CL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0235%/8h= +25.7% APRnext payment +$0.29 per $10,000 · paid last 24h +0.042%

Price spread now: ApeX Omni against tradeXYZ−0.094%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$590.595% of the position

Long on tradeXYZ Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.249%+$25 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.094%, 7d avg −0.003%

Together, before fees+0.321%+ Points / potential airdroptradeXYZ: Active · farm board+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.091% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.094% now, against its 7-day average of −0.003%). If the spread goes back, that is −$9 on $10k: about 31 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CL	90.355	−0.0135	get 0.0017% / 1h	43m 15s	$175.1M	$254.5M	20x
Short	ApeX Omni CLUSDT	90.270	0.0100	get 0.0013% / 1h	43m 15s	$52K	$267K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against tradeXYZ. 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 tradeXYZbpFee ApeX OmnibpOrdersPrice spread, now −0.094%Rate

Funding earned: $49.33
Price spread: −0.094% → −0.003%: −$9.09
Slippage, 4 orders: −$31.49
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$19.25
Costs to cover: 0.595%
Break-even: 9.7 days

Slippage from tradeXYZ: live order book, 10 min ago; ApeX Omni: live order book, 62 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 tradeXYZ live order book, 10 min ago	0.33 bp	9.4 bp −$9	9.9 bp −$99	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 62 min ago	8.92 bp	20.9 bp −$21	200.1 bp −$2,001	doesn't fit	doesn't fit

CL on 36 exchanges

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	−0.0303%	1h	90.390	+0.039%	$38K	$640K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0230%	1h	90.369	+0.015%	$313K	$2.2M	25x	as long as short
Aftermath Perps WTIUSD	−0.0152%	1h	90.300	−0.061%	$1K	$26K	5x	as long as short
tradeXYZ xyz:CLlong	−0.0135%	1h	90.355	long leg	$175.1M	$254.5M	20x
GRVT CL_USDT_Perp	−0.0116%	4h	90.450	+0.105%	$68K	$645K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0107%	1h	90.220	−0.149%	$3.4M	$6.7M	20x	as long as short
Bitget CLUSDT	−0.0102%	4h	90.370	+0.017%	$40.7M	$59.7M	100x	as long as short
Nado WTI-PERP	−0.0080%	1h	90.455	+0.111%	$892K	$710K	10x	as long as short
Aster CLUSD1	−0.0079%	4h	90.422	+0.074%	$24.5M	$73.5M	20x	as long as short
Extended WTI-USD	−0.0072%	1h	90.450	+0.105%	$1.3M	$14.0M	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CLUSDT	−0.0037%	4h	90.384	+0.032%	$247.2M	$1.24B	100x	as long as short
Gate CL_USDT	−0.0034%	8h	90.330	−0.028%	$23.9M	$56.5M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0024%	1h	90.620	+0.293%	$442K	$1.9M	15x	as long as short
QFEX CL-USD	−0.0017%	1h	90.380	+0.028%	$2.2M	$3.0M	10x	as long as short
Variational Omni CL	−0.0015%	4h	90.492	+0.152%	$12.6M	$11.3M	—	as long as short
OKX CL-USDT-SWAP	−0.0009%	4h	90.360	+0.006%	$40.6M	$141.1M	50x	as long as short
Phoenix WTIOIL	−0.0009%	1h	90.520	+0.183%	$33K	$38K	20x	as long as short
Lighter WTI	−0.0008%	1h	90.361	+0.007%	$10.6M	$11.2M	20x	as long as short
edgeX CLUSDC	−0.0007%	4h	90.531	+0.195%	$504K	$375K	30x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	90.045	−0.343%	$613	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	90.344	−0.012%	$9K	$4K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	90.393	+0.042%	$29.2M	$114.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.468	+0.125%	$2.8M	$3.1M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	90.372	+0.019%	$18K	$235K	10x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	90.318	−0.041%	$15K	$458	5x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	90.137	−0.241%	$16K	$5K	30x	as long as short
StandX CL-USD	+0.0040%	1h	90.300	−0.061%	$696K	$2.7M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	90.380	+0.028%	—	$315K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	90.369	+0.015%	$1.7M	$1.5M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	90.380	+0.028%	$2.0M	$87K	20x	as long as short
Pacifica CL	+0.0100%	1h	90.330	−0.028%	$317K	$758K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	90.395	+0.044%	$6.7M	$3.3M	50x	as long as short
ApeX Omni CLUSDTshort	+0.0100%	1h	90.270	−0.094%	$52K	$267K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	90.364	+0.010%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0158% / S +0.0008%	1h	90.405	+0.055%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0234%	4h	90.300	−0.061%	$3.9M	$1.0M	50x	as long as short