CL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.016%

Price spread now: Bullet against Polymarket Perps+0.017%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$290.295% of the position

Long on Polymarket Perps Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.061%−$6 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.017%, 7d avg −0.025%

Together, before fees−0.105%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bullet is 0.042% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.017% now, against its 7-day average of −0.025%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps WTIOIL-USD	93.625	0.0050	pay 0.0006% / 1h	51m 51s	$1.7M	$1.3M	20x
Short	Bullet WTIOIL-USD	93.641	0	get 0.0000% / 1h	51m 51s	$18K	$240K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Polymarket Perps. 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 Polymarket PerpsbpFee BulletbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$10.5
Price spread: +0.017% → −0.025%: $4.22
Slippage, 4 orders: −$13.46
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$35.74
Costs to cover: 0.295%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; Bullet: live order book, 57 min ago.

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 Polymarket Perps live order book, 2 min ago	1.87 bp	7.3 bp −$7	9.3 bp −$93	12.1 bp −$1,207	doesn't fit
Sell Bullet live order book, 57 min ago	1.55 bp	7.4 bp −$7	18.4 bp −$184	doesn't fit	doesn't fit

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	−0.0284%	1h	93.610	−0.016%	$197K	$380K	15x	as long as short
Aster CLUSD1	−0.0269%	4h	93.680	+0.059%	$24.5M	$64.8M	20x	as long as short
GRVT CL_USDT_Perp	−0.0258%	4h	93.501	−0.132%	$58K	$629K	25x	as long as short
Binance CLUSDT	−0.0156%	4h	93.651	+0.027%	$246.7M	$928.4M	100x	as long as short
Variational Omni CL	−0.0153%	4h	93.499	−0.135%	$13.4M	$10.8M	—	as long as short
Aftermath Perps WTIUSD	−0.0149%	1h	93.573	−0.056%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.640	+0.017%	$286K	$953K	25x	as long as short
Bitget CLUSDT	−0.0110%	4h	93.643	+0.019%	$42.2M	$42.6M	100x	as long as short
Gate CL_USDT	−0.0090%	8h	93.570	−0.059%	$22.2M	$48.3M	100x	as long as short
edgeX CLUSDC	−0.0069%	4h	93.509	−0.124%	$526K	$305K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps WTI-USD.P	−0.0040%	1h	93.630	+0.005%	$3.5M	$5.4M	20x	as long as short
Nado WTI-PERP	−0.0029%	1h	93.678	+0.057%	$969K	$628K	10x	as long as short
tradeXYZ xyz:CL	−0.0026%	1h	93.636	+0.012%	$185.2M	$210.6M	20x	as long as short
OKX CL-USDT-SWAP	−0.0024%	4h	93.650	+0.027%	$42.7M	$101.9M	50x	as long as short
QFEX CL-USD	−0.0023%	1h	93.620	−0.005%	$2.3M	$2.5M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.134%	$404K	$931K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.620	−0.005%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.680	+0.059%	$27.2M	$79.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.688	+0.067%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.660	+0.037%	$38K	$39K	20x	as long as short
Bullet WTIOIL-USDshort	0.0000%	1h	93.641	+0.017%	$18K	$240K	10x
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.168	−0.488%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0027%	8h	93.617	−0.008%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.640	+0.016%	$11.3M	$9.6M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.680	+0.059%	$2.0M	$16.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.590	−0.037%	$741K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.630	+0.005%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USDlong	+0.0050%	1h	93.625	long leg	$1.7M	$1.3M	20x
SoDEX CL-USD	+0.0050%	1h	93.638	+0.014%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.640	+0.016%	$333K	$577K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.662	+0.040%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.560	−0.069%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.607	−0.019%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0212%	4h	93.600	−0.027%	$4.0M	$980K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.74	+9.740%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0244% / S −0.0177%	1h	93.645	+0.021%	$84K	—	111x	as long as short