CL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0220%/8h= +24.1% APRnext payment +$0.28 per $10,000 · paid last 24h +0.042%

Price spread now: Injective against Phoenix+9.811%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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 for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 9.811% dearer against Phoenix than usual: you sell high and buy low: +$981 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix WTIOIL	92.920	0	get 0.0000% / 1h	16m 44s	$37K	$51K	20x
Short	Injective WTI/USDC PERP	102.04	0.0220	get 0.0028% / 1h	16m 44s	$19K	$11K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +9.811%Rate

Funding earned: $46.2
Price spread: +9.811% → 0.000%: $981.06
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,020.24
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Phoenix: no order-book sample; Injective: 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 Injective no order-book sample	—	—	—	—	—

Phoenix and Injective: 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: 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	−0.0503%	1h	92.840	−0.086%	$198K	$365K	15x	as long as short
Aster CLUSD1	−0.0289%	4h	92.970	+0.054%	$24.0M	$72.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0258%	4h	92.840	−0.086%	$53K	$631K	25x	as long as short
Variational Omni CL	−0.0250%	4h	92.718	−0.218%	$13.3M	$11.0M	—	as long as short
Binance CLUSDT	−0.0247%	4h	92.940	+0.022%	$244.7M	$977.4M	100x	as long as short
Gate CL_USDT	−0.0113%	8h	92.900	−0.022%	$20.9M	$53.9M	100x	as long as short
Nado WTI-PERP	−0.0068%	1h	92.989	+0.074%	$965K	$675K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.183%	$402K	$946K	15x	as long as short
tradeXYZ xyz:CL	−0.0047%	1h	92.934	+0.015%	$184.7M	$220.5M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.938	+0.019%	$274K	$884K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps WTI-USD.P	−0.0038%	1h	92.880	−0.043%	$3.5M	$5.7M	20x	as long as short
QFEX CL-USD	−0.0033%	1h	92.890	−0.032%	$2.5M	$1.7M	10x	as long as short
OKX CL-USDT-SWAP	−0.0018%	4h	92.950	+0.032%	$42.9M	$105.0M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.911	−0.009%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.970	+0.054%	$26.9M	$82.1M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.933	+0.014%	$42.0M	$44.1M	100x	as long as short
Phoenix WTIOILlong	0.0000%	1h	92.920	long leg	$37K	$51K	20x
Bullet WTIOIL-USD	0.0000%	1h	92.894	−0.028%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.417	−0.541%	$5K	—	150x	as long as short
Aftermath Perps WTIUSD	+0.0013%	1h	92.836	−0.090%	$2K	$28K	5x	as long as short
Paradex CL-USD-PERP	+0.0029%	8h	92.929	+0.010%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.934	+0.015%	$11.2M	$10.4M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.980	+0.065%	$2.1M	$24.3M	10x	as long as short
RISEx CL/USDC	+0.0037%	1h	93.041	+0.130%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.430	−0.527%	$726K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.900	−0.022%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.899	−0.023%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.895	−0.027%	$2.1M	$61K	20x	as long as short
edgeX CLUSDC	+0.0061%	4h	92.816	−0.112%	$528K	$303K	30x	as long as short
KuCoin CLUSDTM	+0.0076%	4h	92.953	+0.036%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.952	+0.034%	$332K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.840	−0.086%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.866	−0.058%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.885	−0.038%	$78K	—	111x	as long as short
Injective WTI/USDC PERPshort	+0.0220%	1h	102.04	+9.811%	$19K	$11K	30x