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 +0.010%

Price spread now: StandX against Phoenix−0.076%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 StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

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

Together, before fees—+ Points / potential airdropStandX: Active · farm boardneeds both histories

Funding pays, the price is against you. StandX is 0.076% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.076% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 8.1 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	91.990	0.0009	pay 0.0001% / 1h	9m 22s	$33K	$99K	20x
Short	StandX CL-USD	91.920	0.0040	get 0.0005% / 1h	9m 22s	$725K	$3.1M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.076%Rate

Funding earned: $6.57
Price spread: −0.076% → 0.000%: −$7.61
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee StandX: 4 bp × 2 orders: −$8
Net: −$16.04
Costs to cover: 0.150%
Break-even: 24.1 days

Slippage unknown: Phoenix: no order-book sample; StandX: live order book, 5 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 StandX live order book, 5 min ago	5.44 bp	9.4 bp −$9	10.3 bp −$103	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 35 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
QFEX CL-USD	−0.0019%	1h	91.880	−0.120%	$2.4M	$2.6M	10x	as long as short
Aster CLUSD1	0.0000%	4h	91.959	−0.034%	$24.5M	$77.2M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.854	−0.148%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.870	−0.130%	$246.1M	$1.14B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.866	−0.135%	$25.1M	$100.0M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.860	−0.141%	$42.9M	$116.5M	50x	as long as short
Gate CL_USDT	0.0000%	8h	91.820	−0.185%	$21.2M	$63.4M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.856	−0.146%	$42.1M	$67.5M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.913	−0.084%	$13.6M	$16.1M	—	as long as short
GRVT CL_USDT_Perp	0.0000%	4h	91.915	−0.082%	$58K	$774K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet WTIOIL-USD	0.0000%	1h	91.877	−0.123%	$17K	$241K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	91.900	−0.098%	$95K	$260K	15x	as long as short
Aftermath Perps WTIUSD	+0.0003%	1h	91.900	−0.097%	$2K	$31K	5x	as long as short
Phoenix WTIOILlong	+0.0009%	1h	91.990	long leg	$33K	$99K	20x
Paradex CL-USD-PERP	+0.0017%	8h	91.872	−0.128%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	91.838	−0.165%	$11.0M	$12.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	91.965	−0.027%	$2.0M	$29.6M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	91.880	−0.120%	$17K	$18K	30x	as long as short
edgeX CLUSDC	+0.0035%	4h	91.900	−0.098%	$528K	$341K	30x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0040%	1h	91.890	−0.109%	$257K	$1.3M	25x	as long as short
StandX CL-USDshort	+0.0040%	1h	91.920	−0.076%	$725K	$3.1M	40x
Coinbase International WTIOIL-PERP-INTX	+0.0040%	1h	92.080	+0.098%	$393K	$1.3M	15x	as long as short
Vest CL-PERP	+0.0046%	1h	92.020	+0.033%	—	$243K	10x	as long as short
tradeXYZ xyz:CL	+0.0050%	1h	91.873	−0.127%	$182.4M	$289.7M	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	91.879	−0.121%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.874	−0.126%	$2.0M	$39K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	91.860	−0.141%	$3.5M	$6.5M	20x	as long as short
Pacifica CL	+0.0100%	1h	91.882	−0.117%	$336K	$573K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.872	−0.128%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	91.930	−0.065%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.854	−0.147%	$4K	—	10x	as long as short
Nado WTI-PERP	+0.0189%	1h	91.865	−0.135%	$880K	$788K	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0212% / S −0.0127%	1h	91.875	−0.125%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.860	−0.141%	$4.0M	$1.5M	50x	as long as short
RISEx CL/USDC	+0.0266%	1h	91.999	+0.009%	$3.2M	$2.7M	20x	as long as short