CL

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PopdexCLUSDT	90.652	+0.0048	pay 0.0006% / 1h	30m 59s	$537K	$766K	20x	Long Popdex
SHORT	ExtendedWTI-USD	90.370	+0.0032	get 0.0004% / 1h	30m 59s	$1.3M	$17.0M	10x	Short Extended10% off

Price gap−0.311%

Funding gap−0.0016% /8h

Both sides work against this direction now: funding costs $0 a day on $10k and the gap is 0.333% under its 7d average. Swap the legs.

If you open now and hold

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

Funding−$19−0.0016% /8h now · paid −0.193% over the last 7D

Price−$33spread −0.311% now, avg +0.022% → −0.333% if it goes back

Costs−$160.156% of $10k · taker + slippage, in and out

Result−$68−0.68%+ Points / potential airdropExtended: points · farm boardWhat 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−0.311%

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

4 ok · 2 to watch

OK: Fits both order books4.5 / 4.1 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$500 + $1,000
Popdex 20x, Extended 10x. 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: −$0.48Long Popdex: 24 payments, −$1.44; short Extended: 24 payments, +$0.96.
Watch: Gap narrower than usual−0.311% vs +0.022%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$537K vs $1.3M OI
Popdex sets your exit cost. Check its book before closing.
OK: Points on a legExtended points
Volume here counts toward the points program.
OK: No KYC on either legPopdex No · Extended No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0101%/8h × 21 periods−$21.16

Price spread−0.311% → +0.022% (7d avg)−$33.34

Slippage, 4 orderslive order books−$4.18

Fee Popdex bp × 2 orders−$6.40

Fee Extended bp × 2 orders−$5.00

Net · 7 days · $10k−$70.08

Costs to cover0.156%Break-evennever at this rate

Slippage: Popdex: live order book, 62 min ago; Extended: live order book, 3 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 · SHORTExtended0.054.1 bp−$47.5 bp−$7524.0 bp−$2,403doesn’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