CL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h −0.008%

Price spread now: Coinbase International against StandX−0.419%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$330.333% of the position

Long on StandX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.275%−$28 on $10k

Price spread, last 4 days (all we have)+0.262%+$26 · spread now −0.419%, 7d avg −0.078%

Together, before fees−0.014%+ Points / potential airdropStandX: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Coinbase International is 0.340% cheaper against StandX than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of −0.078%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX CL-USD	93.140	0.0040	pay 0.0005% / 1h	35m 12s	$735K	$2.9M	40x
Short	Coinbase International WTIOIL-PERP-INTX	92.750	−0.0048	pay 0.0006% / 1h	35m 12s	$402K	$944K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against StandX. 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 StandXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.419%Rate

Funding earned: −$18.48
Price spread: −0.419% → −0.078%: −$34.02
Slippage, 4 orders: −$15.33
Fee StandX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$85.83
Costs to cover: 0.333%
Break-even: never at this rate

Slippage from StandX: live order book, 4 min ago; Coinbase International: live order book, 63 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 StandX live order book, 4 min ago	5.91 bp	9.9 bp −$10	11.2 bp −$112	doesn't fit	doesn't fit
Sell Coinbase International live order book, 63 min ago	1.62 bp	6.6 bp −$7	8.8 bp −$88	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	−0.0287%	1h	93.060	−0.086%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0252%	4h	93.069	−0.076%	$24.0M	$67.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0246%	4h	93.086	−0.058%	$64K	$648K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0196%	1h	93.108	−0.035%	$274K	$872K	25x	as long as short
Binance CLUSDT	−0.0194%	4h	93.070	−0.075%	$244.6M	$951.9M	100x	as long as short
Variational Omni CL	−0.0187%	4h	93.099	−0.044%	$13.5M	$10.9M	—	as long as short
Ondo Perps WTI-USD.P	−0.0118%	1h	93.060	−0.086%	$3.5M	$5.6M	20x	as long as short
tradeXYZ xyz:CL	−0.0111%	1h	93.062	−0.084%	$184.8M	$215.6M	20x	as long as short
Aftermath Perps WTIUSD	−0.0096%	1h	93.109	−0.033%	$2K	$27K	5x	as long as short
Bitget CLUSDT	−0.0094%	4h	93.044	−0.103%	$41.9M	$43.9M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0092%	4h	93.074	−0.071%	$530K	$300K	30x	as long as short
OKX CL-USDT-SWAP	−0.0070%	4h	93.060	−0.086%	$42.6M	$102.7M	50x	as long as short
Gate CL_USDT	−0.0053%	8h	93.020	−0.129%	$20.9M	$51.7M	100x	as long as short
Coinbase International WTIOIL-PERP-INTXshort	−0.0048%	1h	92.750	−0.419%	$402K	$944K	15x
QFEX CL-USD	−0.0043%	1h	93.070	−0.075%	$2.5M	$1.7M	10x	as long as short
Nado WTI-PERP	−0.0035%	1h	93.144	+0.004%	$963K	$653K	10x	as long as short
Lighter WTI	−0.0016%	1h	93.071	−0.074%	$11.2M	$10.5M	20x	as long as short
KuCoin CLUSDTM	−0.0012%	4h	93.071	−0.074%	$7.1M	$2.4M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	93.113	−0.029%	$8K	$3K	5x	as long as short
Extended WTI-USD	0.0000%	1h	93.110	−0.032%	$2.0M	$21.1M	10x	as long as short
Bybit CLUSDT	0.0000%	8h	93.080	−0.064%	$26.7M	$80.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.164	+0.026%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.130	−0.011%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.080	−0.064%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.630	−0.548%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0012%	8h	93.073	−0.072%	$16K	$367	5x	as long as short
StandX CL-USDlong	+0.0040%	1h	93.140	long leg	$735K	$2.9M	40x
Vest CL-PERP	+0.0046%	1h	93.110	−0.032%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.087	−0.057%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.066	−0.079%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	93.091	−0.053%	$329K	$621K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.090	−0.054%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.059	−0.087%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0170%	4h	93.080	−0.064%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0213% / S −0.0140%	1h	93.075	−0.070%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.19	+9.712%	$19K	$11K	30x	as long as short