Funding you earn now, next payment 07:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.07 per $10,000 · paid last 24h −0.009%
Price spread now: Coinbase International against StandX+0.268%46s7-day average −0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$350.349% of the position
Funding, last 7 days−0.267%−$27 on $10k
+Price spread, last 4 days (all we have)−0.294%−$29 · spread now +0.268%, 7d avg −0.077%
=Together, before fees−0.561%+ Points / potential airdropStandX: Active · farm board−$56 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.345% dearer against StandX than usual: you sell high and buy low (spread +0.268% now, against its 7-day average of −0.077%): +$34 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 21 days. At the pace of the last 7 days (−0.267% in total) that is about 9.0 days. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | StandX CL-USD | 93.290 | 0.0040 | pay 0.0005% / 1h | 38m 17s | $739K | $2.8M | 40x |
| Short | Coinbase International WTIOIL-PERP-INTX | 93.540 | −0.0016 | pay 0.0002% / 1h | 38m 17s | $405K | $810K | 15x |
StandX CL-USD
Coinbase International WTIOIL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against StandX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$11.76
- Price spread: +0.268% → −0.077%
- $34.47
- Slippage, 4 orders
- −$16.89
- Fee StandX: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$12.18
- Costs to cover
- 0.349%
- Break-even
- never at this rate
Slippage from StandX: live order book, 1 min ago; Coinbase International: live order book, 40 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 StandX live order book, 1 min ago | 5.90 bp | 9.9 bp −$10 | 10.9 bp −$109 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 40 min ago | 1.07 bp | 6.1 bp −$6 | 8.1 bp −$81 | 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-PERPETUAL | −0.0608% | 1h | 93.170 | −0.129% | $195K | $393K | 15x | as long as short |
| Aster CLUSD1 | −0.0287% | 4h | 93.230 | −0.064% | $24.7M | $64.4M | 20x | as long as short |
| GRVT CL_USDT_Perp | −0.0272% | 4h | 93.210 | −0.086% | $75K | $636K | 25x | as long as short |
| Kraken Futures PF_WTIOILUSD | −0.0209% | 1h | 93.204 | −0.092% | $275K | $938K | 25x | as long as short |
| Binance CLUSDT | −0.0163% | 4h | 93.195 | −0.102% | $246.9M | $919.3M | 100x | as long as short |
| Variational Omni CL | −0.0151% | 4h | 93.187 | −0.111% | $13.4M | $10.6M | — | as long as short |
| Gate CL_USDT | −0.0130% | 8h | 93.130 | −0.172% | $22.9M | $49.0M | 100x | as long as short |
| Bitget CLUSDT | −0.0124% | 4h | 93.183 | −0.115% | $42.2M | $41.6M | 100x | as long as short |
| Aftermath Perps WTIUSD | −0.0112% | 1h | 93.269 | −0.023% | $2K | $26K | 5x | as long as short |
| Nado WTI-PERP | −0.0090% | 1h | 93.258 | −0.035% | $957K | $623K | 10x | as long as short |
Deribit WTIOIL_USDC-PERPETUAL
Aster CLUSD1
GRVT CL_USDT_Perp
Kraken Futures PF_WTIOILUSD
Binance CLUSDT
Variational Omni CL
Gate CL_USDT
Bitget CLUSDT
Aftermath Perps WTIUSD
Nado WTI-PERPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX CL-USDT-SWAP | −0.0067% | 4h | 93.170 | −0.129% | $42.7M | $102.7M | 50x | as long as short |
| QFEX CL-USD | −0.0038% | 1h | 93.210 | −0.086% | $2.3M | $2.4M | 10x | as long as short |
| Ondo Perps WTI-USD.P | −0.0031% | 1h | 93.200 | −0.096% | $3.6M | $5.3M | 20x | as long as short |
| tradeXYZ xyz:CL | −0.0031% | 1h | 93.193 | −0.104% | $184.1M | $199.4M | 20x | as long as short |
| Lighter WTI | −0.0024% | 1h | 93.212 | −0.084% | $11.2M | $9.1M | 20x | as long as short |
| Coinbase International WTIOIL-PERP-INTXshort | −0.0016% | 1h | 93.540 | +0.268% | $405K | $810K | 15x | |
| Paradex CL-USD-PERP | −0.0003% | 8h | 93.195 | −0.102% | $16K | $367 | 5x | as long as short |
| edgeX CLUSDC | −0.0001% | 4h | 93.217 | −0.078% | $524K | $304K | 30x | as long as short |
| dYdX WTI-USD | 0.0000% | 1h | 93.266 | −0.026% | $8K | $3K | 5x | as long as short |
| Bybit CLUSDT | 0.0000% | 8h | 93.190 | −0.107% | $26.7M | $79.1M | 150x | as long as short |
| RISEx CL/USDC | 0.0000% | 1h | 93.252 | −0.041% | $3.0M | $2.9M | 20x | as long as short |
| Phoenix WTIOIL | 0.0000% | 1h | 93.410 | +0.129% | $37K | $40K | 20x | as long as short |
| Bullet WTIOIL-USD | 0.0000% | 1h | 93.192 | −0.105% | $18K | $240K | 10x | as long as short |
| gTrade (Gains Network) WTI/USD | L 0.0000% / S +0.0036% | 1h | 92.747 | −0.582% | $5K | — | 150x | as long as short |
| Extended WTI-USD | +0.0008% | 1h | 93.230 | −0.064% | $1.6M | $15.0M | 10x | as long as short |
| StandX CL-USDlong | +0.0040% | 1h | 93.290 | long leg | $739K | $2.8M | 40x | |
| Vest CL-PERP | +0.0046% | 1h | 93.210 | −0.086% | — | $313K | 10x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.0050% | 1h | 93.192 | −0.105% | $1.7M | $1.3M | 20x | as long as short |
| SoDEX CL-USD | +0.0050% | 1h | 93.192 | −0.105% | $2.1M | $60K | 20x | as long as short |
| Pacifica CL | +0.0100% | 1h | 93.227 | −0.068% | $348K | $593K | 10x | as long as short |
| KuCoin CLUSDTM | +0.0100% | 4h | 93.249 | −0.044% | $7.1M | $2.4M | 50x | as long as short |
| ApeX Omni CLUSDT | +0.0100% | 1h | 93.200 | −0.096% | $54K | $266K | 50x | as long as short |
| Aevo WTIOIL-PERP | +0.0104% | 1h | 93.171 | −0.128% | $4K | — | 10x | as long as short |
| BloFin CL-USDT | +0.0176% | 4h | 93.210 | −0.086% | $4.0M | $983K | 50x | as long as short |
| Injective WTI/USDC PERP | +0.0220% | 1h | 102.83 | +10.228% | $19K | $11K | 30x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | L +0.0254% / S −0.0190% | 1h | 93.195 | −0.102% | $83K | — | 111x | as long as short |
OKX CL-USDT-SWAP
QFEX CL-USD
Ondo Perps WTI-USD.P
tradeXYZ xyz:CL
Lighter WTI
Paradex CL-USD-PERP
edgeX CLUSDC
dYdX WTI-USD
Bybit CLUSDT
RISEx CL/USDC
Phoenix WTIOIL
Bullet WTIOIL-USD
gTrade (Gains Network) WTI/USD
Extended WTI-USD
Vest CL-PERP
Polymarket Perps WTIOIL-USD
SoDEX CL-USD
Pacifica CL
KuCoin CLUSDTM
ApeX Omni CLUSDT
Aevo WTIOIL-PERP
BloFin CL-USDT
Injective WTI/USDC PERP
GMX WTIOIL/USD [ETH-USDC]