Funding you earn now, next payment 06:00 UTC−0.0135%/8h= −14.7% APRpaid last 24h −0.024%
Price spread now: Variational Omni against Coinbase International+0.149%7-day average +0.095% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.110%+$11 on $10k
+Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.149%, 7d avg +0.095%
=Together, before fees+0.021%+ Points / potential airdropVariational Omni: Active · farm board+$2 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.054% dearer against Coinbase International than usual: you sell high and buy low (spread +0.149% now, against its 7-day average of +0.095%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 32 hours. Mind the row above: over the last 4 days funding on this pair paid +0.110%, 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 | −0.0008 | get 0.0001% / 1h | 48m 49s | $404K | $931K | 15x |
| Short | Variational Omni CL | 93.640 | −0.0143 | pay 0.0071% / 4h | 1h 48m | $13.5M | $10.7M | — |
Coinbase International WTIOIL-PERP-INTX
Variational Omni CLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$28.26
- Price spread: +0.149% → +0.095%
- $5.38
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$32.89
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 35 min ago; Variational Omni: RFQ quote, just now. 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, 35 min ago | 1.61 bp | 8.6 bp −$9 | 11.0 bp −$110 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, just now | 2.26 bp | doesn't fit | 2.3 bp −$23 | 5.4 bp −$539 | 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 | −0.0283% | 1h | 93.690 | +0.203% | $197K | $380K | 15x | as long as short |
| Aster CLUSD1 | −0.0264% | 4h | 93.734 | +0.250% | $24.5M | $65.1M | 20x | as long as short |
| GRVT CL_USDT_Perp | −0.0248% | 4h | 93.618 | +0.127% | $58K | $629K | 25x | as long as short |
| Binance CLUSDT | −0.0151% | 4h | 93.700 | +0.214% | $246.6M | $928.3M | 100x | as long as short |
| Aftermath Perps WTIUSD | −0.0143% | 1h | 93.627 | +0.136% | $2K | $26K | 5x | as long as short |
| Variational Omni CLshort | −0.0143% | 4h | 93.640 | +0.149% | $13.5M | $10.7M | — | |
| Kraken Futures PF_WTIOILUSD | −0.0137% | 1h | 93.730 | +0.246% | $286K | $953K | 25x | as long as short |
| Bitget CLUSDT | −0.0106% | 4h | 93.687 | +0.200% | $42.2M | $42.7M | 100x | as long as short |
| Gate CL_USDT | −0.0092% | 8h | 93.630 | +0.139% | $22.2M | $48.4M | 100x | as long as short |
| Ondo Perps WTI-USD.P | −0.0042% | 1h | 93.630 | +0.139% | $3.5M | $5.4M | 20x | as long as short |
Deribit WTIOIL_USDC-PERPETUAL
Aster CLUSD1
GRVT CL_USDT_Perp
Binance CLUSDT
Aftermath Perps WTIUSD
Kraken Futures PF_WTIOILUSD
Bitget CLUSDT
Gate CL_USDT
Ondo Perps WTI-USD.PShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CL | −0.0038% | 1h | 93.698 | +0.212% | $185.1M | $210.9M | 20x | as long as short |
| Nado WTI-PERP | −0.0026% | 1h | 93.671 | +0.183% | $969K | $627K | 10x | as long as short |
| QFEX CL-USD | −0.0023% | 1h | 93.700 | +0.214% | $2.3M | $2.5M | 10x | as long as short |
| OKX CL-USDT-SWAP | −0.0019% | 4h | 93.710 | +0.225% | $42.8M | $102.2M | 50x | as long as short |
| Coinbase International WTIOIL-PERP-INTXlong | −0.0008% | 1h | 93.500 | long leg | $404K | $931K | 15x | |
| edgeX CLUSDC | −0.0001% | 4h | 93.623 | +0.132% | $526K | $305K | 30x | as long as short |
| dYdX WTI-USD | 0.0000% | 1h | 93.734 | +0.250% | $8K | $3K | 5x | as long as short |
| Bybit CLUSDT | 0.0000% | 8h | 93.721 | +0.236% | $27.3M | $79.5M | 150x | as long as short |
| RISEx CL/USDC | 0.0000% | 1h | 93.760 | +0.278% | $3.1M | $2.9M | 20x | as long as short |
| Phoenix WTIOIL | 0.0000% | 1h | 93.730 | +0.246% | $38K | $39K | 20x | as long as short |
| Bullet WTIOIL-USD | 0.0000% | 1h | 93.723 | +0.239% | $19K | $240K | 10x | as long as short |
| gTrade (Gains Network) WTI/USD | L 0.0000% / S +0.0036% | 1h | 93.250 | −0.267% | $5K | — | 150x | as long as short |
| Paradex CL-USD-PERP | +0.0028% | 8h | 93.698 | +0.212% | $16K | $367 | 5x | as long as short |
| Lighter WTI | +0.0032% | 1h | 93.706 | +0.220% | $11.3M | $9.6M | 20x | as long as short |
| Extended WTI-USD | +0.0032% | 1h | 93.720 | +0.235% | $2.0M | $16.1M | 10x | as long as short |
| StandX CL-USD | +0.0040% | 1h | 93.680 | +0.193% | $742K | $2.8M | 40x | as long as short |
| Vest CL-PERP | +0.0046% | 1h | 93.700 | +0.214% | — | $313K | 10x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.0050% | 1h | 93.704 | +0.218% | $1.7M | $1.3M | 20x | as long as short |
| SoDEX CL-USD | +0.0050% | 1h | 93.714 | +0.229% | $2.1M | $60K | 20x | as long as short |
| Pacifica CL | +0.0100% | 1h | 93.721 | +0.236% | $333K | $576K | 10x | as long as short |
| KuCoin CLUSDTM | +0.0100% | 4h | 93.706 | +0.220% | $7.1M | $2.4M | 50x | as long as short |
| ApeX Omni CLUSDT | +0.0100% | 1h | 93.690 | +0.203% | $54K | $266K | 50x | as long as short |
| Aevo WTIOIL-PERP | +0.0104% | 1h | 93.687 | +0.200% | $4K | — | 10x | as long as short |
| BloFin CL-USDT | +0.0218% | 4h | 93.730 | +0.246% | $4.0M | $981K | 50x | as long as short |
| Injective WTI/USDC PERP | +0.0220% | 1h | 102.74 | +9.887% | $19K | $11K | 30x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | L +0.0244% / S −0.0178% | 1h | 93.725 | +0.241% | $84K | — | 111x | as long as short |
tradeXYZ xyz:CL
Nado WTI-PERP
QFEX CL-USD
OKX CL-USDT-SWAP
edgeX CLUSDC
dYdX WTI-USD
Bybit CLUSDT
RISEx CL/USDC
Phoenix WTIOIL
Bullet WTIOIL-USD
gTrade (Gains Network) WTI/USD
Paradex CL-USD-PERP
Lighter WTI
Extended WTI-USD
StandX CL-USD
Vest CL-PERP
Polymarket Perps WTIOIL-USD
SoDEX CL-USD
Pacifica CL
KuCoin CLUSDTM
ApeX Omni CLUSDT
Aevo WTIOIL-PERP
BloFin CL-USDT
Injective WTI/USDC PERP
GMX WTIOIL/USD [ETH-USDC]