CL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0184%/8h= +20.1% APRnext payment +$0.23 per $10,000 · paid last 24h +0.014%

Price spread now: Coinbase International against Deribit−0.206%7-day average −0.109% · 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−$36as in the Price arb table

costs, in and out, $10k−$260.264% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.136%−$14 on $10k

Price spread, last 3 days (all we have)+0.198%+$20 · spread now −0.206%, 7d avg −0.109%

Together, before fees+0.062%+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.097% cheaper against Deribit than usual: you would sell low and buy high (spread −0.206% now, against its 7-day average of −0.109%). If the spread goes back, that is −$10 on $10k: about 42 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 4 days funding on this pair cost −0.136%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WTIOIL_USDC-PERPETUAL	92.220	−0.0184	get 0.0023% / 1h	14m 30s	$96K	$189K	15x
Short	Coinbase International WTIOIL-PERP-INTX	92.030	0	get 0.0000% / 1h	14m 30s	$399K	$963K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. 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 DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now −0.206%Rate

Funding earned: $38.55
Price spread: −0.206% → −0.109%: −$9.7
Slippage, 4 orders: −$9.44
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $2.41
Costs to cover: 0.264%
Break-even: 6.6 days

Slippage from Deribit: live order book, 64 min ago; Coinbase International: live order book, 39 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 Deribit live order book, 64 min ago	0.54 bp	7.3 bp −$7	7.4 bp −$74	doesn't fit	doesn't fit
Sell Coinbase International live order book, 39 min ago	1.09 bp	6.1 bp −$6	8.2 bp −$82	doesn't fit	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
Kraken Futures PF_WTIOILUSD	−0.0449%	1h	92.255	+0.038%	$274K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0310%	4h	92.191	−0.031%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0268%	4h	92.243	+0.025%	$23.9M	$77.6M	20x	as long as short
Binance CLUSDT	−0.0188%	4h	92.195	−0.027%	$244.4M	$1.09B	100x	as long as short
Deribit WTIOIL_USDC-PERPETUALlong	−0.0184%	1h	92.220	long leg	$96K	$189K	15x
Variational Omni CL	−0.0173%	4h	92.192	−0.031%	$13.3M	$12.7M	—	as long as short
Nado WTI-PERP	−0.0132%	1h	92.271	+0.056%	$925K	$737K	10x	as long as short
Lighter WTI	−0.0072%	1h	92.210	−0.011%	$11.2M	$10.9M	20x	as long as short
QFEX CL-USD	−0.0054%	1h	92.230	+0.011%	$2.4M	$2.3M	10x	as long as short
Paradex CL-USD-PERP	−0.0049%	8h	92.208	−0.012%	$15K	$367	5x	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	−0.0045%	1h	92.240	+0.022%	$186.4M	$275.3M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0035%	1h	92.200	−0.022%	$3.5M	$6.3M	20x	as long as short
Gate CL_USDT	−0.0032%	8h	92.140	−0.087%	$21.3M	$58.0M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.206	−0.015%	$333K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.274	+0.059%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.194	−0.028%	$26.0M	$94.4M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.180	−0.043%	$43.0M	$112.7M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.343	+0.133%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.160	−0.065%	$42.0M	$51.6M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.250	+0.033%	$37K	$101K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.228	+0.009%	$19K	$241K	10x	as long as short
Coinbase International WTIOIL-PERP-INTXshort	0.0000%	1h	92.030	−0.206%	$399K	$963K	15x
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.787	−0.470%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	92.260	+0.043%	$2.0M	$26.7M	10x	as long as short
edgeX CLUSDC	+0.0033%	4h	92.212	−0.009%	$530K	$326K	30x	as long as short
StandX CL-USD	+0.0040%	1h	92.210	−0.011%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.250	+0.033%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.199	−0.023%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.213	−0.008%	$2.0M	$39K	20x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.211	−0.010%	$7.4M	$2.2M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.250	+0.033%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.196	−0.026%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.215	−0.005%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.34	+9.885%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.200	−0.022%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0367%	1h	92.207	−0.014%	$2K	$29K	5x	as long as short