CL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.5% APRnext payment +$0.01 per $10,000 · paid last 24h −0.016%

Price spread now: tradeXYZ against Coinbase International+0.155%7-day average +0.116% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on Coinbase International Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.180%+$18 on $10k

Price spread, last 3 days (all we have)−0.080%−$8 · spread now +0.155%, 7d avg +0.116%

Together, before fees+0.100%+ Points / potential airdroptradeXYZ: Active · farm board+$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: tradeXYZ is 0.040% dearer against Coinbase International than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.116%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WTIOIL-PERP-INTX	92.750	−0.0048	get 0.0006% / 1h	14m 10s	$402K	$946K	15x
Short	tradeXYZ xyz:CL	92.894	−0.0044	pay 0.0005% / 1h	14m 10s	$184.5M	$220.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.155%Rate

Funding earned: $0.89
Price spread: +0.155% → +0.116%: $3.96
Slippage, 4 orders: −$6.97
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$30.12
Costs to cover: 0.350%
Break-even: 244.3 days

Slippage from Coinbase International: live order book, 29 min ago; tradeXYZ: live order book, 6 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, 29 min ago	2.16 bp	7.4 bp −$7	9.2 bp −$92	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 6 min ago	0.16 bp	9.3 bp −$9	9.5 bp −$95	doesn't fit	doesn't fit

CL on 35 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	−0.0396%	1h	92.860	+0.119%	$198K	$365K	15x	as long as short
Aster CLUSD1	−0.0283%	4h	92.930	+0.194%	$24.0M	$72.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0258%	4h	92.840	+0.097%	$53K	$631K	25x	as long as short
Binance CLUSDT	−0.0243%	4h	92.890	+0.151%	$244.9M	$975.3M	100x	as long as short
Variational Omni CL	−0.0240%	4h	92.898	+0.159%	$13.4M	$11.0M	—	as long as short
Gate CL_USDT	−0.0110%	8h	92.860	+0.119%	$20.9M	$53.9M	100x	as long as short
Nado WTI-PERP	−0.0070%	1h	92.995	+0.264%	$964K	$675K	10x	as long as short
Coinbase International WTIOIL-PERP-INTXlong	−0.0048%	1h	92.750	long leg	$402K	$946K	15x
tradeXYZ xyz:CLshort	−0.0044%	1h	92.894	+0.155%	$184.5M	$220.5M	20x
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.941	+0.206%	$274K	$884K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0033%	1h	92.900	+0.162%	$2.5M	$1.7M	10x	as long as short
Ondo Perps WTI-USD.P	−0.0028%	1h	92.900	+0.162%	$3.5M	$5.7M	20x	as long as short
OKX CL-USDT-SWAP	−0.0014%	4h	92.900	+0.162%	$42.9M	$104.9M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.911	+0.174%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.910	+0.173%	$27.0M	$82.1M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.883	+0.143%	$42.0M	$43.9M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.920	+0.183%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.908	+0.170%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.438	−0.336%	$5K	—	150x	as long as short
Aftermath Perps WTIUSD	+0.0012%	1h	92.889	+0.150%	$2K	$28K	5x	as long as short
Paradex CL-USD-PERP	+0.0030%	8h	92.937	+0.201%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.894	+0.155%	$11.2M	$10.4M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.920	+0.183%	$2.1M	$24.2M	10x	as long as short
RISEx CL/USDC	+0.0037%	1h	93.049	+0.322%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.370	−0.410%	$726K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.920	+0.183%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.923	+0.187%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.891	+0.152%	$2.1M	$61K	20x	as long as short
edgeX CLUSDC	+0.0061%	4h	92.816	+0.071%	$528K	$303K	30x	as long as short
KuCoin CLUSDTM	+0.0080%	4h	92.928	+0.192%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.960	+0.227%	$332K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.840	+0.097%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.875	+0.135%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.895	+0.156%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.04	+10.012%	$19K	$11K	30x	as long as short