CL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0070%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h +0.021%

Price spread now: Extended against tradeXYZ+0.042%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on tradeXYZ Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.144%+$14 on $10k

Price spread, last 7 days−0.068%−$7 · spread now +0.042%, 7d avg −0.015%

Together, before fees+0.076%+ Points / potential airdroptradeXYZ: Active · Extended: Active · farm board+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.057% dearer against tradeXYZ than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CL	93.221	−0.0054	get 0.0007% / 1h	17m 42s	$184.5M	$217.6M	20x
Short	Extended WTI-USD	93.260	0.0016	get 0.0002% / 1h	17m 42s	$2.0M	$18.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.042%Rate

Funding earned: $14.72
Price spread: +0.042% → −0.015%: $5.67
Slippage, 4 orders: −$2.36
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$4.97
Costs to cover: 0.254%
Break-even: 9.4 days

Slippage from tradeXYZ: live order book, 12 min ago; Extended: live order book, 1 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	0.32 bp	9.5 bp −$10	10.8 bp −$108	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	0.05 bp	3.5 bp −$4	6.7 bp −$67	24.4 bp −$2,440	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	93.190	−0.033%	$199K	$370K	15x	as long as short
GRVT CL_USDT_Perp	−0.0326%	4h	93.123	−0.106%	$54K	$645K	25x	as long as short
Aster CLUSD1	−0.0279%	4h	93.219	−0.003%	$24.3M	$66.0M	20x	as long as short
Binance CLUSDT	−0.0186%	4h	93.196	−0.027%	$246.0M	$940.1M	100x	as long as short
Variational Omni CL	−0.0167%	4h	93.119	−0.110%	$13.3M	$10.9M	—	as long as short
Ondo Perps WTI-USD.P	−0.0133%	1h	93.140	−0.087%	$3.5M	$5.4M	20x	as long as short
Bitget CLUSDT	−0.0132%	4h	93.208	−0.014%	$42.0M	$43.2M	100x	as long as short
Aftermath Perps WTIUSD	−0.0127%	1h	93.197	−0.025%	$2K	$27K	5x	as long as short
Nado WTI-PERP	−0.0119%	1h	93.279	+0.062%	$965K	$630K	10x	as long as short
Gate CL_USDT	−0.0066%	8h	93.160	−0.065%	$21.3M	$51.5M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.222	+0.001%	$281K	$958K	25x	as long as short
OKX CL-USDT-SWAP	−0.0059%	4h	93.180	−0.044%	$42.7M	$102.8M	50x	as long as short
tradeXYZ xyz:CLlong	−0.0054%	1h	93.221	long leg	$184.5M	$217.6M	20x
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.065%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.190	−0.033%	$2.3M	$1.9M	10x	as long as short
Paradex CL-USD-PERP	−0.0027%	8h	93.198	−0.025%	$16K	$367	5x	as long as short
edgeX CLUSDC	−0.0025%	4h	93.146	−0.081%	$524K	$306K	30x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.210	−0.012%	$37K	$41K	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.255	+0.036%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.210	−0.012%	$26.8M	$80.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.273	+0.055%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.208	−0.014%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.787	−0.466%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0004%	4h	93.238	+0.018%	$7.1M	$2.4M	50x	as long as short
Lighter WTI	+0.0008%	1h	93.213	−0.009%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USDshort	+0.0016%	1h	93.260	+0.042%	$2.0M	$18.6M	10x
StandX CL-USD	+0.0040%	1h	93.140	−0.087%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.220	−0.001%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.214	−0.008%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.215	−0.006%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.217	−0.005%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.220	−0.001%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.175	−0.049%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0183%	4h	93.140	−0.087%	$4.0M	$999K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.51	+9.964%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0223% / S −0.0151%	1h	93.205	−0.017%	$81K	—	111x	as long as short