Funding you earn now, next payment 04:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.001%
Price spread now: Coinbase International against Paradex−0.173%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 −$1 a day on $10k at the current rate, and Coinbase International is 0.173% cheaper against Paradex than usual: you would sell low and buy high (−$17 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 | Paradex CL-USD-PERP | 93.321 | −0.0022 | get 0.0022% / 8h | 3h 06m | $16K | $367 | 5x |
| Short | Coinbase International WTIOIL-PERP-INTX | 93.160 | −0.0040 | pay 0.0005% / 1h | 6m 55s | $403K | $929K | 15x |
Paradex CL-USD-PERP
Coinbase International WTIOIL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Paradex. 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
- −$3.82
- Price spread: −0.173% → 0.000%
- −$17.26
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$35.08
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Coinbase International: live order book, 21 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 21 min ago | 1.07 bp | 6.1 bp −$6 | 7.8 bp −$78 | doesn't fit | doesn't fit |
Paradex: 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 | −0.0500% | 1h | 93.320 | −0.001% | $198K | $371K | 15x | as long as short |
| GRVT CL_USDT_Perp | −0.0334% | 4h | 93.324 | +0.003% | $58K | $654K | 25x | as long as short |
| Aster CLUSD1 | −0.0284% | 4h | 93.360 | +0.042% | $24.3M | $65.9M | 20x | as long as short |
| Binance CLUSDT | −0.0189% | 4h | 93.340 | +0.020% | $246.5M | $940.0M | 100x | as long as short |
| Variational Omni CL | −0.0173% | 4h | 93.308 | −0.014% | $13.3M | $10.9M | — | as long as short |
| Aftermath Perps WTIUSD | −0.0141% | 1h | 93.300 | −0.022% | $2K | $26K | 5x | as long as short |
| Bitget CLUSDT | −0.0130% | 4h | 93.320 | −0.001% | $42.0M | $43.2M | 100x | as long as short |
| Ondo Perps WTI-USD.P | −0.0129% | 1h | 93.280 | −0.044% | $3.5M | $5.4M | 20x | as long as short |
| Nado WTI-PERP | −0.0110% | 1h | 93.403 | +0.088% | $966K | $629K | 10x | as long as short |
| edgeX CLUSDC | −0.0079% | 4h | 93.332 | +0.011% | $525K | $306K | 30x | as long as short |
Deribit WTIOIL_USDC-PERPETUAL
GRVT CL_USDT_Perp
Aster CLUSD1
Binance CLUSDT
Variational Omni CL
Aftermath Perps WTIUSD
Bitget CLUSDT
Ondo Perps WTI-USD.P
Nado WTI-PERP
edgeX CLUSDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate CL_USDT | −0.0069% | 8h | 93.280 | −0.044% | $21.4M | $51.5M | 100x | as long as short |
| OKX CL-USDT-SWAP | −0.0065% | 4h | 93.340 | +0.020% | $42.7M | $103.1M | 50x | as long as short |
| tradeXYZ xyz:CL | −0.0061% | 1h | 93.335 | +0.015% | $184.7M | $217.1M | 20x | as long as short |
| Kraken Futures PF_WTIOILUSD | −0.0061% | 1h | 93.368 | +0.050% | $282K | $961K | 25x | as long as short |
| Coinbase International WTIOIL-PERP-INTXshort | −0.0040% | 1h | 93.160 | −0.173% | $403K | $929K | 15x | |
| QFEX CL-USD | −0.0033% | 1h | 93.330 | +0.010% | $2.3M | $2.0M | 10x | as long as short |
| Paradex CL-USD-PERPlong | −0.0022% | 8h | 93.321 | long leg | $16K | $367 | 5x | |
| Phoenix WTIOIL | −0.0009% | 1h | 93.370 | +0.052% | $37K | $41K | 20x | as long as short |
| Lighter WTI | 0.0000% | 1h | 93.337 | +0.017% | $11.2M | $10.4M | 20x | as long as short |
| dYdX WTI-USD | 0.0000% | 1h | 93.329 | +0.009% | $8K | $3K | 5x | as long as short |
| Bybit CLUSDT | 0.0000% | 8h | 93.358 | +0.040% | $26.9M | $80.1M | 150x | as long as short |
| RISEx CL/USDC | 0.0000% | 1h | 93.408 | +0.093% | $3.1M | $2.9M | 20x | as long as short |
| Bullet WTIOIL-USD | 0.0000% | 1h | 93.351 | +0.032% | $19K | $241K | 10x | as long as short |
| gTrade (Gains Network) WTI/USD | L 0.0000% / S +0.0036% | 1h | 92.903 | −0.448% | $5K | — | 150x | as long as short |
| Extended WTI-USD | +0.0008% | 1h | 93.380 | +0.063% | $2.0M | $18.3M | 10x | as long as short |
| KuCoin CLUSDTM | +0.0016% | 4h | 93.372 | +0.055% | $7.1M | $2.4M | 50x | as long as short |
| StandX CL-USD | +0.0040% | 1h | 93.180 | −0.151% | $737K | $2.9M | 40x | as long as short |
| Vest CL-PERP | +0.0046% | 1h | 93.360 | +0.042% | — | $313K | 10x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.0050% | 1h | 93.347 | +0.028% | $1.7M | $1.3M | 20x | as long as short |
| SoDEX CL-USD | +0.0050% | 1h | 93.348 | +0.029% | $2.1M | $60K | 20x | as long as short |
| Pacifica CL | +0.0100% | 1h | 93.350 | +0.031% | $331K | $579K | 10x | as long as short |
| ApeX Omni CLUSDT | +0.0100% | 1h | 93.400 | +0.085% | $54K | $266K | 50x | as long as short |
| Aevo WTIOIL-PERP | +0.0104% | 1h | 93.314 | −0.007% | $4K | — | 10x | as long as short |
| BloFin CL-USDT | +0.0175% | 4h | 93.350 | +0.031% | $4.0M | $990K | 50x | as long as short |
| Injective WTI/USDC PERP | +0.0220% | 1h | 102.37 | +9.698% | $19K | $11K | 30x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | L +0.0225% / S −0.0152% | 1h | 93.355 | +0.036% | $81K | — | 111x | as long as short |
Gate CL_USDT
OKX CL-USDT-SWAP
tradeXYZ xyz:CL
Kraken Futures PF_WTIOILUSD
QFEX CL-USD
Phoenix WTIOIL
Lighter WTI
dYdX WTI-USD
Bybit CLUSDT
RISEx CL/USDC
Bullet WTIOIL-USD
gTrade (Gains Network) WTI/USD
Extended WTI-USD
KuCoin CLUSDTM
StandX CL-USD
Vest CL-PERP
Polymarket Perps WTIOIL-USD
SoDEX CL-USD
Pacifica CL
ApeX Omni CLUSDT
Aevo WTIOIL-PERP
BloFin CL-USDT
Injective WTI/USDC PERP
GMX WTIOIL/USD [ETH-USDC]