CL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0648%/8h= +70.9% APRnext payment +$0.81 per $10,000 · paid last 24h +0.041%

Price spread now: StandX against Deribit0.000%47s7-day average −0.045% · 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—prices read too far apart to compare

costs, in and out, $10k−$280.278% of the position

Long on Deribit Short on StandX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.027%+$3 on $10k

Price spread, last 4 days (all we have)+0.115%+$11 · spread now 0.000%, 7d avg −0.045%

Together, before fees+0.142%+ Points / potential airdropStandX: Active · farm board+$14 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 StandX is 0.045% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.045%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.027% in total (about 2.6% 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	93.170	−0.0608	get 0.0076% / 1h	15m 29s	$199K	$370K	15x
Short	StandX CL-USD	93.170	0.0040	get 0.0005% / 1h	15m 29s	$736K	$2.9M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $136.06
Price spread: 0.000% → −0.045%: $4.46
Slippage, 4 orders: −$12.75
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee StandX: 4 bp × 2 orders: −$8
Net: $112.77
Costs to cover: 0.278%
Break-even: 1.2 days

Slippage from Deribit: live order book, 38 min ago; StandX: live order book, 3 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, 38 min ago	0.54 bp	4.0 bp −$4	7.1 bp −$71	doesn't fit	doesn't fit
Sell StandX live order book, 3 min ago	2.15 bp	6.1 bp −$6	6.1 bp −$61	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	−0.0608%	1h	93.170	long leg	$199K	$370K	15x
GRVT CL_USDT_Perp	−0.0340%	4h	93.170	0.000%	$58K	$656K	25x	as long as short
Aster CLUSD1	−0.0279%	4h	93.280	+0.118%	$24.3M	$66.0M	20x	as long as short
Binance CLUSDT	−0.0187%	4h	93.244	+0.079%	$246.1M	$940.0M	100x	as long as short
Variational Omni CL	−0.0172%	4h	93.189	+0.020%	$13.4M	$10.9M	—	as long as short
Ondo Perps WTI-USD.P	−0.0134%	1h	93.170	0.000%	$3.5M	$5.4M	20x	as long as short
Bitget CLUSDT	−0.0132%	4h	93.241	+0.076%	$42.0M	$43.2M	100x	as long as short
Aftermath Perps WTIUSD	−0.0126%	1h	93.228	+0.062%	$2K	$27K	5x	as long as short
Nado WTI-PERP	−0.0118%	1h	93.285	+0.124%	$965K	$629K	10x	as long as short
edgeX CLUSDC	−0.0072%	4h	93.211	+0.044%	$524K	$307K	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	−0.0067%	8h	93.180	+0.011%	$21.3M	$51.5M	100x	as long as short
OKX CL-USDT-SWAP	−0.0061%	4h	93.240	+0.075%	$42.7M	$102.9M	50x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.221	+0.055%	$281K	$958K	25x	as long as short
tradeXYZ xyz:CL	−0.0055%	1h	93.245	+0.080%	$184.6M	$217.7M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.011%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.230	+0.064%	$2.3M	$1.9M	10x	as long as short
Paradex CL-USD-PERP	−0.0027%	8h	93.224	+0.058%	$16K	$367	5x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.260	+0.097%	$37K	$41K	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.255	+0.091%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.249	+0.085%	$26.8M	$80.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.306	+0.146%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.243	+0.078%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.806	−0.391%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0006%	4h	93.267	+0.104%	$7.1M	$2.4M	50x	as long as short
Lighter WTI	+0.0008%	1h	93.224	+0.058%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0016%	1h	93.290	+0.129%	$2.0M	$18.6M	10x	as long as short
StandX CL-USDshort	+0.0040%	1h	93.170	0.000%	$736K	$2.9M	40x
Vest CL-PERP	+0.0046%	1h	93.250	+0.086%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.248	+0.084%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.201	+0.033%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.225	+0.059%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.190	+0.021%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.170	0.000%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0181%	4h	93.180	+0.011%	$4.0M	$999K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.37	+9.875%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0223% / S −0.0151%	1h	93.245	+0.080%	$81K	—	111x	as long as short