CL

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.06 per $10,000 · paid last 24h −0.015%

Price spread now: Bullet against Vest+0.117%7-day average +0.800% · you sell dearer than you buy

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

Long on Vest Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.055%−$6 · spread now +0.117%, 7d avg +0.800%

Together, before fees−0.062%+ Points / potential airdropVest: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bullet is 0.683% cheaper against Vest than usual: you would sell low and buy high (−$68 if the spread goes back to its 7-day average of +0.800%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest CL-PERP	90.230	0.0046	pay 0.0006% / 1h	3m 46s	—	$313K	10x
Short	Bullet WTIOIL-USD	90.336	0	get 0.0000% / 1h	3m 46s	$16K	$238K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Vest. 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 VestbpFee BulletbpOrdersPrice spread, now +0.117%Rate

Funding earned: −$9.59
Price spread: +0.117% → +0.800%: −$68.3
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$87.89
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Bullet: live order book, 48 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell Bullet live order book, 48 min ago	0.55 bp	6.4 bp −$6	17.4 bp −$174	doesn't fit	doesn't fit

Vest: 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 exchanges

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	−0.0525%	1h	90.240	+0.011%	$183K	$423K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0366%	1h	90.303	+0.081%	$282K	$1.3M	25x	as long as short
Aster CLUSD1	−0.0148%	4h	90.712	+0.534%	$24.9M	$69.1M	20x	as long as short
Bitget CLUSDT	−0.0110%	4h	90.623	+0.436%	$41.4M	$52.5M	100x	as long as short
Binance CLUSDT	−0.0100%	4h	90.659	+0.475%	$243.0M	$1.15B	100x	as long as short
Variational Omni CL	−0.0085%	4h	89.884	−0.384%	$12.7M	$11.2M	—	as long as short
Ondo Perps WTI-USD.P	−0.0083%	1h	90.140	−0.100%	$3.4M	$5.9M	20x	as long as short
Nado WTI-PERP	−0.0075%	1h	90.287	+0.063%	$874K	$675K	10x	as long as short
tradeXYZ xyz:CL	−0.0069%	1h	90.651	+0.467%	$174.1M	$232.4M	20x	as long as short
Extended WTI-USD	−0.0064%	1h	90.600	+0.410%	$1.2M	$13.6M	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT CL_USDT_Perp	−0.0060%	4h	90.241	+0.013%	$74K	$628K	25x	as long as short
Gate CL_USDT	−0.0054%	8h	90.590	+0.399%	$23.3M	$55.5M	100x	as long as short
Aftermath Perps WTIUSD	−0.0037%	1h	90.255	+0.028%	$1K	$27K	5x	as long as short
edgeX CLUSDC	−0.0033%	4h	90.264	+0.038%	$505K	$379K	30x	as long as short
QFEX CL-USD	−0.0023%	1h	90.180	−0.055%	$2.2M	$2.8M	10x	as long as short
OKX CL-USDT-SWAP	−0.0023%	4h	90.640	+0.454%	$40.7M	$125.0M	50x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.941	−0.320%	$1K	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	90.188	−0.046%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	90.696	+0.516%	$27.2M	$101.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.231	+0.001%	$2.9M	$3.0M	20x	as long as short
Bullet WTIOIL-USDshort	0.0000%	1h	90.336	+0.117%	$16K	$238K	10x
Coinbase International WTIOIL-PERP-INTX	+0.0008%	1h	90.350	+0.133%	$420K	$1.4M	15x	as long as short
Paradex CL-USD-PERP	+0.0016%	8h	90.168	−0.069%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	90.335	+0.116%	$10.8M	$10.2M	20x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	89.848	−0.423%	$16K	$5K	30x	as long as short
StandX CL-USD	+0.0040%	1h	90.040	−0.211%	$697K	$2.8M	40x	as long as short
Vest CL-PERPlong	+0.0046%	1h	90.230	long leg	—	$313K	10x
Polymarket Perps WTIOIL-USD	+0.0050%	1h	90.265	+0.039%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	90.310	+0.089%	$2.0M	$80K	20x	as long as short
Phoenix WTIOIL	+0.0053%	1h	90.450	+0.244%	$36K	$37K	20x	as long as short
Pacifica CL	+0.0100%	1h	90.143	−0.096%	$305K	$717K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	90.559	+0.365%	$7.1M	$2.9M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	89.890	−0.377%	$52K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	90.286	+0.062%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0167% / S +0.0014%	1h	90.315	+0.094%	$73K	—	111x	as long as short
BloFin CL-USDT	+0.0217%	4h	90.200	−0.033%	$3.9M	$1.1M	50x	as long as short