CL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0280%/8h= +30.6% APRnext payment +$1.40 per $10,000 · paid last 24h +0.016%

Price spread now: Bitget against Binance−0.029%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$250.255% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 2 days (all we have)−0.029%−$3 · spread now −0.029%, 7d avg −0.018%

Together, before fees−0.078%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.049% in total (about -2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.40 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	Binance CLUSDT	92.790	−0.0280	get 0.0140% / 4h	2h 45m	$244.8M	$1.00B	100x
Short	Bitget CLUSDT	92.763	0	get 0.0000% / 4h	2h 45m	$42.1M	$46.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now −0.029%Rate

Funding earned: $58.75
Price spread: −0.029% → −0.018%: −$1.14
Slippage, 4 orders: −$3.45
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $32.15
Costs to cover: 0.255%
Break-even: 3.2 days

Slippage from Binance: live order book, 13 min ago; Bitget: live order book, 3 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 Binance live order book, 13 min ago	0.54 bp	5.5 bp −$6	5.5 bp −$55	8.0 bp −$800	19.1 bp −$9,573
Sell Bitget live order book, 3 min ago	0.59 bp	6.9 bp −$7	9.3 bp −$93	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-PERPETUAL	−0.0504%	1h	92.730	−0.065%	$198K	$366K	15x	as long as short
Aster CLUSD1	−0.0337%	4h	92.780	−0.011%	$23.9M	$74.7M	20x	as long as short
GRVT CL_USDT_Perp	−0.0322%	4h	92.720	−0.076%	$50K	$632K	25x	as long as short
Binance CLUSDTlong	−0.0280%	4h	92.790	long leg	$244.8M	$1.00B	100x
Variational Omni CL	−0.0272%	4h	92.751	−0.043%	$13.3M	$11.2M	—	as long as short
Gate CL_USDT	−0.0162%	8h	92.750	−0.043%	$20.9M	$52.9M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0083%	1h	92.720	−0.076%	$3.5M	$5.8M	20x	as long as short
tradeXYZ xyz:CL	−0.0063%	1h	92.761	−0.031%	$185.3M	$225.0M	20x	as long as short
Nado WTI-PERP	−0.0049%	1h	92.824	+0.037%	$935K	$684K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.030	−0.819%	$399K	$942K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.793	+0.003%	$275K	$883K	25x	as long as short
QFEX CL-USD	−0.0033%	1h	92.760	−0.032%	$2.5M	$1.7M	10x	as long as short
Extended WTI-USD	−0.0016%	1h	92.800	+0.011%	$2.1M	$25.2M	10x	as long as short
OKX CL-USDT-SWAP	−0.0012%	4h	92.810	+0.021%	$42.9M	$106.9M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.832	+0.045%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.800	+0.011%	$26.3M	$83.8M	150x	as long as short
Bitget CLUSDTshort	0.0000%	4h	92.763	−0.029%	$42.1M	$46.3M	100x
Phoenix WTIOIL	0.0000%	1h	92.790	0.000%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.785	−0.006%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.346	−0.479%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0020%	8h	92.762	−0.030%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.777	−0.014%	$11.2M	$10.1M	20x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.888	+0.105%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.340	−0.485%	$726K	$3.0M	40x	as long as short
edgeX CLUSDC	+0.0041%	4h	92.772	−0.019%	$533K	$300K	30x	as long as short
Vest CL-PERP	+0.0046%	1h	92.790	0.000%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.778	−0.013%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.763	−0.029%	$2.1M	$61K	20x	as long as short
Aftermath Perps WTIUSD	+0.0068%	1h	92.791	+0.001%	$2K	$28K	5x	as long as short
KuCoin CLUSDTM	+0.0072%	4h	92.818	+0.030%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.785	−0.005%	$331K	$616K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.740	−0.054%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.728	−0.067%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.765	−0.027%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.93	+9.853%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0228%	4h	92.730	−0.065%	$4.0M	$1.2M	50x	as long as short