Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.022%
Price spread now: Phoenix against Pacifica+0.082%107s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.064%+$6 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Phoenix is 0.082% dearer against Pacifica than usual: you sell high and buy low (spread +0.082% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.7 days. Mind the row above: over the last 7 days funding on this pair paid +0.064%, so the current rate has only just turned against you. The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica CL | 93.653 | 0.0100 | pay 0.0013% / 1h | 47m 35s | $333K | $576K | 10x |
| Short | Phoenix WTIOIL | 93.730 | 0 | get 0.0000% / 1h | 47m 35s | $38K | $39K | 20x |
Pacifica CL
Phoenix WTIOILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Pacifica. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: +0.082% → 0.000%
- $8.22
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$27.78
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Pacifica: live order book, 61 min ago; 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 Pacifica live order book, 61 min ago | 1.29 bp | 6.2 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit WTIOIL_USDC-PERPETUAL | −0.0390% | 1h | 93.650 | −0.003% | $197K | $380K | 15x | as long as short |
| Aster CLUSD1 | −0.0260% | 4h | 93.701 | +0.052% | $24.5M | $65.2M | 20x | as long as short |
| GRVT CL_USDT_Perp | −0.0248% | 4h | 93.618 | −0.037% | $58K | $629K | 25x | as long as short |
| Binance CLUSDT | −0.0148% | 4h | 93.650 | −0.003% | $246.5M | $927.8M | 100x | as long as short |
| Aftermath Perps WTIUSD | −0.0143% | 1h | 93.643 | −0.010% | $2K | $26K | 5x | as long as short |
| Variational Omni CL | −0.0143% | 4h | 93.640 | −0.014% | $13.5M | $10.7M | — | as long as short |
| Kraken Futures PF_WTIOILUSD | −0.0137% | 1h | 93.674 | +0.023% | $286K | $953K | 25x | as long as short |
| Bitget CLUSDT | −0.0104% | 4h | 93.636 | −0.018% | $42.2M | $42.6M | 100x | as long as short |
| Gate CL_USDT | −0.0093% | 8h | 93.580 | −0.078% | $22.2M | $48.5M | 100x | as long as short |
| Ondo Perps WTI-USD.P | −0.0059% | 1h | 93.670 | +0.018% | $3.5M | $5.4M | 20x | as long as short |
Deribit WTIOIL_USDC-PERPETUAL
Aster CLUSD1
GRVT CL_USDT_Perp
Binance CLUSDT
Aftermath Perps WTIUSD
Variational Omni CL
Kraken Futures PF_WTIOILUSD
Bitget CLUSDT
Gate CL_USDT
Ondo Perps WTI-USD.PShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CL | −0.0044% | 1h | 93.648 | −0.005% | $185.0M | $210.9M | 20x | as long as short |
| edgeX CLUSDC | −0.0031% | 4h | 93.692 | +0.042% | $527K | $306K | 30x | as long as short |
| QFEX CL-USD | −0.0023% | 1h | 93.640 | −0.014% | $2.3M | $2.5M | 10x | as long as short |
| Nado WTI-PERP | −0.0022% | 1h | 93.733 | +0.085% | $966K | $629K | 10x | as long as short |
| OKX CL-USDT-SWAP | −0.0018% | 4h | 93.640 | −0.014% | $42.7M | $102.1M | 50x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | −0.0008% | 1h | 93.500 | −0.163% | $404K | $931K | 15x | as long as short |
| dYdX WTI-USD | 0.0000% | 1h | 93.734 | +0.086% | $8K | $3K | 5x | as long as short |
| Bybit CLUSDT | 0.0000% | 8h | 93.678 | +0.027% | $27.3M | $79.6M | 150x | as long as short |
| RISEx CL/USDC | 0.0000% | 1h | 93.711 | +0.062% | $3.1M | $2.8M | 20x | as long as short |
| Phoenix WTIOILshort | 0.0000% | 1h | 93.730 | +0.082% | $38K | $39K | 20x | |
| Bullet WTIOIL-USD | 0.0000% | 1h | 93.680 | +0.029% | $18K | $239K | 10x | as long as short |
| gTrade (Gains Network) WTI/USD | L 0.0000% / S +0.0036% | 1h | 93.206 | −0.477% | $5K | — | 150x | as long as short |
| Paradex CL-USD-PERP | +0.0029% | 8h | 93.644 | −0.010% | $16K | $367 | 5x | as long as short |
| Lighter WTI | +0.0032% | 1h | 93.651 | −0.002% | $11.3M | $9.6M | 20x | as long as short |
| Extended WTI-USD | +0.0032% | 1h | 93.690 | +0.040% | $2.0M | $16.1M | 10x | as long as short |
| StandX CL-USD | +0.0040% | 1h | 93.690 | +0.040% | $742K | $2.8M | 40x | as long as short |
| Vest CL-PERP | +0.0046% | 1h | 93.690 | +0.040% | — | $313K | 10x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.0050% | 1h | 93.680 | +0.029% | $1.7M | $1.3M | 20x | as long as short |
| SoDEX CL-USD | +0.0050% | 1h | 93.670 | +0.018% | $2.1M | $60K | 20x | as long as short |
| Pacifica CLlong | +0.0100% | 1h | 93.653 | long leg | $333K | $576K | 10x | |
| KuCoin CLUSDTM | +0.0100% | 4h | 93.664 | +0.012% | $7.1M | $2.4M | 50x | as long as short |
| ApeX Omni CLUSDT | +0.0100% | 1h | 93.760 | +0.114% | $54K | $266K | 50x | as long as short |
| Aevo WTIOIL-PERP | +0.0104% | 1h | 93.655 | +0.002% | $4K | — | 10x | as long as short |
| BloFin CL-USDT | +0.0218% | 4h | 93.730 | +0.082% | $4.0M | $981K | 50x | as long as short |
| Injective WTI/USDC PERP | +0.0220% | 1h | 102.74 | +9.707% | $19K | $11K | 30x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | L +0.0244% / S −0.0178% | 1h | 93.665 | +0.013% | $84K | — | 111x | as long as short |
tradeXYZ xyz:CL
edgeX CLUSDC
QFEX CL-USD
Nado WTI-PERP
OKX CL-USDT-SWAP
Coinbase International WTIOIL-PERP-INTX
dYdX WTI-USD
Bybit CLUSDT
RISEx CL/USDC
Bullet WTIOIL-USD
gTrade (Gains Network) WTI/USD
Paradex CL-USD-PERP
Lighter WTI
Extended WTI-USD
StandX CL-USD
Vest CL-PERP
Polymarket Perps WTIOIL-USD
SoDEX CL-USD
KuCoin CLUSDTM
ApeX Omni CLUSDT
Aevo WTIOIL-PERP
BloFin CL-USDT
Injective WTI/USDC PERP
GMX WTIOIL/USD [ETH-USDC]