CL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.016%

Price spread now: Polymarket Perps against Bullet−0.018%7-day average +0.025% · 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−$34as in the Price arb table

costs, in and out, $10k−$290.295% of the position

Long on Bullet Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.061%+$6 on $10k

Price spread, last 4 days (all we have)+0.045%+$5 · spread now −0.018%, 7d avg +0.025%

Together, before fees+0.107%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.044% cheaper against Bullet than usual: you would sell low and buy high (spread −0.018% now, against its 7-day average of +0.025%). If the spread goes back, that is −$4 on $10k: about 2.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet WTIOIL-USD	93.642	0	get 0.0000% / 1h	51m 22s	$18K	$240K	10x
Short	Polymarket Perps WTIOIL-USD	93.625	0.0050	get 0.0006% / 1h	51m 22s	$1.7M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.018%Rate

Funding earned: $10.5
Price spread: −0.018% → +0.025%: −$4.37
Slippage, 4 orders: −$13.46
Fee Bullet: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$23.33
Costs to cover: 0.295%
Break-even: 22.6 days

Slippage from Bullet: live order book, 58 min ago; Polymarket Perps: live order book, 2 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, 58 min ago	1.55 bp	8.9 bp −$9	17.6 bp −$176	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	1.87 bp	5.9 bp −$6	7.4 bp −$74	10.9 bp −$1,089	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	−0.0284%	1h	93.630	−0.013%	$197K	$380K	15x	as long as short
Aster CLUSD1	−0.0267%	4h	93.670	+0.030%	$24.5M	$64.8M	20x	as long as short
GRVT CL_USDT_Perp	−0.0252%	4h	93.616	−0.028%	$58K	$629K	25x	as long as short
Binance CLUSDT	−0.0154%	4h	93.646	+0.004%	$246.7M	$928.0M	100x	as long as short
Variational Omni CL	−0.0153%	4h	93.499	−0.153%	$13.4M	$10.8M	—	as long as short
Aftermath Perps WTIUSD	−0.0151%	1h	93.589	−0.057%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.649	+0.008%	$286K	$953K	25x	as long as short
Bitget CLUSDT	−0.0108%	4h	93.636	−0.006%	$42.2M	$42.6M	100x	as long as short
Gate CL_USDT	−0.0091%	8h	93.570	−0.077%	$22.2M	$48.3M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0044%	1h	93.630	−0.013%	$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
tradeXYZ xyz:CL	−0.0031%	1h	93.624	−0.019%	$185.2M	$210.6M	20x	as long as short
Nado WTI-PERP	−0.0026%	1h	93.671	+0.031%	$969K	$627K	10x	as long as short
QFEX CL-USD	−0.0023%	1h	93.620	−0.024%	$2.3M	$2.5M	10x	as long as short
OKX CL-USDT-SWAP	−0.0022%	4h	93.640	−0.002%	$42.7M	$101.9M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.152%	$404K	$931K	15x	as long as short
edgeX CLUSDC	−0.0001%	4h	93.623	−0.020%	$526K	$305K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.620	−0.023%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.667	+0.027%	$27.2M	$79.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.685	+0.046%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.660	+0.019%	$38K	$39K	20x	as long as short
Bullet WTIOIL-USDlong	0.0000%	1h	93.642	long leg	$18K	$240K	10x
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.175	−0.499%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0027%	8h	93.633	−0.010%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.648	+0.006%	$11.3M	$9.6M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.650	+0.008%	$2.0M	$16.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.680	+0.041%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.630	−0.013%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USDshort	+0.0050%	1h	93.625	−0.018%	$1.7M	$1.3M	20x
SoDEX CL-USD	+0.0050%	1h	93.651	+0.010%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.650	+0.009%	$333K	$577K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.662	+0.021%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.690	+0.051%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.621	−0.023%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0212%	4h	93.600	−0.045%	$4.0M	$980K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.74	+9.720%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0244% / S −0.0177%	1h	93.635	−0.008%	$84K	—	111x	as long as short