CL

Alert

Funding spread now, next payment 20:00 UTC−0.0240%/8h

next payment, per $10,000−$1.20paid, last 24h−0.073%paid, last 3 days−0.017%to open and closeno order book

Long on BloFin Short on Variational Omni

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.017% in total (about -2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.20 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	BloFin CL-USDT	91.310	0.0240	pay 0.0120% / 4h	3h 38m	$4.2M	$1.4M	50x
Short	Variational Omni CL	91.374	0	get 0.0000% / 4h	3h 38m	$12.5M	$17.2M	—

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee Variational OmnibpOrdersRate

Funding earned: −$50.4
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$62.4
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 7 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.070%
Avg gap 7d: +0.002%

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, 7 min ago	1.64 bp	7.6 bp −$8	7.6 bp −$76	11.6 bp −$1,161	32.9 bp −$16.4K
Sell Variational Omni RFQ quote, 2 min ago	2.28 bp	doesn't fit	4.0 bp −$40	12.6 bp −$1,256	doesn't fit

CL on 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0075%	4h	$517K	$336K	30x	as long as short
Aftermath Perps WTIUSD	−0.0056%	1h	$1K	$36K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	$297K	$1.2M	25x	as long as short
Lighter WTI	−0.0032%	1h	$11.0M	$12.0M	20x	as long as short
QFEX CL-USD	−0.0016%	1h	$2.3M	$2.8M	10x	as long as short
tradeXYZ xyz:CL	−0.0015%	1h	$182.7M	$258.4M	20x	as long as short
Nado WTI-PERP	−0.0013%	1h	$808K	$767K	10x	as long as short
Aster CLUSD1	0.0000%	4h	$24.8M	$62.9M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	$5K	$126	5x	as long as short
Binance CLUSDT	0.0000%	4h	$246.6M	$985.1M	100x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit CLUSDT	0.0000%	8h	$24.9M	$91.5M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	$43.4M	$104.3M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	$3.0M	$2.4M	20x	as long as short
Gate CL_USDT	0.0000%	8h	$21.1M	$58.0M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	$42.7M	$59.9M	100x	as long as short
Variational Omni CLshort	0.0000%	4h	$12.5M	$17.2M	—
Bullet WTIOIL-USD	0.0000%	1h	$19K	$246K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	$96K	$459K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	$4K	—	150x	as long as short
StandX CL-USD	+0.0008%	1h	$719K	$2.1M	40x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	$373K	$941K	15x	as long as short
Extended WTI-USD	+0.0032%	1h	$2.1M	$30.6M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	$18K	$14K	30x	as long as short
Phoenix WTIOIL	+0.0035%	1h	$33K	$267K	20x	as long as short
Paradex CL-USD-PERP	+0.0039%	8h	$15K	—	5x	as long as short
Vest CL-PERP	+0.0046%	1h	—	$86K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	$1.6M	$1.5M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	$2.0M	$40K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	$3.4M	$5.8M	20x	as long as short
Pacifica CL	+0.0100%	1h	$345K	$345K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	$7.5M	$856K	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	$55K	$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 +0.0134% / S +0.0018%	1h	$77K	—	111x	as long as short
BloFin CL-USDTlong	+0.0240%	4h	$4.2M	$1.4M	50x