CL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.04 per $10,000 · paid last 24h −0.013%

Price spread now: tradeXYZ against Coinbase International+0.047%7-day average +0.119% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$330.331% of the position

Long on Coinbase International Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.170%+$17 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now +0.047%, 7d avg +0.119%

Together, before fees+0.242%+ Points / potential airdroptradeXYZ: Active · farm board+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.071% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.047% now, against its 7-day average of +0.119%). If the spread goes back, that is −$7 on $10k: about 8.4 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.170% in total) that is about 2.9 days.

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	37m 33s	$401K	$927K	15x
Short	tradeXYZ xyz:CL	93.234	−0.0012	pay 0.0001% / 1h	37m 33s	$184.6M	$217.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.047%Rate

Funding earned: $5.96
Price spread: +0.047% → +0.119%: −$7.15
Slippage, 4 orders: −$5.13
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$34.32
Costs to cover: 0.331%
Break-even: 47.3 days

Slippage from Coinbase International: live order book, 56 min ago; tradeXYZ: live order book, 12 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, 56 min ago	2.15 bp	7.4 bp −$7	9.4 bp −$94	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 12 min ago	0.11 bp	9.2 bp −$9	9.8 bp −$98	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	−0.0501%	1h	93.200	+0.011%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0261%	4h	93.241	+0.055%	$24.1M	$66.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0242%	4h	93.289	+0.107%	$54K	$645K	25x	as long as short
Binance CLUSDT	−0.0173%	4h	93.212	+0.023%	$245.4M	$941.8M	100x	as long as short
Variational Omni CL	−0.0159%	4h	93.269	+0.084%	$13.4M	$10.9M	—	as long as short
Nado WTI-PERP	−0.0128%	1h	93.281	+0.098%	$965K	$635K	10x	as long as short
Bitget CLUSDT	−0.0124%	4h	93.206	+0.017%	$41.9M	$43.3M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0118%	1h	93.170	−0.021%	$3.5M	$5.4M	20x	as long as short
Aftermath Perps WTIUSD	−0.0113%	1h	93.241	+0.054%	$2K	$27K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.217	+0.030%	$277K	$955K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0055%	4h	93.319	+0.138%	$525K	$306K	30x	as long as short
Gate CL_USDT	−0.0055%	8h	93.160	−0.032%	$21.1M	$51.1M	100x	as long as short
Coinbase International WTIOIL-PERP-INTXlong	−0.0040%	1h	93.190	long leg	$401K	$927K	15x
QFEX CL-USD	−0.0033%	1h	93.200	+0.011%	$2.3M	$1.8M	10x	as long as short
OKX CL-USDT-SWAP	−0.0031%	4h	93.220	+0.032%	$42.6M	$103.0M	50x	as long as short
tradeXYZ xyz:CLshort	−0.0012%	1h	93.234	+0.047%	$184.6M	$217.8M	20x
Phoenix WTIOIL	−0.0009%	1h	93.300	+0.118%	$37K	$41K	20x	as long as short
KuCoin CLUSDTM	−0.0004%	4h	93.248	+0.062%	$7.1M	$2.4M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	93.263	+0.078%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.234	+0.047%	$26.9M	$80.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.286	+0.103%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.223	+0.036%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.775	−0.445%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0018%	8h	93.211	+0.023%	$16K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	93.223	+0.035%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0024%	1h	93.260	+0.075%	$2.0M	$19.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.100	−0.097%	$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	93.226	+0.039%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.225	+0.038%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.223	+0.036%	$331K	$597K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.320	+0.139%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.189	−0.002%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0209%	4h	93.280	+0.097%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.17	+9.632%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0220% / S −0.0148%	1h	93.215	+0.027%	$81K	—	111x	as long as short