CL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0082%/8h= +9.0% APRnext payment +$0.10 per $10,000 · paid last 24h +0.009%

Price spread now: Ondo Perps against Deribit−0.076%7-day average −0.052% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.092%+$9 on $10k

Price spread, last 3 days (all we have)+0.111%+$11 · spread now −0.076%, 7d avg −0.052%

Together, before fees+0.203%+ Points / potential airdropOndo Perps: Active · farm board+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.024% cheaper against Deribit than usual: you would sell low and buy high (spread −0.076% now, against its 7-day average of −0.052%). If the spread goes back, that is −$2 on $10k: about 24 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WTIOIL_USDC-PERPETUAL	92.230	−0.0184	get 0.0023% / 1h	47m 50s	$96K	$189K	15x
Short	Ondo Perps WTI-USD.P	92.160	−0.0102	pay 0.0013% / 1h	47m 50s	$3.5M	$6.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.076%Rate

Funding earned: $17.2
Price spread: −0.076% → −0.052%: −$2.41
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $2.79
Costs to cover: 0.120%
Break-even: 5.9 days

Slippage unknown: Deribit: live order book, 26 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 26 min ago	0.54 bp	4.0 bp −$4	5.7 bp −$57	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
GRVT CL_USDT_Perp	−0.0536%	4h	92.166	−0.069%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0323%	4h	92.240	+0.011%	$23.9M	$80.0M	20x	as long as short
Gate CL_USDT	−0.0279%	8h	92.170	−0.065%	$21.3M	$54.4M	100x	as long as short
Binance CLUSDT	−0.0253%	4h	92.231	+0.001%	$245.3M	$1.08B	100x	as long as short
Variational Omni CL	−0.0236%	4h	92.101	−0.140%	$13.2M	$12.7M	—	as long as short
Deribit WTIOIL_USDC-PERPETUALlong	−0.0184%	1h	92.230	long leg	$96K	$189K	15x
Bybit CLUSDT	−0.0125%	8h	92.240	+0.011%	$26.0M	$93.7M	150x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.230	0.000%	$273K	$1.2M	25x	as long as short
Nado WTI-PERP	−0.0116%	1h	92.230	0.000%	$923K	$732K	10x	as long as short
Ondo Perps WTI-USD.Pshort	−0.0102%	1h	92.160	−0.076%	$3.5M	$6.2M	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0057%	1h	92.260	+0.033%	$186.3M	$261.7M	20x	as long as short
Lighter WTI	−0.0040%	1h	92.254	+0.026%	$11.2M	$10.0M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.217%	$399K	$960K	15x	as long as short
QFEX CL-USD	−0.0040%	1h	92.160	−0.076%	$2.4M	$2.2M	10x	as long as short
Paradex CL-USD-PERP	−0.0034%	8h	92.155	−0.081%	$15K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	92.235	+0.006%	$8K	$3K	5x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.220	−0.011%	$42.9M	$111.3M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.290	+0.065%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.245	+0.016%	$41.9M	$51.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.260	+0.033%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.201	−0.031%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.792	−0.475%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	92.260	+0.033%	$2.0M	$26.7M	10x	as long as short
edgeX CLUSDC	+0.0036%	4h	92.162	−0.074%	$530K	$306K	30x	as long as short
StandX CL-USD	+0.0040%	1h	92.150	−0.087%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.220	−0.011%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.181	−0.053%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.211	−0.021%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.167	−0.069%	$353K	$596K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.229	−0.001%	$7.2M	$2.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.120	−0.119%	$55K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.195	−0.038%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.215	−0.016%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.38	+9.923%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.180	−0.054%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0409%	1h	92.194	−0.039%	$2K	$29K	5x	as long as short