Funding you earn now, next payment 10:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.023%
Price spread now: Phoenix against KuCoin+0.068%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Phoenix is 0.068% dearer against KuCoin than usual: you sell high and buy low (spread +0.068% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 7 days (−0.021% in total) that is about 22 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin CLUSDTM | 89.789 | 0.0100 | pay 0.0050% / 4h | 1h 26m | $6.9M | $3.0M | 50x |
| Short | Phoenix WTIOIL | 89.850 | 0 | get 0.0000% / 1h | 26m 45s | $33K | $39K | 20x |
KuCoin CLUSDTM
Phoenix WTIOILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against KuCoin. 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
- −$21
- Price spread: +0.068% → 0.000%
- $6.79
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$33.21
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 4 min ago; Phoenix: 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 KuCoin live order book, 4 min ago | 1.45 bp | 10.1 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_WTIOILUSD | −0.0340% | 1h | 89.807 | +0.020% | $313K | $1.8M | 25x | as long as short |
| GRVT CL_USDT_Perp | −0.0098% | 4h | 89.910 | +0.135% | $61K | $643K | 25x | as long as short |
| Aftermath Perps WTIUSD | −0.0096% | 1h | 89.797 | +0.009% | $1K | $26K | 5x | as long as short |
| Aster CLUSD1 | −0.0092% | 4h | 89.808 | +0.022% | $24.3M | $72.4M | 20x | as long as short |
| Bitget CLUSDT | −0.0092% | 4h | 89.729 | −0.067% | $40.9M | $55.8M | 100x | as long as short |
| Deribit WTIOIL_USDC-PERPETUAL | −0.0084% | 1h | 89.840 | +0.057% | $39K | $651K | 15x | as long as short |
| edgeX CLUSDC | −0.0058% | 4h | 89.823 | +0.038% | $496K | $366K | 30x | as long as short |
| tradeXYZ xyz:CL | −0.0053% | 1h | 89.720 | −0.077% | $165.9M | $242.4M | 20x | as long as short |
| Binance CLUSDT | −0.0052% | 4h | 89.750 | −0.043% | $240.8M | $1.20B | 100x | as long as short |
| Ondo Perps WTI-USD.P | −0.0043% | 1h | 89.750 | −0.043% | $3.4M | $6.3M | 20x | as long as short |
Kraken Futures PF_WTIOILUSD
GRVT CL_USDT_Perp
Aftermath Perps WTIUSD
Aster CLUSD1
Bitget CLUSDT
Deribit WTIOIL_USDC-PERPETUAL
edgeX CLUSDC
tradeXYZ xyz:CL
Binance CLUSDT
Ondo Perps WTI-USD.PShow all 36 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International WTIOIL-PERP-INTX | −0.0040% | 1h | 89.650 | −0.155% | $409K | $1.4M | 15x | as long as short |
| Gate CL_USDT | −0.0037% | 8h | 89.700 | −0.099% | $23.1M | $55.2M | 100x | as long as short |
| Variational Omni CL | −0.0034% | 4h | 89.864 | +0.083% | $12.7M | $11.2M | — | as long as short |
| Nado WTI-PERP | −0.0028% | 1h | 89.850 | +0.068% | $880K | $688K | 10x | as long as short |
| QFEX CL-USD | −0.0025% | 1h | 89.820 | +0.035% | $2.2M | $2.6M | 10x | as long as short |
| gTrade (Gains Network) WTI/USD | L −0.0001% / S +0.0036% | 1h | 89.496 | −0.326% | $609 | — | 150x | as long as short |
| dYdX WTI-USD | 0.0000% | 1h | 89.847 | +0.065% | $8K | $3K | 5x | as long as short |
| Bybit CLUSDT | 0.0000% | 8h | 89.760 | −0.032% | $27.8M | $109.2M | 150x | as long as short |
| OKX CL-USDT-SWAP | 0.0000% | 4h | 89.730 | −0.066% | $40.3M | $133.9M | 50x | as long as short |
| RISEx CL/USDC | 0.0000% | 1h | 89.867 | +0.086% | $2.8M | $3.1M | 20x | as long as short |
| Phoenix WTIOILshort | 0.0000% | 1h | 89.850 | +0.068% | $33K | $39K | 20x | |
| Bullet WTIOIL-USD | 0.0000% | 1h | 89.829 | +0.044% | $17K | $235K | 10x | as long as short |
| Extended WTI-USD | +0.0024% | 1h | 89.810 | +0.023% | $1.4M | $14.0M | 10x | as long as short |
| Paradex CL-USD-PERP | +0.0024% | 8h | 89.795 | +0.007% | $15K | $458 | 5x | as long as short |
| Lighter WTI | +0.0032% | 1h | 89.804 | +0.017% | $10.6M | $10.7M | 20x | as long as short |
| StandX CL-USD | +0.0040% | 1h | 89.830 | +0.046% | $693K | $2.7M | 40x | as long as short |
| Vest CL-PERP | +0.0046% | 1h | 89.800 | +0.012% | — | $313K | 10x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.0050% | 1h | 89.776 | −0.014% | $1.6M | $1.4M | 20x | as long as short |
| SoDEX CL-USD | +0.0050% | 1h | 89.830 | +0.046% | $2.0M | $83K | 20x | as long as short |
| Pacifica CL | +0.0100% | 1h | 89.813 | +0.027% | $301K | $739K | 10x | as long as short |
| KuCoin CLUSDTMlong | +0.0100% | 4h | 89.789 | long leg | $6.9M | $3.0M | 50x | |
| ApeX Omni CLUSDT | +0.0100% | 1h | 89.850 | +0.068% | $52K | $267K | 50x | as long as short |
| Aevo WTIOIL-PERP | +0.0104% | 1h | 89.811 | +0.024% | $4K | — | 10x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | L +0.0164% / S +0.0005% | 1h | 89.835 | +0.051% | $75K | — | 111x | as long as short |
| Injective WTI/USDC PERP | +0.0220% | 1h | 90.137 | +0.388% | $16K | $5K | 30x | as long as short |
| BloFin CL-USDT | +0.0240% | 4h | 89.820 | +0.035% | $3.9M | $1.0M | 50x | as long as short |
Coinbase International WTIOIL-PERP-INTX
Gate CL_USDT
Variational Omni CL
Nado WTI-PERP
QFEX CL-USD
gTrade (Gains Network) WTI/USD
dYdX WTI-USD
Bybit CLUSDT
OKX CL-USDT-SWAP
RISEx CL/USDC
Bullet WTIOIL-USD
Extended WTI-USD
Paradex CL-USD-PERP
Lighter WTI
StandX CL-USD
Vest CL-PERP
Polymarket Perps WTIOIL-USD
SoDEX CL-USD
Pacifica CL
ApeX Omni CLUSDT
Aevo WTIOIL-PERP
GMX WTIOIL/USD [ETH-USDC]
Injective WTI/USDC PERP
BloFin CL-USDT