CL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0650%/8h= +71.1% APRnext payment +$0.81 per $10,000 · paid last 24h +0.028%

Price spread now: RISEx against Deribit+0.201%7-day average +0.037% · 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−$3as in the Price arb table

costs, in and out, $10k−$190.190% of the position

Long on Deribit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.122%+$12 on $10k

Price spread, last 3 days (all we have)−0.119%−$12 · spread now +0.201%, 7d avg +0.037%

Together, before fees+0.004%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and RISEx is 0.164% dearer against Deribit than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.037%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.122% in total (about 12.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.81 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	92.700	−0.0612	get 0.0077% / 1h	35m 06s	$198K	$366K	15x
Short	RISEx CL/USDC	92.887	0.0037	get 0.0005% / 1h	35m 06s	$3.3M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.201%Rate

Funding earned: $136.45
Price spread: +0.201% → +0.037%: $16.43
Slippage, 4 orders: −$5.95
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: $133.92
Costs to cover: 0.190%
Break-even: 0.1 days

Slippage from Deribit: live order book, 33 min ago; RISEx: live order book, 4 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, 33 min ago	0.54 bp	7.7 bp −$8	9.4 bp −$94	doesn't fit	doesn't fit
Sell RISEx live order book, 4 min ago	0.59 bp	3.6 bp −$4	5.5 bp −$55	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	−0.0612%	1h	92.700	long leg	$198K	$366K	15x
Aster CLUSD1	−0.0329%	4h	92.760	+0.065%	$23.9M	$74.4M	20x	as long as short
GRVT CL_USDT_Perp	−0.0296%	4h	92.686	−0.015%	$50K	$633K	25x	as long as short
Binance CLUSDT	−0.0272%	4h	92.721	+0.023%	$244.2M	$990.1M	100x	as long as short
Variational Omni CL	−0.0265%	4h	92.761	+0.065%	$13.3M	$11.1M	—	as long as short
Gate CL_USDT	−0.0153%	8h	92.670	−0.032%	$20.9M	$53.1M	100x	as long as short
tradeXYZ xyz:CL	−0.0069%	1h	92.721	+0.023%	$184.9M	$221.7M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0065%	1h	92.730	+0.032%	$3.5M	$5.7M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.030	−0.723%	$399K	$938K	15x	as long as short
Nado WTI-PERP	−0.0039%	1h	92.810	+0.119%	$936K	$676K	10x	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	−0.0038%	1h	92.783	+0.090%	$275K	$870K	25x	as long as short
QFEX CL-USD	−0.0033%	1h	92.740	+0.043%	$2.5M	$1.7M	10x	as long as short
OKX CL-USDT-SWAP	−0.0010%	4h	92.730	+0.032%	$42.7M	$106.0M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.754	+0.058%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.732	+0.035%	$26.3M	$82.8M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.710	+0.011%	$41.9M	$45.8M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.820	+0.129%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.775	+0.081%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.309	−0.422%	$5K	—	150x	as long as short
edgeX CLUSDC	+0.0018%	4h	92.721	+0.023%	$533K	$297K	30x	as long as short
Paradex CL-USD-PERP	+0.0024%	8h	92.755	+0.060%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0024%	1h	92.800	+0.108%	$2.1M	$25.0M	10x	as long as short
Lighter WTI	+0.0032%	1h	92.737	+0.040%	$11.2M	$10.2M	20x	as long as short
Aftermath Perps WTIUSD	+0.0034%	1h	92.757	+0.062%	$2K	$28K	5x	as long as short
RISEx CL/USDCshort	+0.0037%	1h	92.887	+0.201%	$3.3M	$2.7M	20x
StandX CL-USD	+0.0040%	1h	92.350	−0.378%	$726K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.800	+0.108%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.775	+0.081%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.725	+0.027%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTM	+0.0068%	4h	92.794	+0.101%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.763	+0.068%	$331K	$616K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.840	+0.151%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.717	+0.018%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.755	+0.059%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.83	+9.852%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0228%	4h	92.730	+0.032%	$4.0M	$1.2M	50x	as long as short