CL

Alert

Funding spread now, next payment 16:00 UTC+0.0039%/8h

paid, last 24h+0.007%paid, last 3 days+0.080%to open and closeno order book

Long on Variational Omni Short on Paradex

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CL	92.042	0	get 0.0000% / 4h	1h 36m	$12.5M	$16.9M	—
Short	Paradex CL-USD-PERP	91.991	0.0039	get 0.0039% / 8h	1h 36m	$15K	—	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee ParadexbpOrdersRate

Funding earned: $8.16
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: $4.16
Break-even: 3.4 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Paradex: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.056%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Variational Omni RFQ quote, 4 min ago	2.27 bp	doesn't fit	2.3 bp −$23	7.1 bp −$713	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0148%	8h	$21.3M	$55.7M	100x	as long as short
Aftermath Perps WTIUSD	−0.0090%	1h	$2K	$37K	5x	as long as short
edgeX CLUSDC	−0.0063%	4h	$527K	$319K	30x	as long as short
Nado WTI-PERP	−0.0061%	1h	$810K	$699K	10x	as long as short
Aster CLUSD1	−0.0025%	4h	$24.7M	$59.9M	20x	as long as short
QFEX CL-USD	−0.0015%	1h	$2.3M	$2.6M	10x	as long as short
dYdX WTI-USD	0.0000%	1h	$5K	$126	5x	as long as short
Binance CLUSDT	0.0000%	4h	$253.9M	$857.6M	100x	as long as short
Bybit CLUSDT	0.0000%	8h	$24.0M	$79.7M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	$44.4M	$93.2M	50x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
RISEx CL/USDC	0.0000%	1h	$3.0M	$1.1M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	$42.6M	$55.7M	100x	as long as short
Variational Omni CLlong	0.0000%	4h	$12.5M	$16.9M	—
Bullet WTIOIL-USD	0.0000%	1h	$18K	$247K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	$96K	$453K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	$4K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	$30K	$256K	20x	as long as short
tradeXYZ xyz:CL	+0.0022%	1h	$182.6M	$236.7M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0024%	1h	$395K	$909K	15x	as long as short
Lighter WTI	+0.0032%	1h	$11.1M	$11.4M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	$1.9M	$30.1M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	$18K	$32K	30x	as long as short
Paradex CL-USD-PERPshort	+0.0039%	8h	$15K	—	5x
StandX CL-USD	+0.0040%	1h	$732K	$1.5M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	—	$86K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	$1.7M	$1.5M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	$2.0M	$28K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	$3.4M	$4.9M	20x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0058%	1h	$361K	$1.0M	25x	as long as short
Pacifica CL	+0.0100%	1h	$343K	$310K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	$7.4M	$802K	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	$56K	$271K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	$4K	$49	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0231% / S −0.0152%	1h	$88K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	$4.3M	$1.3M	50x	as long as short