Funding you earn now, next payment 05:00 UTC−0.0228%/8h= −24.9% APRnext payment −$0.28 per $10,000 · paid last 24h −0.055%
Price spread now: tradeXYZ against Injective−8.710%7-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
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and tradeXYZ is 8.710% cheaper against Injective than usual: you would sell low and buy high (−$871 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective WTI/USDC PERP | 102.17 | 0.0220 | pay 0.0028% / 1h | 38m 59s | $19K | $11K | 30x |
| Short | tradeXYZ xyz:CL | 93.267 | −0.0008 | pay 0.0001% / 1h | 38m 59s | $184.7M | $217.8M | 20x |
Injective WTI/USDC PERP
tradeXYZ xyz:CLFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$47.82
- Price spread: −8.710% → 0.000%
- −$871.03
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$936.87
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; tradeXYZ: live order book, 11 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 tradeXYZ live order book, 11 min ago | 0.11 bp | 9.2 bp −$9 | 9.8 bp −$98 | 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 | −0.0393% | 1h | 93.290 | −8.688% | $199K | $370K | 15x | as long as short |
| Aster CLUSD1 | −0.0260% | 4h | 93.325 | −8.654% | $24.2M | $66.2M | 20x | as long as short |
| GRVT CL_USDT_Perp | −0.0246% | 4h | 93.265 | −8.713% | $54K | $645K | 25x | as long as short |
| Binance CLUSDT | −0.0173% | 4h | 93.260 | −8.717% | $245.4M | $942.0M | 100x | as long as short |
| Variational Omni CL | −0.0159% | 4h | 93.269 | −8.709% | $13.4M | $10.9M | — | as long as short |
| Nado WTI-PERP | −0.0130% | 1h | 93.363 | −8.617% | $965K | $636K | 10x | as long as short |
| Bitget CLUSDT | −0.0122% | 4h | 93.237 | −8.740% | $42.0M | $43.3M | 100x | as long as short |
| Aftermath Perps WTIUSD | −0.0116% | 1h | 93.262 | −8.715% | $2K | $27K | 5x | as long as short |
| Ondo Perps WTI-USD.P | −0.0114% | 1h | 93.250 | −8.727% | $3.5M | $5.4M | 20x | as long as short |
| Kraken Futures PF_WTIOILUSD | −0.0061% | 1h | 93.310 | −8.668% | $277K | $960K | 25x | as long as short |
Deribit WTIOIL_USDC-PERPETUAL
Aster CLUSD1
GRVT CL_USDT_Perp
Binance CLUSDT
Variational Omni CL
Nado WTI-PERP
Bitget CLUSDT
Aftermath Perps WTIUSD
Ondo Perps WTI-USD.P
Kraken Futures PF_WTIOILUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX CLUSDC | −0.0058% | 4h | 93.273 | −8.705% | $524K | $305K | 30x | as long as short |
| Gate CL_USDT | −0.0053% | 8h | 93.210 | −8.766% | $21.1M | $51.1M | 100x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | −0.0040% | 1h | 93.190 | −8.786% | $401K | $927K | 15x | as long as short |
| QFEX CL-USD | −0.0033% | 1h | 93.290 | −8.688% | $2.3M | $1.8M | 10x | as long as short |
| OKX CL-USDT-SWAP | −0.0031% | 4h | 93.260 | −8.717% | $42.6M | $103.0M | 50x | as long as short |
| Phoenix WTIOIL | −0.0009% | 1h | 93.300 | −8.678% | $37K | $41K | 20x | as long as short |
| tradeXYZ xyz:CLshort | −0.0008% | 1h | 93.267 | −8.710% | $184.7M | $217.8M | 20x | |
| KuCoin CLUSDTM | −0.0006% | 4h | 93.315 | −8.663% | $7.1M | $2.4M | 50x | as long as short |
| dYdX WTI-USD | 0.0000% | 1h | 93.352 | −8.627% | $8K | $3K | 5x | as long as short |
| Bybit CLUSDT | 0.0000% | 8h | 93.272 | −8.705% | $26.9M | $80.6M | 150x | as long as short |
| RISEx CL/USDC | 0.0000% | 1h | 93.376 | −8.604% | $3.1M | $2.9M | 20x | as long as short |
| Bullet WTIOIL-USD | 0.0000% | 1h | 93.315 | −8.663% | $18K | $242K | 10x | as long as short |
| gTrade (Gains Network) WTI/USD | L 0.0000% / S +0.0036% | 1h | 92.867 | −9.102% | $5K | — | 150x | as long as short |
| Paradex CL-USD-PERP | +0.0018% | 8h | 93.299 | −8.679% | $16K | $367 | 5x | as long as short |
| Lighter WTI | +0.0032% | 1h | 93.283 | −8.695% | $11.2M | $10.3M | 20x | as long as short |
| Extended WTI-USD | +0.0032% | 1h | 93.290 | −8.688% | $2.0M | $19.3M | 10x | as long as short |
| StandX CL-USD | +0.0040% | 1h | 93.210 | −8.766% | $737K | $2.9M | 40x | as long as short |
| Vest CL-PERP | +0.0046% | 1h | 93.320 | −8.658% | — | $313K | 10x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.0050% | 1h | 93.308 | −8.670% | $1.7M | $1.3M | 20x | as long as short |
| SoDEX CL-USD | +0.0050% | 1h | 93.279 | −8.699% | $2.1M | $60K | 20x | as long as short |
| Pacifica CL | +0.0100% | 1h | 93.313 | −8.665% | $331K | $597K | 10x | as long as short |
| ApeX Omni CLUSDT | +0.0100% | 1h | 93.290 | −8.688% | $56K | $266K | 50x | as long as short |
| Aevo WTIOIL-PERP | +0.0104% | 1h | 93.272 | −8.705% | $4K | — | 10x | as long as short |
| BloFin CL-USDT | +0.0209% | 4h | 93.280 | −8.698% | $4.0M | $1.0M | 50x | as long as short |
| Injective WTI/USDC PERPlong | +0.0220% | 1h | 102.17 | long leg | $19K | $11K | 30x | |
| GMX WTIOIL/USD [ETH-USDC] | L +0.0220% / S −0.0148% | 1h | 93.315 | −8.663% | $81K | — | 111x | as long as short |
edgeX CLUSDC
Gate CL_USDT
Coinbase International WTIOIL-PERP-INTX
QFEX CL-USD
OKX CL-USDT-SWAP
Phoenix WTIOIL
KuCoin CLUSDTM
dYdX WTI-USD
Bybit CLUSDT
RISEx CL/USDC
Bullet WTIOIL-USD
gTrade (Gains Network) WTI/USD
Paradex CL-USD-PERP
Lighter WTI
Extended WTI-USD
StandX CL-USD
Vest CL-PERP
Polymarket Perps WTIOIL-USD
SoDEX CL-USD
Pacifica CL
ApeX Omni CLUSDT
Aevo WTIOIL-PERP
BloFin CL-USDT
GMX WTIOIL/USD [ETH-USDC]