CL

Alert: funding

Alert: spread

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

Price spread now: Phoenix against SoDEX−0.076%50s7-day average +0.047% · you buy dearer than you sell

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

Long on SoDEX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 3 days (all we have)+0.242%+$24 · spread now −0.076%, 7d avg +0.047%

Together, before fees+0.245%+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phoenix is 0.122% cheaper against SoDEX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.047%). 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	SoDEX CL-USD	92.670	0.0050	pay 0.0006% / 1h	21m 37s	$2.0M	$39K	20x
Short	Phoenix WTIOIL	92.600	0	get 0.0000% / 1h	21m 37s	$37K	$66K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against SoDEX. 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 SoDEXbpFee PhoenixbpOrdersPrice spread, now −0.076%Rate

Funding earned: −$10.5
Price spread: −0.076% → +0.047%: −$12.23
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$37.73
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: SoDEX: live order book, 2 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 SoDEX live order book, 2 min ago	0.54 bp	18.8 bp −$19	83.5 bp −$835	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
GRVT CL_USDT_Perp	−0.0346%	4h	92.524	−0.157%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0334%	4h	92.650	−0.022%	$24.0M	$78.0M	20x	as long as short
Binance CLUSDT	−0.0274%	4h	92.617	−0.057%	$245.3M	$1.06B	100x	as long as short
Variational Omni CL	−0.0265%	4h	92.480	−0.205%	$13.1M	$12.2M	—	as long as short
Gate CL_USDT	−0.0224%	8h	92.580	−0.097%	$21.3M	$55.2M	100x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0181%	1h	92.680	+0.011%	$123K	$275K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.699	+0.031%	$275K	$1.1M	25x	as long as short
Nado WTI-PERP	−0.0062%	1h	92.682	+0.013%	$934K	$729K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0046%	1h	92.630	−0.043%	$3.6M	$6.1M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.691%	$399K	$959K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.610	−0.065%	$2.4M	$2.1M	10x	as long as short
tradeXYZ xyz:CL	−0.0026%	1h	92.635	−0.038%	$186.5M	$236.4M	20x	as long as short
Paradex CL-USD-PERP	−0.0002%	8h	92.618	−0.056%	$15K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	92.657	−0.014%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.627	−0.046%	$26.5M	$91.9M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.600	−0.076%	$43.0M	$111.1M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.762	+0.099%	$3.3M	$2.8M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.596	−0.080%	$42.1M	$50.6M	100x	as long as short
Phoenix WTIOILshort	0.0000%	1h	92.600	−0.076%	$37K	$66K	20x
Bullet WTIOIL-USD	0.0000%	1h	92.679	+0.010%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.241	−0.463%	$5K	—	150x	as long as short
Lighter WTI	+0.0024%	1h	92.630	−0.043%	$11.2M	$10.2M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.670	0.000%	$2.3M	$26.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.440	−0.248%	$723K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.640	−0.032%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.614	−0.060%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USDlong	+0.0050%	1h	92.670	long leg	$2.0M	$39K	20x
edgeX CLUSDC	+0.0063%	4h	92.583	−0.094%	$532K	$299K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.648	−0.024%	$356K	$603K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.659	−0.012%	$7.2M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.710	+0.043%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.635	−0.038%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.675	+0.005%	$78K	—	111x	as long as short
Aftermath Perps WTIUSD	+0.0212%	1h	92.563	−0.115%	$2K	$28K	5x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.56	+9.589%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.510	−0.173%	$4.0M	$1.4M	50x	as long as short