CL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h −0.006%

Price spread now: Binance against gTrade (Gains Network)+0.475%7-day average +0.355% · 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−$267as in the Price arb table

costs, in and out, $10k−$2792.791% of the position

Long on gTrade (Gains Network)Short on Binance

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)−0.006%−$1 on $10k

Price spread, last 1 day (all we have)−0.079%−$8 · spread now +0.475%, 7d avg +0.355%

Together, before fees−0.085%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.120% dearer against gTrade (Gains Network) than usual: you sell high and buy low (spread +0.475% now, against its 7-day average of +0.355%): +$12 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 1 day (−0.006% in total) that is about 22 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WTI/USD	91.691	L 0.0000% / S +0.0036%	pay 0.0000% / 1h	36m 21s	$5K	—	150x
Short	Binance CLUSDT	92.126	−0.0164	pay 0.0082% / 4h	36m 21s	$245.0M	$1.10B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BinancebpOrdersPrice spread, now +0.475%Rate

Funding earned: −$34.45
Price spread: +0.475% → +0.355%: $12
Slippage, 4 orders: −$261.11
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$301.55
Costs to cover: 2.791%
Break-even: never at this rate

Slippage from gTrade (Gains Network): virtual book (oracle venue), 73 min ago; Binance: live order book, 8 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 gTrade (Gains Network) virtual book (oracle venue), 73 min ago	130.01 bp	134.0 bp −$134	499.7 bp −$4,997	4168.8 bp −$416.9K	17636.6 bp −$8.82M
Sell Binance live order book, 8 min ago	0.54 bp	5.5 bp −$6	5.9 bp −$59	9.0 bp −$901	23.4 bp −$11.7K

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
Kraken Futures PF_WTIOILUSD	−0.0450%	1h	92.162	+0.514%	$274K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0314%	4h	92.040	+0.381%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0242%	4h	92.148	+0.499%	$23.9M	$77.5M	20x	as long as short
Binance CLUSDTshort	−0.0164%	4h	92.126	+0.475%	$245.0M	$1.10B	100x
Nado WTI-PERP	−0.0163%	1h	92.196	+0.551%	$924K	$740K	10x	as long as short
Variational Omni CL	−0.0145%	4h	92.124	+0.473%	$13.4M	$12.4M	—	as long as short
Lighter WTI	−0.0104%	1h	92.140	+0.490%	$11.2M	$10.9M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0096%	1h	92.130	+0.479%	$3.5M	$6.4M	20x	as long as short
Paradex CL-USD-PERP	−0.0093%	8h	92.110	+0.457%	$15K	$367	5x	as long as short
tradeXYZ xyz:CL	−0.0075%	1h	92.150	+0.501%	$187.0M	$274.8M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0054%	1h	92.120	+0.468%	$2.4M	$2.6M	10x	as long as short
Bullet WTIOIL-USD	−0.0036%	1h	92.134	+0.483%	$18K	$241K	10x	as long as short
Gate CL_USDT	−0.0029%	8h	92.070	+0.413%	$21.3M	$57.7M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.150	+0.501%	$333K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.196	+0.551%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.145	+0.495%	$25.6M	$94.4M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.130	+0.479%	$43.0M	$112.9M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.249	+0.609%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.110	+0.457%	$42.0M	$51.7M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.120	+0.468%	$37K	$101K	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	92.150	+0.501%	$96K	$189K	15x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	+0.370%	$399K	$966K	15x	as long as short
gTrade (Gains Network) WTI/USDlong	L 0.0000% / S +0.0036%	1h	91.691	long leg	$5K	—	150x
Extended WTI-USD	+0.0008%	1h	92.175	+0.528%	$2.0M	$27.4M	10x	as long as short
edgeX CLUSDC	+0.0035%	4h	92.111	+0.458%	$530K	$332K	30x	as long as short
StandX CL-USD	+0.0040%	1h	92.130	+0.479%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.180	+0.533%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.132	+0.481%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.125	+0.473%	$2.0M	$39K	20x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.176	+0.529%	$7.1M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.170	+0.522%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.111	+0.458%	$4K	—	10x	as long as short
Aftermath Perps WTIUSD	+0.0112%	1h	92.162	+0.513%	$2K	$29K	5x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.115	+0.462%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.18	+10.350%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.150	+0.501%	$4.0M	$1.4M	50x	as long as short