CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0079%/8h= +8.7% APRnext payment +$0.40 per $10,000 · paid last 24h +0.006%

Price spread now: OKX against Bitget−0.009%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$250.253% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 7 days+0.019%+$2 · spread now −0.009%, 7d avg +0.003%

Together, before fees+0.071%+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CLUSDT	93.488	−0.0116	get 0.0058% / 4h	1h 15m	$42.3M	$42.2M	100x
Short	OKX CL-USDT-SWAP	93.480	−0.0037	pay 0.0018% / 4h	1h 15m	$42.8M	$101.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bitget. 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 BitgetbpFee OKXbpOrdersPrice spread, now −0.009%Rate

Funding earned: $16.64
Price spread: −0.009% → +0.003%: −$1.19
Slippage, 4 orders: −$3.31
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$9.86
Costs to cover: 0.253%
Break-even: 11.1 days

Slippage from Bitget: live order book, 4 min ago; OKX: live order book, 4 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 Bitget live order book, 4 min ago	0.16 bp	7.1 bp −$7	10.0 bp −$100	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.53 bp	5.5 bp −$6	6.4 bp −$64	12.1 bp −$1,207	116.5 bp −$58.2K

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	−0.0498%	1h	93.520	+0.034%	$196K	$385K	15x	as long as short
Aster CLUSD1	−0.0285%	4h	93.546	+0.062%	$24.6M	$65.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0278%	4h	93.509	+0.023%	$58K	$618K	25x	as long as short
Binance CLUSDT	−0.0153%	4h	93.504	+0.017%	$247.5M	$918.1M	100x	as long as short
Variational Omni CL	−0.0143%	4h	93.519	+0.033%	$13.3M	$10.7M	—	as long as short
Aftermath Perps WTIUSD	−0.0138%	1h	93.575	+0.093%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.570	+0.088%	$282K	$961K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0134%	1h	93.470	−0.019%	$3.5M	$5.3M	20x	as long as short
Gate CL_USDT	−0.0120%	8h	93.420	−0.073%	$22.5M	$50.1M	100x	as long as short
Bitget CLUSDTlong	−0.0116%	4h	93.488	long leg	$42.3M	$42.2M	100x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0080%	1h	93.497	+0.010%	$184.8M	$205.1M	20x	as long as short
Nado WTI-PERP	−0.0057%	1h	93.571	+0.088%	$965K	$619K	10x	as long as short
OKX CL-USDT-SWAPshort	−0.0037%	4h	93.480	−0.009%	$42.8M	$101.9M	50x
edgeX CLUSDC	−0.0035%	4h	93.575	+0.093%	$526K	$306K	30x	as long as short
QFEX CL-USD	−0.0023%	1h	93.490	+0.002%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	+0.013%	$404K	$916K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.562	+0.080%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.503	+0.016%	$26.8M	$79.1M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.538	+0.053%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.630	+0.152%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.568	+0.086%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.141	−0.371%	$5K	—	150x	as long as short
Lighter WTI	+0.0008%	1h	93.507	+0.020%	$11.3M	$9.7M	20x	as long as short
Paradex CL-USD-PERP	+0.0015%	8h	93.500	+0.013%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.560	+0.077%	$2.0M	$15.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.620	+0.141%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.520	+0.034%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.487	−0.001%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.540	+0.056%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.507	+0.021%	$333K	$573K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.548	+0.064%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.570	+0.088%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.480	−0.008%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0207%	4h	93.570	+0.088%	$4.0M	$970K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.82	+9.981%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0248% / S −0.0182%	1h	93.505	+0.018%	$84K	—	111x	as long as short