CL

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0082%/8h= +9.0% APRnext payment +$0.10 per $10,000 · paid last 24h +0.010%

Price spread now: Coinbase International against Ondo Perps+0.410%7-day average −0.063% · you sell dearer than you buy

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

Long on Ondo Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.287%−$29 on $10k

Price spread, last 4 days (all we have)−0.468%−$47 · spread now +0.410%, 7d avg −0.063%

Together, before fees−0.755%+ Points / potential airdropOndo Perps: Active · farm board−$75 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.473% dearer against Ondo Perps than usual: you sell high and buy low: +$47 more if the spread goes back to its 7-day average of −0.063%. Mind the row above: over the last 7 days funding on this pair cost −0.287%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps WTI-USD.P	90.250	−0.0106	get 0.0013% / 1h	44m 11s	$3.4M	$6.7M	20x
Short	Coinbase International WTIOIL-PERP-INTX	90.620	−0.0024	pay 0.0003% / 1h	44m 11s	$442K	$1.9M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Ondo Perps. 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 Ondo PerpsbpFee Coinbase InternationalbpOrdersPrice spread, now +0.410%Rate

Funding earned: $17.3
Price spread: +0.410% → −0.063%: $47.3
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $49.6
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; Coinbase International: live order book, 3 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 3 min ago	1.66 bp	8.6 bp −$9	11.5 bp −$115	doesn't fit	doesn't fit

Ondo Perps: 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
Deribit WTIOIL_USDC-PERPETUAL	−0.0303%	1h	90.360	+0.122%	$38K	$641K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0231%	1h	90.321	+0.079%	$313K	$2.2M	25x	as long as short
Aftermath Perps WTIUSD	−0.0153%	1h	90.281	+0.035%	$1K	$26K	5x	as long as short
tradeXYZ xyz:CL	−0.0134%	1h	90.284	+0.038%	$175.0M	$254.4M	20x	as long as short
GRVT CL_USDT_Perp	−0.0116%	4h	90.244	−0.006%	$68K	$645K	25x	as long as short
Ondo Perps WTI-USD.Plong	−0.0106%	1h	90.250	long leg	$3.4M	$6.7M	20x
Bitget CLUSDT	−0.0100%	4h	90.366	+0.129%	$40.7M	$59.5M	100x	as long as short
Aster CLUSD1	−0.0078%	4h	90.420	+0.188%	$24.5M	$73.5M	20x	as long as short
Nado WTI-PERP	−0.0077%	1h	90.370	+0.133%	$891K	$710K	10x	as long as short
Extended WTI-USD	−0.0064%	1h	90.410	+0.177%	$1.3M	$14.0M	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0037%	4h	90.332	+0.091%	$503K	$374K	30x	as long as short
Binance CLUSDT	−0.0034%	4h	90.350	+0.111%	$247.1M	$1.24B	100x	as long as short
Gate CL_USDT	−0.0033%	8h	90.250	0.000%	$23.9M	$56.4M	100x	as long as short
Coinbase International WTIOIL-PERP-INTXshort	−0.0024%	1h	90.620	+0.410%	$442K	$1.9M	15x
QFEX CL-USD	−0.0017%	1h	90.290	+0.044%	$2.2M	$3.0M	10x	as long as short
Variational Omni CL	−0.0015%	4h	90.492	+0.268%	$12.6M	$11.3M	—	as long as short
Phoenix WTIOIL	−0.0009%	1h	90.520	+0.299%	$33K	$38K	20x	as long as short
Lighter WTI	−0.0008%	1h	90.349	+0.110%	$10.6M	$11.2M	20x	as long as short
OKX CL-USDT-SWAP	−0.0006%	4h	90.340	+0.100%	$40.5M	$140.9M	50x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	90.001	−0.276%	$612	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	90.344	+0.104%	$9K	$4K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	90.380	+0.144%	$29.2M	$114.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.380	+0.145%	$2.8M	$3.1M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	90.362	+0.124%	$18K	$235K	10x	as long as short
Paradex CL-USD-PERP	+0.0012%	8h	90.287	+0.041%	$15K	$458	5x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	90.137	−0.125%	$16K	$5K	30x	as long as short
StandX CL-USD	+0.0040%	1h	90.300	+0.055%	$696K	$2.7M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	90.370	+0.133%	—	$315K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	90.307	+0.063%	$1.7M	$1.5M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	90.367	+0.130%	$2.0M	$87K	20x	as long as short
Pacifica CL	+0.0100%	1h	90.308	+0.064%	$317K	$758K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	90.372	+0.135%	$6.7M	$3.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	90.520	+0.299%	$53K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	90.333	+0.092%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0158% / S +0.0008%	1h	90.365	+0.127%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	90.520	+0.299%	$3.9M	$1.0M	50x	as long as short