CL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0176%/8h= +19.3% APRnext payment +$0.22 per $10,000 · paid last 24h +0.016%

Price spread now: tradeXYZ against Deribit+0.002%7-day average −0.004% · 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−$28as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on Deribit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.022%+$2 on $10k

Price spread, last 4 days (all we have)+0.198%+$20 · spread now +0.002%, 7d avg −0.004%

Together, before fees+0.220%+ Points / potential airdroptradeXYZ: Active · farm board+$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WTIOIL_USDC-PERPETUAL	93.060	−0.0287	get 0.0036% / 1h	35m 03s	$199K	$370K	15x
Short	tradeXYZ xyz:CL	93.062	−0.0111	pay 0.0014% / 1h	35m 03s	$184.8M	$215.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.002%Rate

Funding earned: $36.98
Price spread: +0.002% → −0.004%: $0.58
Slippage, 4 orders: −$3.8
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $8.76
Costs to cover: 0.288%
Break-even: 5.3 days

Slippage from Deribit: live order book, 24 min ago; tradeXYZ: live order book, 5 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, 24 min ago	0.54 bp	4.0 bp −$4	6.8 bp −$68	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.11 bp	9.5 bp −$9	10.3 bp −$103	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	−0.0287%	1h	93.060	long leg	$199K	$370K	15x
Aster CLUSD1	−0.0252%	4h	93.060	0.000%	$24.0M	$67.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0246%	4h	93.086	+0.028%	$64K	$648K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0196%	1h	93.108	+0.051%	$274K	$872K	25x	as long as short
Binance CLUSDT	−0.0194%	4h	93.070	+0.011%	$244.6M	$952.0M	100x	as long as short
Variational Omni CL	−0.0187%	4h	93.099	+0.042%	$13.5M	$10.9M	—	as long as short
Ondo Perps WTI-USD.P	−0.0118%	1h	93.060	0.000%	$3.5M	$5.6M	20x	as long as short
tradeXYZ xyz:CLshort	−0.0111%	1h	93.062	+0.002%	$184.8M	$215.6M	20x
Aftermath Perps WTIUSD	−0.0096%	1h	93.109	+0.053%	$2K	$27K	5x	as long as short
Bitget CLUSDT	−0.0094%	4h	93.052	−0.009%	$41.9M	$43.9M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0092%	4h	93.074	+0.015%	$530K	$300K	30x	as long as short
OKX CL-USDT-SWAP	−0.0070%	4h	93.060	0.000%	$42.6M	$102.7M	50x	as long as short
Gate CL_USDT	−0.0053%	8h	93.020	−0.043%	$20.9M	$51.7M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.333%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0043%	1h	93.070	+0.011%	$2.5M	$1.7M	10x	as long as short
Nado WTI-PERP	−0.0035%	1h	93.144	+0.090%	$963K	$653K	10x	as long as short
Lighter WTI	−0.0016%	1h	93.071	+0.012%	$11.2M	$10.5M	20x	as long as short
KuCoin CLUSDTM	−0.0012%	4h	93.071	+0.012%	$7.1M	$2.4M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	93.113	+0.057%	$8K	$3K	5x	as long as short
Extended WTI-USD	0.0000%	1h	93.105	+0.048%	$2.0M	$21.1M	10x	as long as short
Bybit CLUSDT	0.0000%	8h	93.080	+0.021%	$26.7M	$80.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.164	+0.112%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.130	+0.075%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.080	+0.022%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.630	−0.462%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0012%	8h	93.073	+0.014%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	93.140	+0.086%	$735K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.110	+0.054%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.087	+0.029%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.066	+0.006%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	93.091	+0.033%	$329K	$621K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.090	+0.032%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.059	−0.001%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0170%	4h	93.080	+0.021%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0213% / S −0.0140%	1h	93.075	+0.016%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.19	+9.807%	$19K	$11K	30x	as long as short