CL

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PopdexCLUSDT	103.22	+0.0048	pay 0.0006% / 1h	31m 57s	$532K	$148K	20x	Long Popdex
SHORT	Kraken FuturesPF_WTIOILUSD	103.04	−0.0228	pay 0.0028% / 1h	31m 57s	$1.4M	$621K	25x	Short Kraken Futures

Price gap−0.173%

Funding gap−0.0276% /8h

Both sides work against this direction now: funding costs $8 a day on $10k and the gap is 0.065% 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−$48−0.0276% /8h now · paid −0.480% over the last 7D

Price−$6spread −0.173% now, avg −0.108% → −0.065% if it goes back

Costs−$210.213% of $10k · taker + slippage, in and out

Result−$76−0.76%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

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−0.173%

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 45 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

OK: Fits both order books3.8 / 7.3 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$500 + $400
Popdex 20x, Kraken Futures 25x. 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: −$8.28Long Popdex: 24 payments, −$1.44; short Kraken Futures: 24 payments, −$6.84.
Watch: Gap narrower than usual−0.173% vs −0.108%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$532K vs $1.4M OI
Popdex sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCPopdex No · Kraken Futures Yes
Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0229%/8h × 21 periods−$48.03

Price spread−0.173% → −0.108% (7d avg)−$6.49

Slippage, 4 orderslive order books−$4.93

Fee Popdex bp × 2 orders−$6.40

Fee Kraken Futures bp × 2 orders−$10.00

Net · 7 days · $10k−$75.84

Costs to cover0.213%Break-evennever at this rate

Slippage: Popdex: live order book, 63 min ago; Kraken Futures: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPopdex0.633.8 bp−$45.2 bp−$529.6 bp−$965doesn’t fit

SELL · SHORTKraken Futures0.927.3 bp−$710.2 bp−$102doesn’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 →

10-23 19:28	Markets by Kinetiq	Other	WTI Crude Oil is back above $100, up 6% this week. Houthi strikes on Saudi Arabia are escalating, ship attacks near Hormuz just hit a record month, and US crude stocks have fallen three weeks straight. @Markets_xyz on X ↗
10-23 10:17	SoDEX	Other	🛢️ $CL: Will Oil Keep Rising? 🔥 Middle East tensions are heating up! Where will oil prices head next? 👀 ✅ Vote below ✅ Share your $CL position ✅ Comment your prediction! 📊 POLL: Where will $CL be by Dec 31, 2026? @sodex_official on X ↗
10-22 15:08	BingX	Other	When commodities make headlines, depth matters 📊 Trade GOLD, WTI, BRENT, and SILVER perpetuals with deeper order books on #BingXTradFi. Up to 5.1x the depth vs No.2 (GOLD-USDT, 100 bps). See the breakdown 👇 @BingXOfficial on X ↗
10-20 08:13	ApeX Omni	Other	Oil cracked. WTI -4.7% is the biggest move on the tape. bitcoin:native $81,703 -1.3%, ethereum:native $2,395 -1.5%, while $NDAQ added 1.1%. $527M went into spot bitcoin ETFs, the best day since September, with IBIT alone taking $665M. Fear and greed 55. @OfficialApeXdex on X ↗
10-19 19:35	BingX	Other	Brent topped $110, WTI broke $100, and diesel hit records as Hormuz attacks escalate. Energy rallied while the Nasdaq fell 4.5%. Oil is back driving inflation and rate fears 🛢️ @BingXOfficial on X ↗
10-19 10:35	Phemex	Other	WTI just printed below $97 while Brent holds ~$108. Oil’s pullback after Friday’s spike is more technical + Russia supply hope than a clean demand collapse. For crypto traders, lower energy costs can ease inflation pressure — but geopolitics still keep the floor elevated. Execution quality matters more than the narrative when macro signals flip. @Phemex_official on X ↗

CL