CL

Alert

Funding spread now, next payment 15:00 UTC−0.0018%/8h

next payment, per $10,000−$0.02paid, last 24h+0.115%paid, last 3 days+0.342%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix WTIOIL	92.120	0	get 0.0000% / 1h	34m 09s	$36K	$268K	20x
Short	GMX WTIOIL/USD [ETH-USDC]	92.245	L +0.0134% / S +0.0018%	pay 0.0002% / 1h	34m 09s	$78K	—	111x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee GMXbpOrdersRate

Funding earned: −$3.88
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: −$22.88
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 45 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.136%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 live order book, 45 min ago	3.27 bp	10.0 bp −$10	20.1 bp −$201	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0089%	8h	$21.3M	$56.9M	100x	as long as short
Nado WTI-PERP	−0.0079%	1h	$795K	$734K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0075%	1h	$97K	$454K	15x	as long as short
edgeX CLUSDC	−0.0069%	4h	$529K	$320K	30x	as long as short
Aftermath Perps WTIUSD	−0.0063%	1h	$2K	$36K	5x	as long as short
QFEX CL-USD	−0.0011%	1h	$2.3M	$2.8M	10x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0001%	1h	$292K	$1.2M	25x	as long as short
Aster CLUSD1	0.0000%	4h	$24.8M	$61.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	$6K	$126	5x	as long as short
Binance CLUSDT	0.0000%	4h	$248.6M	$916.8M	100x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit CLUSDT	0.0000%	8h	$24.9M	$84.2M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	$44.1M	$99.4M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	$3.1M	$2.0M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	$43.1M	$56.9M	100x	as long as short
Variational Omni CL	0.0000%	4h	$12.7M	$17.4M	—	as long as short
Phoenix WTIOILlong	0.0000%	1h	$36K	$268K	20x
Bullet WTIOIL-USD	0.0000%	1h	$18K	$246K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	$4K	—	150x	as long as short
Ondo Perps WTI-USD.P	+0.0017%	1h	$3.4M	$5.1M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0024%	1h	$376K	$928K	15x	as long as short
Lighter WTI	+0.0032%	1h	$11.0M	$11.7M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	$1.9M	$30.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	$728K	$1.9M	40x	as long as short
Paradex CL-USD-PERP	+0.0043%	8h	$15K	—	5x	as long as short
Vest CL-PERP	+0.0046%	1h	—	$86K	10x	as long as short
tradeXYZ xyz:CL	+0.0046%	1h	$185.2M	$248.7M	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	$1.7M	$1.5M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	$2.0M	$22K	20x	as long as short
Pacifica CL	+0.0100%	1h	$349K	$318K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	$7.4M	$801K	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	$56K	$271K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	$4K	$49	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]short	L +0.0134% / S +0.0018%	1h	$78K	—	111x
Injective WTI/USDC PERP	+0.0220%	1h	$18K	$32K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	$4.3M	$1.4M	50x	as long as short