CL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0046%/8h= −5.1% APRnext payment −$0.06 per $10,000 · paid last 24h −0.013%

Price spread now: tradeXYZ against Phoenix+0.019%81s7-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 tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.125%−$13 on $10k

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds 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. The two prices were read 81 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	92.920	0	get 0.0000% / 1h	16m 04s	$37K	$51K	20x
Short	tradeXYZ xyz:CL	92.938	−0.0046	pay 0.0006% / 1h	16m 04s	$184.6M	$220.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$9.72
Price spread: +0.019% → 0.000%: $1.94
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$32.79
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; tradeXYZ: live order book, 4 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 tradeXYZ live order book, 4 min ago	0.16 bp	9.3 bp −$9	9.5 bp −$95	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0503%	1h	92.880	−0.043%	$198K	$365K	15x	as long as short
Aster CLUSD1	−0.0289%	4h	92.930	+0.011%	$24.0M	$72.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0258%	4h	92.840	−0.086%	$53K	$631K	25x	as long as short
Binance CLUSDT	−0.0247%	4h	92.950	+0.032%	$245.1M	$976.7M	100x	as long as short
Variational Omni CL	−0.0240%	4h	92.898	−0.024%	$13.4M	$11.0M	—	as long as short
Gate CL_USDT	−0.0113%	8h	92.900	−0.022%	$20.9M	$53.9M	100x	as long as short
Nado WTI-PERP	−0.0068%	1h	92.973	+0.057%	$965K	$675K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.183%	$402K	$946K	15x	as long as short
tradeXYZ xyz:CLshort	−0.0046%	1h	92.938	+0.019%	$184.6M	$220.5M	20x
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.951	+0.034%	$274K	$884K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps WTI-USD.P	−0.0034%	1h	92.880	−0.043%	$3.5M	$5.7M	20x	as long as short
QFEX CL-USD	−0.0033%	1h	92.900	−0.022%	$2.5M	$1.7M	10x	as long as short
OKX CL-USDT-SWAP	−0.0017%	4h	92.950	+0.032%	$42.9M	$105.0M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.911	−0.009%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.978	+0.062%	$27.0M	$82.1M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.928	+0.009%	$42.0M	$44.0M	100x	as long as short
Phoenix WTIOILlong	0.0000%	1h	92.920	long leg	$37K	$51K	20x
Bullet WTIOIL-USD	0.0000%	1h	92.915	−0.006%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.458	−0.497%	$5K	—	150x	as long as short
Aftermath Perps WTIUSD	+0.0011%	1h	92.855	−0.070%	$2K	$28K	5x	as long as short
Paradex CL-USD-PERP	+0.0029%	8h	92.916	−0.004%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.918	−0.002%	$11.2M	$10.4M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.940	+0.022%	$2.1M	$24.3M	10x	as long as short
RISEx CL/USDC	+0.0037%	1h	93.038	+0.127%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.340	−0.624%	$726K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.920	0.000%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.932	+0.013%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.915	−0.005%	$2.1M	$61K	20x	as long as short
edgeX CLUSDC	+0.0061%	4h	92.816	−0.112%	$528K	$303K	30x	as long as short
KuCoin CLUSDTM	+0.0078%	4h	92.937	+0.018%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.949	+0.031%	$332K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.840	−0.086%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.895	−0.027%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.915	−0.005%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.04	+9.811%	$19K	$11K	30x	as long as short