CL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0474%/8h= +51.9% APRnext payment +$0.59 per $10,000 · paid last 24h +0.027%

Price spread now: Ondo Perps against Deribit−0.021%7-day average −0.052% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.108%+$11 on $10k

Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.021%, 7d avg −0.052%

Together, before fees+0.195%+ Points / potential airdropOndo Perps: Active · farm board+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Ondo Perps is 0.030% dearer against Deribit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.052%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.108% in total (about 10.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.59 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	93.160	−0.0608	get 0.0076% / 1h	16m 27s	$199K	$370K	15x
Short	Ondo Perps WTI-USD.P	93.140	−0.0134	pay 0.0017% / 1h	16m 27s	$3.5M	$5.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.021%Rate

Funding earned: $99.62
Price spread: −0.021% → −0.052%: $3.03
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $90.65
Costs to cover: 0.120%
Break-even: 0.6 days

Slippage unknown: Deribit: live order book, 37 min ago; Ondo Perps: no order-book sample. 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 Deribit live order book, 37 min ago	0.54 bp	4.0 bp −$4	7.1 bp −$71	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0608%	1h	93.160	long leg	$199K	$370K	15x
GRVT CL_USDT_Perp	−0.0326%	4h	93.123	−0.040%	$54K	$645K	25x	as long as short
Aster CLUSD1	−0.0279%	4h	93.233	+0.078%	$24.3M	$66.0M	20x	as long as short
Binance CLUSDT	−0.0186%	4h	93.212	+0.056%	$246.0M	$940.0M	100x	as long as short
Variational Omni CL	−0.0167%	4h	93.119	−0.044%	$13.3M	$10.9M	—	as long as short
Ondo Perps WTI-USD.Pshort	−0.0134%	1h	93.140	−0.021%	$3.5M	$5.4M	20x
Bitget CLUSDT	−0.0132%	4h	93.202	+0.045%	$42.0M	$43.2M	100x	as long as short
Aftermath Perps WTIUSD	−0.0127%	1h	93.207	+0.050%	$2K	$27K	5x	as long as short
Nado WTI-PERP	−0.0118%	1h	93.272	+0.121%	$964K	$629K	10x	as long as short
Gate CL_USDT	−0.0067%	8h	93.150	−0.011%	$21.3M	$51.5M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.208	+0.052%	$281K	$958K	25x	as long as short
OKX CL-USDT-SWAP	−0.0060%	4h	93.210	+0.054%	$42.7M	$102.9M	50x	as long as short
tradeXYZ xyz:CL	−0.0055%	1h	93.207	+0.050%	$184.5M	$217.7M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	0.000%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.190	+0.032%	$2.3M	$1.9M	10x	as long as short
Paradex CL-USD-PERP	−0.0027%	8h	93.191	+0.034%	$16K	$367	5x	as long as short
edgeX CLUSDC	−0.0025%	4h	93.146	−0.015%	$524K	$306K	30x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.260	+0.107%	$37K	$41K	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.255	+0.101%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.215	+0.059%	$26.8M	$80.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.276	+0.124%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.192	+0.035%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.753	−0.437%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0004%	4h	93.238	+0.084%	$7.1M	$2.4M	50x	as long as short
Lighter WTI	+0.0008%	1h	93.207	+0.050%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0008%	1h	93.250	+0.097%	$2.0M	$18.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.150	−0.011%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.230	+0.075%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.210	+0.054%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.185	+0.027%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.208	+0.052%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.250	+0.097%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.180	+0.022%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0181%	4h	93.180	+0.021%	$4.0M	$999K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.37	+9.887%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0223% / S −0.0151%	1h	93.195	+0.038%	$81K	—	111x	as long as short