CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0280%/8h= −30.7% APRnext payment −$0.35 per $10,000 · paid last 24h −0.076%

Price spread now: gTrade (Gains Network) against GMX−0.494%59s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and gTrade (Gains Network) is 0.494% cheaper against GMX than usual: you would sell low and buy high (−$49 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 59 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	GMX WTIOIL/USD [ETH-USDC]	93.075	L +0.0244% / S −0.0169%	pay 0.0031% / 1h	34m 24s	$78K	—	111x
Short	gTrade (Gains Network) WTI/USD	92.615	L 0.0000% / S +0.0036%	pay 0.0004% / 1h	34m 24s	$5K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against GMX. 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 GMXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.494%Rate

Funding earned: −$58.81
Price spread: −0.494% → 0.000%: −$49.42
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Net: −$128.23
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; gTrade (Gains Network): 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GMX no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

GMX and gTrade (Gains Network): 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WTIOIL_USDC-PERPETUAL	−0.0394%	1h	93.060	−0.016%	$194K	$394K	15x	as long as short
Aster CLUSD1	−0.0288%	4h	93.080	+0.005%	$24.6M	$64.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0272%	4h	93.210	+0.145%	$75K	$636K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0210%	1h	93.074	−0.001%	$274K	$939K	25x	as long as short
Binance CLUSDT	−0.0161%	4h	93.060	−0.016%	$247.1M	$922.6M	100x	as long as short
Variational Omni CL	−0.0143%	4h	93.137	+0.066%	$13.4M	$10.6M	—	as long as short
Gate CL_USDT	−0.0128%	8h	93.000	−0.081%	$22.9M	$49.2M	100x	as long as short
Bitget CLUSDT	−0.0124%	4h	93.041	−0.037%	$42.3M	$41.7M	100x	as long as short
Aftermath Perps WTIUSD	−0.0110%	1h	93.202	+0.136%	$2K	$27K	5x	as long as short
Nado WTI-PERP	−0.0095%	1h	93.150	+0.080%	$954K	$623K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0071%	4h	93.020	−0.059%	$42.6M	$102.8M	50x	as long as short
edgeX CLUSDC	−0.0057%	4h	93.176	+0.109%	$524K	$305K	30x	as long as short
QFEX CL-USD	−0.0038%	1h	93.080	+0.005%	$2.3M	$2.5M	10x	as long as short
tradeXYZ xyz:CL	−0.0037%	1h	93.050	−0.027%	$183.9M	$199.6M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0020%	1h	93.010	−0.070%	$3.6M	$5.3M	20x	as long as short
Lighter WTI	−0.0016%	1h	93.088	+0.014%	$11.2M	$9.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.500%	$405K	$810K	15x	as long as short
Paradex CL-USD-PERP	−0.0004%	8h	93.069	−0.006%	$16K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	93.085	+0.010%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.060	−0.016%	$26.6M	$79.1M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.123	+0.052%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.290	+0.231%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.092	+0.018%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USDshort	L 0.0000% / S +0.0036%	1h	92.615	−0.494%	$5K	—	150x
Extended WTI-USD	+0.0008%	1h	93.140	+0.070%	$1.6M	$14.9M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.150	+0.081%	$738K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.080	+0.005%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.042	−0.035%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.060	−0.016%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.096	+0.023%	$347K	$593K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.091	+0.017%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.170	+0.102%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.052	−0.025%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0171%	4h	93.100	+0.027%	$4.0M	$982K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.45	+10.073%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]long	L +0.0244% / S −0.0169%	1h	93.075	long leg	$78K	—	111x