CL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0124%/8h= −13.6% APRnext payment −$0.16 per $10,000 · paid last 24h −0.015%

Price spread now: Bullet against Polymarket Perps−0.008%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on Polymarket Perps Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.056%−$6 on $10k

Price spread, last 3 days (all we have)−0.026%−$3 · spread now −0.008%, 7d avg −0.028%

Together, before fees−0.082%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bullet is 0.020% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.008% now, against its 7-day average of −0.028%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 3 days (−0.056% in total) that is about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps WTIOIL-USD	91.889	−0.0019	get 0.0002% / 1h	27m 01s	$1.6M	$1.4M	20x
Short	Bullet WTIOIL-USD	91.882	−0.0143	pay 0.0018% / 1h	27m 01s	$18K	$240K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Polymarket Perps. 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 Polymarket PerpsbpFee BulletbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$26.05
Price spread: −0.008% → −0.028%: $2
Slippage, 4 orders: −$14.14
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$54.18
Costs to cover: 0.301%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 1 min ago; Bullet: live order book, 57 min ago.

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 Polymarket Perps live order book, 1 min ago	2.45 bp	6.5 bp −$7	7.2 bp −$72	10.6 bp −$1,055	doesn't fit
Sell Bullet live order book, 57 min ago	1.41 bp	8.9 bp −$9	17.7 bp −$177	doesn't fit	doesn't fit

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	91.863	−0.028%	$11.0M	$11.2M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0294%	1h	91.910	+0.023%	$95K	$260K	15x	as long as short
Aftermath Perps WTIUSD	−0.0204%	1h	91.932	+0.047%	$2K	$30K	5x	as long as short
Nado WTI-PERP	−0.0182%	1h	91.962	+0.080%	$923K	$748K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0182%	1h	91.860	−0.032%	$3.5M	$6.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0157%	1h	91.918	+0.032%	$184.9M	$284.1M	20x	as long as short
Bullet WTIOIL-USDshort	−0.0143%	1h	91.882	−0.008%	$18K	$240K	10x
GRVT CL_USDT_Perp	−0.0114%	4h	91.887	−0.003%	$58K	$726K	25x	as long as short
Paradex CL-USD-PERP	−0.0105%	8h	91.877	−0.013%	$15K	$367	5x	as long as short
Aster CLUSD1	−0.0077%	4h	91.910	+0.023%	$23.9M	$78.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps WTIOIL-USDlong	−0.0019%	1h	91.889	long leg	$1.6M	$1.4M	20x
Extended WTI-USD	−0.0016%	1h	91.950	+0.066%	$2.0M	$29.1M	10x	as long as short
StandX CL-USD	−0.0002%	1h	91.890	+0.001%	$722K	$3.1M	40x	as long as short
dYdX WTI-USD	0.0000%	1h	91.939	+0.055%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.891	+0.002%	$245.4M	$1.12B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.910	+0.023%	$25.3M	$97.3M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.890	+0.001%	$43.1M	$113.9M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.890	+0.001%	$2.4M	$2.6M	10x	as long as short
Gate CL_USDT	0.0000%	8h	91.830	−0.064%	$21.2M	$59.1M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.888	−0.001%	$42.0M	$53.9M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.884	−0.006%	$13.4M	$13.6M	—	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.475	−0.451%	$4K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.970	+0.088%	$37K	$99K	20x	as long as short
edgeX CLUSDC	+0.0013%	4h	91.933	+0.048%	$529K	$340K	30x	as long as short
Vest CL-PERP	+0.0046%	1h	92.000	+0.121%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.895	+0.007%	$2.0M	$39K	20x	as long as short
ApeX Omni CLUSDT	+0.0065%	1h	91.870	−0.021%	$55K	$266K	50x	as long as short
Pacifica CL	+0.0100%	1h	91.897	+0.009%	$332K	$579K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.902	+0.014%	$7.3M	$2.1M	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.873	−0.018%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	91.920	+0.034%	$397K	$1.2M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	100.99	+9.908%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	91.885	−0.004%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.910	+0.023%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0451%	1h	91.912	+0.025%	$260K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	92.012	+0.134%	$3.2M	$2.8M	20x	as long as short