CL

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PopdexCLUSDT	90.588	+0.0048	pay 0.0006% / 1h	32m 25s	$537K	$770K	20x	Long Popdex
SHORT	BitgetCLUSDT	90.610	0	0.0000% / 4h	1h 32m	$30.4M	$89.1M	100x	Short Bitget

Price gap+0.024%

Funding gap−0.0048% /8h

The gap pays +$5 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 3.5 days. At the last 7 days' pace that is about 21 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$37−0.0048% /8h now · paid −0.374% over the last 7D

Price+$5spread +0.024% now, avg −0.027% → +0.051% if it goes back

Costs−$250.254% of $10k · taker + slippage, in and out

Result−$58−0.58%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / ExitPopdex: thin, under $1M open interest

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.024%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CL on 38 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

OK: Fits both order books4.5 / 7.9 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$500 + $100
Popdex 20x, Bitget 100x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$1.44Long Popdex: 24 payments, −$1.44; short Bitget: 6 payments, $0.00.
OK: Entry gap works for you+0.024% vs −0.027%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$537K vs $30.4M OI
Popdex sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCPopdex No · Bitget Yes
KYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0195%/8h × 21 periods−$40.91

Price spread+0.024% → −0.027% (7d avg)+$5.09

Slippage, 4 orderslive order books−$7.03

Fee Popdex bp × 2 orders−$6.40

Fee Bitget bp × 2 orders−$12.00

Net · 7 days · $10k−$61.26

Costs to cover0.254%Break-evennever at this rate

Slippage: Popdex: live order book, 61 min ago; Bitget: live order book, 6 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPopdex1.264.5 bp−$45.9 bp−$5915.9 bp−$1,589doesn’t fit

SELL · SHORTBitget0.727.9 bp−$88.9 bp−$8914.6 bp−$1,45958.4 bp−$29.2K

Closing costs about the same again.

CL news

posts that mention CL or Crude oil (WTI), from every exchangeSearch all news →

09-25 16:46	Kalshi	Other	BREAKING: WTI oil down nearly 3% in the last 1 hour as Al Jazeera reports US-Iran talks have entered "technical stage" @Kalshi on X ↗
09-25 13:31	Vest Markets	Other	At the open, $CL is down around 2%, with Iran proposing on Thursday to reopen the Strait of Hormuz within seven days. Negotiators are exploring a phased arrangement in which Tehran reopens the strait and Washington lifts its economic blockade of Iran, per Reuters. Trade $CL volatility with a Vest Capital funded account and access up to $25k in trading capital. @VestExchange on X ↗

CL