CL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0600%/8h= +65.6% APRnext payment +$0.75 per $10,000 · paid last 24h +0.062%

Price spread now: ApeX Omni against Deribit+0.086%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$510.507% of the position

Long on Deribit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.118%+$12 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now +0.086%, 7d avg −0.009%

Together, before fees+0.136%+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and ApeX Omni is 0.095% dearer against Deribit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.009%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.118% in total (about 11.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.75 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WTIOIL_USDC-PERPETUAL	93.320	−0.0500	get 0.0062% / 1h	6m 48s	$198K	$371K	15x
Short	ApeX Omni CLUSDT	93.400	0.0100	get 0.0013% / 1h	6m 48s	$54K	$266K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Deribit. 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 DeribitbpFee ApeX OmnibpOrdersPrice spread, now +0.086%Rate

Funding earned: $125.9
Price spread: +0.086% → −0.009%: $9.5
Slippage, 4 orders: −$33.65
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $84.75
Costs to cover: 0.507%
Break-even: 2.3 days

Slippage from Deribit: live order book, 47 min ago; ApeX Omni: live order book, 45 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 Deribit live order book, 47 min ago	0.54 bp	4.0 bp −$4	7.1 bp −$71	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 45 min ago	8.60 bp	21.8 bp −$22	202.2 bp −$2,022	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-PERPETUALlong	−0.0500%	1h	93.320	long leg	$198K	$371K	15x
GRVT CL_USDT_Perp	−0.0334%	4h	93.324	+0.004%	$58K	$654K	25x	as long as short
Aster CLUSD1	−0.0284%	4h	93.360	+0.043%	$24.3M	$65.9M	20x	as long as short
Binance CLUSDT	−0.0189%	4h	93.340	+0.021%	$246.5M	$940.0M	100x	as long as short
Variational Omni CL	−0.0173%	4h	93.308	−0.013%	$13.3M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0141%	1h	93.300	−0.021%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0130%	4h	93.320	0.000%	$42.0M	$43.2M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0129%	1h	93.280	−0.043%	$3.5M	$5.4M	20x	as long as short
Nado WTI-PERP	−0.0110%	1h	93.403	+0.089%	$966K	$629K	10x	as long as short
edgeX CLUSDC	−0.0079%	4h	93.332	+0.013%	$525K	$306K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0069%	8h	93.280	−0.043%	$21.4M	$51.5M	100x	as long as short
OKX CL-USDT-SWAP	−0.0065%	4h	93.340	+0.021%	$42.7M	$103.1M	50x	as long as short
tradeXYZ xyz:CL	−0.0061%	1h	93.335	+0.016%	$184.7M	$217.1M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.368	+0.051%	$282K	$961K	25x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.171%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.330	+0.011%	$2.3M	$2.0M	10x	as long as short
Paradex CL-USD-PERP	−0.0022%	8h	93.321	+0.001%	$16K	$367	5x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.370	+0.054%	$37K	$41K	20x	as long as short
Lighter WTI	0.0000%	1h	93.337	+0.018%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	+0.010%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.358	+0.041%	$26.9M	$80.1M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.408	+0.094%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.351	+0.033%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.903	−0.447%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	93.380	+0.064%	$2.0M	$18.3M	10x	as long as short
KuCoin CLUSDTM	+0.0016%	4h	93.372	+0.056%	$7.1M	$2.4M	50x	as long as short
StandX CL-USD	+0.0040%	1h	93.180	−0.150%	$737K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.360	+0.043%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.347	+0.029%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.348	+0.030%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.350	+0.032%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDTshort	+0.0100%	1h	93.400	+0.086%	$54K	$266K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	93.314	−0.006%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0175%	4h	93.350	+0.032%	$4.0M	$990K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.37	+9.699%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0225% / S −0.0152%	1h	93.355	+0.038%	$81K	—	111x	as long as short