CL

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.019%

Price spread now: Polymarket Perps against Deribit−0.038%7-day average +0.022% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$270.269% of the position

Long on Deribit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.074%+$7 on $10k

Price spread, last 3 days (all we have)+0.397%+$40 · spread now −0.038%, 7d avg +0.022%

Together, before fees+0.471%+$47 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.060% cheaper against Deribit than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of +0.022%). If the spread goes back, that is −$6 on $10k: about 4.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WTIOIL_USDC-PERPETUAL	91.890	0	get 0.0000% / 1h	31m 53s	$95K	$314K	15x
Short	Polymarket Perps WTIOIL-USD	91.855	0.0050	get 0.0006% / 1h	31m 53s	$1.6M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.038%Rate

Funding earned: $10.5
Price spread: −0.038% → +0.022%: −$6.02
Slippage, 4 orders: −$11.89
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$22.41
Costs to cover: 0.269%
Break-even: 21.9 days

Slippage from Deribit: live order book, 17 min ago; Polymarket Perps: 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, 17 min ago	0.54 bp	8.3 bp −$8	10.3 bp −$103	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	2.50 bp	6.6 bp −$7	9.4 bp −$94	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
Aster CLUSD1	−0.0123%	4h	91.880	−0.011%	$24.7M	$70.7M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	91.896	+0.007%	$252K	$1.3M	25x	as long as short
Aftermath Perps WTIUSD	−0.0092%	1h	91.847	−0.047%	$2K	$32K	5x	as long as short
Binance CLUSDT	−0.0068%	4h	91.870	−0.022%	$244.2M	$1.06B	100x	as long as short
tradeXYZ xyz:CL	−0.0064%	1h	91.857	−0.036%	$182.7M	$291.1M	20x	as long as short
Variational Omni CL	−0.0063%	4h	91.856	−0.037%	$13.5M	$16.3M	—	as long as short
gTrade (Gains Network) WTI/USD	L −0.0038% / S +0.0036%	1h	91.566	−0.353%	$178K	—	20x	as long as short
QFEX CL-USD	−0.0031%	1h	91.880	−0.011%	$2.4M	$2.9M	10x	as long as short
dYdX WTI-USD	0.0000%	1h	91.870	−0.022%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	91.870	−0.022%	$24.8M	$95.6M	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	0.0000%	4h	91.860	−0.033%	$43.0M	$112.0M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	91.982	+0.100%	$3.2M	$2.6M	20x	as long as short
Gate CL_USDT	0.0000%	8h	91.820	−0.076%	$21.0M	$61.9M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.853	−0.040%	$42.4M	$63.8M	100x	as long as short
GRVT CL_USDT_Perp	0.0000%	4h	91.850	−0.044%	$61K	$807K	25x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	91.865	−0.027%	$18K	$244K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUALlong	0.0000%	1h	91.890	long leg	$95K	$314K	15x
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.020	+0.141%	$396K	$1.1M	15x	as long as short
edgeX CLUSDC	+0.0001%	4h	91.876	−0.015%	$528K	$347K	30x	as long as short
Ondo Perps WTI-USD.P	+0.0002%	1h	91.830	−0.065%	$3.5M	$6.3M	20x	as long as short
Nado WTI-PERP	+0.0007%	1h	91.901	+0.012%	$848K	$756K	10x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.830	−0.065%	$33K	$99K	20x	as long as short
Paradex CL-USD-PERP	+0.0031%	8h	91.867	−0.025%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	91.860	−0.033%	$11.1M	$12.6M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	91.890	0.000%	$1.9M	$29.2M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	92.595	+0.767%	$18K	$14K	30x	as long as short
StandX CL-USD	+0.0040%	1h	91.880	−0.011%	$725K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	91.930	+0.044%	—	$243K	10x	as long as short
Polymarket Perps WTIOIL-USDshort	+0.0050%	1h	91.855	−0.038%	$1.6M	$1.3M	20x
SoDEX CL-USD	+0.0050%	1h	91.855	−0.038%	$2.0M	$43K	20x	as long as short
Pacifica CL	+0.0100%	1h	91.882	−0.009%	$316K	$545K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.867	−0.025%	$7.4M	$1.9M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.070	+0.196%	$57K	$270K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.853	−0.040%	$4K	$49	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0202% / S −0.0127%	1h	91.865	−0.027%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.840	−0.054%	$4.1M	$1.5M	50x	as long as short