CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.010%

Price spread now: StandX against Bullet+0.047%7-day average −0.040% · 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−$27as in the Price arb table

costs, in and out, $10k−$360.358% of the position

Long on Bullet Short on StandX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.047%, 7d avg −0.040%

Together, before fees−0.058%+ Points / potential airdropStandX: Active · farm board−$6 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 StandX is 0.087% dearer against Bullet than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet WTIOIL-USD	93.086	0	get 0.0000% / 1h	2m 06s	$18K	$240K	10x
Short	StandX CL-USD	93.130	0.0040	get 0.0005% / 1h	2m 06s	$734K	$2.8M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.047%Rate

Funding earned: $8.4
Price spread: +0.047% → −0.040%: $8.74
Slippage, 4 orders: −$19.82
Fee Bullet: 4 bp × 2 orders: −$8
Fee StandX: 4 bp × 2 orders: −$8
Net: −$18.68
Costs to cover: 0.358%
Break-even: 22.6 days

Slippage from Bullet: live order book, 37 min ago; StandX: 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 Bullet live order book, 37 min ago	1.50 bp	8.5 bp −$8	17.1 bp −$171	doesn't fit	doesn't fit
Sell StandX live order book, 2 min ago	5.91 bp	9.9 bp −$10	12.7 bp −$127	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	−0.0287%	1h	93.070	−0.017%	$188K	$405K	15x	as long as short
Aster CLUSD1	−0.0250%	4h	93.170	+0.090%	$24.8M	$62.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0218%	4h	93.231	+0.155%	$75K	$634K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0210%	1h	93.121	+0.037%	$273K	$928K	25x	as long as short
Gate CL_USDT	−0.0139%	8h	93.050	−0.039%	$23.2M	$50.8M	100x	as long as short
Binance CLUSDT	−0.0139%	4h	93.128	+0.045%	$246.4M	$925.9M	100x	as long as short
Variational Omni CL	−0.0130%	4h	93.192	+0.114%	$13.6M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0108%	1h	93.143	+0.062%	$953K	$613K	10x	as long as short
Bitget CLUSDT	−0.0098%	4h	93.129	+0.046%	$42.2M	$41.5M	100x	as long as short
Aftermath Perps WTIUSD	−0.0083%	1h	93.137	+0.055%	$1K	$26K	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	−0.0065%	4h	93.120	+0.037%	$42.6M	$103.3M	50x	as long as short
edgeX CLUSDC	−0.0042%	4h	93.256	+0.183%	$525K	$324K	30x	as long as short
QFEX CL-USD	−0.0038%	1h	93.110	+0.026%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.100	+0.015%	$403K	$806K	15x	as long as short
tradeXYZ xyz:CL	−0.0015%	1h	93.133	+0.050%	$184.3M	$196.9M	20x	as long as short
Lighter WTI	−0.0008%	1h	93.126	+0.043%	$11.2M	$9.2M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0002%	1h	93.080	−0.006%	$3.6M	$5.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.133	+0.051%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.139	+0.057%	$27.0M	$79.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.133	+0.050%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.140	+0.058%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USDlong	0.0000%	1h	93.086	long leg	$18K	$240K	10x
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.704	−0.410%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0012%	8h	93.087	+0.001%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.120	+0.037%	$1.7M	$14.9M	10x	as long as short
StandX CL-USDshort	+0.0040%	1h	93.130	+0.047%	$734K	$2.8M	40x
Vest CL-PERP	+0.0046%	1h	93.090	+0.004%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.096	+0.011%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.120	+0.037%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.105	+0.020%	$347K	$589K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.160	+0.079%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.290	+0.219%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.080	−0.007%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0171%	4h	93.100	+0.015%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.720%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0261% / S −0.0179%	1h	93.135	+0.053%	$90K	—	111x	as long as short