CL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0066%/8h= +7.2% APRnext payment +$0.08 per $10,000 · paid last 24h +0.015%

Price spread now: Polymarket Perps against Coinbase International−0.481%7-day average +0.143% · you buy dearer than you sell

Net, funding: paid 7d − costs+$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on Coinbase International Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.348%+$35 on $10k

Price spread, last 4 days (all we have)+0.577%+$58 · spread now −0.481%, 7d avg +0.143%

Together, before fees+0.925%+$92 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.624% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.481% now, against its 7-day average of +0.143%). If the spread goes back, that is −$62 on $10k: about 32 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.348% in total) that is about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WTIOIL-PERP-INTX	93.540	−0.0016	get 0.0002% / 1h	3m 06s	$405K	$810K	15x
Short	Polymarket Perps WTIOIL-USD	93.090	0.0050	get 0.0006% / 1h	3m 06s	$1.6M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Coinbase International. 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 Coinbase InternationalbpFee Polymarket PerpsbpOrdersPrice spread, now −0.481%Rate

Funding earned: $13.86
Price spread: −0.481% → +0.143%: −$62.38
Slippage, 4 orders: −$10.75
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$77.27
Costs to cover: 0.288%
Break-even: 46.0 days

Slippage from Coinbase International: live order book, 10 min ago; Polymarket Perps: live order book, 5 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 Coinbase International live order book, 10 min ago	1.08 bp	6.6 bp −$7	9.3 bp −$93	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	2.36 bp	6.5 bp −$6	7.3 bp −$73	10.5 bp −$1,051	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	−0.0394%	1h	93.090	−0.481%	$194K	$399K	15x	as long as short
Aster CLUSD1	−0.0252%	4h	93.139	−0.429%	$24.8M	$62.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0218%	4h	93.231	−0.331%	$75K	$634K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0210%	1h	93.119	−0.450%	$273K	$924K	25x	as long as short
Binance CLUSDT	−0.0140%	4h	93.120	−0.449%	$246.5M	$923.8M	100x	as long as short
Gate CL_USDT	−0.0138%	8h	93.050	−0.524%	$23.2M	$50.8M	100x	as long as short
Variational Omni CL	−0.0130%	4h	93.192	−0.372%	$13.6M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0109%	1h	93.148	−0.419%	$953K	$613K	10x	as long as short
Bitget CLUSDT	−0.0100%	4h	93.118	−0.451%	$42.2M	$41.5M	100x	as long as short
Aftermath Perps WTIUSD	−0.0085%	1h	93.140	−0.428%	$1K	$26K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0067%	4h	93.120	−0.449%	$42.5M	$103.1M	50x	as long as short
edgeX CLUSDC	−0.0042%	4h	93.256	−0.303%	$525K	$324K	30x	as long as short
QFEX CL-USD	−0.0038%	1h	93.090	−0.481%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTXlong	−0.0016%	1h	93.540	long leg	$405K	$810K	15x
tradeXYZ xyz:CL	−0.0015%	1h	93.133	−0.435%	$184.5M	$196.7M	20x	as long as short
Lighter WTI	−0.0008%	1h	93.109	−0.461%	$11.2M	$9.2M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0002%	1h	93.080	−0.492%	$3.6M	$5.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.133	−0.435%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.130	−0.438%	$27.0M	$79.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.110	−0.460%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.140	−0.428%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.105	−0.465%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.658	−0.943%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0011%	8h	93.063	−0.510%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.130	−0.438%	$1.7M	$14.9M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.150	−0.417%	$735K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.090	−0.481%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USDshort	+0.0050%	1h	93.090	−0.481%	$1.6M	$1.3M	20x
SoDEX CL-USD	+0.0050%	1h	93.119	−0.450%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.099	−0.471%	$347K	$589K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.128	−0.440%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.290	−0.267%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.095	−0.476%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0171%	4h	93.100	−0.470%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.188%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0261% / S −0.0179%	1h	93.115	−0.454%	$90K	—	111x	as long as short