CL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0245%/8h= −26.9% APRnext payment −$0.31 per $10,000 · paid last 24h −0.041%

Price spread now: Deribit against Coinbase International−0.171%7-day average +0.122% · 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−$58as in the Price arb table

costs, in and out, $10k−$290.286% of the position

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.108%+$11 on $10k

Price spread, last 4 days (all we have)+0.179%+$18 · spread now −0.171%, 7d avg +0.122%

Together, before fees+0.287%+$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Deribit is 0.294% cheaper against Coinbase International than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of +0.122%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.108%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WTIOIL-PERP-INTX	93.500	−0.0040	get 0.0005% / 1h	6m 01s	$404K	$931K	15x
Short	Deribit WTIOIL_USDC-PERPETUAL	93.340	−0.0285	pay 0.0036% / 1h	6m 01s	$196K	$377K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Coinbase International. 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 Coinbase InternationalbpFee DeribitbpOrdersPrice spread, now −0.171%Rate

Funding earned: −$51.53
Price spread: −0.171% → +0.122%: −$29.36
Slippage, 4 orders: −$11.56
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$109.45
Costs to cover: 0.286%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 17 min ago; Deribit: live order book, 43 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 Coinbase International live order book, 17 min ago	1.61 bp	8.6 bp −$9	11.0 bp −$110	doesn't fit	doesn't fit
Sell Deribit live order book, 43 min ago	0.54 bp	4.0 bp −$4	4.4 bp −$44	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-PERPETUALshort	−0.0285%	1h	93.340	−0.171%	$196K	$377K	15x
GRVT CL_USDT_Perp	−0.0280%	4h	93.511	+0.012%	$58K	$629K	25x	as long as short
Aster CLUSD1	−0.0277%	4h	93.390	−0.118%	$24.4M	$64.5M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.380	−0.129%	$285K	$959K	25x	as long as short
Binance CLUSDT	−0.0171%	4h	93.364	−0.145%	$246.2M	$930.8M	100x	as long as short
Variational Omni CL	−0.0165%	4h	93.509	+0.009%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0151%	1h	93.439	−0.065%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0120%	4h	93.344	−0.167%	$42.1M	$42.7M	100x	as long as short
Nado WTI-PERP	−0.0107%	1h	93.393	−0.115%	$970K	$632K	10x	as long as short
Gate CL_USDT	−0.0082%	8h	93.290	−0.225%	$22.0M	$50.4M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps WTI-USD.P	−0.0077%	1h	93.320	−0.193%	$3.5M	$5.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0076%	1h	93.349	−0.161%	$184.7M	$212.3M	20x	as long as short
Coinbase International WTIOIL-PERP-INTXlong	−0.0040%	1h	93.500	long leg	$404K	$931K	15x
OKX CL-USDT-SWAP	−0.0038%	4h	93.360	−0.150%	$42.6M	$102.2M	50x	as long as short
QFEX CL-USD	−0.0032%	1h	93.360	−0.150%	$2.3M	$2.5M	10x	as long as short
edgeX CLUSDC	−0.0020%	4h	93.498	−0.002%	$526K	$305K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.405	−0.101%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.374	−0.135%	$27.0M	$79.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.421	−0.085%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.540	+0.043%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.370	−0.139%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.916	−0.625%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0020%	8h	93.339	−0.173%	$16K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	93.362	−0.148%	$11.2M	$9.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.390	−0.118%	$2.0M	$16.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.420	−0.086%	$740K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.370	−0.139%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.357	−0.153%	$332K	$577K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.368	−0.141%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.361	−0.149%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0094%	4h	93.384	−0.124%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.580	+0.086%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.338	−0.173%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0203%	4h	93.370	−0.139%	$4.0M	$988K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.64	+9.781%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0240% / S −0.0174%	1h	93.365	−0.144%	$84K	—	111x	as long as short