Settings8H · net · $10k
Funding arb · Price arb /

CL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRnext payment $0.04 per $10,000 · paid last 24h −0.008%
Price spread now: Phoenix against Extended−0.011%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.017%−$2 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended WTI-USD93.4900.0032pay 0.0004% / 1h1m 19s$2.0M$16.6M10x
ShortPhoenix WTIOIL93.4800get 0.0000% / 1h1m 19s$38K$41K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against Extended. 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

Funding earned
−$6.72
Price spread: −0.011% → 0.000%
−$1.07
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$19.79
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 3 min ago; Phoenix: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 3 min ago0.11 bp3.4 bp −$36.2 bp −$6223.2 bp −$2,320doesn't fit
Sell Phoenix no order-book sample
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit WTIOIL_USDC-PERPETUAL−0.0285%1h93.400−0.096%$196K$377K15xas long as short
GRVT CL_USDT_Perp−0.0274%4h93.348−0.152%$58K$629K25xas long as short
Aster CLUSD1−0.0274%4h93.540+0.053%$24.4M$64.5M20xas long as short
Kraken Futures PF_WTIOILUSD−0.0204%1h93.432−0.062%$285K$959K25xas long as short
Binance CLUSDT−0.0166%4h93.523+0.035%$246.3M$930.6M100xas long as short
Variational Omni CL−0.0163%4h93.349−0.151%$13.4M$10.9Mas long as short
Aftermath Perps WTIUSD−0.0148%1h93.441−0.052%$2K$26K5xas long as short
Bitget CLUSDT−0.0120%4h93.479−0.012%$42.2M$42.7M100xas long as short
Nado WTI-PERP−0.0101%1h93.519+0.031%$972K$628K10xas long as short
Gate CL_USDT−0.0083%8h93.430−0.064%$22.1M$50.5M100xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:CL−0.0076%1h93.501+0.012%$185.0M$212.3M20xas long as short
Ondo Perps WTI-USD.P−0.0074%1h93.440−0.053%$3.5M$5.4M20xas long as short
edgeX CLUSDC−0.0060%4h93.379−0.119%$525K$306K30xas long as short
Coinbase International WTIOIL-PERP-INTX−0.0040%1h93.500+0.011%$404K$931K15xas long as short
OKX CL-USDT-SWAP−0.0034%4h93.4900.000%$42.7M$102.0M50xas long as short
QFEX CL-USD−0.0032%1h93.480−0.011%$2.3M$2.5M10xas long as short
dYdX WTI-USD0.0000%1h93.500+0.011%$8K$3K5xas long as short
Bybit CLUSDT0.0000%8h93.518+0.030%$27.0M$79.4M150xas long as short
RISEx CL/USDC0.0000%1h93.525+0.037%$3.1M$2.9M20xas long as short
Phoenix WTIOILshort0.0000%1h93.480−0.011%$38K$41K20x
Bullet WTIOIL-USD0.0000%1h93.497+0.007%$19K$240K10xas long as short
gTrade (Gains Network) WTI/USDL 0.0000% / S +0.0036%1h93.058−0.462%$5K150xas long as short
Paradex CL-USD-PERP+0.0022%8h93.454−0.039%$16K$3675xas long as short
Lighter WTI+0.0024%1h93.472−0.019%$11.3M$10.0M20xas long as short
Extended WTI-USDlong+0.0032%1h93.490long leg$2.0M$16.6M10x
StandX CL-USD+0.0040%1h93.450−0.043%$740K$2.8M40xas long as short
Vest CL-PERP+0.0046%1h93.470−0.021%$313K10xas long as short
Pacifica CL+0.0047%1h93.476−0.015%$332K$577K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h93.472−0.019%$1.7M$1.3M20xas long as short
SoDEX CL-USD+0.0050%1h93.413−0.082%$2.1M$60K20xas long as short
KuCoin CLUSDTM+0.0100%4h93.499+0.010%$7.1M$2.4M50xas long as short
ApeX Omni CLUSDT+0.0100%1h93.440−0.053%$54K$266K50xas long as short
Aevo WTIOIL-PERP+0.0104%1h93.469−0.022%$4K10xas long as short
BloFin CL-USDT+0.0203%4h93.350−0.150%$4.0M$988K50xas long as short
Injective WTI/USDC PERP+0.0220%1h102.64+9.792%$19K$11K30xas long as short
GMX WTIOIL/USD [ETH-USDC]L +0.0241% / S −0.0175%1h93.515+0.027%$84K111xas long as short