CL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.009%

Price spread now: Extended against Bullet+0.027%7-day average −0.011% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$230.230% of the position

Long on Bullet Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.177%+$18 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.027%, 7d avg −0.011%

Together, before fees+0.141%+ Points / potential airdropExtended: Active · farm board+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.038% dearer against Bullet than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet WTIOIL-USD	93.375	0	get 0.0000% / 1h	3m 18s	$18K	$240K	10x
Short	Extended WTI-USD	93.400	0.0032	get 0.0004% / 1h	3m 18s	$2.0M	$16.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.027%Rate

Funding earned: $6.72
Price spread: +0.027% → −0.011%: $3.79
Slippage, 4 orders: −$9.98
Fee Bullet: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$12.47
Costs to cover: 0.230%
Break-even: 20.0 days

Slippage from Bullet: live order book, 46 min ago; Extended: live order book, 6 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, 46 min ago	1.55 bp	8.9 bp −$9	17.6 bp −$176	doesn't fit	doesn't fit
Sell Extended live order book, 6 min ago	0.11 bp	3.3 bp −$3	6.1 bp −$61	23.4 bp −$2,345	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	−0.0392%	1h	93.340	−0.037%	$196K	$377K	15x	as long as short
GRVT CL_USDT_Perp	−0.0274%	4h	93.368	−0.008%	$58K	$629K	25x	as long as short
Aster CLUSD1	−0.0274%	4h	93.395	+0.022%	$24.4M	$64.5M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.392	+0.019%	$285K	$959K	25x	as long as short
Binance CLUSDT	−0.0168%	4h	93.370	−0.005%	$246.2M	$931.1M	100x	as long as short
Variational Omni CL	−0.0163%	4h	93.349	−0.028%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0148%	1h	93.407	+0.034%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0120%	4h	93.341	−0.036%	$42.1M	$42.7M	100x	as long as short
Nado WTI-PERP	−0.0103%	1h	93.449	+0.079%	$971K	$629K	10x	as long as short
Gate CL_USDT	−0.0083%	8h	93.300	−0.080%	$22.1M	$50.5M	100x	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	−0.0076%	1h	93.356	−0.020%	$184.7M	$212.3M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0076%	1h	93.370	−0.005%	$3.5M	$5.4M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.500	+0.134%	$404K	$931K	15x	as long as short
OKX CL-USDT-SWAP	−0.0036%	4h	93.360	−0.016%	$42.6M	$101.8M	50x	as long as short
QFEX CL-USD	−0.0032%	1h	93.380	+0.005%	$2.3M	$2.5M	10x	as long as short
edgeX CLUSDC	−0.0030%	4h	93.344	−0.033%	$525K	$306K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.405	+0.032%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.382	+0.007%	$27.0M	$79.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.425	+0.054%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.410	+0.037%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USDlong	0.0000%	1h	93.375	long leg	$18K	$240K	10x
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.910	−0.498%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0021%	8h	93.383	+0.008%	$16K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	93.401	+0.028%	$11.3M	$10.0M	20x	as long as short
Extended WTI-USDshort	+0.0032%	1h	93.400	+0.027%	$2.0M	$16.6M	10x
StandX CL-USD	+0.0040%	1h	93.450	+0.080%	$740K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.380	+0.005%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.405	+0.032%	$332K	$577K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.366	−0.010%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.362	−0.014%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.416	+0.044%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.440	+0.070%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.347	−0.030%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0202%	4h	93.370	−0.005%	$4.0M	$988K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.64	+9.928%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0241% / S −0.0174%	1h	93.365	−0.011%	$84K	—	111x	as long as short