Funding you earn now, next payment 05:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.009%
Price spread now: StandX against Phoenix−0.054%57s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.023%−$2 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. StandX is 0.054% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.054% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 4.5 days of funding at the current rate (+$1 a day). The two prices were read 57 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 | 93.390 | 0 | get 0.0000% / 1h | 44m 20s | $37K | $41K | 20x |
| Short | StandX CL-USD | 93.340 | 0.0040 | get 0.0005% / 1h | 44m 20s | $739K | $2.9M | 40x |
Phoenix WTIOIL
StandX CL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
StandX against Phoenix. 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
- $8.4
- Price spread: −0.054% → 0.000%
- −$5.35
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee StandX: 4 bp × 2 orders
- −$8
- Net
- −$11.95
- Costs to cover
- 0.150%
- Break-even
- 17.0 days
Slippage unknown: Phoenix: no order-book sample; StandX: live order book, 5 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell StandX live order book, 5 min ago | 4.28 bp | 8.3 bp −$8 | 11.4 bp −$114 | doesn't fit | doesn't fit |
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 | −0.0607% | 1h | 93.320 | −0.075% | $197K | $372K | 15x | as long as short |
| GRVT CL_USDT_Perp | −0.0344% | 4h | 93.337 | −0.057% | $58K | $649K | 25x | as long as short |
| Aster CLUSD1 | −0.0301% | 4h | 93.371 | −0.021% | $24.4M | $66.4M | 20x | as long as short |
| Kraken Futures PF_WTIOILUSD | −0.0204% | 1h | 93.371 | −0.020% | $283K | $961K | 25x | as long as short |
| Binance CLUSDT | −0.0195% | 4h | 93.350 | −0.043% | $246.6M | $934.6M | 100x | as long as short |
| Variational Omni CL | −0.0184% | 4h | 93.329 | −0.066% | $13.3M | $10.9M | — | as long as short |
| Aftermath Perps WTIUSD | −0.0142% | 1h | 93.325 | −0.069% | $2K | $26K | 5x | as long as short |
| Ondo Perps WTI-USD.P | −0.0137% | 1h | 93.310 | −0.086% | $3.5M | $5.4M | 20x | as long as short |
| Bitget CLUSDT | −0.0134% | 4h | 93.337 | −0.057% | $42.1M | $43.0M | 100x | as long as short |
| Nado WTI-PERP | −0.0127% | 1h | 93.405 | +0.016% | $967K | $619K | 10x | as long as short |
Deribit WTIOIL_USDC-PERPETUAL
GRVT CL_USDT_Perp
Aster CLUSD1
Kraken Futures PF_WTIOILUSD
Binance CLUSDT
Variational Omni CL
Aftermath Perps WTIUSD
Ondo Perps WTI-USD.P
Bitget CLUSDT
Nado WTI-PERPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate CL_USDT | −0.0071% | 8h | 93.300 | −0.096% | $21.6M | $49.3M | 100x | as long as short |
| tradeXYZ xyz:CL | −0.0069% | 1h | 93.362 | −0.030% | $184.5M | $215.5M | 20x | as long as short |
| OKX CL-USDT-SWAP | −0.0066% | 4h | 93.360 | −0.032% | $42.6M | $102.6M | 50x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | −0.0040% | 1h | 93.160 | −0.246% | $403K | $929K | 15x | as long as short |
| QFEX CL-USD | −0.0032% | 1h | 93.350 | −0.043% | $2.3M | $2.2M | 10x | as long as short |
| Paradex CL-USD-PERP | −0.0008% | 8h | 93.340 | −0.054% | $16K | $367 | 5x | as long as short |
| edgeX CLUSDC | −0.0005% | 4h | 93.349 | −0.044% | $525K | $307K | 30x | as long as short |
| Lighter WTI | 0.0000% | 1h | 93.351 | −0.042% | $11.2M | $9.9M | 20x | as long as short |
| dYdX WTI-USD | 0.0000% | 1h | 93.329 | −0.065% | $8K | $3K | 5x | as long as short |
| Bybit CLUSDT | 0.0000% | 8h | 93.365 | −0.027% | $27.1M | $79.8M | 150x | as long as short |
| RISEx CL/USDC | 0.0000% | 1h | 93.419 | +0.031% | $3.1M | $2.9M | 20x | as long as short |
| Phoenix WTIOILlong | 0.0000% | 1h | 93.390 | long leg | $37K | $41K | 20x | |
| Bullet WTIOIL-USD | 0.0000% | 1h | 93.366 | −0.026% | $18K | $240K | 10x | as long as short |
| gTrade (Gains Network) WTI/USD | L 0.0000% / S +0.0036% | 1h | 92.894 | −0.531% | $5K | — | 150x | as long as short |
| Extended WTI-USD | +0.0032% | 1h | 93.380 | −0.011% | $2.0M | $17.8M | 10x | as long as short |
| KuCoin CLUSDTM | +0.0040% | 4h | 93.382 | −0.009% | $7.1M | $2.4M | 50x | as long as short |
| StandX CL-USDshort | +0.0040% | 1h | 93.340 | −0.054% | $739K | $2.9M | 40x | |
| Vest CL-PERP | +0.0046% | 1h | 93.370 | −0.021% | — | $313K | 10x | as long as short |
| Pacifica CL | +0.0047% | 1h | 93.353 | −0.040% | $332K | $576K | 10x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.0050% | 1h | 93.357 | −0.035% | $1.7M | $1.3M | 20x | as long as short |
| SoDEX CL-USD | +0.0050% | 1h | 93.347 | −0.046% | $2.1M | $60K | 20x | as long as short |
| ApeX Omni CLUSDT | +0.0100% | 1h | 93.360 | −0.032% | $54K | $267K | 50x | as long as short |
| Aevo WTIOIL-PERP | +0.0104% | 1h | 93.315 | −0.081% | $4K | — | 10x | as long as short |
| BloFin CL-USDT | +0.0174% | 4h | 93.340 | −0.054% | $4.0M | $983K | 50x | as long as short |
| Injective WTI/USDC PERP | +0.0220% | 1h | 102.57 | +9.832% | $19K | $11K | 30x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | L +0.0233% / S −0.0165% | 1h | 93.355 | −0.037% | $84K | — | 111x | as long as short |
Gate CL_USDT
tradeXYZ xyz:CL
OKX CL-USDT-SWAP
Coinbase International WTIOIL-PERP-INTX
QFEX CL-USD
Paradex CL-USD-PERP
edgeX CLUSDC
Lighter WTI
dYdX WTI-USD
Bybit CLUSDT
RISEx CL/USDC
Bullet WTIOIL-USD
gTrade (Gains Network) WTI/USD
Extended WTI-USD
KuCoin CLUSDTM
Vest CL-PERP
Pacifica CL
Polymarket Perps WTIOIL-USD
SoDEX CL-USD
ApeX Omni CLUSDT
Aevo WTIOIL-PERP
BloFin CL-USDT
Injective WTI/USDC PERP
GMX WTIOIL/USD [ETH-USDC]