CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0086%/8h= −9.4% APRnext payment −$0.43 per $10,000 · paid last 24h −0.006%

Price spread now: Bitget against OKX+0.020%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 7 days−0.031%−$3 · spread now +0.020%, 7d avg −0.003%

Together, before fees−0.082%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.024% dearer against OKX than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.003%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.052% in total) that is about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CL-USDT-SWAP	93.600	−0.0014	get 0.0007% / 4h	1h 29m	$42.6M	$101.4M	50x
Short	Bitget CLUSDT	93.619	−0.0100	pay 0.0050% / 4h	1h 29m	$42.2M	$42.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$18.1
Price spread: +0.020% → −0.003%: $2.36
Slippage, 4 orders: −$4.3
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$42.03
Costs to cover: 0.263%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Bitget: live order book, 5 min ago.

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 OKX live order book, 4 min ago	0.53 bp	5.5 bp −$6	6.2 bp −$62	13.1 bp −$1,309	doesn't fit
Sell Bitget live order book, 5 min ago	0.37 bp	7.1 bp −$7	8.6 bp −$86	doesn't fit	doesn't fit

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	−0.0391%	1h	93.600	0.000%	$197K	$383K	15x	as long as short
Aster CLUSD1	−0.0269%	4h	93.668	+0.073%	$24.6M	$65.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0256%	4h	93.654	+0.058%	$58K	$618K	25x	as long as short
Binance CLUSDT	−0.0146%	4h	93.631	+0.034%	$247.1M	$917.7M	100x	as long as short
Aftermath Perps WTIUSD	−0.0142%	1h	93.667	+0.072%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.640	+0.043%	$283K	$960K	25x	as long as short
Variational Omni CL	−0.0135%	4h	93.659	+0.063%	$13.5M	$10.6M	—	as long as short
Ondo Perps WTI-USD.P	−0.0115%	1h	93.570	−0.032%	$3.5M	$5.4M	20x	as long as short
Gate CL_USDT	−0.0105%	8h	93.540	−0.064%	$22.4M	$49.2M	100x	as long as short
Bitget CLUSDTshort	−0.0100%	4h	93.619	+0.020%	$42.2M	$42.0M	100x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0073%	1h	93.623	+0.025%	$185.2M	$206.9M	20x	as long as short
Nado WTI-PERP	−0.0053%	1h	93.673	+0.078%	$966K	$621K	10x	as long as short
edgeX CLUSDC	−0.0042%	4h	93.649	+0.053%	$526K	$307K	30x	as long as short
QFEX CL-USD	−0.0023%	1h	93.640	+0.043%	$2.3M	$2.5M	10x	as long as short
OKX CL-USDT-SWAPlong	−0.0014%	4h	93.600	long leg	$42.6M	$101.4M	50x
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.107%	$404K	$916K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.733	+0.142%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.638	+0.041%	$27.0M	$79.1M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.721	+0.129%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.690	+0.096%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.637	+0.040%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.188	−0.440%	$5K	—	150x	as long as short
Lighter WTI	+0.0016%	1h	93.626	+0.028%	$11.3M	$9.6M	20x	as long as short
Paradex CL-USD-PERP	+0.0026%	8h	93.609	+0.009%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.660	+0.064%	$2.0M	$15.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.680	+0.085%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.640	+0.043%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.623	+0.025%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.629	+0.031%	$2.1M	$61K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.621	+0.022%	$333K	$574K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.683	+0.089%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.690	+0.096%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.597	−0.003%	$4K	—	10x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.97	+10.014%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0224%	4h	93.660	+0.064%	$4.0M	$977K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0246% / S −0.0179%	1h	93.675	+0.080%	$84K	—	111x	as long as short