CL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h +0.001%

Price spread now: Coinbase International against Bullet−0.186%7-day average −0.118% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on Bullet Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.147%−$15 on $10k

Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.186%, 7d avg −0.118%

Together, before fees−0.056%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.068% cheaper against Bullet than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.118%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet WTIOIL-USD	93.333	0	get 0.0000% / 1h	48m 08s	$18K	$241K	10x
Short	Coinbase International WTIOIL-PERP-INTX	93.160	−0.0040	pay 0.0005% / 1h	48m 08s	$403K	$929K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bullet. 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 BulletbpFee Coinbase InternationalbpOrdersPrice spread, now −0.186%Rate

Funding earned: −$8.4
Price spread: −0.186% → −0.118%: −$6.79
Slippage, 4 orders: −$13.37
Fee Bullet: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$46.56
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from Bullet: live order book, 1 min ago; Coinbase International: live order book, 40 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 Bullet live order book, 1 min ago	1.55 bp	8.9 bp −$9	17.6 bp −$176	doesn't fit	doesn't fit
Sell Coinbase International live order book, 40 min ago	1.07 bp	6.1 bp −$6	7.8 bp −$78	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	−0.0714%	1h	93.300	−0.036%	$197K	$372K	15x	as long as short
GRVT CL_USDT_Perp	−0.0346%	4h	93.320	−0.014%	$58K	$649K	25x	as long as short
Aster CLUSD1	−0.0298%	4h	93.370	+0.039%	$24.4M	$66.5M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.352	+0.020%	$283K	$962K	25x	as long as short
Binance CLUSDT	−0.0198%	4h	93.350	+0.018%	$246.5M	$935.9M	100x	as long as short
Variational Omni CL	−0.0185%	4h	93.329	−0.005%	$13.3M	$10.9M	—	as long as short
Ondo Perps WTI-USD.P	−0.0160%	1h	93.280	−0.057%	$3.5M	$5.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0139%	1h	93.325	−0.009%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0134%	4h	93.323	−0.011%	$42.1M	$43.1M	100x	as long as short
Nado WTI-PERP	−0.0131%	1h	93.388	+0.059%	$967K	$621K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0077%	1h	93.344	+0.012%	$184.5M	$215.5M	20x	as long as short
Gate CL_USDT	−0.0074%	8h	93.280	−0.057%	$21.6M	$49.2M	100x	as long as short
OKX CL-USDT-SWAP	−0.0068%	4h	93.340	+0.007%	$42.6M	$102.6M	50x	as long as short
edgeX CLUSDC	−0.0065%	4h	93.310	−0.024%	$524K	$306K	30x	as long as short
Coinbase International WTIOIL-PERP-INTXshort	−0.0040%	1h	93.160	−0.186%	$403K	$929K	15x
QFEX CL-USD	−0.0032%	1h	93.310	−0.025%	$2.3M	$2.1M	10x	as long as short
Lighter WTI	−0.0016%	1h	93.337	+0.004%	$11.2M	$9.8M	20x	as long as short
Paradex CL-USD-PERP	−0.0012%	8h	93.315	−0.020%	$16K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	−0.004%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.360	+0.029%	$27.1M	$79.9M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.391	+0.062%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.390	+0.061%	$37K	$41K	20x	as long as short
Bullet WTIOIL-USDlong	0.0000%	1h	93.333	long leg	$18K	$241K	10x
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.888	−0.477%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	93.370	+0.039%	$2.0M	$18.0M	10x	as long as short
KuCoin CLUSDTM	+0.0032%	4h	93.367	+0.036%	$7.1M	$2.4M	50x	as long as short
StandX CL-USD	+0.0040%	1h	93.340	+0.007%	$739K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.340	+0.007%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.337	+0.004%	$331K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.334	+0.001%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.335	+0.002%	$2.1M	$60K	20x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.420	+0.093%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.305	−0.030%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0173%	4h	93.310	−0.025%	$4.0M	$983K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.57	+9.899%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0232% / S −0.0164%	1h	93.335	+0.002%	$84K	—	111x	as long as short