CL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0114%/8h= +12.4% APRnext payment +$0.14 per $10,000 · paid last 24h +0.027%

Price spread now: Polymarket Perps against tradeXYZ−0.082%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on tradeXYZ Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.185%+$18 on $10k

Price spread, last 7 days+0.062%+$6 · spread now −0.082%, 7d avg −0.011%

Together, before fees+0.246%+ Points / potential airdroptradeXYZ: Active · farm board+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.071% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of −0.011%). If the spread goes back, that is −$7 on $10k: about 2.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CL	93.527	−0.0064	get 0.0008% / 1h	25m 35s	$185.1M	$214.9M	20x
Short	Polymarket Perps WTIOIL-USD	93.450	0.0050	get 0.0006% / 1h	25m 35s	$1.7M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.082%Rate

Funding earned: $23.84
Price spread: −0.082% → −0.011%: −$7.1
Slippage, 4 orders: −$7.25
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$16.5
Costs to cover: 0.332%
Break-even: 11.8 days

Slippage from tradeXYZ: live order book, 4 min ago; Polymarket Perps: live order book, 3 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, 4 min ago	0.21 bp	9.3 bp −$9	9.5 bp −$95	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	2.57 bp	6.7 bp −$7	7.8 bp −$78	11.2 bp −$1,119	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	−0.0392%	1h	93.440	−0.093%	$197K	$374K	15x	as long as short
GRVT CL_USDT_Perp	−0.0320%	4h	93.424	−0.110%	$58K	$639K	25x	as long as short
Aster CLUSD1	−0.0302%	4h	93.556	+0.031%	$24.4M	$65.1M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.464	−0.068%	$285K	$960K	25x	as long as short
Binance CLUSDT	−0.0189%	4h	93.537	+0.011%	$246.8M	$932.8M	100x	as long as short
Variational Omni CL	−0.0182%	4h	93.450	−0.083%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0149%	1h	93.434	−0.100%	$2K	$26K	5x	as long as short
Nado WTI-PERP	−0.0133%	1h	93.484	−0.046%	$967K	$617K	10x	as long as short
Bitget CLUSDT	−0.0132%	4h	93.529	+0.002%	$42.1M	$42.9M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0112%	1h	93.480	−0.050%	$3.5M	$5.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0077%	8h	93.460	−0.072%	$21.8M	$49.7M	100x	as long as short
edgeX CLUSDC	−0.0074%	4h	93.495	−0.034%	$526K	$305K	30x	as long as short
tradeXYZ xyz:CLlong	−0.0064%	1h	93.527	long leg	$185.1M	$214.9M	20x
OKX CL-USDT-SWAP	−0.0058%	4h	93.530	+0.003%	$42.7M	$102.7M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.392%	$403K	$928K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.520	−0.007%	$2.3M	$2.4M	10x	as long as short
dYdX WTI-USD	0.0000%	1h	93.496	−0.034%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.549	+0.024%	$27.1M	$79.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.573	+0.049%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.380	−0.157%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.463	−0.068%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.005	−0.558%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0007%	8h	93.512	−0.016%	$16K	$367	5x	as long as short
Lighter WTI	+0.0008%	1h	93.530	+0.003%	$11.2M	$9.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.550	+0.025%	$2.0M	$17.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.450	−0.082%	$740K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.450	−0.082%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.527	−0.001%	$332K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USDshort	+0.0050%	1h	93.450	−0.082%	$1.7M	$1.3M	20x
SoDEX CL-USD	+0.0050%	1h	93.460	−0.072%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0060%	4h	93.547	+0.021%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.410	−0.125%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.431	−0.103%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0179%	4h	93.490	−0.040%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.60	+9.704%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0237% / S −0.0169%	1h	93.455	−0.077%	$84K	—	111x	as long as short