CL

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PopdexCLUSDT	90.709	+0.0048	pay 0.0006% / 1h	59m 03s	$539K	$774K	20x	Long Popdex
SHORT	GRVTCL_USDT_Perp	90.772	0	0.0000% / 4h	1h 59m	$43K	$345K	25x	Short GRVT

Price gap+0.069%

Funding gap−0.0048% /8h

The gap pays +$9 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 6.1 days. At the last 7 days' pace that is about 2.1 days.

If you open now and hold

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

Funding−$27−0.0048% /8h now · paid −0.267% over the last 7D

Price+$9spread +0.069% now, avg −0.019% → +0.088% if it goes back

Costs−$220.218% of $10k · taker + slippage, in and out

Result−$40−0.40%+ Points / potential airdropGRVT: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / ExitPopdex: thin, under $1M open interest · GRVT: 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+0.069%

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 · 3 to watch

Watch: Large against open interest4.5 / 7.1 bp
$10k is over 10% of GRVT’s open interest.
Note: Margin at max leverage$500 + $400
Popdex 20x, GRVT 25x. 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 GRVT: 6 payments, $0.00.
OK: Entry gap works for you+0.069% vs −0.019%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$43K vs $539K OI
GRVT sets your exit cost. Check its book before closing.
OK: Points on a legGRVT points
Volume here counts toward the points program.
OK: No KYC on either legPopdex No · GRVT 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−0.0140%/8h × 21 periods−$29.35

Price spread+0.069% → −0.019% (7d avg)+$8.77

Slippage, 4 orderslive order books−$6.37

Fee Popdex bp × 2 orders−$6.40

Fee GRVT bp × 2 orders−$9.00

Net · 7 days · $10k−$42.35

Costs to cover0.218%Break-evennever at this rate

Slippage: Popdex: live order book, 34 min ago; GRVT: live order book, 33 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 · SHORTGRVT0.557.1 bp−$711.5 bp−$115doesn’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