CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0127%/8h= +13.9% APRnext payment +$1.27 per $10,000 · paid last 24h +0.020%

Price spread now: Bybit against Gate+0.096%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 7 days−0.027%−$3 · spread now +0.096%, 7d avg +0.058%

Together, before fees+0.005%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bybit is 0.038% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CL_USDT	93.330	−0.0127	get 0.0127% / 8h	1h 02m	$22.7M	$50.7M	100x
Short	Bybit CLUSDT	93.420	0	get 0.0000% / 8h	1h 02m	$26.7M	$79.0M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.096%Rate

Funding earned: $26.67
Price spread: +0.096% → +0.058%: $3.85
Slippage, 4 orders: −$5.24
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$0.72
Costs to cover: 0.312%
Break-even: 7.2 days

Slippage from Gate: live order book, 1 min ago; Bybit: 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 Gate live order book, 1 min ago	0.54 bp	9.8 bp −$10	15.1 bp −$151	28.0 bp −$2,800	35.1 bp −$17.5K
Sell Bybit live order book, 1 min ago	0.54 bp	6.0 bp −$6	7.2 bp −$72	16.2 bp −$1,622	102.3 bp −$51.2K

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	−0.0499%	1h	93.370	+0.043%	$195K	$386K	15x	as long as short
GRVT CL_USDT_Perp	−0.0302%	4h	93.400	+0.075%	$53K	$628K	25x	as long as short
Aster CLUSD1	−0.0297%	4h	93.418	+0.095%	$24.6M	$65.4M	20x	as long as short
Binance CLUSDT	−0.0170%	4h	93.386	+0.060%	$247.5M	$918.1M	100x	as long as short
Variational Omni CL	−0.0153%	4h	93.439	+0.116%	$13.4M	$10.7M	—	as long as short
Ondo Perps WTI-USD.P	−0.0138%	1h	93.350	+0.021%	$3.5M	$5.3M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.409	+0.084%	$276K	$967K	25x	as long as short
Aftermath Perps WTIUSD	−0.0133%	1h	93.462	+0.141%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0128%	4h	93.415	+0.091%	$42.4M	$42.1M	100x	as long as short
Gate CL_USDTlong	−0.0127%	8h	93.330	long leg	$22.7M	$50.7M	100x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0084%	1h	93.428	+0.105%	$184.6M	$204.1M	20x	as long as short
Nado WTI-PERP	−0.0080%	1h	93.455	+0.134%	$961K	$632K	10x	as long as short
OKX CL-USDT-SWAP	−0.0061%	4h	93.400	+0.075%	$42.9M	$102.1M	50x	as long as short
edgeX CLUSDC	−0.0047%	4h	93.433	+0.111%	$525K	$305K	30x	as long as short
QFEX CL-USD	−0.0023%	1h	93.370	+0.043%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.540	+0.225%	$405K	$917K	15x	as long as short
Lighter WTI	0.0000%	1h	93.389	+0.063%	$11.3M	$9.7M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.487	+0.169%	$8K	$3K	5x	as long as short
Bybit CLUSDTshort	0.0000%	8h	93.420	+0.096%	$26.7M	$79.0M	150x
RISEx CL/USDC	0.0000%	1h	93.428	+0.106%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.450	+0.129%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.415	+0.091%	$20K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.972	−0.384%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0001%	8h	93.358	+0.030%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.430	+0.107%	$2.0M	$14.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.470	+0.150%	$741K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.430	+0.107%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.419	+0.095%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.390	+0.064%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.383	+0.056%	$332K	$572K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.421	+0.098%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.460	+0.139%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.370	+0.043%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0181%	4h	93.400	+0.075%	$4.1M	$969K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.82	+10.167%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0250% / S −0.0185%	1h	93.415	+0.091%	$84K	—	111x	as long as short