CL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0076%/8h= +8.4% APRnext payment +$0.10 per $10,000 · paid last 24h +0.023%

Price spread now: Extended against tradeXYZ+0.017%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on tradeXYZ Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.143%+$14 on $10k

Price spread, last 7 days−0.023%−$2 · spread now +0.017%, 7d avg −0.015%

Together, before fees+0.120%+ Points / potential airdroptradeXYZ: Active · Extended: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.032% dearer against tradeXYZ than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CL	92.964	−0.0044	get 0.0006% / 1h	14m 47s	$184.7M	$220.5M	20x
Short	Extended WTI-USD	92.980	0.0032	get 0.0004% / 1h	14m 47s	$2.1M	$24.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against tradeXYZ. 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 tradeXYZbpFee ExtendedbpOrdersPrice spread, now +0.017%Rate

Funding earned: $16.04
Price spread: +0.017% → −0.015%: $3.25
Slippage, 4 orders: −$4.72
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$8.43
Costs to cover: 0.277%
Break-even: 10.7 days

Slippage from tradeXYZ: live order book, 5 min ago; Extended: live order book, 4 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 tradeXYZ live order book, 5 min ago	0.16 bp	9.5 bp −$9	10.6 bp −$106	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	0.05 bp	2.8 bp −$3	5.3 bp −$53	21.5 bp −$2,152	doesn't fit

CL on 35 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	−0.0395%	1h	92.910	−0.058%	$198K	$365K	15x	as long as short
Aster CLUSD1	−0.0283%	4h	92.988	+0.026%	$24.0M	$72.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0258%	4h	92.840	−0.133%	$53K	$631K	25x	as long as short
Binance CLUSDT	−0.0245%	4h	92.960	−0.004%	$245.1M	$976.1M	100x	as long as short
Variational Omni CL	−0.0240%	4h	92.898	−0.071%	$13.4M	$11.0M	—	as long as short
Gate CL_USDT	−0.0111%	8h	92.910	−0.058%	$20.9M	$53.9M	100x	as long as short
Nado WTI-PERP	−0.0069%	1h	92.977	+0.014%	$965K	$675K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.230%	$402K	$946K	15x	as long as short
tradeXYZ xyz:CLlong	−0.0044%	1h	92.964	long leg	$184.7M	$220.5M	20x
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.974	+0.011%	$274K	$884K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0033%	1h	92.920	−0.047%	$2.5M	$1.7M	10x	as long as short
Ondo Perps WTI-USD.P	−0.0030%	1h	92.880	−0.090%	$3.5M	$5.7M	20x	as long as short
OKX CL-USDT-SWAP	−0.0016%	4h	92.950	−0.015%	$42.9M	$105.0M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.911	−0.057%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.984	+0.022%	$27.0M	$82.1M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.948	−0.017%	$42.0M	$43.9M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.920	−0.047%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.932	−0.034%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.478	−0.523%	$5K	—	150x	as long as short
Aftermath Perps WTIUSD	+0.0010%	1h	92.873	−0.097%	$2K	$28K	5x	as long as short
Paradex CL-USD-PERP	+0.0030%	8h	92.913	−0.054%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.934	−0.032%	$11.2M	$10.4M	20x	as long as short
Extended WTI-USDshort	+0.0032%	1h	92.980	+0.017%	$2.1M	$24.2M	10x
RISEx CL/USDC	+0.0037%	1h	93.042	+0.084%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.360	−0.650%	$726K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.940	−0.026%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.944	−0.022%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.934	−0.032%	$2.1M	$61K	20x	as long as short
edgeX CLUSDC	+0.0061%	4h	92.816	−0.159%	$528K	$303K	30x	as long as short
KuCoin CLUSDTM	+0.0078%	4h	92.960	−0.004%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.939	−0.027%	$332K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.840	−0.133%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.897	−0.072%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.925	−0.042%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.04	+9.759%	$19K	$11K	30x	as long as short