CL

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhoenixWTIOIL	101.51	−0.0071	get 0.0009% / 1h	52m 44s	$345K	$15K	20x	Long Phoenix
SHORT	MEXCUSOIL_USDT	101.58	−0.0208	pay 0.0104% / 4h	1h 52m	$59.5M	$62.2M	200x	Short MEXC

Price gap+0.069%62s

Funding gap−0.0137% /8h

The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $4 a day and eats that in about 22 hours. At the last 7 days' pace that is about 2.3 days.

If you open now and hold

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

Funding−$12−0.0137% /8h now · paid −0.116% over the last 7D

Price—spread +0.069%62s now · prices read too far apart to compare

Costs−$220.217% of $10k · taker + slippage, in and out

Result—no pointsneeds both prices read together

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+0.069%

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 46 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

OK: Fits both order books9.3 / 1.5 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$500 + $50
Phoenix 20x, MEXC 200x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$4.11Long Phoenix: 24 payments, +$2.13; short MEXC: 6 payments, −$6.24.
Watch: Prices read 62 s apart+0.069% vs +0.031%
Part of this gap may be the market moving.
Watch: Long leg is thinner$345K vs $59.5M OI
Phoenix sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCPhoenix No · MEXC Yes
KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0055%/8h × 21 periods−$11.56

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$12.72

Fee Phoenix bp × 2 orders−$7.00

Fee MEXC bp × 2 orders−$2.00

Net · 7 days · $10k−$33.28

price spread not counted: prices read too far apart

Costs to cover0.217%Break-evennever at this rate

Slippage: Phoenix: live order book, 54 min ago; MEXC: live order book, 6 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhoenix2.949.3 bp−$917.2 bp−$172229.1 bp−$22.9Kdoesn’t fit

SELL · SHORTMEXC0.491.5 bp−$11.5 bp−$151.5 bp−$1493.5 bp−$1,729

Closing costs about the same again.

CL news

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

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 ↗
10-19 10:35	Phemex	Other	WTI just printed below $97 while Brent holds ~$108. Oil’s pullback after Friday’s spike is more technical + Russia supply hope than a clean demand collapse. For crypto traders, lower energy costs can ease inflation pressure — but geopolitics still keep the floor elevated. Execution quality matters more than the narrative when macro signals flip. @Phemex_official on X ↗

CL