CL

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0031%/8h= −3.4% APRnext payment −$0.04 per $10,000 · paid last 24h +0.016%

Price spread now: Polymarket Perps against Phoenix−0.014%7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.059%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix WTIOIL	91.920	0.0009	pay 0.0001% / 1h	31m 13s	$37K	$99K	20x
Short	Polymarket Perps WTIOIL-USD	91.907	−0.0023	pay 0.0003% / 1h	31m 13s	$1.6M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 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 Polymarket PerpsbpOrdersPrice spread, now −0.014%Rate

Funding earned: −$6.61
Price spread: −0.014% → 0.000%: −$1.41
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$23.03
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Polymarket Perps: 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 Polymarket Perps live order book, 2 min ago	2.12 bp	7.3 bp −$7	9.0 bp −$90	11.2 bp −$1,116	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
Lighter WTI	−0.0320%	1h	91.884	−0.039%	$11.0M	$11.2M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0294%	1h	91.930	+0.011%	$95K	$260K	15x	as long as short
Aftermath Perps WTIUSD	−0.0208%	1h	91.886	−0.037%	$2K	$30K	5x	as long as short
Nado WTI-PERP	−0.0190%	1h	91.980	+0.065%	$922K	$750K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0186%	1h	91.840	−0.087%	$3.5M	$6.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0164%	1h	91.932	+0.013%	$184.9M	$284.0M	20x	as long as short
Bullet WTIOIL-USD	−0.0150%	1h	91.906	−0.016%	$19K	$240K	10x	as long as short
Paradex CL-USD-PERP	−0.0099%	8h	91.887	−0.036%	$15K	$367	5x	as long as short
GRVT CL_USDT_Perp	−0.0064%	4h	91.841	−0.086%	$58K	$726K	25x	as long as short
Aster CLUSD1	−0.0059%	4h	91.923	+0.003%	$23.9M	$78.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended WTI-USD	−0.0040%	1h	91.980	+0.065%	$2.0M	$29.1M	10x	as long as short
Polymarket Perps WTIOIL-USDshort	−0.0023%	1h	91.907	−0.014%	$1.6M	$1.4M	20x
dYdX WTI-USD	0.0000%	1h	91.939	+0.021%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.910	−0.011%	$245.4M	$1.12B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.926	+0.007%	$25.3M	$97.5M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.900	−0.022%	$43.1M	$114.1M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.880	−0.044%	$2.4M	$2.5M	10x	as long as short
Gate CL_USDT	0.0000%	8h	91.860	−0.065%	$21.2M	$59.0M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.906	−0.015%	$42.0M	$56.4M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.834	−0.093%	$13.4M	$13.6M	—	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.510	−0.446%	$4K	—	150x	as long as short
ApeX Omni CLUSDT	+0.0003%	1h	91.850	−0.076%	$55K	$266K	50x	as long as short
StandX CL-USD	+0.0008%	1h	91.890	−0.033%	$722K	$3.1M	40x	as long as short
Phoenix WTIOILlong	+0.0009%	1h	91.920	long leg	$37K	$99K	20x
edgeX CLUSDC	+0.0040%	4h	91.919	−0.001%	$529K	$342K	30x	as long as short
Vest CL-PERP	+0.0046%	1h	92.010	+0.098%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.905	−0.016%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	91.909	−0.011%	$330K	$575K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.923	+0.003%	$7.3M	$2.1M	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.880	−0.043%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	91.720	−0.218%	$384K	$1.2M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	100.99	+9.871%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	91.905	−0.016%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.900	−0.022%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0451%	1h	91.916	−0.004%	$259K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	92.025	+0.114%	$3.2M	$2.8M	20x	as long as short