CL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0037%/8h= −4.1% APRnext payment −$0.05 per $10,000 · paid last 24h −0.016%

Price spread now: Phoenix against RISEx−0.041%50s7-day average — · you buy dearer than you sell

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

Long on RISEx Short on Phoenix

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 −$1 a day on $10k at the current rate, and Phoenix is 0.041% cheaper against RISEx 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 50 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	RISEx CL/USDC	92.858	0.0037	pay 0.0005% / 1h	34m 18s	$3.3M	$2.7M	20x
Short	Phoenix WTIOIL	92.820	0	get 0.0000% / 1h	34m 18s	$37K	$51K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against RISEx. 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 RISExbpFee PhoenixbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$7.87
Price spread: −0.041% → 0.000%: −$4.09
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$24.97
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 5 min ago; Phoenix: 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 RISEx live order book, 5 min ago	0.59 bp	3.6 bp −$4	4.3 bp −$43	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

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	−0.0612%	1h	92.690	−0.181%	$198K	$366K	15x	as long as short
Aster CLUSD1	−0.0329%	4h	92.760	−0.106%	$23.9M	$74.4M	20x	as long as short
GRVT CL_USDT_Perp	−0.0296%	4h	92.686	−0.185%	$50K	$633K	25x	as long as short
Binance CLUSDT	−0.0271%	4h	92.720	−0.149%	$244.2M	$988.9M	100x	as long as short
Variational Omni CL	−0.0265%	4h	92.761	−0.105%	$13.3M	$11.1M	—	as long as short
Gate CL_USDT	−0.0152%	8h	92.680	−0.192%	$20.9M	$53.1M	100x	as long as short
tradeXYZ xyz:CL	−0.0068%	1h	92.740	−0.127%	$185.0M	$221.7M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0063%	1h	92.690	−0.181%	$3.5M	$5.7M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.030	−0.892%	$399K	$938K	15x	as long as short
Nado WTI-PERP	−0.0040%	1h	92.785	−0.079%	$963K	$694K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.765	−0.101%	$275K	$870K	25x	as long as short
QFEX CL-USD	−0.0033%	1h	92.730	−0.138%	$2.5M	$1.7M	10x	as long as short
OKX CL-USDT-SWAP	−0.0012%	4h	92.720	−0.149%	$42.7M	$105.9M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.754	−0.112%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.732	−0.136%	$26.3M	$82.8M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.721	−0.148%	$41.9M	$45.7M	100x	as long as short
Phoenix WTIOILshort	0.0000%	1h	92.820	−0.041%	$37K	$51K	20x
Bullet WTIOIL-USD	0.0000%	1h	92.729	−0.139%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.280	−0.622%	$5K	—	150x	as long as short
edgeX CLUSDC	+0.0018%	4h	92.721	−0.147%	$533K	$297K	30x	as long as short
Paradex CL-USD-PERP	+0.0023%	8h	92.714	−0.155%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0024%	1h	92.770	−0.095%	$2.1M	$25.0M	10x	as long as short
Lighter WTI	+0.0032%	1h	92.743	−0.124%	$11.2M	$10.2M	20x	as long as short
Aftermath Perps WTIUSD	+0.0034%	1h	92.768	−0.097%	$2K	$28K	5x	as long as short
RISEx CL/USDClong	+0.0037%	1h	92.858	long leg	$3.3M	$2.7M	20x
StandX CL-USD	+0.0040%	1h	92.360	−0.536%	$726K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.770	−0.095%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.742	−0.125%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.727	−0.141%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTM	+0.0068%	4h	92.797	−0.066%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.728	−0.140%	$331K	$616K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.840	−0.019%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.692	−0.179%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.725	−0.143%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.83	+9.665%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0228%	4h	92.730	−0.138%	$4.0M	$1.2M	50x	as long as short