CL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0109%/8h= −11.9% APRnext payment −$0.14 per $10,000 · paid last 24h −0.021%

Price spread now: tradeXYZ against Extended−0.061%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$240.243% of the position

Long on Extended Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.144%−$14 on $10k

Price spread, last 7 days+0.080%+$8 · spread now −0.061%, 7d avg +0.014%

Together, before fees−0.064%+ Points / potential airdropExtended: Active · tradeXYZ: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and tradeXYZ is 0.075% cheaper against Extended than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.014%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WTI-USD	93.700	0.0032	pay 0.0004% / 1h	24m 25s	$2.0M	$15.5M	10x
Short	tradeXYZ xyz:CL	93.643	−0.0077	pay 0.0010% / 1h	24m 25s	$185.2M	$205.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.061%Rate

Funding earned: −$22.88
Price spread: −0.061% → +0.014%: −$7.51
Slippage, 4 orders: −$1.35
Fee Extended: 2.5 bp × 2 orders: −$5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$54.73
Costs to cover: 0.243%
Break-even: never at this rate

Slippage from Extended: live order book, 5 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 Extended live order book, 5 min ago	0.05 bp	3.1 bp −$3	5.6 bp −$56	22.5 bp −$2,250	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-PERPETUAL	−0.0604%	1h	93.610	−0.096%	$196K	$383K	15x	as long as short
Aster CLUSD1	−0.0274%	4h	93.679	−0.022%	$24.6M	$65.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0262%	4h	93.658	−0.045%	$58K	$618K	25x	as long as short
Binance CLUSDT	−0.0148%	4h	93.655	−0.048%	$247.1M	$916.8M	100x	as long as short
Aftermath Perps WTIUSD	−0.0142%	1h	93.646	−0.058%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.656	−0.047%	$283K	$960K	25x	as long as short
Variational Omni CL	−0.0136%	4h	93.629	−0.076%	$13.5M	$10.6M	—	as long as short
Ondo Perps WTI-USD.P	−0.0123%	1h	93.600	−0.107%	$3.5M	$5.3M	20x	as long as short
Gate CL_USDT	−0.0110%	8h	93.570	−0.139%	$22.5M	$49.5M	100x	as long as short
Bitget CLUSDT	−0.0104%	4h	93.627	−0.078%	$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	−0.061%	$185.2M	$205.0M	20x
Nado WTI-PERP	−0.0056%	1h	93.707	+0.008%	$966K	$620K	10x	as long as short
edgeX CLUSDC	−0.0037%	4h	93.643	−0.061%	$526K	$305K	30x	as long as short
QFEX CL-USD	−0.0023%	1h	93.640	−0.064%	$2.3M	$2.4M	10x	as long as short
OKX CL-USDT-SWAP	−0.0020%	4h	93.640	−0.064%	$43.0M	$101.8M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.213%	$404K	$916K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.649	−0.055%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.650	−0.053%	$26.9M	$79.0M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.701	+0.001%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.730	+0.032%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.644	−0.060%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.189	−0.545%	$5K	—	150x	as long as short
Lighter WTI	+0.0016%	1h	93.642	−0.062%	$11.3M	$9.6M	20x	as long as short
Paradex CL-USD-PERP	+0.0022%	8h	93.624	−0.081%	$16K	$367	5x	as long as short
Extended WTI-USDlong	+0.0032%	1h	93.700	long leg	$2.0M	$15.5M	10x
StandX CL-USD	+0.0040%	1h	93.680	−0.021%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.650	−0.053%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.643	−0.061%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.643	−0.061%	$2.1M	$61K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.643	−0.061%	$333K	$574K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.683	−0.018%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.750	+0.053%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.612	−0.094%	$4K	—	10x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.97	+9.896%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0221%	4h	93.640	−0.064%	$4.0M	$971K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0247% / S −0.0181%	1h	93.645	−0.059%	$84K	—	111x	as long as short