CL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0743%/8h= +81.3% APRnext payment +$0.93 per $10,000 · paid last 24h +0.054%

Price spread now: Extended against Deribit+0.118%7-day average −0.014% · 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−$4as in the Price arb table

costs, in and out, $10k−$180.175% of the position

Long on Deribit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.203%+$20 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.118%, 7d avg −0.014%

Together, before fees+0.094%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Extended is 0.132% dearer against Deribit than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.014%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.203% in total (about 18.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.93 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	93.580	−0.0711	get 0.0089% / 1h	21m 51s	$196K	$384K	15x
Short	Extended WTI-USD	93.690	0.0032	get 0.0004% / 1h	21m 51s	$2.0M	$15.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.118%Rate

Funding earned: $155.99
Price spread: +0.118% → −0.014%: $13.16
Slippage, 4 orders: −$5.54
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $151.62
Costs to cover: 0.175%
Break-even: 0.2 days

Slippage from Deribit: live order book, 22 min ago; Extended: 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 Deribit live order book, 22 min ago	0.53 bp	6.2 bp −$6	8.6 bp −$86	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.05 bp	3.8 bp −$4	8.7 bp −$87	26.6 bp −$2,664	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	−0.0711%	1h	93.580	long leg	$196K	$384K	15x
Aster CLUSD1	−0.0277%	4h	93.645	+0.069%	$24.6M	$65.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0262%	4h	93.658	+0.083%	$58K	$618K	25x	as long as short
Binance CLUSDT	−0.0149%	4h	93.620	+0.043%	$247.0M	$915.9M	100x	as long as short
Aftermath Perps WTIUSD	−0.0139%	1h	93.668	+0.094%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.632	+0.056%	$283K	$960K	25x	as long as short
Variational Omni CL	−0.0136%	4h	93.629	+0.052%	$13.5M	$10.6M	—	as long as short
Ondo Perps WTI-USD.P	−0.0125%	1h	93.550	−0.032%	$3.5M	$5.3M	20x	as long as short
Gate CL_USDT	−0.0111%	8h	93.540	−0.043%	$22.5M	$49.6M	100x	as long as short
Bitget CLUSDT	−0.0106%	4h	93.603	+0.025%	$42.3M	$42.0M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0080%	1h	93.642	+0.066%	$185.2M	$205.0M	20x	as long as short
Nado WTI-PERP	−0.0056%	1h	93.668	+0.094%	$965K	$620K	10x	as long as short
edgeX CLUSDC	−0.0037%	4h	93.643	+0.068%	$526K	$305K	30x	as long as short
QFEX CL-USD	−0.0023%	1h	93.600	+0.021%	$2.3M	$2.4M	10x	as long as short
OKX CL-USDT-SWAP	−0.0023%	4h	93.600	+0.021%	$42.9M	$101.8M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.085%	$404K	$916K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.649	+0.073%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.614	+0.036%	$26.9M	$78.9M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.656	+0.081%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.730	+0.160%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.624	+0.047%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.206	−0.400%	$5K	—	150x	as long as short
Lighter WTI	+0.0016%	1h	93.636	+0.060%	$11.3M	$9.6M	20x	as long as short
Paradex CL-USD-PERP	+0.0021%	8h	93.610	+0.033%	$16K	$367	5x	as long as short
Extended WTI-USDshort	+0.0032%	1h	93.690	+0.118%	$2.0M	$15.5M	10x
StandX CL-USD	+0.0040%	1h	93.680	+0.107%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.630	+0.053%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.620	+0.043%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.607	+0.029%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.603	+0.025%	$333K	$574K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.652	+0.077%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.750	+0.182%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.586	+0.006%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0220%	4h	93.650	+0.075%	$4.0M	$971K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.97	+10.037%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0247% / S −0.0181%	1h	93.615	+0.037%	$84K	—	111x	as long as short