CL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.05 per $10,000 · paid last 24h +0.015%

Price spread now: SoDEX against Coinbase International+0.036%7-day average +0.099% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$560.558% of the position

Long on Coinbase International Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.199%+$20 on $10k

Price spread, last 4 days (all we have)−0.107%−$11 · spread now +0.036%, 7d avg +0.099%

Together, before fees+0.092%+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.063% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.036% now, against its 7-day average of +0.099%). If the spread goes back, that is −$6 on $10k: about 5.0 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.199% in total) that is about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WTIOIL-PERP-INTX	90.660	0.0008	pay 0.0001% / 1h	15m 20s	$420K	$1.1M	15x
Short	SoDEX CL-USD	90.693	0.0050	get 0.0006% / 1h	15m 20s	$2.0M	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.036%Rate

Funding earned: $8.82
Price spread: +0.036% → +0.099%: −$6.29
Slippage, 4 orders: −$37.82
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$53.3
Costs to cover: 0.558%
Break-even: 49.3 days

Slippage from Coinbase International: live order book, 1 min ago; SoDEX: 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 Coinbase International live order book, 1 min ago	2.76 bp	8.8 bp −$9	11.2 bp −$112	doesn't fit	doesn't fit
Sell SoDEX live order book, 2 min ago	1.05 bp	20.1 bp −$20	112.7 bp −$1,127	doesn't fit	doesn't fit

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
Deribit WTIOIL_USDC-PERPETUAL	−0.0411%	1h	90.660	0.000%	$181K	$424K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0365%	1h	90.673	+0.014%	$306K	$1.3M	25x	as long as short
Aster CLUSD1	−0.0166%	4h	90.788	+0.141%	$24.6M	$66.1M	20x	as long as short
Bitget CLUSDT	−0.0112%	4h	90.736	+0.084%	$41.2M	$48.9M	100x	as long as short
Binance CLUSDT	−0.0111%	4h	90.772	+0.123%	$246.0M	$1.09B	100x	as long as short
Variational Omni CL	−0.0084%	4h	90.686	+0.028%	$12.9M	$11.0M	—	as long as short
Nado WTI-PERP	−0.0080%	1h	90.763	+0.113%	$913K	$652K	10x	as long as short
Extended WTI-USD	−0.0080%	1h	90.740	+0.088%	$1.4M	$13.7M	10x	as long as short
Ondo Perps WTI-USD.P	−0.0074%	1h	90.650	−0.011%	$3.5M	$5.7M	20x	as long as short
Gate CL_USDT	−0.0073%	8h	90.700	+0.044%	$23.1M	$53.7M	100x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0067%	4h	90.858	+0.218%	$508K	$380K	30x	as long as short
tradeXYZ xyz:CL	−0.0058%	1h	90.748	+0.097%	$176.1M	$209.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0042%	4h	90.832	+0.190%	$70K	$615K	25x	as long as short
Aftermath Perps WTIUSD	−0.0030%	1h	90.902	+0.267%	$2K	$27K	5x	as long as short
OKX CL-USDT-SWAP	−0.0027%	4h	90.760	+0.110%	$40.9M	$118.1M	50x	as long as short
QFEX CL-USD	−0.0023%	1h	90.710	+0.055%	$2.2M	$2.8M	10x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	90.302	−0.395%	$1K	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	90.696	+0.040%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	90.800	+0.154%	$26.9M	$95.9M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.751	+0.100%	$2.9M	$3.0M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	90.755	+0.105%	$17K	$237K	10x	as long as short
Coinbase International WTIOIL-PERP-INTXlong	+0.0008%	1h	90.660	long leg	$420K	$1.1M	15x
Paradex CL-USD-PERP	+0.0015%	8h	90.684	+0.026%	$15K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	90.673	+0.014%	$11.0M	$9.5M	20x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	100.27	+10.598%	$19K	$5K	30x	as long as short
StandX CL-USD	+0.0040%	1h	90.730	+0.077%	$706K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	90.710	+0.055%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	90.698	+0.042%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USDshort	+0.0050%	1h	90.693	+0.036%	$2.0M	$81K	20x
Phoenix WTIOIL	+0.0053%	1h	90.890	+0.254%	$36K	$37K	20x	as long as short
Pacifica CL	+0.0100%	1h	90.714	+0.060%	$313K	$709K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	90.745	+0.094%	$6.8M	$2.8M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	90.830	+0.188%	$53K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	90.735	+0.083%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0215%	4h	90.860	+0.221%	$3.9M	$1.0M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0250% / S −0.0172%	1h	90.675	+0.017%	$81K	—	111x	as long as short