CL

Alert

Funding spread now, next payment 18:00 UTC−0.0231%/8h

paid, last 24h−0.069%paid, last 7 days−0.072%to open and close $10k−$36

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.072% in total (about -3.8% a year). A funding rate is set anew for every payment. 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	BloFin CL-USDT	92.230	0.0240	pay 0.0120% / 4h	1h 44m	$4.1M	$1.5M	50x
Short	Phoenix WTIOIL	92.380	0.0009	get 0.0001% / 1h	44m 58s	$33K	$271K	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee PhoenixbpOrdersRate

Funding earned: −$48.58
Slippage, 4 orders: −$17.44
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$85.01
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Phoenix: live order book, 20 min ago.

Price risk

price view

Price gap now: +0.163%
Avg gap 7d: +0.042%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 BloFin live order book, 5 min ago	2.17 bp	8.3 bp −$8	9.8 bp −$98	12.4 bp −$1,243	33.1 bp −$16.5K
Sell Phoenix live order book, 20 min ago	3.26 bp	10.0 bp −$10	20.3 bp −$203	doesn't fit	doesn't fit

CL on 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster CLUSD1	−0.0090%	4h	$25.0M	$65.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0082%	1h	$2K	$34K	5x	as long as short
Binance CLUSDT	−0.0039%	4h	$244.3M	$1.03B	100x	as long as short
QFEX CL-USD	−0.0022%	1h	$2.4M	$2.9M	10x	as long as short
Variational Omni CL	−0.0012%	4h	$13.4M	$17.6M	—	as long as short
dYdX WTI-USD	0.0000%	1h	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	$25.4M	$95.3M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	$43.3M	$110.1M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	$3.1M	$2.6M	20x	as long as short
Gate CL_USDT	0.0000%	8h	$21.1M	$60.9M	100x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget CLUSDT	0.0000%	4h	$42.4M	$63.0M	100x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	$18K	$247K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	$96K	$470K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	$4K	—	150x	as long as short
Phoenix WTIOILshort	+0.0009%	1h	$33K	$271K	20x
Nado WTI-PERP	+0.0009%	1h	$826K	$731K	10x	as long as short
Ondo Perps WTI-USD.P	+0.0010%	1h	$3.5M	$6.1M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	$387K	$1.1M	15x	as long as short
edgeX CLUSDC	+0.0017%	4h	$531K	$353K	30x	as long as short
Lighter WTI	+0.0032%	1h	$11.2M	$12.4M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	$1.9M	$30.2M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	$18K	$14K	30x	as long as short
Paradex CL-USD-PERP	+0.0034%	8h	$15K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	$726K	$2.4M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	—	$243K	10x	as long as short
tradeXYZ xyz:CL	+0.0050%	1h	$190.9M	$274.7M	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	$2.0M	$44K	20x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0065%	1h	$262K	$1.3M	25x	as long as short
Pacifica CL	+0.0100%	1h	$319K	$449K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	$7.6M	$867K	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	$56K	$271K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	$4K	$49	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0131% / S +0.0030%	1h	$79K	—	111x	as long as short
BloFin CL-USDTlong	+0.0240%	4h	$4.1M	$1.5M	50x