omni CL	−0.0122%	4h	93.132	+0.013%	$13.6M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0122%	1h	93.067	−0.057%	$953K	$613K	10x	as long as short
Bitget CLUSDT	−0.0094%	4h	93.016	−0.112%	$42.1M	$41.6M	100x	as long as short
tradeXYZ xyz:CL	−0.0091%	1h	92.993	−0.136%	$184.1M	$197.1M	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	−0.0081%	1h	93.141	+0.023%	$2K	$26K	5x	as long as short
OKX CL-USDT-SWAP	−0.0065%	4h	92.980	−0.150%	$42.5M	$103.1M	50x	as long as short
Ondo Perps WTI-USD.P	−0.0059%	1h	92.960	−0.172%	$3.6M	$5.3M	20x	as long as short
QFEX CL-USD	−0.0026%	1h	92.990	−0.140%	$2.3M	$2.4M	10x	as long as short
edgeX CLUSDC	−0.0002%	4h	93.197	+0.082%	$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	92.980	−0.150%	$27.0M	$80.3M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.039	−0.087%	$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	92.994	−0.135%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.573	−0.587%	$5K	—	150x	as long as short
Lighter WTI	+0.0008%	1h	93.008	−0.120%	$11.3M	$8.6M	20x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	92.981	−0.149%	$16K	$367	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	93.160	+0.043%	$404K	$808K	15x	as long as short
Extended WTI-USD	+0.0032%	1h	93.050	−0.075%	$1.7M	$14.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.150	+0.032%	$735K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.020	−0.107%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.013	−0.115%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.065	−0.059%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.012	−0.116%	$347K	$587K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.021	−0.106%	$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	92.958	−0.174%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S 0.0000%	1h	92.985	−0.145%	$85K	—	111x	as long as short
BloFin CL-USDT	+0.0177%	4h	93.070	−0.054%	$4.1M	$1.0M	50x	as long as short
Injective WTI/USDC PERPshort	+0.0220%	1h	102.13	+9.680%	$19K	$5K	30x