CL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0277%/8h= +30.3% APRnext payment +$1.38 per $10,000 · paid last 24h +0.018%

Price spread now: OKX against Binance+0.022%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$220.222% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 2 days (all we have)−0.058%−$6 · spread now +0.022%, 7d avg −0.022%

Together, before fees−0.056%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and OKX is 0.043% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.022%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.001% in total (about 0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.38 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	Binance CLUSDT	92.820	−0.0282	get 0.0141% / 4h	2h 57m	$244.9M	$1.02B	100x
Short	OKX CL-USDT-SWAP	92.840	−0.0005	pay 0.0003% / 4h	2h 57m	$43.0M	$108.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Binance. 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 BinancebpFee OKXbpOrdersPrice spread, now +0.022%Rate

Funding earned: $58.12
Price spread: +0.022% → −0.022%: $4.33
Slippage, 4 orders: −$2.16
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $40.3
Costs to cover: 0.222%
Break-even: 2.1 days

Slippage from Binance: live order book, 16 min ago; OKX: 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 Binance live order book, 16 min ago	0.54 bp	5.5 bp −$6	5.6 bp −$56	8.5 bp −$850	20.8 bp −$10.4K
Sell OKX live order book, 1 min ago	0.54 bp	5.5 bp −$6	6.6 bp −$66	14.6 bp −$1,464	115.3 bp −$57.6K

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	−0.0719%	1h	92.760	−0.065%	$192K	$358K	15x	as long as short
GRVT CL_USDT_Perp	−0.0342%	4h	92.660	−0.172%	$58K	$630K	25x	as long as short
Aster CLUSD1	−0.0336%	4h	92.841	+0.022%	$24.0M	$75.0M	20x	as long as short
Binance CLUSDTlong	−0.0282%	4h	92.820	long leg	$244.9M	$1.02B	100x
Variational Omni CL	−0.0273%	4h	92.659	−0.174%	$13.3M	$11.4M	—	as long as short
Gate CL_USDT	−0.0190%	8h	92.780	−0.043%	$21.2M	$52.2M	100x	as long as short
tradeXYZ xyz:CL	−0.0067%	1h	92.833	+0.014%	$186.5M	$234.7M	20x	as long as short
Nado WTI-PERP	−0.0065%	1h	92.837	+0.019%	$936K	$696K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.030	−0.851%	$399K	$956K	15x	as long as short
Ondo Perps WTI-USD.P	−0.0041%	1h	92.790	−0.032%	$3.5M	$5.9M	20x	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	−0.0038%	1h	92.833	+0.014%	$274K	$906K	25x	as long as short
QFEX CL-USD	−0.0033%	1h	92.750	−0.075%	$2.5M	$1.7M	10x	as long as short
OKX CL-USDT-SWAPshort	−0.0005%	4h	92.840	+0.022%	$43.0M	$108.3M	50x
dYdX WTI-USD	0.0000%	1h	92.832	+0.012%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.850	+0.032%	$26.5M	$86.7M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.814	−0.006%	$42.3M	$47.3M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.740	−0.086%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.795	−0.027%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.389	−0.464%	$5K	—	150x	as long as short
Lighter WTI	+0.0008%	1h	92.839	+0.020%	$11.2M	$10.0M	20x	as long as short
Paradex CL-USD-PERP	+0.0014%	8h	92.802	−0.019%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0016%	1h	92.860	+0.043%	$2.1M	$25.5M	10x	as long as short
edgeX CLUSDC	+0.0035%	4h	92.691	−0.139%	$533K	$300K	30x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.939	+0.128%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.450	−0.399%	$723K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.810	−0.011%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.790	−0.032%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.825	+0.005%	$2.1M	$58K	20x	as long as short
KuCoin CLUSDTM	+0.0076%	4h	92.830	+0.011%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.839	+0.020%	$355K	$605K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.780	−0.043%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.782	−0.041%	$4K	—	10x	as long as short
Aftermath Perps WTIUSD	+0.0107%	1h	92.738	−0.088%	$2K	$28K	5x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.815	−0.005%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.69	+9.556%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0237%	4h	92.680	−0.151%	$4.0M	$1.2M	50x	as long as short