CL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0080%/8h= +8.8% APRnext payment +$0.10 per $10,000 · paid last 24h +0.009%

Price spread now: StandX against Coinbase International+0.301%7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$300.305% of the position

Long on Coinbase International Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.271%+$27 on $10k

Price spread, last 4 days (all we have)−0.214%−$21 · spread now +0.301%, 7d avg +0.079%

Together, before fees+0.057%+ Points / potential airdropStandX: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and StandX is 0.222% dearer against Coinbase International than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WTIOIL-PERP-INTX	93.160	−0.0040	get 0.0005% / 1h	26m 47s	$403K	$928K	15x
Short	StandX CL-USD	93.440	0.0040	get 0.0005% / 1h	26m 47s	$740K	$2.9M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.301%Rate

Funding earned: $16.8
Price spread: +0.301% → +0.079%: $22.18
Slippage, 4 orders: −$12.48
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee StandX: 4 bp × 2 orders: −$8
Net: $8.5
Costs to cover: 0.305%
Break-even: 3.5 days

Slippage from Coinbase International: live order book, 62 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 Coinbase International live order book, 62 min ago	1.07 bp	9.0 bp −$9	10.4 bp −$104	doesn't fit	doesn't fit
Sell StandX live order book, 2 min ago	0.54 bp	4.5 bp −$5	5.9 bp −$59	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	−0.0499%	1h	93.390	+0.247%	$197K	$374K	15x	as long as short
GRVT CL_USDT_Perp	−0.0320%	4h	93.424	+0.283%	$58K	$639K	25x	as long as short
Aster CLUSD1	−0.0303%	4h	93.470	+0.333%	$24.4M	$65.1M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.456	+0.318%	$285K	$960K	25x	as long as short
Binance CLUSDT	−0.0192%	4h	93.422	+0.281%	$246.5M	$933.9M	100x	as long as short
Variational Omni CL	−0.0184%	4h	93.331	+0.183%	$13.3M	$10.8M	—	as long as short
Aftermath Perps WTIUSD	−0.0149%	1h	93.406	+0.264%	$2K	$26K	5x	as long as short
Nado WTI-PERP	−0.0135%	1h	93.574	+0.444%	$968K	$617K	10x	as long as short
Bitget CLUSDT	−0.0132%	4h	93.410	+0.268%	$42.1M	$42.9M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0121%	1h	93.450	+0.311%	$3.5M	$5.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0081%	4h	93.377	+0.233%	$525K	$305K	30x	as long as short
Gate CL_USDT	−0.0079%	8h	93.380	+0.236%	$21.8M	$49.7M	100x	as long as short
tradeXYZ xyz:CL	−0.0065%	1h	93.442	+0.303%	$185.0M	$214.8M	20x	as long as short
OKX CL-USDT-SWAP	−0.0060%	4h	93.420	+0.279%	$42.6M	$102.6M	50x	as long as short
Coinbase International WTIOIL-PERP-INTXlong	−0.0040%	1h	93.160	long leg	$403K	$928K	15x
QFEX CL-USD	−0.0032%	1h	93.490	+0.354%	$2.3M	$2.3M	10x	as long as short
Lighter WTI	0.0000%	1h	93.437	+0.297%	$11.2M	$9.9M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.496	+0.360%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.441	+0.302%	$27.1M	$79.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.519	+0.386%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.380	+0.236%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.468	+0.331%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.005	−0.166%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0005%	8h	93.460	+0.322%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.470	+0.333%	$2.0M	$17.3M	10x	as long as short
StandX CL-USDshort	+0.0040%	1h	93.440	+0.301%	$740K	$2.9M	40x
Vest CL-PERP	+0.0046%	1h	93.480	+0.343%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.494	+0.358%	$332K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.462	+0.324%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.425	+0.284%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0058%	4h	93.491	+0.355%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.500	+0.365%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.413	+0.271%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0179%	4h	93.490	+0.354%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.60	+10.136%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0237% / S −0.0169%	1h	93.465	+0.327%	$84K	—	111x	as long as short