Funding you earn now, next payment 05:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h 0.000%
Price spread now: Phoenix against Coinbase International−0.096%72s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.294%+$29 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Phoenix is 0.096% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.096% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 8.0 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.294% in total) that is about 2.3 days. The two prices were read 72 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 | 93.500 | −0.0040 | get 0.0005% / 1h | 1m 54s | $404K | $931K | 15x |
| Short | Phoenix WTIOIL | 93.410 | 0 | get 0.0000% / 1h | 1m 54s | $38K | $41K | 20x |
Coinbase International WTIOIL-PERP-INTX
Phoenix WTIOILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $8.4
- Price spread: −0.096% → 0.000%
- −$9.63
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$18.23
- Costs to cover
- 0.170%
- Break-even
- 22.2 days
Slippage unknown: Coinbase International: live order book, 21 min ago; Phoenix: 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, 21 min ago | 1.61 bp | 8.6 bp −$9 | 11.0 bp −$110 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 | −0.0285% | 1h | 93.400 | −0.107% | $196K | $377K | 15x | as long as short |
| GRVT CL_USDT_Perp | −0.0274% | 4h | 93.368 | −0.142% | $58K | $629K | 25x | as long as short |
| Aster CLUSD1 | −0.0274% | 4h | 93.501 | +0.001% | $24.4M | $64.5M | 20x | as long as short |
| Kraken Futures PF_WTIOILUSD | −0.0204% | 1h | 93.432 | −0.073% | $285K | $959K | 25x | as long as short |
| Binance CLUSDT | −0.0168% | 4h | 93.490 | −0.011% | $246.5M | $931.1M | 100x | as long as short |
| Variational Omni CL | −0.0163% | 4h | 93.349 | −0.162% | $13.4M | $10.9M | — | as long as short |
| Aftermath Perps WTIUSD | −0.0147% | 1h | 93.396 | −0.112% | $2K | $26K | 5x | as long as short |
| Bitget CLUSDT | −0.0120% | 4h | 93.476 | −0.026% | $42.1M | $42.7M | 100x | as long as short |
| Nado WTI-PERP | −0.0102% | 1h | 93.432 | −0.073% | $971K | $629K | 10x | as long as short |
| Gate CL_USDT | −0.0083% | 8h | 93.420 | −0.086% | $22.1M | $50.5M | 100x | as long as short |
Deribit WTIOIL_USDC-PERPETUAL
GRVT CL_USDT_Perp
Aster CLUSD1
Kraken Futures PF_WTIOILUSD
Binance CLUSDT
Variational Omni CL
Aftermath Perps WTIUSD
Bitget CLUSDT
Nado WTI-PERP
Gate CL_USDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CL | −0.0076% | 1h | 93.445 | −0.059% | $184.9M | $212.3M | 20x | as long as short |
| Ondo Perps WTI-USD.P | −0.0075% | 1h | 93.330 | −0.182% | $3.5M | $5.4M | 20x | as long as short |
| Coinbase International WTIOIL-PERP-INTXlong | −0.0040% | 1h | 93.500 | long leg | $404K | $931K | 15x | |
| OKX CL-USDT-SWAP | −0.0035% | 4h | 93.470 | −0.032% | $42.7M | $101.9M | 50x | as long as short |
| QFEX CL-USD | −0.0032% | 1h | 93.400 | −0.107% | $2.3M | $2.5M | 10x | as long as short |
| edgeX CLUSDC | −0.0030% | 4h | 93.344 | −0.167% | $525K | $306K | 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 | 93.494 | −0.006% | $27.1M | $79.4M | 150x | as long as short |
| RISEx CL/USDC | 0.0000% | 1h | 93.452 | −0.051% | $3.1M | $2.9M | 20x | as long as short |
| Phoenix WTIOILshort | 0.0000% | 1h | 93.410 | −0.096% | $38K | $41K | 20x | |
| Bullet WTIOIL-USD | 0.0000% | 1h | 93.397 | −0.110% | $19K | $240K | 10x | as long as short |
| gTrade (Gains Network) WTI/USD | L 0.0000% / S +0.0036% | 1h | 92.970 | −0.567% | $5K | — | 150x | as long as short |
| Paradex CL-USD-PERP | +0.0022% | 8h | 93.362 | −0.148% | $16K | $367 | 5x | as long as short |
| Lighter WTI | +0.0024% | 1h | 93.420 | −0.086% | $11.3M | $10.0M | 20x | as long as short |
| Extended WTI-USD | +0.0032% | 1h | 93.480 | −0.021% | $2.0M | $16.6M | 10x | as long as short |
| StandX CL-USD | +0.0040% | 1h | 93.450 | −0.053% | $740K | $2.8M | 40x | as long as short |
| Vest CL-PERP | +0.0046% | 1h | 93.390 | −0.118% | — | $313K | 10x | as long as short |
| Pacifica CL | +0.0047% | 1h | 93.383 | −0.125% | $332K | $577K | 10x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.0050% | 1h | 93.386 | −0.122% | $1.7M | $1.3M | 20x | as long as short |
| SoDEX CL-USD | +0.0050% | 1h | 93.413 | −0.093% | $2.1M | $60K | 20x | as long as short |
| KuCoin CLUSDTM | +0.0100% | 4h | 93.472 | −0.030% | $7.1M | $2.4M | 50x | as long as short |
| ApeX Omni CLUSDT | +0.0100% | 1h | 93.440 | −0.064% | $54K | $266K | 50x | as long as short |
| Aevo WTIOIL-PERP | +0.0104% | 1h | 93.387 | −0.121% | $4K | — | 10x | as long as short |
| BloFin CL-USDT | +0.0203% | 4h | 93.350 | −0.160% | $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 +0.0241% / S −0.0175% | 1h | 93.400 | −0.107% | $84K | — | 111x | as long as short |
tradeXYZ xyz:CL
Ondo Perps WTI-USD.P
OKX CL-USDT-SWAP
QFEX CL-USD
edgeX CLUSDC
dYdX WTI-USD
Bybit CLUSDT
RISEx CL/USDC
Bullet WTIOIL-USD
gTrade (Gains Network) WTI/USD
Paradex CL-USD-PERP
Lighter WTI
Extended WTI-USD
StandX CL-USD
Vest CL-PERP
Pacifica CL
Polymarket Perps WTIOIL-USD
SoDEX CL-USD
KuCoin CLUSDTM
ApeX Omni CLUSDT
Aevo WTIOIL-PERP
BloFin CL-USDT
Injective WTI/USDC PERP
GMX WTIOIL/USD [ETH-USDC]