CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0131%/8h= −14.4% APRnext payment −$0.66 per $10,000 · paid last 24h −0.024%

Price spread now: Binance against OKX−0.017%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$220.221% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 7 days+0.013%+$1 · spread now −0.017%, 7d avg +0.009%

Together, before fees+0.010%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.026% cheaper against OKX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CL-USDT-SWAP	93.610	−0.0014	get 0.0007% / 4h	1h 41m	$42.6M	$101.8M	50x
Short	Binance CLUSDT	93.594	−0.0145	pay 0.0073% / 4h	1h 41m	$246.3M	$924.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.017%Rate

Funding earned: −$27.61
Price spread: −0.017% → +0.009%: −$2.57
Slippage, 4 orders: −$2.14
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$52.32
Costs to cover: 0.221%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Binance: live order book, 2 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 OKX live order book, 2 min ago	0.53 bp	5.5 bp −$6	6.3 bp −$63	13.1 bp −$1,315	doesn't fit
Sell Binance live order book, 2 min ago	0.53 bp	5.5 bp −$6	5.5 bp −$55	8.0 bp −$798	18.3 bp −$9,133

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	−0.0498%	1h	93.570	−0.043%	$196K	$381K	15x	as long as short
Aster CLUSD1	−0.0261%	4h	93.630	+0.021%	$24.5M	$65.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0244%	4h	93.620	+0.011%	$58K	$629K	25x	as long as short
Binance CLUSDTshort	−0.0145%	4h	93.594	−0.017%	$246.3M	$924.8M	100x
Aftermath Perps WTIUSD	−0.0140%	1h	93.627	+0.018%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.617	+0.008%	$286K	$956K	25x	as long as short
Variational Omni CL	−0.0135%	4h	93.599	−0.012%	$13.5M	$10.7M	—	as long as short
Bitget CLUSDT	−0.0102%	4h	93.606	−0.004%	$42.2M	$42.4M	100x	as long as short
Gate CL_USDT	−0.0098%	8h	93.510	−0.107%	$22.3M	$48.7M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0086%	1h	93.540	−0.075%	$3.5M	$5.4M	20x	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	−0.0058%	1h	93.625	+0.016%	$185.0M	$211.0M	20x	as long as short
edgeX CLUSDC	−0.0055%	4h	93.649	+0.042%	$526K	$307K	30x	as long as short
Nado WTI-PERP	−0.0037%	1h	93.692	+0.088%	$966K	$627K	10x	as long as short
QFEX CL-USD	−0.0023%	1h	93.590	−0.021%	$2.3M	$2.5M	10x	as long as short
OKX CL-USDT-SWAPlong	−0.0014%	4h	93.610	long leg	$42.6M	$101.8M	50x
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.118%	$404K	$931K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.651	+0.044%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.604	−0.006%	$27.0M	$79.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.639	+0.032%	$3.1M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.640	+0.032%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.627	+0.018%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.181	−0.458%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0029%	8h	93.589	−0.022%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.589	−0.022%	$11.3M	$9.6M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.630	+0.021%	$2.0M	$16.1M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.680	+0.075%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.640	+0.032%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.595	−0.016%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.621	+0.012%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.594	−0.017%	$333K	$576K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.633	+0.025%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.680	+0.075%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.583	−0.029%	$4K	—	10x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.74	+9.758%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0226%	4h	93.640	+0.032%	$4.0M	$978K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0246% / S −0.0179%	1h	93.615	+0.005%	$84K	—	111x	as long as short