CL

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.04 per $10,000 · paid last 24h −0.009%

Price spread now: gTrade (Gains Network) against Bullet−0.520%59s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bullet Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and gTrade (Gains Network) is 0.520% cheaper against Bullet than usual: you would sell low and buy high (−$52 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 59 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	90.024	0	get 0.0000% / 1h	5m 11s	$16K	$238K	10x
Short	gTrade (Gains Network) WTI/USD	89.556	L −0.0001% / S +0.0036%	pay 0.0004% / 1h	5m 11s	$1K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.520%Rate

Funding earned: −$7.5
Price spread: −0.520% → 0.000%: −$51.99
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Net: −$75.49
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Bullet: live order book, 47 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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, 47 min ago	0.55 bp	6.4 bp −$6	17.4 bp −$174	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CL on 36 exchanges

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
Kraken Futures PF_WTIOILUSD	−0.0367%	1h	90.117	+0.104%	$278K	$1.3M	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0193%	1h	90.190	+0.184%	$182K	$423K	15x	as long as short
Aster CLUSD1	−0.0150%	4h	90.358	+0.371%	$24.6M	$68.9M	20x	as long as short
Bitget CLUSDT	−0.0108%	4h	90.067	+0.048%	$41.3M	$51.9M	100x	as long as short
Binance CLUSDT	−0.0101%	4h	90.319	+0.328%	$242.1M	$1.14B	100x	as long as short
Variational Omni CL	−0.0085%	4h	89.884	−0.156%	$12.7M	$11.2M	—	as long as short
Ondo Perps WTI-USD.P	−0.0078%	1h	89.950	−0.082%	$3.4M	$5.9M	20x	as long as short
Nado WTI-PERP	−0.0074%	1h	90.000	−0.027%	$871K	$674K	10x	as long as short
tradeXYZ xyz:CL	−0.0065%	1h	90.005	−0.021%	$173.0M	$226.5M	20x	as long as short
Extended WTI-USD	−0.0064%	1h	90.110	+0.096%	$1.2M	$13.6M	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT CL_USDT_Perp	−0.0060%	4h	90.241	+0.242%	$74K	$628K	25x	as long as short
Gate CL_USDT	−0.0048%	8h	89.990	−0.038%	$23.2M	$55.3M	100x	as long as short
edgeX CLUSDC	−0.0033%	4h	90.264	+0.267%	$505K	$379K	30x	as long as short
Aftermath Perps WTIUSD	−0.0030%	1h	90.327	+0.336%	$1K	$27K	5x	as long as short
QFEX CL-USD	−0.0023%	1h	90.000	−0.027%	$2.2M	$2.8M	10x	as long as short
OKX CL-USDT-SWAP	−0.0023%	4h	90.240	+0.240%	$40.5M	$122.8M	50x	as long as short
gTrade (Gains Network) WTI/USDshort	L −0.0001% / S +0.0036%	1h	89.556	−0.520%	$1K	—	150x
dYdX WTI-USD	0.0000%	1h	90.039	+0.017%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	90.182	+0.176%	$27.3M	$100.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.076	+0.058%	$2.8M	$3.0M	20x	as long as short
Bullet WTIOIL-USDlong	0.0000%	1h	90.024	long leg	$16K	$238K	10x
Coinbase International WTIOIL-PERP-INTX	+0.0008%	1h	90.300	+0.307%	$445K	$1.4M	15x	as long as short
Paradex CL-USD-PERP	+0.0017%	8h	89.928	−0.107%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	90.281	+0.285%	$10.8M	$10.1M	20x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	89.848	−0.196%	$16K	$5K	30x	as long as short
StandX CL-USD	+0.0040%	1h	90.070	+0.051%	$698K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	90.030	+0.007%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	89.976	−0.053%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	90.262	+0.264%	$2.0M	$80K	20x	as long as short
Phoenix WTIOIL	+0.0053%	1h	90.450	+0.473%	$36K	$37K	20x	as long as short
Pacifica CL	+0.0100%	1h	89.941	−0.092%	$304K	$717K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	90.012	−0.013%	$6.8M	$2.9M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	89.890	−0.149%	$52K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	90.156	+0.147%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0168% / S +0.0013%	1h	89.875	−0.166%	$72K	—	111x	as long as short
BloFin CL-USDT	+0.0217%	4h	90.200	+0.196%	$3.9M	$1.1M	50x	as long as short