CL

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0347%/8h= −38.0% APRnext payment −$0.43 per $10,000 · paid last 24h −0.072%

Price spread now: Deribit against Vest+0.033%7-day average +0.835% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Vest Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.061%−$6 on $10k

Price spread, last 4 days (all we have)−0.305%−$31 · spread now +0.033%, 7d avg +0.835%

Together, before fees−0.366%+ Points / potential airdropVest: Active · farm board−$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Deribit is 0.802% cheaper against Vest than usual: you would sell low and buy high (−$80 if the spread goes back to its 7-day average of +0.835%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.061% in total (about -6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.43 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest CL-PERP	90.640	0.0046	pay 0.0006% / 1h	58m 08s	—	$313K	10x
Short	Deribit WTIOIL_USDC-PERPETUAL	90.670	−0.0301	pay 0.0038% / 1h	58m 08s	$181K	$415K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Vest. 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 VestbpFee DeribitbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$72.83
Price spread: +0.033% → +0.835%: −$80.2
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$162.03
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Deribit: live order book, 36 min ago. Net counts fees only.

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 Vest no order-book sample	—	—	—	—	—
Sell Deribit live order book, 36 min ago	1.08 bp	4.6 bp −$5	6.5 bp −$65	doesn't fit	doesn't fit

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_WTIOILUSD	−0.0364%	1h	90.740	+0.110%	$271K	$1.0M	25x	as long as short
Deribit WTIOIL_USDC-PERPETUALshort	−0.0301%	1h	90.670	+0.033%	$181K	$415K	15x
Aster CLUSD1	−0.0196%	4h	90.659	+0.021%	$24.5M	$61.4M	20x	as long as short
Binance CLUSDT	−0.0117%	4h	90.579	−0.068%	$245.1M	$1.04B	100x	as long as short
Variational Omni CL	−0.0100%	4h	90.468	−0.189%	$13.0M	$11.0M	—	as long as short
Bitget CLUSDT	−0.0096%	4h	90.696	+0.062%	$40.7M	$45.7M	100x	as long as short
Gate CL_USDT	−0.0091%	8h	90.650	+0.011%	$23.0M	$50.5M	100x	as long as short
GRVT CL_USDT_Perp	−0.0066%	4h	90.468	−0.190%	$70K	$616K	25x	as long as short
edgeX CLUSDC	−0.0062%	4h	90.306	−0.368%	$518K	$352K	30x	as long as short
Nado WTI-PERP	−0.0056%	1h	90.748	+0.119%	$940K	$613K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0043%	4h	90.700	+0.066%	$41.1M	$111.1M	50x	as long as short
Aftermath Perps WTIUSD	−0.0033%	1h	90.629	−0.013%	$1K	$27K	5x	as long as short
QFEX CL-USD	−0.0023%	1h	90.650	+0.011%	$2.2M	$2.9M	10x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.952	−0.759%	$1K	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	90.836	+0.216%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	90.624	−0.018%	$26.4M	$91.1M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.705	+0.072%	$2.9M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	90.654	+0.015%	$18K	$238K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0008%	1h	90.590	−0.055%	$408K	$1.0M	15x	as long as short
Phoenix WTIOIL	+0.0009%	1h	90.470	−0.188%	$36K	$36K	20x	as long as short
tradeXYZ xyz:CL	+0.0013%	1h	90.666	+0.029%	$176.5M	$206.4M	20x	as long as short
Paradex CL-USD-PERP	+0.0017%	8h	90.750	+0.121%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	90.690	+0.055%	$11.0M	$8.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	90.700	+0.066%	$1.6M	$13.7M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	102.13	+12.681%	$19K	$5K	30x	as long as short
StandX CL-USD	+0.0040%	1h	90.540	−0.110%	$704K	$2.8M	40x	as long as short
Vest CL-PERPlong	+0.0046%	1h	90.640	long leg	—	$313K	10x
Polymarket Perps WTIOIL-USD	+0.0050%	1h	90.669	+0.032%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	90.696	+0.062%	$2.0M	$82K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	90.650	+0.011%	$3.5M	$5.2M	20x	as long as short
Pacifica CL	+0.0100%	1h	90.793	+0.169%	$335K	$573K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	90.728	+0.097%	$6.9M	$2.8M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	90.490	−0.165%	$53K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	90.658	+0.020%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0192%	4h	90.710	+0.077%	$4.0M	$999K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0254% / S −0.0184%	1h	90.485	−0.171%	$84K	—	111x	as long as short