CL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0431%/8h= −47.2% APRnext payment −$0.54 per $10,000 · paid last 24h −0.049%

Price spread now: Deribit against StandX+0.054%7-day average +0.044% · 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−$28as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on StandX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.037%−$4 on $10k

Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.054%, 7d avg +0.044%

Together, before fees−0.169%+ Points / potential airdropStandX: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.044%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.037% in total (about -3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.54 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX CL-USD	93.450	0.0040	pay 0.0005% / 1h	25m 15s	$740K	$2.9M	40x
Short	Deribit WTIOIL_USDC-PERPETUAL	93.500	−0.0391	pay 0.0049% / 1h	25m 15s	$197K	$374K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$90.57
Price spread: +0.054% → +0.044%: $0.97
Slippage, 4 orders: −$13.75
Fee StandX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$118.35
Costs to cover: 0.287%
Break-even: never at this rate

Slippage from StandX: live order book, 4 min ago; Deribit: live order book, 23 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	0.54 bp	10.8 bp −$11	12.6 bp −$126	doesn't fit	doesn't fit
Sell Deribit live order book, 23 min ago	0.54 bp	4.0 bp −$4	4.4 bp −$44	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-PERPETUALshort	−0.0391%	1h	93.500	+0.054%	$197K	$374K	15x
GRVT CL_USDT_Perp	−0.0320%	4h	93.424	−0.028%	$58K	$639K	25x	as long as short
Aster CLUSD1	−0.0302%	4h	93.562	+0.119%	$24.4M	$65.1M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0203%	1h	93.554	+0.111%	$286K	$958K	25x	as long as short
Binance CLUSDT	−0.0189%	4h	93.538	+0.095%	$246.8M	$932.9M	100x	as long as short
Variational Omni CL	−0.0182%	4h	93.450	0.000%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0149%	1h	93.451	+0.002%	$2K	$26K	5x	as long as short
Nado WTI-PERP	−0.0133%	1h	93.567	+0.125%	$968K	$616K	10x	as long as short
Bitget CLUSDT	−0.0132%	4h	93.522	+0.077%	$42.1M	$42.9M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0112%	1h	93.480	+0.032%	$3.5M	$5.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0077%	8h	93.470	+0.021%	$21.9M	$49.7M	100x	as long as short
edgeX CLUSDC	−0.0074%	4h	93.495	+0.048%	$526K	$305K	30x	as long as short
tradeXYZ xyz:CL	−0.0063%	1h	93.536	+0.092%	$185.1M	$214.9M	20x	as long as short
OKX CL-USDT-SWAP	−0.0058%	4h	93.540	+0.096%	$42.7M	$102.7M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.310%	$403K	$928K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.520	+0.075%	$2.3M	$2.4M	10x	as long as short
dYdX WTI-USD	0.0000%	1h	93.496	+0.049%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.555	+0.112%	$27.1M	$79.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.573	+0.131%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.380	−0.075%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.538	+0.094%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.076	−0.400%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0007%	8h	93.512	+0.067%	$16K	$367	5x	as long as short
Lighter WTI	+0.0008%	1h	93.530	+0.086%	$11.2M	$9.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.550	+0.107%	$2.0M	$17.2M	10x	as long as short
StandX CL-USDlong	+0.0040%	1h	93.450	long leg	$740K	$2.9M	40x
Vest CL-PERP	+0.0046%	1h	93.520	+0.075%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.527	+0.082%	$332K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.522	+0.077%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.530	+0.086%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0062%	4h	93.547	+0.104%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.410	−0.043%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.504	+0.058%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0180%	4h	93.450	0.000%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.60	+9.795%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0237% / S −0.0169%	1h	93.535	+0.091%	$84K	—	111x	as long as short