CL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0490%/8h= −53.7% APRnext payment −$0.61 per $10,000 · paid last 24h −0.076%

Price spread now: Deribit against ApeX Omni+0.214%74s7-day average +0.007% · 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—prices read too far apart to compare

costs, in and out, $10k−$520.517% of the position

Long on ApeX Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.134%−$13 on $10k

Price spread, last 4 days (all we have)−0.245%−$25 · spread now +0.214%, 7d avg +0.007%

Together, before fees−0.379%−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.207% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.214% now, against its 7-day average of +0.007%): +$21 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 34 hours. At the pace of the last 4 days (−0.134% in total) that is about 6.1 days. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.134% in total (about -12.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.61 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	ApeX Omni CLUSDT	93.480	0.0100	pay 0.0013% / 1h	58m 19s	$54K	$266K	50x
Short	Deribit WTIOIL_USDC-PERPETUAL	93.680	−0.0390	pay 0.0049% / 1h	58m 19s	$196K	$388K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against ApeX Omni. 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 ApeX OmnibpFee DeribitbpOrdersPrice spread, now +0.214%Rate

Funding earned: −$102.91
Price spread: +0.214% → +0.007%: $20.67
Slippage, 4 orders: −$34.68
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$133.92
Costs to cover: 0.517%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 44 min ago; Deribit: live order book, 45 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 ApeX Omni live order book, 44 min ago	8.55 bp	21.2 bp −$21	185.5 bp −$1,855	doesn't fit	doesn't fit
Sell Deribit live order book, 45 min ago	0.53 bp	4.0 bp −$4	5.7 bp −$57	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	−0.0390%	1h	93.680	+0.214%	$196K	$388K	15x
GRVT CL_USDT_Perp	−0.0308%	4h	93.381	−0.105%	$53K	$607K	25x	as long as short
Aster CLUSD1	−0.0294%	4h	93.710	+0.246%	$24.7M	$64.8M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0208%	1h	93.698	+0.234%	$276K	$966K	25x	as long as short
Binance CLUSDT	−0.0169%	4h	93.690	+0.225%	$247.6M	$922.6M	100x	as long as short
Variational Omni CL	−0.0159%	4h	93.419	−0.066%	$13.4M	$10.7M	—	as long as short
Bitget CLUSDT	−0.0128%	4h	93.697	+0.232%	$42.4M	$42.1M	100x	as long as short
Gate CL_USDT	−0.0126%	8h	93.590	+0.118%	$22.9M	$48.2M	100x	as long as short
Aftermath Perps WTIUSD	−0.0126%	1h	93.531	+0.055%	$2K	$26K	5x	as long as short
Nado WTI-PERP	−0.0114%	1h	93.721	+0.258%	$963K	$630K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0057%	4h	93.700	+0.235%	$42.8M	$103.3M	50x	as long as short
edgeX CLUSDC	−0.0046%	4h	93.416	−0.069%	$525K	$306K	30x	as long as short
QFEX CL-USD	−0.0038%	1h	93.700	+0.235%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.064%	$405K	$862K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.699	+0.235%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.690	+0.225%	$26.9M	$79.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.687	+0.222%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.440	−0.043%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.667	+0.200%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.216	−0.282%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0001%	8h	93.641	+0.172%	$16K	$367	5x	as long as short
Lighter WTI	+0.0016%	1h	93.666	+0.199%	$11.3M	$9.1M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.700	+0.235%	$1.9M	$15.0M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0033%	1h	93.620	+0.150%	$3.5M	$5.4M	20x	as long as short
StandX CL-USD	+0.0040%	1h	93.730	+0.267%	$743K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.640	+0.171%	—	$313K	10x	as long as short
tradeXYZ xyz:CL	+0.0050%	1h	93.680	+0.214%	$185.2M	$205.1M	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.662	+0.195%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.705	+0.241%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.673	+0.206%	$350K	$594K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.706	+0.242%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDTlong	+0.0100%	1h	93.480	long leg	$54K	$266K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	93.670	+0.203%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0179%	4h	93.630	+0.160%	$4.1M	$973K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.82	+9.990%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0251% / S −0.0186%	1h	93.685	+0.219%	$84K	—	111x	as long as short