CL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0271%/8h= −29.7% APRnext payment −$1.35 per $10,000 · paid last 24h −0.079%

Price spread now: Bitget against BloFin−0.172%85s7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as 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−$300.295% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.423%−$42 on $10k

Price spread, last 4 days (all we have)+0.566%+$57 · spread now −0.172%, 7d avg +0.010%

Together, before fees+0.143%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bitget is 0.182% cheaper against BloFin than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.010%). Swap the legs. The two prices were read 85 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	BloFin CL-USDT	93.020	0.0183	pay 0.0091% / 4h	3h 41m	$4.1M	$1.0M	50x
Short	Bitget CLUSDT	92.860	−0.0088	pay 0.0044% / 4h	3h 41m	$42.0M	$41.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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 BloFinbpFee BitgetbpOrdersPrice spread, now −0.172%Rate

Funding earned: −$56.9
Price spread: −0.172% → +0.010%: −$18.17
Slippage, 4 orders: −$5.5
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$104.57
Costs to cover: 0.295%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Bitget: live order book, 2 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 BloFin live order book, 2 min ago	1.08 bp	7.1 bp −$7	8.4 bp −$84	11.8 bp −$1,183	41.3 bp −$20.6K
Sell Bitget live order book, 2 min ago	0.54 bp	7.8 bp −$8	10.0 bp −$100	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	−0.0503%	1h	92.890	−0.140%	$188K	$408K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0313%	1h	92.969	−0.055%	$270K	$930K	25x	as long as short
Aster CLUSD1	−0.0234%	4h	92.912	−0.116%	$24.7M	$61.1M	20x	as long as short
GRVT CL_USDT_Perp	−0.0202%	4h	92.962	−0.062%	$74K	$614K	25x	as long as short
Gate CL_USDT	−0.0168%	8h	92.820	−0.215%	$23.4M	$49.2M	100x	as long as short
Binance CLUSDT	−0.0135%	4h	92.881	−0.150%	$246.1M	$930.6M	100x	as long as short
Variational Omni CL	−0.0120%	4h	92.980	−0.043%	$13.6M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0105%	1h	93.047	+0.029%	$952K	$609K	10x	as long as short
Bitget CLUSDTshort	−0.0088%	4h	92.860	−0.172%	$42.0M	$41.7M	100x
Aftermath Perps WTIUSD	−0.0072%	1h	93.005	−0.016%	$2K	$27K	5x	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	−0.0054%	4h	92.860	−0.172%	$42.5M	$103.1M	50x	as long as short
tradeXYZ xyz:CL	−0.0029%	1h	92.887	−0.143%	$184.2M	$196.4M	20x	as long as short
QFEX CL-USD	−0.0026%	1h	93.000	−0.022%	$2.3M	$2.4M	10x	as long as short
edgeX CLUSDC	−0.0020%	4h	92.998	−0.024%	$542K	$343K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.042	+0.024%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.892	−0.138%	$27.5M	$80.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.013	−0.008%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.950	−0.075%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.502	−0.557%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	93.020	0.000%	$37K	$39K	20x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	92.962	−0.062%	$16K	$367	5x	as long as short
Ondo Perps WTI-USD.P	+0.0010%	1h	92.950	−0.075%	$3.6M	$5.3M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	93.160	+0.151%	$404K	$794K	15x	as long as short
Lighter WTI	+0.0032%	1h	92.920	−0.108%	$11.3M	$8.7M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.920	−0.108%	$1.7M	$14.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.020	0.000%	$733K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.970	−0.054%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.989	−0.033%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.920	−0.108%	$2.1M	$64K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.993	−0.029%	$347K	$586K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.919	−0.109%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.960	−0.065%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.900	−0.129%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S 0.0000%	1h	92.935	−0.091%	$85K	—	111x	as long as short
BloFin CL-USDTlong	+0.0183%	4h	93.020	long leg	$4.1M	$1.0M	50x
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.798%	$19K	$5K	30x	as long as short