CL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0141%/8h= −15.4% APRnext payment −$0.18 per $10,000 · paid last 24h −0.020%

Price spread now: Aftermath Perps against Phoenix−0.037%63s7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 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 −$4 a day on $10k at the current rate, and Aftermath Perps is 0.037% cheaper against Phoenix than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 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	Phoenix WTIOIL	93.690	0	get 0.0000% / 1h	28m 05s	$37K	$39K	20x
Short	Aftermath Perps WTIUSD	93.656	−0.0141	pay 0.0018% / 1h	28m 05s	$2K	$26K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Phoenix. 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 PhoenixbpFee Aftermath PerpsbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$29.56
Price spread: −0.037% → 0.000%: −$3.65
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$49.22
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Aftermath Perps: 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 Phoenix no order-book sample	—	—	—	—	—
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Phoenix and Aftermath Perps: 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	−0.0604%	1h	93.600	−0.096%	$196K	$383K	15x	as long as short
Aster CLUSD1	−0.0271%	4h	93.687	−0.004%	$24.6M	$65.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0256%	4h	93.654	−0.039%	$58K	$618K	25x	as long as short
Binance CLUSDT	−0.0146%	4h	93.653	−0.039%	$247.2M	$917.4M	100x	as long as short
Aftermath Perps WTIUSDshort	−0.0141%	1h	93.656	−0.037%	$2K	$26K	5x
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.631	−0.063%	$283K	$960K	25x	as long as short
Variational Omni CL	−0.0135%	4h	93.659	−0.034%	$13.5M	$10.6M	—	as long as short
Ondo Perps WTI-USD.P	−0.0116%	1h	93.530	−0.171%	$3.5M	$5.4M	20x	as long as short
Gate CL_USDT	−0.0105%	8h	93.570	−0.128%	$22.5M	$49.3M	100x	as long as short
Bitget CLUSDT	−0.0100%	4h	93.649	−0.044%	$42.3M	$42.0M	100x	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	−0.0073%	1h	93.652	−0.041%	$185.2M	$207.0M	20x	as long as short
Nado WTI-PERP	−0.0053%	1h	93.661	−0.031%	$965K	$621K	10x	as long as short
edgeX CLUSDC	−0.0042%	4h	93.649	−0.043%	$526K	$307K	30x	as long as short
QFEX CL-USD	−0.0023%	1h	93.610	−0.085%	$2.3M	$2.5M	10x	as long as short
OKX CL-USDT-SWAP	−0.0016%	4h	93.630	−0.064%	$42.9M	$101.9M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.203%	$404K	$916K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.733	+0.046%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.650	−0.043%	$27.0M	$78.9M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.656	−0.036%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOILlong	0.0000%	1h	93.690	long leg	$37K	$39K	20x
Bullet WTIOIL-USD	0.0000%	1h	93.615	−0.080%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.182	−0.542%	$5K	—	150x	as long as short
Lighter WTI	+0.0016%	1h	93.658	−0.034%	$11.3M	$9.6M	20x	as long as short
Paradex CL-USD-PERP	+0.0024%	8h	93.595	−0.102%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.670	−0.021%	$2.0M	$15.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.680	−0.011%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.630	−0.064%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.607	−0.089%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.632	−0.062%	$2.1M	$61K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.600	−0.096%	$333K	$574K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.654	−0.038%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.690	0.000%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.601	−0.095%	$4K	—	10x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.97	+9.908%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0226%	4h	93.600	−0.096%	$4.0M	$977K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0246% / S −0.0180%	1h	93.655	−0.037%	$84K	—	111x	as long as short