CL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h +0.001%

Price spread now: Coinbase International against Bullet−0.326%50s7-day average −0.118% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.314% of the position

Long on Bullet Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.147%−$15 on $10k

Price spread, last 4 days (all we have)+0.231%+$23 · spread now −0.326%, 7d avg −0.118%

Together, before fees+0.084%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.208% cheaper against Bullet than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.118%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet WTIOIL-USD	93.465	0	get 0.0000% / 1h	24m 19s	$18K	$240K	10x
Short	Coinbase International WTIOIL-PERP-INTX	93.160	−0.0040	pay 0.0005% / 1h	24m 19s	$403K	$928K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bullet. 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 BulletbpFee Coinbase InternationalbpOrdersPrice spread, now −0.326%Rate

Funding earned: −$8.4
Price spread: −0.326% → −0.118%: −$20.83
Slippage, 4 orders: −$13.37
Fee Bullet: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$60.6
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from Bullet: live order book, 25 min ago; Coinbase International: live order book, 64 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 Bullet live order book, 25 min ago	1.55 bp	8.9 bp −$9	17.6 bp −$176	doesn't fit	doesn't fit
Sell Coinbase International live order book, 64 min ago	1.07 bp	6.1 bp −$6	7.8 bp −$78	doesn't fit	doesn't fit

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	−0.0392%	1h	93.410	−0.059%	$197K	$374K	15x	as long as short
GRVT CL_USDT_Perp	−0.0320%	4h	93.424	−0.044%	$58K	$639K	25x	as long as short
Aster CLUSD1	−0.0300%	4h	93.480	+0.016%	$24.4M	$65.1M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.459	−0.006%	$285K	$958K	25x	as long as short
Binance CLUSDT	−0.0189%	4h	93.454	−0.012%	$246.6M	$932.9M	100x	as long as short
Variational Omni CL	−0.0182%	4h	93.450	−0.016%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0150%	1h	93.465	+0.001%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0132%	4h	93.418	−0.050%	$42.1M	$42.8M	100x	as long as short
Nado WTI-PERP	−0.0131%	1h	93.572	+0.115%	$968K	$616K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0112%	1h	93.440	−0.027%	$3.5M	$5.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0078%	8h	93.390	−0.080%	$21.8M	$49.8M	100x	as long as short
edgeX CLUSDC	−0.0074%	4h	93.495	+0.033%	$526K	$305K	30x	as long as short
tradeXYZ xyz:CL	−0.0064%	1h	93.452	−0.014%	$185.0M	$213.4M	20x	as long as short
OKX CL-USDT-SWAP	−0.0056%	4h	93.460	−0.005%	$42.7M	$102.6M	50x	as long as short
Coinbase International WTIOIL-PERP-INTXshort	−0.0040%	1h	93.160	−0.326%	$403K	$928K	15x
QFEX CL-USD	−0.0032%	1h	93.490	+0.027%	$2.3M	$2.4M	10x	as long as short
dYdX WTI-USD	0.0000%	1h	93.496	+0.033%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.470	+0.006%	$27.1M	$79.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.523	+0.062%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.380	−0.091%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USDlong	0.0000%	1h	93.465	long leg	$18K	$240K	10x
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.995	−0.503%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0008%	8h	93.452	−0.013%	$16K	$367	5x	as long as short
Lighter WTI	+0.0008%	1h	93.483	+0.020%	$11.2M	$9.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.480	+0.016%	$2.0M	$17.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.510	+0.048%	$740K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.470	+0.006%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.481	+0.017%	$332K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.470	+0.006%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.411	−0.058%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0064%	4h	93.513	+0.052%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.410	−0.059%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.412	−0.057%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0180%	4h	93.450	−0.016%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.60	+9.777%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0237% / S −0.0170%	1h	93.455	−0.010%	$84K	—	111x	as long as short