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 35s	$539K	$774K	20x	Long Popdex
SHORT	Variational OmniCL	90.995	0	0.0000% / 4h	1h 59m	$13.0M	$11.4M	20x	Short Variational Omni+15% pts

Price gap+0.315%

Funding gap−0.0048% /8h

The gap pays +$35 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 24 days. At the last 7 days' pace that is about 11 days.

If you open now and hold

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

Funding−$20−0.0048% /8h now · paid −0.196% over the last 7D

Price+$35spread +0.315% now, avg −0.037% → +0.351% if it goes back

Costs−$140.137% of $10k · taker + slippage, in and out

Result+$2+0.02%+ Points / potential airdropVariational Omni: 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+0.315%

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 / 2.5 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$500 + $500
Popdex 20x, Variational Omni 20x. 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 Variational Omni: 6 payments, $0.00.
OK: Entry gap works for you+0.315% vs −0.037%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$539K vs $13.0M OI
Popdex sets your exit cost. Check its book before closing.
OK: Points on a legVariational Omni points
Volume here counts toward the points program.
OK: No KYC on either legPopdex No · Variational Omni 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−0.0103%/8h × 21 periods−$21.55

Price spread+0.315% → −0.037% (7d avg)+$35.14

Slippage, 4 orderslive order books−$7.29

Fee Popdex bp × 2 orders−$6.40

Fee Variational Omni bp × 2 orders$0.00

Net · 7 days · $10k−$0.10

Costs to cover0.137%Break-evenfrom the start

Slippage: Popdex: live order book, 34 min ago; Variational Omni: RFQ quote, 4 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 · SHORTVariational Omni2.292.5 bp−$22.7 bp−$278.4 bp−$844doesn’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