CL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0576%/8h= −63.0% APRnext payment −$0.72 per $10,000 · paid last 24h −0.050%

Price spread now: Deribit against Injective−9.219%63s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Deribit

What this pair did over the last

the charts below follow

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 −$17 a day on $10k at the current rate, and Deribit is 9.219% cheaper against Injective than usual: you would sell low and buy high (−$922 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 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	101.08	0.0172	pay 0.0022% / 1h	47m 42s	$19K	$18K	30x
Short	Deribit WTIOIL_USDC-PERPETUAL	91.760	−0.0403	pay 0.0050% / 1h	47m 42s	$95K	$260K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Injective. 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 InjectivebpFee DeribitbpOrdersPrice spread, now −9.219%Rate

Funding earned: −$120.87
Price spread: −9.219% → 0.000%: −$921.86
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$1,049.75
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Deribit: live order book, 36 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 Deribit live order book, 36 min ago	0.54 bp	8.3 bp −$8	9.1 bp −$91	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-PERPETUALshort	−0.0403%	1h	91.760	−9.219%	$95K	$260K	15x
ApeX Omni CLUSDT	−0.0383%	1h	91.740	−9.238%	$55K	$266K	50x	as long as short
Lighter WTI	−0.0344%	1h	91.724	−9.254%	$11.0M	$11.1M	20x	as long as short
Nado WTI-PERP	−0.0228%	1h	91.806	−9.173%	$906K	$757K	10x	as long as short
tradeXYZ xyz:CL	−0.0228%	1h	91.761	−9.218%	$184.9M	$285.3M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0220%	1h	91.720	−9.258%	$3.5M	$6.5M	20x	as long as short
Bullet WTIOIL-USD	−0.0193%	1h	91.712	−9.266%	$19K	$240K	10x	as long as short
Aftermath Perps WTIUSD	−0.0121%	1h	91.720	−9.258%	$2K	$30K	5x	as long as short
Paradex CL-USD-PERP	−0.0082%	8h	91.695	−9.283%	$15K	$367	5x	as long as short
Polymarket Perps WTIOIL-USD	−0.0056%	1h	91.726	−9.252%	$1.6M	$1.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended WTI-USD	−0.0016%	1h	91.800	−9.179%	$2.0M	$29.2M	10x	as long as short
Aster CLUSD1	0.0000%	4h	91.750	−9.229%	$23.9M	$78.7M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.787	−9.192%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.730	−9.248%	$245.0M	$1.13B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.740	−9.238%	$25.2M	$98.6M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.730	−9.248%	$43.0M	$114.5M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.720	−9.258%	$2.4M	$2.7M	10x	as long as short
Gate CL_USDT	0.0000%	8h	91.680	−9.298%	$21.2M	$58.7M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.748	−9.230%	$42.1M	$64.4M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.707	−9.271%	$13.4M	$15.2M	—	as long as short
GRVT CL_USDT_Perp	0.0000%	4h	91.719	−9.259%	$58K	$734K	25x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.337	−9.637%	$86K	—	10x	as long as short
edgeX CLUSDC	+0.0009%	4h	91.726	−9.252%	$527K	$342K	30x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.820	−9.159%	$33K	$99K	20x	as long as short
StandX CL-USD	+0.0040%	1h	91.720	−9.258%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	91.840	−9.139%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.745	−9.233%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	91.742	−9.236%	$331K	$572K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.735	−9.243%	$7.3M	$2.0M	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.715	−9.264%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	91.720	−9.258%	$384K	$1.2M	15x	as long as short
Injective WTI/USDC PERPlong	+0.0172%	1h	101.08	long leg	$19K	$18K	30x
GMX WTIOIL/USD [ETH-USDC]	L +0.0211% / S −0.0127%	1h	91.715	−9.263%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.720	−9.258%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0452%	1h	91.729	−9.250%	$256K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	91.826	−9.153%	$3.2M	$2.7M	20x	as long as short