CL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0653%/8h= +71.5% APRnext payment +$0.82 per $10,000 · paid last 24h +0.064%

Price spread now: Pacifica against Deribit−0.012%7-day average −0.029% · 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−$20as in the Price arb table

costs, in and out, $10k−$220.216% of the position

Long on Deribit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.060%+$6 on $10k

Price spread, last 4 days (all we have)+0.105%+$11 · spread now −0.012%, 7d avg −0.029%

Together, before fees+0.165%+ Points / potential airdropPacifica: Active · farm board+$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: +$20 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.060% in total (about 5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.82 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WTIOIL_USDC-PERPETUAL	93.310	−0.0607	get 0.0076% / 1h	49m 03s	$197K	$372K	15x
Short	Pacifica CL	93.299	0.0047	get 0.0006% / 1h	49m 03s	$331K	$576K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.012%Rate

Funding earned: $137.2
Price spread: −0.012% → −0.029%: $1.73
Slippage, 4 orders: −$6.56
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $117.37
Costs to cover: 0.216%
Break-even: 1.0 days

Slippage from Deribit: live order book, 65 min ago; Pacifica: live order book, 65 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, 65 min ago	0.54 bp	4.0 bp −$4	7.1 bp −$71	doesn't fit	doesn't fit
Sell Pacifica live order book, 65 min ago	0.11 bp	6.0 bp −$6	doesn't fit	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
Deribit WTIOIL_USDC-PERPETUALlong	−0.0607%	1h	93.310	long leg	$197K	$372K	15x
GRVT CL_USDT_Perp	−0.0346%	4h	93.320	+0.011%	$58K	$649K	25x	as long as short
Aster CLUSD1	−0.0297%	4h	93.377	+0.071%	$24.3M	$66.5M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.321	+0.011%	$283K	$962K	25x	as long as short
Binance CLUSDT	−0.0197%	4h	93.350	+0.043%	$246.5M	$936.4M	100x	as long as short
Variational Omni CL	−0.0185%	4h	93.329	+0.020%	$13.3M	$10.9M	—	as long as short
Ondo Perps WTI-USD.P	−0.0162%	1h	93.280	−0.032%	$3.5M	$5.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0138%	1h	93.330	+0.022%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0134%	4h	93.343	+0.035%	$42.1M	$43.1M	100x	as long as short
Nado WTI-PERP	−0.0127%	1h	93.360	+0.053%	$967K	$621K	10x	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	−0.0080%	1h	93.347	+0.040%	$184.5M	$215.4M	20x	as long as short
Gate CL_USDT	−0.0073%	8h	93.270	−0.043%	$21.6M	$49.1M	100x	as long as short
OKX CL-USDT-SWAP	−0.0068%	4h	93.340	+0.032%	$42.6M	$102.6M	50x	as long as short
edgeX CLUSDC	−0.0065%	4h	93.310	0.000%	$524K	$306K	30x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.161%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.290	−0.021%	$2.3M	$2.1M	10x	as long as short
Lighter WTI	−0.0016%	1h	93.329	+0.020%	$11.2M	$9.8M	20x	as long as short
Paradex CL-USD-PERP	−0.0011%	8h	93.288	−0.023%	$16K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	+0.021%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.358	+0.051%	$27.1M	$79.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.363	+0.057%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.390	+0.086%	$37K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.319	+0.010%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.878	−0.463%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	93.390	+0.086%	$2.0M	$18.0M	10x	as long as short
KuCoin CLUSDTM	+0.0032%	4h	93.350	+0.043%	$7.1M	$2.4M	50x	as long as short
StandX CL-USD	+0.0040%	1h	93.340	+0.032%	$739K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.330	+0.021%	—	$313K	10x	as long as short
Pacifica CLshort	+0.0047%	1h	93.299	−0.012%	$331K	$576K	10x
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.302	−0.009%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.325	+0.016%	$2.1M	$60K	20x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.420	+0.118%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.287	−0.025%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0173%	4h	93.310	0.000%	$4.0M	$983K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.57	+9.926%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0230% / S −0.0160%	1h	93.315	+0.005%	$82K	—	111x	as long as short