CL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.40 per $10,000 · paid last 24h −0.032%

Price spread now: Bitget against KuCoin−0.028%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.259%−$26 on $10k

Price spread, last 7 days−0.043%−$4 · spread now −0.028%, 7d avg −0.012%

Together, before fees−0.303%−$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CLUSDTM	93.105	−0.0014	get 0.0007% / 4h	35m 38s	$7.1M	$2.4M	50x
Short	Bitget CLUSDT	93.079	−0.0094	pay 0.0047% / 4h	35m 38s	$41.9M	$43.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$16.8
Price spread: −0.028% → −0.012%: −$1.6
Slippage, 4 orders: −$8.14
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$50.55
Costs to cover: 0.321%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Bitget: 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 KuCoin live order book, 2 min ago	1.88 bp	9.7 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.05 bp	6.1 bp −$6	8.4 bp −$84	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	93.090	−0.016%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0252%	4h	93.090	−0.016%	$24.0M	$67.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0242%	4h	93.158	+0.056%	$64K	$648K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0195%	1h	93.145	+0.042%	$274K	$872K	25x	as long as short
Binance CLUSDT	−0.0194%	4h	93.094	−0.012%	$244.7M	$951.9M	100x	as long as short
Variational Omni CL	−0.0187%	4h	93.099	−0.007%	$13.5M	$10.9M	—	as long as short
Ondo Perps WTI-USD.P	−0.0118%	1h	93.060	−0.048%	$3.5M	$5.6M	20x	as long as short
tradeXYZ xyz:CL	−0.0111%	1h	93.084	−0.023%	$184.9M	$215.6M	20x	as long as short
Aftermath Perps WTIUSD	−0.0096%	1h	93.111	+0.007%	$2K	$27K	5x	as long as short
Bitget CLUSDTshort	−0.0094%	4h	93.079	−0.028%	$41.9M	$43.9M	100x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0070%	4h	93.100	−0.005%	$42.6M	$102.8M	50x	as long as short
Gate CL_USDT	−0.0054%	8h	93.040	−0.070%	$20.9M	$51.6M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.381%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0043%	1h	93.090	−0.016%	$2.5M	$1.7M	10x	as long as short
edgeX CLUSDC	−0.0037%	4h	93.129	+0.026%	$530K	$300K	30x	as long as short
Nado WTI-PERP	−0.0035%	1h	93.164	+0.064%	$963K	$653K	10x	as long as short
Lighter WTI	−0.0016%	1h	93.092	−0.014%	$11.2M	$10.5M	20x	as long as short
KuCoin CLUSDTMlong	−0.0014%	4h	93.105	long leg	$7.1M	$2.4M	50x
dYdX WTI-USD	0.0000%	1h	93.113	+0.009%	$8K	$3K	5x	as long as short
Extended WTI-USD	0.0000%	1h	93.130	+0.027%	$2.0M	$21.1M	10x	as long as short
Bybit CLUSDT	0.0000%	8h	93.090	−0.016%	$26.7M	$80.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.164	+0.063%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.130	+0.027%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.118	+0.014%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.679	−0.458%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0012%	8h	93.073	−0.034%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	93.140	+0.038%	$735K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.130	+0.027%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.117	+0.013%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.115	+0.011%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	93.091	−0.015%	$329K	$621K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.100	−0.005%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.077	−0.030%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0171%	4h	93.100	−0.005%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0213% / S −0.0140%	1h	93.115	+0.011%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.19	+9.754%	$19K	$11K	30x	as long as short