CL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.023%

Price spread now: Bullet against Pacifica+0.029%45s7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$290.287% of the position

Long on Pacifica Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.005%−$1 · spread now +0.029%, 7d avg +0.025%

Together, before fees−0.024%+ Points / potential airdropPacifica: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 45 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	Pacifica CL	93.653	0.0100	pay 0.0013% / 1h	47m 31s	$333K	$576K	10x
Short	Bullet WTIOIL-USD	93.680	0	get 0.0000% / 1h	47m 31s	$18K	$239K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Pacifica. 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 PacificabpFee BulletbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$21
Price spread: +0.029% → +0.025%: $0.38
Slippage, 4 orders: −$12.71
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$49.33
Costs to cover: 0.287%
Break-even: never at this rate

Slippage from Pacifica: live order book, 61 min ago; Bullet: live order book, 61 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 Pacifica live order book, 61 min ago	1.29 bp	6.2 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Bullet live order book, 61 min ago	1.55 bp	7.4 bp −$7	18.4 bp −$184	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	−0.0390%	1h	93.650	−0.003%	$197K	$380K	15x	as long as short
Aster CLUSD1	−0.0260%	4h	93.701	+0.052%	$24.5M	$65.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0248%	4h	93.618	−0.037%	$58K	$629K	25x	as long as short
Binance CLUSDT	−0.0148%	4h	93.650	−0.003%	$246.5M	$927.8M	100x	as long as short
Aftermath Perps WTIUSD	−0.0143%	1h	93.643	−0.010%	$2K	$26K	5x	as long as short
Variational Omni CL	−0.0143%	4h	93.640	−0.014%	$13.5M	$10.7M	—	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.674	+0.023%	$286K	$953K	25x	as long as short
Bitget CLUSDT	−0.0104%	4h	93.636	−0.018%	$42.2M	$42.6M	100x	as long as short
Gate CL_USDT	−0.0093%	8h	93.580	−0.078%	$22.2M	$48.5M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0059%	1h	93.670	+0.018%	$3.5M	$5.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0044%	1h	93.648	−0.005%	$185.0M	$210.9M	20x	as long as short
edgeX CLUSDC	−0.0031%	4h	93.692	+0.042%	$527K	$306K	30x	as long as short
QFEX CL-USD	−0.0023%	1h	93.640	−0.014%	$2.3M	$2.5M	10x	as long as short
Nado WTI-PERP	−0.0022%	1h	93.733	+0.085%	$966K	$629K	10x	as long as short
OKX CL-USDT-SWAP	−0.0018%	4h	93.640	−0.014%	$42.7M	$102.1M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.163%	$404K	$931K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.734	+0.086%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.678	+0.027%	$27.3M	$79.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.711	+0.062%	$3.1M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.730	+0.082%	$38K	$39K	20x	as long as short
Bullet WTIOIL-USDshort	0.0000%	1h	93.680	+0.029%	$18K	$239K	10x
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.206	−0.477%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0029%	8h	93.644	−0.010%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.651	−0.002%	$11.3M	$9.6M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.690	+0.040%	$2.0M	$16.1M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.690	+0.040%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.690	+0.040%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.680	+0.029%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.670	+0.018%	$2.1M	$60K	20x	as long as short
Pacifica CLlong	+0.0100%	1h	93.653	long leg	$333K	$576K	10x
KuCoin CLUSDTM	+0.0100%	4h	93.664	+0.012%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.760	+0.114%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.655	+0.002%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0218%	4h	93.730	+0.082%	$4.0M	$981K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.74	+9.707%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0244% / S −0.0178%	1h	93.665	+0.013%	$84K	—	111x	as long as short