CL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0220%/8h= −24.1% APRnext payment −$0.28 per $10,000 · paid last 24h −0.043%

Price spread now: Phoenix against Injective−8.801%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 Phoenix

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 −$7 a day on $10k at the current rate, and Phoenix is 8.801% cheaper against Injective than usual: you would sell low and buy high (−$880 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	101.69	0.0220	pay 0.0028% / 1h	1m 03s	$19K	$11K	30x
Short	Phoenix WTIOIL	92.740	0	get 0.0000% / 1h	1m 03s	$37K	$66K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −8.801%Rate

Funding earned: −$46.2
Price spread: −8.801% → 0.000%: −$880.13
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$933.35
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Phoenix: no order-book sample. 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 Phoenix no order-book sample	—	—	—	—	—

Injective and Phoenix: 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
GRVT CL_USDT_Perp	−0.0346%	4h	92.649	−8.891%	$58K	$630K	25x	as long as short
Aster CLUSD1	−0.0338%	4h	92.684	−8.856%	$23.9M	$75.0M	20x	as long as short
Binance CLUSDT	−0.0284%	4h	92.680	−8.860%	$244.5M	$1.02B	100x	as long as short
Variational Omni CL	−0.0273%	4h	92.659	−8.881%	$13.3M	$11.4M	—	as long as short
Gate CL_USDT	−0.0189%	8h	92.610	−8.929%	$21.3M	$55.6M	100x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0181%	1h	92.670	−8.870%	$123K	$274K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.695	−8.846%	$275K	$912K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0053%	1h	92.670	−8.870%	$3.5M	$5.9M	20x	as long as short
Nado WTI-PERP	−0.0051%	1h	92.717	−8.823%	$935K	$701K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−9.499%	$399K	$956K	15x	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	−0.0040%	1h	92.650	−8.890%	$2.4M	$1.7M	10x	as long as short
tradeXYZ xyz:CL	−0.0031%	1h	92.682	−8.858%	$186.0M	$233.6M	20x	as long as short
OKX CL-USDT-SWAP	−0.0003%	4h	92.660	−8.880%	$42.9M	$108.5M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.742	−8.800%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.680	−8.860%	$26.4M	$87.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.783	−8.759%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.669	−8.871%	$42.1M	$47.9M	100x	as long as short
Phoenix WTIOILshort	0.0000%	1h	92.740	−8.801%	$37K	$66K	20x
Bullet WTIOIL-USD	0.0000%	1h	92.676	−8.865%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.220	−9.313%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	92.700	−8.841%	$2.3M	$25.5M	10x	as long as short
Paradex CL-USD-PERP	+0.0011%	8h	92.649	−8.891%	$15K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	92.674	−8.866%	$11.2M	$10.3M	20x	as long as short
edgeX CLUSDC	+0.0035%	4h	92.691	−8.849%	$533K	$300K	30x	as long as short
StandX CL-USD	+0.0040%	1h	92.360	−9.175%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.700	−8.841%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.678	−8.862%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.668	−8.872%	$2.1M	$59K	20x	as long as short
KuCoin CLUSDTM	+0.0078%	4h	92.678	−8.862%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.668	−8.872%	$354K	$605K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.780	−8.762%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.640	−8.899%	$4K	—	10x	as long as short
Aftermath Perps WTIUSD	+0.0118%	1h	92.701	−8.839%	$2K	$28K	5x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.675	−8.865%	$78K	—	111x	as long as short
Injective WTI/USDC PERPlong	+0.0220%	1h	101.69	long leg	$19K	$11K	30x
BloFin CL-USDT	+0.0238%	4h	92.660	−8.880%	$4.0M	$1.2M	50x	as long as short