CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0058%/8h= −6.4% APRnext payment −$0.29 per $10,000 · paid last 24h −0.021%

Price spread now: Variational Omni against OKX−0.007%7-day average −0.026% · you buy dearer than you sell

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.002%$0 on $10k

Price spread, last 7 days−0.004%$0 · spread now −0.007%, 7d avg −0.026%

Together, before fees−0.005%+ Points / potential airdropVariational Omni: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.026%, 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	OKX CL-USDT-SWAP	93.060	−0.0078	get 0.0039% / 4h	10m 37s	$42.7M	$102.8M	50x
Short	Variational Omni CL	93.053	−0.0136	pay 0.0068% / 4h	10m 37s	$13.5M	$10.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.007%Rate

Funding earned: −$12.2
Price spread: −0.007% → −0.026%: $1.91
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$20.3
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 3 min ago; Variational Omni: RFQ quote, 4 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 OKX live order book, 3 min ago	0.54 bp	5.5 bp −$6	6.6 bp −$66	13.0 bp −$1,297	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.27 bp	doesn't fit	3.5 bp −$35	8.0 bp −$802	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	−0.0287%	1h	93.040	−0.021%	$194K	$397K	15x	as long as short
Aster CLUSD1	−0.0267%	4h	93.110	+0.054%	$24.8M	$62.7M	20x	as long as short
GRVT CL_USDT_Perp	−0.0234%	4h	92.930	−0.140%	$77K	$622K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0210%	1h	93.077	+0.018%	$276K	$929K	25x	as long as short
Binance CLUSDT	−0.0147%	4h	93.080	+0.021%	$247.1M	$920.9M	100x	as long as short
Variational Omni CLshort	−0.0136%	4h	93.053	−0.007%	$13.5M	$10.6M	—
Gate CL_USDT	−0.0135%	8h	93.000	−0.064%	$23.1M	$50.5M	100x	as long as short
Bitget CLUSDT	−0.0112%	4h	93.064	+0.004%	$42.3M	$41.4M	100x	as long as short
Nado WTI-PERP	−0.0111%	1h	93.131	+0.077%	$954K	$614K	10x	as long as short
Aftermath Perps WTIUSD	−0.0100%	1h	93.008	−0.056%	$1K	$26K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAPlong	−0.0078%	4h	93.060	long leg	$42.7M	$102.8M	50x
QFEX CL-USD	−0.0038%	1h	93.060	0.000%	$2.3M	$2.4M	10x	as long as short
edgeX CLUSDC	−0.0021%	4h	93.014	−0.049%	$523K	$306K	30x	as long as short
tradeXYZ xyz:CL	−0.0018%	1h	93.084	+0.026%	$184.3M	$198.1M	20x	as long as short
Lighter WTI	−0.0016%	1h	93.062	+0.002%	$11.2M	$9.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.516%	$405K	$810K	15x	as long as short
Ondo Perps WTI-USD.P	−0.0008%	1h	93.040	−0.021%	$3.6M	$5.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.077	+0.018%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.090	+0.032%	$27.0M	$79.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.094	+0.037%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.950	−0.118%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.059	−0.001%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.604	−0.490%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0007%	8h	93.053	−0.007%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.090	+0.032%	$1.7M	$15.1M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.110	+0.054%	$738K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.070	+0.011%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.074	+0.015%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.060	0.000%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.083	+0.024%	$347K	$591K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.101	+0.044%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.950	−0.118%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.037	−0.024%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0160%	4h	93.040	−0.021%	$4.1M	$983K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.751%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0259% / S −0.0206%	1h	93.065	+0.005%	$83K	—	111x	as long as short