Settings8H · net · $10k
Funding arb · Price arb /

CL

RWAall CL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.0100%/8h= −10.9% APRnext payment $0.13 per $10,000 · paid last 24h −0.029%
Price spread now: Phoenix against ApeX Omni+0.067%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.122%−$12 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. Phoenix is 0.067% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.067% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.2 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni CLUSDT89.3200.0100pay 0.0013% / 1h47m 01s$52K$266K50x
ShortPhoenix WTIOIL89.3800get 0.0000% / 1h47m 01s$32K$39K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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

Funding earned
−$21
Price spread: +0.067% → 0.000%
$6.72
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$31.28
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 63 min ago; Phoenix: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 63 min ago8.77 bp20.7 bp −$21179.4 bp −$1,794doesn't fitdoesn't fit
Sell Phoenix no order-book sample
Phoenix: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_WTIOILUSD−0.0342%1h89.339+0.022%$319K$1.8M25xas long as short
Aster CLUSD1−0.0133%4h89.380+0.067%$24.3M$71.7M20xas long as short
Bitget CLUSDT−0.0110%4h89.313−0.008%$40.6M$57.0M100xas long as short
GRVT CL_USDT_Perp−0.0106%4h89.429+0.123%$66K$632K25xas long as short
Deribit WTIOIL_USDC-PERPETUAL−0.0086%1h89.3200.000%$42K$653K15xas long as short
Binance CLUSDT−0.0085%4h89.340+0.022%$240.5M$1.21B100xas long as short
Ondo Perps WTI-USD.P−0.0078%1h89.330+0.011%$3.4M$6.2M20xas long as short
tradeXYZ xyz:CL−0.0074%1h89.291−0.032%$167.0M$244.6M20xas long as short
Variational Omni CL−0.0066%4h89.342+0.025%$12.6M$11.3Mas long as short
Extended WTI-USD−0.0064%1h89.350+0.034%$1.3M$14.5M10xas long as short
Show all 36 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps WTIUSD−0.0062%1h89.464+0.162%$1K$26K5xas long as short
Gate CL_USDT−0.0059%8h89.250−0.078%$23.0M$53.9M100xas long as short
Coinbase International WTIOIL-PERP-INTX−0.0040%1h89.3200.000%$408K$1.5M15xas long as short
edgeX CLUSDC−0.0037%4h89.403+0.092%$494K$384K30xas long as short
QFEX CL-USD−0.0025%1h89.350+0.034%$2.2M$2.8M10xas long as short
OKX CL-USDT-SWAP−0.0024%4h89.330+0.011%$39.7M$132.8M50xas long as short
Nado WTI-PERP−0.0020%1h89.380+0.067%$871K$689K10xas long as short
gTrade (Gains Network) WTI/USDL −0.0001% / S +0.0036%1h88.906−0.464%$605150xas long as short
dYdX WTI-USD0.0000%1h89.540+0.246%$8K$3K5xas long as short
Bybit CLUSDT0.0000%8h89.350+0.034%$26.9M$109.1M150xas long as short
RISEx CL/USDC0.0000%1h89.547+0.254%$2.8M$3.1M20xas long as short
Phoenix WTIOILshort0.0000%1h89.380+0.067%$32K$39K20x
Bullet WTIOIL-USD0.0000%1h89.336+0.018%$17K$237K10xas long as short
Paradex CL-USD-PERP+0.0015%8h89.398+0.088%$15K$3675xas long as short
Lighter WTI+0.0032%1h89.303−0.019%$10.5M$10.4M20xas long as short
StandX CL-USD+0.0040%1h89.420+0.112%$690K$2.8M40xas long as short
Vest CL-PERP+0.0046%1h89.360+0.045%$313K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h89.354+0.038%$1.6M$1.4M20xas long as short
SoDEX CL-USD+0.0050%1h89.322+0.002%$2.0M$84K20xas long as short
Pacifica CL+0.0100%1h89.434+0.127%$299K$737K10xas long as short
KuCoin CLUSDTM+0.0100%4h89.326+0.007%$6.9M$3.0M50xas long as short
ApeX Omni CLUSDTlong+0.0100%1h89.320long leg$52K$266K50x
Aevo WTIOIL-PERP+0.0104%1h89.306−0.015%$4K10xas long as short
GMX WTIOIL/USD [ETH-USDC]L +0.0165% / S −0.0004%1h89.325+0.006%$77K111xas long as short
BloFin CL-USDT+0.0217%4h89.470+0.168%$3.9M$1.1M50xas long as short
Injective WTI/USDC PERP+0.0220%1h90.137+0.915%$16K$5K30xas long as short