CL

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PopdexCLUSDT	90.614	+0.0048	pay 0.0006% / 1h	57m 46s	$546K	$916K	20x	Long Popdex
SHORT	Coinbase InternationalWTIOIL-PERP-INTX	90.660	+0.0160	get 0.0020% / 1h	57m 46s	$144K	$3.6M	15x	Short Coinbase International

Price gap+0.051%

Funding gap+0.0112% /8h

Both sides work: funding pays +$3 a day on $10k, and the gap is 0.055% above its 7d average: +$6 more if it goes back.

Funding on this pair cost 0.103% over the last 7 days: the rate has only just turned.

If you open now and hold

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

Funding−$10+0.0112% /8h now · paid −0.103% over the last 6 days (all we have)

Price+$6spread +0.051% now, avg −0.005% → +0.055% if it goes back

Costs−$220.222% of $10k · taker + slippage, in and out

Result−$27−0.27%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…

Price spread

Prices

Fundingper 8h

P&L

PRICE SPREAD · 7D

Now+0.051%

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

3 ok · 2 to watch

OK: Fits both order books3.9 / 6.2 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$500 + $667
Popdex 20x, Coinbase International 15x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$3.36Long Popdex: 24 payments, −$1.44; short Coinbase International: 24 payments, +$4.80.
OK: Entry gap works for you+0.051% vs −0.005%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$144K vs $546K OI
Coinbase International sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCPopdex No · Coinbase International Yes
ID and a suitability check; perps are for eligible non-US countries, not for US or UK retail.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0056%/8h × 21 periods−$11.85

Price spread+0.051% → −0.005% (7d avg)+$5.53

Slippage, 4 orderslive order books−$7.79

Fee Popdex bp × 2 orders−$6.40

Fee Coinbase International bp × 2 orders−$8.00

Net · 7 days · $10k−$28.51

Costs to cover0.222%Break-evennever at this rate

Slippage: Popdex: live order book, 20 min ago; Coinbase International: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPopdex0.673.9 bp−$45.1 bp−$5117.5 bp−$1,746doesn’t fit

SELL · SHORTCoinbase International2.216.2 bp−$67.6 bp−$76doesn’t fitdoesn’t fit

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