Funding you earn now, next payment 07:00 UTC−0.0031%/8h= −3.4% APRnext payment −$0.04 per $10,000 · paid last 24h −0.011%
Price spread now: Ondo Perps against Phoenix−0.225%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.225% cheaper against Phoenix than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 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 | 93.410 | 0 | get 0.0000% / 1h | 38m 34s | $37K | $40K | 20x |
| Short | Ondo Perps WTI-USD.P | 93.200 | −0.0031 | pay 0.0004% / 1h | 38m 34s | $3.6M | $5.3M | 20x |
Phoenix WTIOIL
Ondo Perps WTI-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.55
- Price spread: −0.225% → 0.000%
- −$22.48
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$41.03
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Ondo 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Phoenix no order-book sample | — | — | — | — | — |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Phoenix and Ondo 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit WTIOIL_USDC-PERPETUAL | −0.0608% | 1h | 93.200 | −0.225% | $195K | $393K | 15x | as long as short |
| Aster CLUSD1 | −0.0287% | 4h | 93.236 | −0.186% | $24.7M | $64.3M | 20x | as long as short |
| GRVT CL_USDT_Perp | −0.0272% | 4h | 93.210 | −0.214% | $75K | $636K | 25x | as long as short |
| Kraken Futures PF_WTIOILUSD | −0.0209% | 1h | 93.249 | −0.173% | $275K | $938K | 25x | as long as short |
| Binance CLUSDT | −0.0163% | 4h | 93.201 | −0.224% | $246.9M | $919.3M | 100x | as long as short |
| Variational Omni CL | −0.0151% | 4h | 93.187 | −0.239% | $13.4M | $10.6M | — | as long as short |
| Gate CL_USDT | −0.0130% | 8h | 93.160 | −0.268% | $22.9M | $49.0M | 100x | as long as short |
| Bitget CLUSDT | −0.0124% | 4h | 93.195 | −0.230% | $42.2M | $41.6M | 100x | as long as short |
| Aftermath Perps WTIUSD | −0.0112% | 1h | 93.275 | −0.144% | $2K | $26K | 5x | as long as short |
| Nado WTI-PERP | −0.0090% | 1h | 93.258 | −0.163% | $957K | $623K | 10x | as long as short |
Deribit WTIOIL_USDC-PERPETUAL
Aster CLUSD1
GRVT CL_USDT_Perp
Kraken Futures PF_WTIOILUSD
Binance CLUSDT
Variational Omni CL
Gate CL_USDT
Bitget CLUSDT
Aftermath Perps WTIUSD
Nado WTI-PERPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX CL-USDT-SWAP | −0.0066% | 4h | 93.180 | −0.246% | $42.7M | $102.7M | 50x | as long as short |
| QFEX CL-USD | −0.0038% | 1h | 93.210 | −0.214% | $2.3M | $2.4M | 10x | as long as short |
| Ondo Perps WTI-USD.Pshort | −0.0031% | 1h | 93.200 | −0.225% | $3.6M | $5.3M | 20x | |
| tradeXYZ xyz:CL | −0.0030% | 1h | 93.228 | −0.195% | $184.1M | $199.4M | 20x | as long as short |
| Lighter WTI | −0.0024% | 1h | 93.212 | −0.212% | $11.2M | $9.1M | 20x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | −0.0016% | 1h | 93.540 | +0.139% | $405K | $810K | 15x | as long as short |
| Paradex CL-USD-PERP | −0.0003% | 8h | 93.195 | −0.231% | $16K | $367 | 5x | as long as short |
| edgeX CLUSDC | −0.0001% | 4h | 93.217 | −0.207% | $524K | $304K | 30x | as long as short |
| dYdX WTI-USD | 0.0000% | 1h | 93.266 | −0.154% | $8K | $3K | 5x | as long as short |
| Bybit CLUSDT | 0.0000% | 8h | 93.200 | −0.225% | $26.7M | $79.1M | 150x | as long as short |
| RISEx CL/USDC | 0.0000% | 1h | 93.252 | −0.169% | $3.0M | $2.9M | 20x | as long as short |
| Phoenix WTIOILlong | 0.0000% | 1h | 93.410 | long leg | $37K | $40K | 20x | |
| Bullet WTIOIL-USD | 0.0000% | 1h | 93.236 | −0.186% | $18K | $240K | 10x | as long as short |
| gTrade (Gains Network) WTI/USD | L 0.0000% / S +0.0036% | 1h | 92.809 | −0.643% | $5K | — | 150x | as long as short |
| Extended WTI-USD | +0.0016% | 1h | 93.260 | −0.161% | $1.6M | $15.0M | 10x | as long as short |
| StandX CL-USD | +0.0040% | 1h | 93.290 | −0.128% | $739K | $2.8M | 40x | as long as short |
| Vest CL-PERP | +0.0046% | 1h | 93.210 | −0.214% | — | $313K | 10x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.0050% | 1h | 93.192 | −0.233% | $1.7M | $1.3M | 20x | as long as short |
| SoDEX CL-USD | +0.0050% | 1h | 93.241 | −0.181% | $2.1M | $60K | 20x | as long as short |
| Pacifica CL | +0.0100% | 1h | 93.227 | −0.196% | $348K | $593K | 10x | as long as short |
| KuCoin CLUSDTM | +0.0100% | 4h | 93.270 | −0.150% | $7.1M | $2.4M | 50x | as long as short |
| ApeX Omni CLUSDT | +0.0100% | 1h | 93.200 | −0.225% | $54K | $266K | 50x | as long as short |
| Aevo WTIOIL-PERP | +0.0104% | 1h | 93.218 | −0.206% | $4K | — | 10x | as long as short |
| BloFin CL-USDT | +0.0176% | 4h | 93.210 | −0.214% | $4.0M | $983K | 50x | as long as short |
| Injective WTI/USDC PERP | +0.0220% | 1h | 102.83 | +10.087% | $19K | $11K | 30x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | L +0.0254% / S −0.0190% | 1h | 93.245 | −0.177% | $84K | — | 111x | as long as short |
OKX CL-USDT-SWAP
QFEX CL-USD
tradeXYZ xyz:CL
Lighter WTI
Coinbase International WTIOIL-PERP-INTX
Paradex CL-USD-PERP
edgeX CLUSDC
dYdX WTI-USD
Bybit CLUSDT
RISEx CL/USDC
Bullet WTIOIL-USD
gTrade (Gains Network) WTI/USD
Extended WTI-USD
StandX CL-USD
Vest CL-PERP
Polymarket Perps WTIOIL-USD
SoDEX CL-USD
Pacifica CL
KuCoin CLUSDTM
ApeX Omni CLUSDT
Aevo WTIOIL-PERP
BloFin CL-USDT
Injective WTI/USDC PERP
GMX WTIOIL/USD [ETH-USDC]