CL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0927%/8h= −101.5% APRnext payment −$1.16 per $10,000 · paid last 24h +0.016%

Price spread now: Polymarket Perps against RISEx−0.109%7-day average −0.072% · 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−$25as in the Price arb table

costs, in and out, $10k−$210.212% of the position

Long on RISEx Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.037%−$4 on $10k

Price spread, last 7 days+0.009%+$1 · spread now −0.109%, 7d avg −0.072%

Together, before fees−0.028%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Polymarket Perps is 0.037% cheaper against RISEx than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.072%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.037% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.16 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	92.086	0.0977	pay 0.0122% / 1h	59m 10s	$3.2M	$2.7M	20x
Short	Polymarket Perps WTIOIL-USD	91.986	0.0050	get 0.0006% / 1h	59m 10s	$1.6M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.109%Rate

Funding earned: −$194.6
Price spread: −0.109% → −0.072%: −$3.69
Slippage, 4 orders: −$7.19
Fee RISEx: 3 bp × 2 orders: −$6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$219.48
Costs to cover: 0.212%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; Polymarket Perps: live order book, 4 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, 5 min ago	1.36 bp	4.4 bp −$4	6.5 bp −$65	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.23 bp	6.2 bp −$6	10.5 bp −$105	doesn't fit	doesn't fit

CL on 35 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
tradeXYZ xyz:CL	−0.0137%	1h	91.988	−0.106%	$182.7M	$290.1M	20x	as long as short
QFEX CL-USD	−0.0019%	1h	92.010	−0.083%	$2.4M	$2.7M	10x	as long as short
Aftermath Perps WTIUSD	0.0000%	1h	91.936	−0.163%	$2K	$31K	5x	as long as short
Aster CLUSD1	0.0000%	4h	92.015	−0.077%	$24.4M	$78.1M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.937	−0.161%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.974	−0.122%	$246.5M	$1.13B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.963	−0.134%	$25.2M	$99.1M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.940	−0.159%	$42.9M	$115.2M	50x	as long as short
Gate CL_USDT	0.0000%	8h	91.900	−0.202%	$21.2M	$58.4M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.950	−0.148%	$42.2M	$64.5M	100x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CL	0.0000%	4h	91.952	−0.146%	$13.4M	$16.0M	—	as long as short
GRVT CL_USDT_Perp	0.0000%	4h	91.930	−0.169%	$58K	$773K	25x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	91.958	−0.139%	$17K	$240K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	92.020	−0.072%	$95K	$260K	15x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.990	−0.104%	$33K	$98K	20x	as long as short
Paradex CL-USD-PERP	+0.0017%	8h	91.966	−0.130%	$15K	$367	5x	as long as short
edgeX CLUSDC	+0.0019%	4h	91.935	−0.163%	$529K	$343K	30x	as long as short
Nado WTI-PERP	+0.0024%	1h	91.984	−0.111%	$880K	$759K	10x	as long as short
Lighter WTI	+0.0032%	1h	91.977	−0.118%	$11.1M	$11.1M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.005	−0.088%	$2.0M	$29.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	91.960	−0.137%	$723K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.030	−0.061%	—	$243K	10x	as long as short
Polymarket Perps WTIOIL-USDshort	+0.0050%	1h	91.986	−0.109%	$1.6M	$1.4M	20x
SoDEX CL-USD	+0.0050%	1h	91.963	−0.134%	$2.0M	$39K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	91.940	−0.159%	$3.5M	$6.4M	20x	as long as short
Pacifica CL	+0.0100%	1h	91.946	−0.152%	$336K	$570K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.984	−0.111%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	91.990	−0.104%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.984	−0.111%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	92.080	−0.007%	$393K	$1.2M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	101.08	+9.765%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0212% / S −0.0127%	1h	91.965	−0.131%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.920	−0.180%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0450%	1h	91.984	−0.110%	$256K	$1.3M	25x	as long as short
RISEx CL/USDClong	+0.0977%	1h	92.086	long leg	$3.2M	$2.7M	20x