CL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.008%

Price spread now: StandX against Coinbase International+0.044%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$360.357% of the position

Long on Coinbase International Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.263%+$26 on $10k

Price spread, last 4 days (all we have)+0.113%+$11 · spread now +0.044%, 7d avg +0.071%

Together, before fees+0.376%+ Points / potential airdropStandX: Active · farm board+$38 on $10k · with fees, hour by hour

Funding pays, the price is against you. StandX is 0.027% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.044% now, against its 7-day average of +0.071%). If the spread goes back, that is −$3 on $10k: about 2.8 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.263% in total) that is about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WTIOIL-PERP-INTX	90.460	0.0008	pay 0.0001% / 1h	9m 51s	$432K	$1.3M	15x
Short	StandX CL-USD	90.500	0.0040	get 0.0005% / 1h	9m 51s	$705K	$2.8M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.044%Rate

Funding earned: $6.72
Price spread: +0.044% → +0.071%: −$2.72
Slippage, 4 orders: −$17.68
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee StandX: 4 bp × 2 orders: −$8
Net: −$31.68
Costs to cover: 0.357%
Break-even: 40.0 days

Slippage from Coinbase International: live order book, 2 min ago; StandX: 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, 2 min ago	2.76 bp	7.8 bp −$8	11.8 bp −$118	doesn't fit	doesn't fit
Sell StandX live order book, 2 min ago	6.08 bp	10.1 bp −$10	12.5 bp −$125	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	−0.0414%	1h	90.300	−0.177%	$181K	$423K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0366%	1h	90.359	−0.111%	$306K	$1.3M	25x	as long as short
Aster CLUSD1	−0.0159%	4h	90.390	−0.077%	$24.6M	$66.6M	20x	as long as short
Bitget CLUSDT	−0.0110%	4h	90.320	−0.155%	$41.1M	$49.4M	100x	as long as short
Binance CLUSDT	−0.0108%	4h	90.350	−0.122%	$246.2M	$1.10B	100x	as long as short
Extended WTI-USD	−0.0088%	1h	90.340	−0.133%	$1.4M	$13.4M	10x	as long as short
Variational Omni CL	−0.0082%	4h	90.495	+0.038%	$12.9M	$11.1M	—	as long as short
Nado WTI-PERP	−0.0082%	1h	90.485	+0.027%	$876K	$670K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0081%	1h	90.360	−0.111%	$3.4M	$5.7M	20x	as long as short
Gate CL_USDT	−0.0065%	8h	90.270	−0.210%	$23.2M	$54.3M	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	−0.0059%	4h	90.686	+0.250%	$507K	$380K	30x	as long as short
tradeXYZ xyz:CL	−0.0056%	1h	90.353	−0.118%	$175.5M	$205.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0046%	4h	90.760	+0.332%	$70K	$615K	25x	as long as short
Aftermath Perps WTIUSD	−0.0035%	1h	90.719	+0.287%	$1K	$27K	5x	as long as short
QFEX CL-USD	−0.0023%	1h	90.410	−0.055%	$2.2M	$2.8M	10x	as long as short
OKX CL-USDT-SWAP	−0.0022%	4h	90.320	−0.155%	$40.9M	$117.9M	50x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.963	−0.549%	$1K	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	90.336	−0.137%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	90.322	−0.153%	$26.9M	$96.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.446	−0.016%	$2.9M	$3.0M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	90.406	−0.060%	$17K	$237K	10x	as long as short
Coinbase International WTIOIL-PERP-INTXlong	+0.0008%	1h	90.460	long leg	$432K	$1.3M	15x
Paradex CL-USD-PERP	+0.0016%	8h	90.428	−0.036%	$15K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	90.331	−0.143%	$10.8M	$9.8M	20x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	100.27	+10.842%	$19K	$5K	30x	as long as short
StandX CL-USDshort	+0.0040%	1h	90.500	+0.044%	$705K	$2.8M	40x
Vest CL-PERP	+0.0046%	1h	90.410	−0.055%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	90.366	−0.104%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	90.331	−0.143%	$2.0M	$81K	20x	as long as short
Phoenix WTIOIL	+0.0053%	1h	90.740	+0.310%	$36K	$37K	20x	as long as short
Pacifica CL	+0.0100%	1h	90.466	+0.007%	$312K	$709K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	90.349	−0.123%	$6.8M	$2.8M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	90.730	+0.298%	$53K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	90.333	−0.141%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0216%	4h	90.500	+0.044%	$3.9M	$1.0M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0250% / S −0.0172%	1h	90.525	+0.072%	$80K	—	111x	as long as short