CL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.074%

Price spread now: BloFin against Bitget−0.049%95s7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs+$14as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.280% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.420%+$42 on $10k

Price spread, last 3 days (all we have)+0.021%+$2 · spread now −0.049%, 7d avg −0.010%

Together, before fees+0.442%+$44 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.038% cheaper against Bitget than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of −0.010%). If the spread goes back, that is −$4 on $10k: about 13 hours of funding at the current rate (+$7 a day). The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CLUSDT	92.685	0	get 0.0000% / 4h	3h 03m	$42.2M	$47.9M	100x
Short	BloFin CL-USDT	92.640	0.0240	get 0.0120% / 4h	3h 03m	$4.0M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now −0.049%Rate

Funding earned: $50.4
Price spread: −0.049% → −0.010%: −$3.84
Slippage, 4 orders: −$3.97
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $18.6
Costs to cover: 0.280%
Break-even: 4.4 days

Slippage from Bitget: live order book, 6 min ago; BloFin: live order book, 5 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 Bitget live order book, 6 min ago	0.59 bp	7.4 bp −$7	9.8 bp −$98	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.54 bp	6.5 bp −$7	8.8 bp −$88	12.8 bp −$1,278	29.7 bp −$14.8K

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
GRVT CL_USDT_Perp	−0.0346%	4h	92.649	−0.039%	$58K	$630K	25x	as long as short
Aster CLUSD1	−0.0337%	4h	92.708	+0.025%	$24.0M	$75.1M	20x	as long as short
Binance CLUSDT	−0.0284%	4h	92.700	+0.016%	$244.6M	$1.02B	100x	as long as short
Variational Omni CL	−0.0273%	4h	92.658	−0.029%	$13.3M	$11.5M	—	as long as short
Gate CL_USDT	−0.0187%	8h	92.620	−0.070%	$21.3M	$55.6M	100x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0181%	1h	92.690	+0.005%	$123K	$274K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.700	+0.017%	$275K	$912K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0054%	1h	92.640	−0.049%	$3.5M	$5.9M	20x	as long as short
Nado WTI-PERP	−0.0050%	1h	92.743	+0.062%	$935K	$701K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.707%	$399K	$956K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.670	−0.016%	$2.4M	$1.7M	10x	as long as short
tradeXYZ xyz:CL	−0.0031%	1h	92.697	+0.013%	$186.0M	$233.5M	20x	as long as short
OKX CL-USDT-SWAP	−0.0001%	4h	92.700	+0.016%	$42.9M	$108.5M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.742	+0.061%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.700	+0.016%	$26.5M	$87.9M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.819	+0.144%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDTlong	0.0000%	4h	92.685	long leg	$42.2M	$47.9M	100x
Phoenix WTIOIL	0.0000%	1h	92.680	−0.005%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.692	+0.007%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.240	−0.480%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	92.740	+0.059%	$2.3M	$25.6M	10x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	92.674	−0.012%	$15K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	92.701	+0.017%	$11.2M	$10.3M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.350	−0.361%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.730	+0.049%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.688	+0.003%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.684	−0.001%	$2.0M	$38K	20x	as long as short
edgeX CLUSDC	+0.0067%	4h	92.621	−0.069%	$533K	$299K	30x	as long as short
KuCoin CLUSDTM	+0.0078%	4h	92.705	+0.022%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.690	+0.005%	$354K	$605K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.740	+0.059%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.649	−0.039%	$4K	—	10x	as long as short
Aftermath Perps WTIUSD	+0.0129%	1h	92.685	0.000%	$2K	$28K	5x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.685	0.000%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.69	+9.716%	$19K	$11K	30x	as long as short
BloFin CL-USDTshort	+0.0240%	4h	92.640	−0.049%	$4.0M	$1.2M	50x