Funding you earn now, next payment 05:00 UTC−0.0260%/8h= −28.5% APRnext payment −$0.33 per $10,000 · paid last 24h −0.042%
Price spread now: Coinbase International against Injective−8.909%64s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (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 Coinbase International is 8.909% cheaper against Injective than usual: you would sell low and buy high (−$891 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 64 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 | Injective WTI/USDC PERP | 102.64 | 0.0220 | pay 0.0028% / 1h | 1m 38s | $19K | $11K | 30x |
| Short | Coinbase International WTIOIL-PERP-INTX | 93.500 | −0.0040 | pay 0.0005% / 1h | 1m 38s | $404K | $931K | 15x |
Injective WTI/USDC PERP
Coinbase International WTIOIL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$54.6
- Price spread: −8.909% → 0.000%
- −$890.93
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$955.55
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Coinbase International: live order book, 22 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 22 min ago | 1.61 bp | 6.6 bp −$7 | 8.4 bp −$84 | doesn't fit | doesn't fit |
Injective: 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 | −0.0285% | 1h | 93.400 | −9.007% | $196K | $377K | 15x | as long as short |
| GRVT CL_USDT_Perp | −0.0274% | 4h | 93.348 | −9.057% | $58K | $629K | 25x | as long as short |
| Aster CLUSD1 | −0.0274% | 4h | 93.510 | −8.900% | $24.4M | $64.5M | 20x | as long as short |
| Kraken Futures PF_WTIOILUSD | −0.0204% | 1h | 93.432 | −8.976% | $285K | $959K | 25x | as long as short |
| Binance CLUSDT | −0.0166% | 4h | 93.487 | −8.922% | $246.5M | $930.5M | 100x | as long as short |
| Variational Omni CL | −0.0163% | 4h | 93.349 | −9.057% | $13.4M | $10.9M | — | as long as short |
| Aftermath Perps WTIUSD | −0.0147% | 1h | 93.396 | −9.011% | $2K | $26K | 5x | as long as short |
| Bitget CLUSDT | −0.0120% | 4h | 93.468 | −8.941% | $42.2M | $42.7M | 100x | as long as short |
| Nado WTI-PERP | −0.0101% | 1h | 93.519 | −8.891% | $972K | $628K | 10x | as long as short |
| Gate CL_USDT | −0.0083% | 8h | 93.420 | −8.987% | $22.1M | $50.5M | 100x | as long as short |
Deribit WTIOIL_USDC-PERPETUAL
GRVT CL_USDT_Perp
Aster CLUSD1
Kraken Futures PF_WTIOILUSD
Binance CLUSDT
Variational Omni CL
Aftermath Perps WTIUSD
Bitget CLUSDT
Nado WTI-PERP
Gate CL_USDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CL | −0.0076% | 1h | 93.467 | −8.941% | $185.0M | $212.3M | 20x | as long as short |
| Ondo Perps WTI-USD.P | −0.0074% | 1h | 93.440 | −8.968% | $3.5M | $5.4M | 20x | as long as short |
| edgeX CLUSDC | −0.0060% | 4h | 93.379 | −9.027% | $525K | $306K | 30x | as long as short |
| Coinbase International WTIOIL-PERP-INTXshort | −0.0040% | 1h | 93.500 | −8.909% | $404K | $931K | 15x | |
| OKX CL-USDT-SWAP | −0.0034% | 4h | 93.480 | −8.929% | $42.7M | $102.0M | 50x | as long as short |
| QFEX CL-USD | −0.0032% | 1h | 93.480 | −8.929% | $2.3M | $2.5M | 10x | as long as short |
| dYdX WTI-USD | 0.0000% | 1h | 93.500 | −8.909% | $8K | $3K | 5x | as long as short |
| Bybit CLUSDT | 0.0000% | 8h | 93.498 | −8.911% | $27.0M | $79.4M | 150x | as long as short |
| RISEx CL/USDC | 0.0000% | 1h | 93.525 | −8.885% | $3.1M | $2.9M | 20x | as long as short |
| Phoenix WTIOIL | 0.0000% | 1h | 93.410 | −8.997% | $38K | $41K | 20x | as long as short |
| Bullet WTIOIL-USD | 0.0000% | 1h | 93.397 | −9.010% | $19K | $240K | 10x | as long as short |
| gTrade (Gains Network) WTI/USD | L 0.0000% / S +0.0036% | 1h | 92.970 | −9.426% | $5K | — | 150x | as long as short |
| Paradex CL-USD-PERP | +0.0022% | 8h | 93.454 | −8.954% | $16K | $367 | 5x | as long as short |
| Lighter WTI | +0.0024% | 1h | 93.472 | −8.937% | $11.3M | $10.0M | 20x | as long as short |
| Extended WTI-USD | +0.0032% | 1h | 93.490 | −8.919% | $2.0M | $16.6M | 10x | as long as short |
| StandX CL-USD | +0.0040% | 1h | 93.450 | −8.958% | $740K | $2.8M | 40x | as long as short |
| Vest CL-PERP | +0.0046% | 1h | 93.470 | −8.939% | — | $313K | 10x | as long as short |
| Pacifica CL | +0.0047% | 1h | 93.476 | −8.932% | $332K | $577K | 10x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.0050% | 1h | 93.472 | −8.937% | $1.7M | $1.3M | 20x | as long as short |
| SoDEX CL-USD | +0.0050% | 1h | 93.413 | −8.994% | $2.1M | $60K | 20x | as long as short |
| KuCoin CLUSDTM | +0.0100% | 4h | 93.492 | −8.917% | $7.1M | $2.4M | 50x | as long as short |
| ApeX Omni CLUSDT | +0.0100% | 1h | 93.440 | −8.968% | $54K | $266K | 50x | as long as short |
| Aevo WTIOIL-PERP | +0.0104% | 1h | 93.387 | −9.020% | $4K | — | 10x | as long as short |
| BloFin CL-USDT | +0.0203% | 4h | 93.350 | −9.055% | $4.0M | $988K | 50x | as long as short |
| Injective WTI/USDC PERPlong | +0.0220% | 1h | 102.64 | long leg | $19K | $11K | 30x | |
| GMX WTIOIL/USD [ETH-USDC] | L +0.0241% / S −0.0175% | 1h | 93.400 | −9.007% | $84K | — | 111x | as long as short |
tradeXYZ xyz:CL
Ondo Perps WTI-USD.P
edgeX CLUSDC
OKX CL-USDT-SWAP
QFEX CL-USD
dYdX WTI-USD
Bybit CLUSDT
RISEx CL/USDC
Phoenix WTIOIL
Bullet WTIOIL-USD
gTrade (Gains Network) WTI/USD
Paradex CL-USD-PERP
Lighter WTI
Extended WTI-USD
StandX CL-USD
Vest CL-PERP
Pacifica CL
Polymarket Perps WTIOIL-USD
SoDEX CL-USD
KuCoin CLUSDTM
ApeX Omni CLUSDT
Aevo WTIOIL-PERP
BloFin CL-USDT
GMX WTIOIL/USD [ETH-USDC]