CL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0676%/8h= −74.1% APRnext payment −$0.85 per $10,000 · paid last 24h −0.037%

Price spread now: Deribit against RISEx−0.147%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$160.164% of the position

Long on RISEx Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.131%−$13 on $10k

Price spread, last 4 days (all we have)−0.222%−$22 · spread now −0.147%, 7d avg −0.039%

Together, before fees−0.353%−$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Deribit is 0.108% cheaper against RISEx than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.039%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.131% in total (about -13.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.85 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx CL/USDC	93.037	0.0066	pay 0.0008% / 1h	6m 56s	$3.1M	$2.9M	20x
Short	Deribit WTIOIL_USDC-PERPETUAL	92.900	−0.0610	pay 0.0076% / 1h	6m 56s	$198K	$369K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against RISEx. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee RISExbpFee DeribitbpOrdersPrice spread, now −0.147%Rate

Funding earned: −$142.04
Price spread: −0.147% → −0.039%: −$10.84
Slippage, 4 orders: −$3.44
Fee RISEx: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$169.32
Costs to cover: 0.164%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; Deribit: live order book, 57 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy RISEx live order book, 2 min ago	0.59 bp	3.6 bp −$4	4.5 bp −$45	doesn't fit	doesn't fit
Sell Deribit live order book, 57 min ago	0.54 bp	4.0 bp −$4	7.1 bp −$71	doesn't fit	doesn't fit

CL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WTIOIL_USDC-PERPETUALshort	−0.0610%	1h	92.900	−0.147%	$198K	$369K	15x
Aster CLUSD1	−0.0265%	4h	92.950	−0.093%	$24.0M	$68.1M	20x	as long as short
GRVT CL_USDT_Perp	−0.0246%	4h	92.885	−0.163%	$53K	$635K	25x	as long as short
Binance CLUSDT	−0.0208%	4h	92.960	−0.083%	$244.7M	$951.9M	100x	as long as short
Variational Omni CL	−0.0197%	4h	92.897	−0.150%	$13.5M	$11.2M	—	as long as short
Ondo Perps WTI-USD.P	−0.0166%	1h	92.900	−0.147%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0149%	1h	93.011	−0.028%	$961K	$655K	10x	as long as short
OKX CL-USDT-SWAP	−0.0081%	4h	92.950	−0.093%	$42.8M	$102.1M	50x	as long as short
Extended WTI-USD	−0.0080%	1h	92.990	−0.050%	$2.1M	$22.1M	10x	as long as short
tradeXYZ xyz:CL	−0.0073%	1h	92.956	−0.087%	$184.5M	$216.7M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSD	−0.0070%	1h	92.913	−0.133%	$2K	$27K	5x	as long as short
Gate CL_USDT	−0.0069%	8h	92.900	−0.147%	$20.9M	$53.2M	100x	as long as short
edgeX CLUSDC	−0.0065%	4h	92.900	−0.147%	$529K	$302K	30x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.308%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.930	−0.115%	$2.5M	$1.7M	10x	as long as short
Bitget CLUSDT	−0.0016%	4h	92.946	−0.098%	$42.1M	$43.5M	100x	as long as short
Lighter WTI	0.0000%	1h	92.945	−0.099%	$11.2M	$10.5M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.937	−0.108%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.970	−0.072%	$26.6M	$80.8M	150x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.940	−0.104%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.950	−0.093%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.502	−0.575%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0004%	4h	92.953	−0.090%	$7.1M	$2.4M	50x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	92.940	−0.105%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.880	−0.169%	$733K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.960	−0.083%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.958	−0.085%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.925	−0.120%	$2.1M	$60K	20x	as long as short
RISEx CL/USDClong	+0.0066%	1h	93.037	long leg	$3.1M	$2.9M	20x
Pacifica CL	+0.0100%	1h	92.952	−0.091%	$331K	$619K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.960	−0.083%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.905	−0.142%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.970	−0.072%	$274K	$872K	25x	as long as short
BloFin CL-USDT	+0.0162%	4h	92.930	−0.115%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.935	−0.110%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.10	+9.739%	$19K	$11K	30x	as long as short