CL

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0968%/8h= +106.0% APRnext payment +$1.21 per $10,000 · paid last 24h +0.003%

Price spread now: RISEx against Phoenix+0.088%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 RISEx

What this pair did over the last

the charts below follow

Funding, last 3 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 +$29 a day on $10k at the current rate, and RISEx is 0.088% dearer against Phoenix than usual: you sell high and buy low: +$9 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	92.060	0.0009	pay 0.0001% / 1h	7m 10s	$37K	$99K	20x
Short	RISEx CL/USDC	92.141	0.0977	get 0.0122% / 1h	7m 10s	$3.3M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.088%Rate

Funding earned: $203.27
Price spread: +0.088% → 0.000%: $8.8
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: $199.07
Costs to cover: 0.130%
Break-even: 0.1 days

Slippage unknown: Phoenix: no order-book sample; RISEx: 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 RISEx live order book, 2 min ago	0.33 bp	3.3 bp −$3	3.9 bp −$39	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	−0.0293%	1h	92.040	−0.022%	$96K	$189K	15x	as long as short
Lighter WTI	−0.0272%	1h	92.018	−0.046%	$11.1M	$11.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0214%	4h	91.989	−0.077%	$58K	$715K	25x	as long as short
Nado WTI-PERP	−0.0161%	1h	92.084	+0.026%	$923K	$747K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0155%	1h	91.980	−0.087%	$3.5M	$6.4M	20x	as long as short
Aster CLUSD1	−0.0149%	4h	92.040	−0.022%	$24.0M	$77.9M	20x	as long as short
tradeXYZ xyz:CL	−0.0133%	1h	92.036	−0.026%	$185.5M	$278.2M	20x	as long as short
Bullet WTIOIL-USD	−0.0102%	1h	92.020	−0.043%	$18K	$241K	10x	as long as short
Paradex CL-USD-PERP	−0.0099%	8h	91.997	−0.068%	$15K	$367	5x	as long as short
Aftermath Perps WTIUSD	−0.0096%	1h	92.041	−0.021%	$2K	$29K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CLUSDT	−0.0051%	4h	92.020	−0.043%	$245.0M	$1.11B	100x	as long as short
Variational Omni CL	−0.0018%	4h	92.003	−0.062%	$13.4M	$13.3M	—	as long as short
Gate CL_USDT	−0.0009%	8h	91.960	−0.109%	$21.3M	$59.6M	100x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.052%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.048	−0.013%	$25.5M	$95.6M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.020	−0.043%	$43.2M	$113.3M	50x	as long as short
QFEX CL-USD	0.0000%	1h	92.010	−0.054%	$2.4M	$2.6M	10x	as long as short
Bitget CLUSDT	0.0000%	4h	91.999	−0.066%	$42.1M	$52.2M	100x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.600	−0.500%	$4K	—	150x	as long as short
Phoenix WTIOILlong	+0.0009%	1h	92.060	long leg	$37K	$99K	20x
Polymarket Perps WTIOIL-USD	+0.0010%	1h	92.023	−0.040%	$1.6M	$1.4M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.080	+0.022%	$2.0M	$28.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.010	−0.054%	$723K	$3.1M	40x	as long as short
edgeX CLUSDC	+0.0044%	4h	92.041	−0.021%	$529K	$334K	30x	as long as short
Vest CL-PERP	+0.0046%	1h	92.090	+0.033%	—	$308K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.025	−0.038%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.029	−0.033%	$332K	$578K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.037	−0.025%	$7.2M	$2.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	91.990	−0.076%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.999	−0.066%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	92.030	−0.033%	$399K	$1.1M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	101.16	+9.884%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	92.015	−0.049%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.990	−0.076%	$4.0M	$1.4M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0450%	1h	92.038	−0.024%	$275K	$1.2M	25x	as long as short
RISEx CL/USDCshort	+0.0977%	1h	92.141	+0.088%	$3.3M	$2.7M	20x