CL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.014%

Price spread now: Phoenix against Polymarket Perps+0.225%59s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Phoenix is 0.225% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.225% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 15 days. The two prices were read 59 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	Polymarket Perps WTIOIL-USD	92.911	0.0050	pay 0.0006% / 1h	54m 13s	$1.6M	$1.3M	20x
Short	Phoenix WTIOIL	93.120	0	get 0.0000% / 1h	54m 13s	$37K	$39K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.225%Rate

Funding earned: −$10.5
Price spread: +0.225% → 0.000%: $22.49
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$3.01
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Polymarket Perps: live order book, 5 min ago; Phoenix: no order-book sample. 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 Polymarket Perps live order book, 5 min ago	314.98 bp	1380.5 bp −$1,381	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

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	−0.0611%	1h	92.830	−0.087%	$187K	$406K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0313%	1h	92.905	−0.007%	$271K	$930K	25x	as long as short
Aster CLUSD1	−0.0244%	4h	92.900	−0.012%	$24.7M	$61.5M	20x	as long as short
Gate CL_USDT	−0.0211%	8h	92.800	−0.119%	$23.3M	$48.6M	100x	as long as short
GRVT CL_USDT_Perp	−0.0150%	4h	93.182	+0.292%	$75K	$614K	25x	as long as short
Binance CLUSDT	−0.0137%	4h	92.880	−0.033%	$245.7M	$928.9M	100x	as long as short
Nado WTI-PERP	−0.0124%	1h	92.973	+0.067%	$952K	$612K	10x	as long as short
Variational Omni CL	−0.0122%	4h	92.970	+0.063%	$13.5M	$10.7M	—	as long as short
Bitget CLUSDT	−0.0096%	4h	92.859	−0.056%	$42.0M	$41.6M	100x	as long as short
tradeXYZ xyz:CL	−0.0090%	1h	92.901	−0.011%	$184.0M	$195.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSD	−0.0083%	1h	93.039	+0.138%	$2K	$27K	5x	as long as short
OKX CL-USDT-SWAP	−0.0064%	4h	92.870	−0.044%	$42.4M	$103.0M	50x	as long as short
Ondo Perps WTI-USD.P	−0.0046%	1h	92.940	+0.031%	$3.6M	$5.3M	20x	as long as short
QFEX CL-USD	−0.0026%	1h	92.920	+0.010%	$2.3M	$2.5M	10x	as long as short
edgeX CLUSDC	−0.0020%	4h	93.079	+0.180%	$534K	$332K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	92.953	+0.045%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.880	−0.033%	$27.0M	$80.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.984	+0.079%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOILshort	0.0000%	1h	93.120	+0.225%	$37K	$39K	20x
Bullet WTIOIL-USD	0.0000%	1h	92.890	−0.023%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.457	−0.489%	$5K	—	150x	as long as short
Lighter WTI	+0.0008%	1h	92.865	−0.050%	$11.2M	$8.6M	20x	as long as short
Paradex CL-USD-PERP	+0.0008%	8h	92.911	0.000%	$16K	$367	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	93.160	+0.268%	$404K	$808K	15x	as long as short
Extended WTI-USD	+0.0032%	1h	92.910	−0.001%	$1.7M	$14.9M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.070	+0.171%	$734K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.920	+0.010%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USDlong	+0.0050%	1h	92.911	long leg	$1.6M	$1.3M	20x
SoDEX CL-USD	+0.0050%	1h	92.875	−0.039%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.950	+0.042%	$346K	$587K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.886	−0.027%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.260	+0.376%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.851	−0.065%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S 0.0000%	1h	92.865	−0.050%	$85K	—	111x	as long as short
BloFin CL-USDT	+0.0175%	4h	92.930	+0.020%	$4.1M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.927%	$19K	$5K	30x	as long as short