CL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.008%

Price spread now: Coinbase International against Extended+0.483%7-day average −0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs+$37as in the Price arb table

costs, in and out, $10k−$220.222% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.308%−$31 on $10k

Price spread, last 4 days (all we have)−0.500%−$50 · spread now +0.483%, 7d avg −0.108%

Together, before fees−0.808%+ Points / potential airdropExtended: Active · farm board−$81 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.591% dearer against Extended than usual: you sell high and buy low (spread +0.483% now, against its 7-day average of −0.108%): +$59 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 41 days. At the pace of the last 7 days (−0.308% in total) that is about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WTI-USD	93.090	0.0032	pay 0.0004% / 1h	10m 14s	$1.7M	$15.0M	10x
Short	Coinbase International WTIOIL-PERP-INTX	93.540	−0.0016	pay 0.0002% / 1h	10m 14s	$405K	$810K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now +0.483%Rate

Funding earned: −$10.08
Price spread: +0.483% → −0.108%: $59.12
Slippage, 4 orders: −$7.19
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $26.85
Costs to cover: 0.222%
Break-even: from the start

Slippage from Extended: live order book, 4 min ago; Coinbase International: live order book, 3 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 Extended live order book, 4 min ago	0.16 bp	4.0 bp −$4	7.2 bp −$72	24.2 bp −$2,424	doesn't fit
Sell Coinbase International live order book, 3 min ago	1.08 bp	8.2 bp −$8	9.8 bp −$98	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-PERPETUAL	−0.0394%	1h	93.060	−0.032%	$194K	$397K	15x	as long as short
Aster CLUSD1	−0.0267%	4h	93.110	+0.021%	$24.8M	$62.7M	20x	as long as short
GRVT CL_USDT_Perp	−0.0234%	4h	92.930	−0.172%	$77K	$622K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0210%	1h	93.085	−0.005%	$276K	$929K	25x	as long as short
Binance CLUSDT	−0.0147%	4h	93.080	−0.011%	$247.1M	$921.0M	100x	as long as short
Variational Omni CL	−0.0136%	4h	93.053	−0.039%	$13.5M	$10.6M	—	as long as short
Gate CL_USDT	−0.0135%	8h	93.070	−0.021%	$23.1M	$50.5M	100x	as long as short
Bitget CLUSDT	−0.0112%	4h	93.106	+0.017%	$42.3M	$41.5M	100x	as long as short
Nado WTI-PERP	−0.0111%	1h	93.131	+0.044%	$954K	$614K	10x	as long as short
Aftermath Perps WTIUSD	−0.0097%	1h	93.025	−0.070%	$1K	$26K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0078%	4h	93.070	−0.021%	$42.7M	$102.8M	50x	as long as short
QFEX CL-USD	−0.0038%	1h	93.060	−0.032%	$2.3M	$2.4M	10x	as long as short
edgeX CLUSDC	−0.0021%	4h	93.014	−0.081%	$523K	$306K	30x	as long as short
tradeXYZ xyz:CL	−0.0018%	1h	93.131	+0.044%	$184.4M	$198.1M	20x	as long as short
Lighter WTI	−0.0016%	1h	93.057	−0.035%	$11.2M	$9.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTXshort	−0.0016%	1h	93.540	+0.483%	$405K	$810K	15x
Ondo Perps WTI-USD.P	−0.0008%	1h	93.040	−0.054%	$3.6M	$5.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.077	−0.014%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.110	+0.021%	$27.0M	$79.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.094	+0.005%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.950	−0.150%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.081	−0.010%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.624	−0.501%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0007%	8h	93.053	−0.040%	$16K	$367	5x	as long as short
Extended WTI-USDlong	+0.0032%	1h	93.090	long leg	$1.7M	$15.0M	10x
StandX CL-USD	+0.0040%	1h	93.110	+0.021%	$738K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.070	−0.021%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.074	−0.017%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.069	−0.023%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.083	−0.008%	$347K	$591K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.097	+0.008%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.950	−0.150%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.059	−0.033%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0160%	4h	93.040	−0.054%	$4.1M	$983K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.715%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0259% / S −0.0206%	1h	93.075	−0.016%	$84K	—	111x	as long as short