CL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0420%/8h= +46.0% APRnext payment +$0.53 per $10,000 · paid last 24h +0.033%

Price spread now: tradeXYZ against Deribit+0.025%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on Deribit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.036%+$4 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now +0.025%, 7d avg −0.003%

Together, before fees+0.090%+ Points / potential airdroptradeXYZ: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and tradeXYZ is 0.027% dearer against Deribit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.003%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.036% in total (about 3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.53 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	93.620	−0.0497	get 0.0062% / 1h	24m 19s	$197K	$383K	15x
Short	tradeXYZ xyz:CL	93.643	−0.0077	pay 0.0010% / 1h	24m 19s	$185.2M	$205.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.025%Rate

Funding earned: $88.24
Price spread: +0.025% → −0.003%: $2.72
Slippage, 4 orders: −$3.8
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $62.16
Costs to cover: 0.288%
Break-even: 2.1 days

Slippage from Deribit: live order book, 19 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 Deribit live order book, 19 min ago	0.53 bp	6.2 bp −$6	8.6 bp −$86	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 6 min ago	0.16 bp	9.2 bp −$9	9.3 bp −$93	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	−0.0497%	1h	93.620	long leg	$197K	$383K	15x
Aster CLUSD1	−0.0274%	4h	93.680	+0.064%	$24.6M	$65.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0262%	4h	93.658	+0.040%	$58K	$618K	25x	as long as short
Binance CLUSDT	−0.0148%	4h	93.650	+0.032%	$247.1M	$916.9M	100x	as long as short
Aftermath Perps WTIUSD	−0.0142%	1h	93.646	+0.028%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.670	+0.054%	$283K	$960K	25x	as long as short
Variational Omni CL	−0.0136%	4h	93.629	+0.009%	$13.5M	$10.6M	—	as long as short
Ondo Perps WTI-USD.P	−0.0123%	1h	93.600	−0.021%	$3.5M	$5.3M	20x	as long as short
Gate CL_USDT	−0.0110%	8h	93.570	−0.053%	$22.5M	$49.5M	100x	as long as short
Bitget CLUSDT	−0.0104%	4h	93.637	+0.018%	$42.3M	$42.0M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CLshort	−0.0077%	1h	93.643	+0.025%	$185.2M	$205.0M	20x
Nado WTI-PERP	−0.0056%	1h	93.707	+0.093%	$966K	$620K	10x	as long as short
edgeX CLUSDC	−0.0037%	4h	93.643	+0.025%	$526K	$305K	30x	as long as short
QFEX CL-USD	−0.0023%	1h	93.640	+0.021%	$2.3M	$2.4M	10x	as long as short
OKX CL-USDT-SWAP	−0.0020%	4h	93.640	+0.021%	$43.0M	$101.8M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.128%	$404K	$916K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.649	+0.031%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.650	+0.032%	$26.9M	$79.0M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.701	+0.086%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.730	+0.117%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.644	+0.026%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.189	−0.460%	$5K	—	150x	as long as short
Lighter WTI	+0.0016%	1h	93.648	+0.030%	$11.3M	$9.6M	20x	as long as short
Paradex CL-USD-PERP	+0.0022%	8h	93.624	+0.004%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.690	+0.075%	$2.0M	$15.5M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.680	+0.064%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.650	+0.032%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.643	+0.025%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.649	+0.031%	$2.1M	$61K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.643	+0.025%	$333K	$574K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.683	+0.067%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.750	+0.139%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.620	0.000%	$4K	—	10x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.97	+9.990%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0221%	4h	93.640	+0.021%	$4.0M	$971K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0247% / S −0.0181%	1h	93.645	+0.027%	$84K	—	111x	as long as short