CL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0611%/8h= −66.9% APRnext payment −$0.76 per $10,000 · paid last 24h −0.088%

Price spread now: Deribit against Injective−8.976%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Deribit is 8.976% cheaper against Injective than usual: you would sell low and buy high (−$898 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective WTI/USDC PERP	102.82	0.0220	pay 0.0028% / 1h	16m 25s	$19K	$11K	30x
Short	Deribit WTIOIL_USDC-PERPETUAL	93.590	−0.0391	pay 0.0049% / 1h	16m 25s	$196K	$385K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Injective. 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 InjectivebpFee DeribitbpOrdersPrice spread, now −8.976%Rate

Funding earned: −$128.24
Price spread: −8.976% → 0.000%: −$897.6
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$1,032.86
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Deribit: live order book, 27 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Deribit live order book, 27 min ago	0.53 bp	4.0 bp −$4	5.7 bp −$57	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-PERPETUALshort	−0.0391%	1h	93.590	−8.976%	$196K	$385K	15x
Aster CLUSD1	−0.0284%	4h	93.596	−8.971%	$24.6M	$65.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0278%	4h	93.509	−9.054%	$58K	$618K	25x	as long as short
Binance CLUSDT	−0.0153%	4h	93.565	−9.000%	$246.9M	$917.6M	100x	as long as short
Aftermath Perps WTIUSD	−0.0139%	1h	93.592	−8.974%	$2K	$26K	5x	as long as short
Variational Omni CL	−0.0139%	4h	93.559	−9.006%	$13.5M	$10.6M	—	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.606	−8.960%	$282K	$962K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0130%	1h	93.520	−9.044%	$3.5M	$5.3M	20x	as long as short
Gate CL_USDT	−0.0118%	8h	93.470	−9.093%	$22.6M	$50.0M	100x	as long as short
Bitget CLUSDT	−0.0114%	4h	93.545	−9.020%	$42.3M	$42.1M	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:CL	−0.0079%	1h	93.561	−9.004%	$184.9M	$205.1M	20x	as long as short
Nado WTI-PERP	−0.0057%	1h	93.608	−8.958%	$965K	$619K	10x	as long as short
OKX CL-USDT-SWAP	−0.0037%	4h	93.540	−9.025%	$42.9M	$101.9M	50x	as long as short
QFEX CL-USD	−0.0023%	1h	93.560	−9.005%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−9.063%	$404K	$916K	15x	as long as short
edgeX CLUSDC	0.0000%	4h	93.551	−9.014%	$526K	$306K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.562	−9.003%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.570	−8.995%	$26.8M	$79.0M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.599	−8.967%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.620	−8.947%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.568	−8.997%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.141	−9.413%	$5K	—	150x	as long as short
Lighter WTI	+0.0008%	1h	93.578	−8.988%	$11.3M	$9.7M	20x	as long as short
Paradex CL-USD-PERP	+0.0016%	8h	93.554	−9.011%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.600	−8.966%	$2.0M	$15.3M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.620	−8.947%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.570	−8.995%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.556	−9.009%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.602	−8.964%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.579	−8.986%	$333K	$573K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.583	−8.983%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.660	−8.908%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.571	−8.994%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0207%	4h	93.570	−8.995%	$4.0M	$970K	50x	as long as short
Injective WTI/USDC PERPlong	+0.0220%	1h	102.82	long leg	$19K	$11K	30x
GMX WTIOIL/USD [ETH-USDC]	L +0.0248% / S −0.0182%	1h	93.595	−8.971%	$84K	—	111x	as long as short