CL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0027%/8h= −2.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.007%

Price spread now: Bitget against edgeX+0.024%114s7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$440.438% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 3 days (all we have)−0.054%−$5 · spread now +0.024%, 7d avg +0.004%

Together, before fees+0.023%+ Points / potential airdropedgeX: Active · farm board+$2 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: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.077%, so the current rate has only just turned against you. The two prices were read 114 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CLUSDC	92.462	0.0027	pay 0.0013% / 4h	3h 27m	$532K	$300K	30x
Short	Bitget CLUSDT	92.484	0	get 0.0000% / 4h	3h 27m	$42.1M	$50.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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 edgeXbpFee BitgetbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$5.58
Price spread: +0.024% → +0.004%: $1.94
Slippage, 4 orders: −$22.84
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$47.49
Costs to cover: 0.438%
Break-even: never at this rate

Slippage from edgeX: live order book, 46 min ago; Bitget: live order book, 1 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 edgeX live order book, 46 min ago	9.98 bp	14.5 bp −$14	15.0 bp −$150	22.1 bp −$2,213	doesn't fit
Sell Bitget live order book, 1 min ago	0.22 bp	7.0 bp −$7	9.7 bp −$97	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
GRVT CL_USDT_Perp	−0.0346%	4h	92.450	−0.013%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0332%	4h	92.490	+0.030%	$24.0M	$79.4M	20x	as long as short
Binance CLUSDT	−0.0270%	4h	92.480	+0.019%	$245.1M	$1.07B	100x	as long as short
Variational Omni CL	−0.0260%	4h	92.441	−0.023%	$13.1M	$12.3M	—	as long as short
Gate CL_USDT	−0.0233%	8h	92.410	−0.056%	$21.3M	$55.1M	100x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0182%	1h	92.500	+0.041%	$96K	$189K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.499	+0.040%	$274K	$1.1M	25x	as long as short
Nado WTI-PERP	−0.0071%	1h	92.517	+0.060%	$932K	$732K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0049%	1h	92.410	−0.056%	$3.5M	$6.1M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.467%	$399K	$960K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.470	+0.009%	$2.4M	$2.1M	10x	as long as short
tradeXYZ xyz:CL	−0.0025%	1h	92.486	+0.026%	$186.6M	$257.1M	20x	as long as short
Paradex CL-USD-PERP	−0.0009%	8h	92.463	+0.001%	$15K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	92.483	+0.023%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.496	+0.037%	$26.3M	$92.7M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.470	+0.009%	$43.0M	$110.9M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.605	+0.154%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDTshort	0.0000%	4h	92.484	+0.024%	$42.1M	$50.7M	100x
Phoenix WTIOIL	0.0000%	1h	92.490	+0.030%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.467	+0.005%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.048	−0.448%	$5K	—	150x	as long as short
Lighter WTI	+0.0016%	1h	92.484	+0.024%	$11.2M	$10.1M	20x	as long as short
edgeX CLUSDClong	+0.0027%	4h	92.462	long leg	$532K	$300K	30x
Extended WTI-USD	+0.0032%	1h	92.530	+0.073%	$2.3M	$26.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.380	−0.089%	$723K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.500	+0.041%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.480	+0.019%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.493	+0.033%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.491	+0.031%	$356K	$603K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.524	+0.067%	$7.2M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.550	+0.095%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.448	−0.015%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.485	+0.025%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.56	+9.835%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.470	+0.009%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0254%	1h	92.483	+0.023%	$2K	$28K	5x	as long as short