CL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0260%/8h= +28.5% APRnext payment +$0.33 per $10,000 · paid last 24h +0.041%

Price spread now: Injective against Coinbase International+9.632%64s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Injective is 9.632% dearer against Coinbase International than usual: you sell high and buy low: +$963 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 64 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	Coinbase International WTIOIL-PERP-INTX	93.190	−0.0040	get 0.0005% / 1h	47m 44s	$401K	$928K	15x
Short	Injective WTI/USDC PERP	102.17	0.0220	get 0.0028% / 1h	47m 44s	$19K	$11K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +9.632%Rate

Funding earned: $54.6
Price spread: +9.632% → 0.000%: $963.19
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,007.77
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 46 min ago; Injective: no order-book sample. Net counts fees only.

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, 46 min ago	2.15 bp	7.4 bp −$7	9.4 bp −$94	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0500%	1h	93.210	+0.021%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0260%	4h	93.250	+0.064%	$24.1M	$66.9M	20x	as long as short
GRVT CL_USDT_Perp	−0.0238%	4h	93.007	−0.197%	$54K	$658K	25x	as long as short
Binance CLUSDT	−0.0172%	4h	93.223	+0.036%	$245.5M	$943.0M	100x	as long as short
Variational Omni CL	−0.0167%	4h	93.119	−0.077%	$13.5M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0126%	1h	93.297	+0.115%	$966K	$644K	10x	as long as short
Bitget CLUSDT	−0.0122%	4h	93.215	+0.027%	$42.0M	$43.3M	100x	as long as short
Aftermath Perps WTIUSD	−0.0112%	1h	93.119	−0.076%	$2K	$27K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0110%	1h	93.200	+0.011%	$3.5M	$5.3M	20x	as long as short
edgeX CLUSDC	−0.0077%	4h	93.022	−0.180%	$526K	$303K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.262	+0.077%	$269K	$945K	25x	as long as short
Gate CL_USDT	−0.0047%	8h	93.170	−0.021%	$21.0M	$50.8M	100x	as long as short
Coinbase International WTIOIL-PERP-INTXlong	−0.0040%	1h	93.190	long leg	$401K	$928K	15x
OKX CL-USDT-SWAP	−0.0036%	4h	93.230	+0.043%	$42.7M	$102.8M	50x	as long as short
QFEX CL-USD	−0.0033%	1h	93.210	+0.021%	$2.3M	$1.8M	10x	as long as short
KuCoin CLUSDTM	−0.0012%	4h	93.254	+0.069%	$7.1M	$2.4M	50x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.050	−0.150%	$37K	$41K	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.272	+0.088%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.248	+0.062%	$27.0M	$80.9M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.297	+0.115%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.267	+0.083%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.805	−0.413%	$5K	—	150x	as long as short
tradeXYZ xyz:CL	+0.0005%	1h	93.227	+0.040%	$184.6M	$218.9M	20x	as long as short
Paradex CL-USD-PERP	+0.0014%	8h	93.204	+0.015%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.222	+0.034%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.260	+0.075%	$2.0M	$19.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.170	−0.021%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.250	+0.064%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.259	+0.074%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.250	+0.064%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.233	+0.046%	$331K	$597K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.120	−0.075%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.219	+0.031%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0200%	4h	93.190	0.000%	$4.0M	$998K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0219% / S −0.0147%	1h	93.265	+0.080%	$81K	—	111x	as long as short
Injective WTI/USDC PERPshort	+0.0220%	1h	102.17	+9.632%	$19K	$11K	30x