CL

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0041%/8h= +4.5% APRnext payment +$0.05 per $10,000 · paid last 24h +0.016%

Price spread now: SoDEX against Phoenix−0.060%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 SoDEX

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

Funding pays, the price is against you. SoDEX is 0.060% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 4.8 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix WTIOIL	92.070	0.0009	pay 0.0001% / 1h	13m 11s	$37K	$99K	20x
Short	SoDEX CL-USD	92.015	0.0050	get 0.0006% / 1h	13m 11s	$2.0M	$39K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.060%Rate

Funding earned: $8.67
Price spread: −0.060% → 0.000%: −$5.97
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$12.3
Costs to cover: 0.150%
Break-even: 16.9 days

Slippage unknown: Phoenix: no order-book sample; SoDEX: live order book, 1 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 SoDEX live order book, 1 min ago	0.54 bp	18.8 bp −$19	83.8 bp −$838	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	92.030	−0.043%	$96K	$208K	15x	as long as short
Lighter WTI	−0.0288%	1h	92.004	−0.072%	$11.1M	$11.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0182%	4h	91.990	−0.087%	$58K	$715K	25x	as long as short
Nado WTI-PERP	−0.0166%	1h	92.080	+0.011%	$923K	$748K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0165%	1h	91.980	−0.098%	$3.5M	$6.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0142%	1h	92.037	−0.036%	$185.5M	$280.2M	20x	as long as short
Aftermath Perps WTIUSD	−0.0139%	1h	92.038	−0.034%	$2K	$30K	5x	as long as short
Aster CLUSD1	−0.0130%	4h	92.040	−0.033%	$23.9M	$78.0M	20x	as long as short
Bullet WTIOIL-USD	−0.0117%	1h	92.004	−0.071%	$18K	$241K	10x	as long as short
Paradex CL-USD-PERP	−0.0107%	8h	91.992	−0.085%	$15K	$367	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	−0.0031%	4h	92.020	−0.054%	$245.4M	$1.12B	100x	as long as short
Gate CL_USDT	−0.0005%	8h	91.970	−0.109%	$21.3M	$59.5M	100x	as long as short
Polymarket Perps WTIOIL-USD	−0.0002%	1h	92.005	−0.071%	$1.6M	$1.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.041%	$8K	$3K	5x	as long as short
Extended WTI-USD	0.0000%	1h	92.080	+0.011%	$2.0M	$28.8M	10x	as long as short
Bybit CLUSDT	0.0000%	8h	92.050	−0.022%	$25.4M	$97.2M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.020	−0.054%	$43.2M	$113.6M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.990	−0.087%	$2.4M	$2.6M	10x	as long as short
Bitget CLUSDT	0.0000%	4h	92.007	−0.068%	$42.0M	$52.4M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.974	−0.105%	$13.4M	$13.3M	—	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.605	−0.505%	$4K	—	150x	as long as short
Phoenix WTIOILlong	+0.0009%	1h	92.070	long leg	$37K	$99K	20x
StandX CL-USD	+0.0034%	1h	92.000	−0.076%	$723K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.090	+0.022%	—	$308K	10x	as long as short
SoDEX CL-USDshort	+0.0050%	1h	92.015	−0.060%	$2.0M	$39K	20x
edgeX CLUSDC	+0.0099%	4h	92.016	−0.059%	$529K	$342K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.015	−0.060%	$332K	$579K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.025	−0.049%	$7.2M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.050	−0.022%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.989	−0.088%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	92.020	−0.054%	$398K	$1.1M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	101.16	+9.872%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	92.005	−0.071%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.990	−0.087%	$4.0M	$1.4M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0450%	1h	92.033	−0.040%	$275K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	92.127	+0.062%	$3.2M	$2.7M	20x	as long as short