CL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.03 per $10,000 · paid last 24h +0.016%

Price spread now: Coinbase International against tradeXYZ−0.809%7-day average −0.116% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on tradeXYZ Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.180%−$18 on $10k

Price spread, last 3 days (all we have)+0.735%+$73 · spread now −0.809%, 7d avg −0.116%

Together, before fees+0.554%+ Points / potential airdroptradeXYZ: Active · farm board+$55 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.694% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.809% now, against its 7-day average of −0.116%). If the spread goes back, that is −$69 on $10k: about 3 months of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.180%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CL	92.781	−0.0070	get 0.0009% / 1h	37m 57s	$185.1M	$221.6M	20x
Short	Coinbase International WTIOIL-PERP-INTX	92.030	−0.0048	pay 0.0006% / 1h	37m 57s	$399K	$939K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.809%Rate

Funding earned: $4.64
Price spread: −0.809% → −0.116%: −$69.38
Slippage, 4 orders: −$7.16
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$99.9
Costs to cover: 0.352%
Break-even: 157.6 days

Slippage from tradeXYZ: live order book, 12 min ago; Coinbase International: live order book, 5 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, 12 min ago	0.43 bp	9.6 bp −$10	10.5 bp −$105	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	2.16 bp	8.7 bp −$9	10.0 bp −$100	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	−0.0612%	1h	92.750	−0.033%	$198K	$366K	15x	as long as short
Aster CLUSD1	−0.0331%	4h	92.798	+0.018%	$23.9M	$74.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0298%	4h	92.740	−0.044%	$50K	$633K	25x	as long as short
Binance CLUSDT	−0.0273%	4h	92.770	−0.012%	$244.3M	$993.1M	100x	as long as short
Variational Omni CL	−0.0266%	4h	92.741	−0.044%	$13.3M	$11.1M	—	as long as short
Gate CL_USDT	−0.0155%	8h	92.720	−0.066%	$20.9M	$53.0M	100x	as long as short
tradeXYZ xyz:CLlong	−0.0070%	1h	92.781	long leg	$185.1M	$221.6M	20x
Ondo Perps WTI-USD.P	−0.0063%	1h	92.710	−0.077%	$3.5M	$5.7M	20x	as long as short
Coinbase International WTIOIL-PERP-INTXshort	−0.0048%	1h	92.030	−0.809%	$399K	$939K	15x
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.814	+0.036%	$275K	$870K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WTI-PERP	−0.0035%	1h	92.811	+0.033%	$936K	$678K	10x	as long as short
QFEX CL-USD	−0.0033%	1h	92.750	−0.033%	$2.5M	$1.7M	10x	as long as short
OKX CL-USDT-SWAP	−0.0012%	4h	92.780	−0.001%	$42.8M	$106.4M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.754	−0.029%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.790	+0.010%	$26.3M	$83.0M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.761	−0.022%	$41.9M	$45.8M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.790	+0.010%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.772	−0.010%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.355	−0.459%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	92.820	+0.042%	$2.1M	$25.0M	10x	as long as short
Paradex CL-USD-PERP	+0.0022%	8h	92.747	−0.036%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.781	0.000%	$11.2M	$10.2M	20x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.876	+0.103%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.340	−0.475%	$726K	$3.0M	40x	as long as short
Aftermath Perps WTIUSD	+0.0046%	1h	92.757	−0.026%	$2K	$28K	5x	as long as short
Vest CL-PERP	+0.0046%	1h	92.780	−0.001%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.770	−0.012%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.782	+0.001%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTM	+0.0068%	4h	92.782	+0.001%	$7.2M	$2.3M	50x	as long as short
edgeX CLUSDC	+0.0069%	4h	92.761	−0.021%	$533K	$297K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.758	−0.025%	$331K	$616K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.800	+0.020%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.756	−0.027%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.785	+0.004%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.93	+9.864%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0228%	4h	92.730	−0.055%	$4.0M	$1.2M	50x	as long as short