CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0017%/8h= +1.8% APRnext payment +$0.08 per $10,000 · paid last 24h +0.003%

Price spread now: OKX against edgeX−0.038%51s7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as 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−$410.413% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.038%, 7d avg +0.012%

Together, before fees+0.176%+ Points / potential airdropedgeX: Active · farm board+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.049% cheaper against edgeX than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of +0.012%). If the spread goes back, that is −$5 on $10k: about 9.8 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.133% in total) that is about 2.6 days. The two prices were read 51 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	93.495	−0.0074	get 0.0037% / 4h	2h 24m	$526K	$305K	30x
Short	OKX CL-USDT-SWAP	93.460	−0.0058	pay 0.0029% / 4h	2h 24m	$42.7M	$102.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.038%Rate

Funding earned: $3.53
Price spread: −0.038% → +0.012%: −$4.94
Slippage, 4 orders: −$22.26
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$42.67
Costs to cover: 0.413%
Break-even: 91.6 days

Slippage from edgeX: live order book, 24 min ago; OKX: 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 edgeX live order book, 24 min ago	10.07 bp	14.6 bp −$15	14.9 bp −$149	21.5 bp −$2,148	doesn't fit
Sell OKX live order book, 4 min ago	0.54 bp	5.5 bp −$6	6.1 bp −$61	12.2 bp −$1,222	114.8 bp −$57.4K

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-PERPETUAL	−0.0391%	1h	93.500	+0.005%	$197K	$374K	15x	as long as short
GRVT CL_USDT_Perp	−0.0320%	4h	93.424	−0.077%	$58K	$639K	25x	as long as short
Aster CLUSD1	−0.0300%	4h	93.501	+0.006%	$24.4M	$65.1M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0203%	1h	93.554	+0.063%	$286K	$958K	25x	as long as short
Binance CLUSDT	−0.0189%	4h	93.471	−0.026%	$246.6M	$932.8M	100x	as long as short
Variational Omni CL	−0.0182%	4h	93.450	−0.049%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0149%	1h	93.451	−0.047%	$2K	$26K	5x	as long as short
Nado WTI-PERP	−0.0133%	1h	93.567	+0.076%	$968K	$616K	10x	as long as short
Bitget CLUSDT	−0.0132%	4h	93.444	−0.055%	$42.1M	$42.8M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0112%	1h	93.440	−0.059%	$3.5M	$5.4M	20x	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	−0.0077%	8h	93.470	−0.027%	$21.9M	$49.7M	100x	as long as short
edgeX CLUSDClong	−0.0074%	4h	93.495	long leg	$526K	$305K	30x
tradeXYZ xyz:CL	−0.0064%	1h	93.476	−0.021%	$185.0M	$213.4M	20x	as long as short
OKX CL-USDT-SWAPshort	−0.0058%	4h	93.460	−0.038%	$42.7M	$102.6M	50x
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.359%	$403K	$928K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.520	+0.026%	$2.3M	$2.4M	10x	as long as short
dYdX WTI-USD	0.0000%	1h	93.496	0.000%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.490	−0.006%	$27.1M	$79.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.573	+0.083%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.380	−0.123%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.538	+0.046%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.076	−0.448%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0008%	8h	93.452	−0.046%	$16K	$367	5x	as long as short
Lighter WTI	+0.0008%	1h	93.483	−0.013%	$11.2M	$9.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.550	+0.059%	$2.0M	$17.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.450	−0.048%	$740K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.520	+0.026%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.481	−0.015%	$332K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.522	+0.029%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.530	+0.037%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0062%	4h	93.519	+0.025%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.410	−0.091%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.504	+0.009%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0180%	4h	93.450	−0.048%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.60	+9.741%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0237% / S −0.0169%	1h	93.535	+0.042%	$84K	—	111x	as long as short