CL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0127%/8h= +14.0% APRnext payment +$0.16 per $10,000 · paid last 24h +0.092%

Price spread now: GMX against Phoenix−0.038%65s7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.038% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 24 hours of funding at the current rate (+$4 a day). The two prices were read 65 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	Phoenix WTIOIL	92.120	0	get 0.0000% / 1h	40m 14s	$37K	$101K	20x
Short	GMX WTIOIL/USD [ETH-USDC]	92.085	L +0.0203% / S −0.0127%	get 0.0016% / 1h	40m 14s	$76K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Phoenix. 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 PhoenixbpFee GMXbpOrdersPrice spread, now −0.038%Rate

Funding earned: $26.76
Price spread: −0.038% → 0.000%: −$3.8
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $3.96
Costs to cover: 0.190%
Break-even: 6.0 days

Slippage unknown: Phoenix: live order book, 13 min ago; GMX: 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 Phoenix live order book, 13 min ago	2.17 bp	8.9 bp −$9	17.6 bp −$176	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Kraken Futures PF_WTIOILUSD	−0.0450%	1h	92.141	+0.023%	$274K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0310%	4h	92.070	−0.054%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0234%	4h	92.100	−0.022%	$24.0M	$77.7M	20x	as long as short
Nado WTI-PERP	−0.0172%	1h	92.133	+0.014%	$924K	$740K	10x	as long as short
Binance CLUSDT	−0.0159%	4h	92.090	−0.033%	$245.4M	$1.10B	100x	as long as short
Variational Omni CL	−0.0138%	4h	92.053	−0.072%	$13.4M	$12.4M	—	as long as short
Lighter WTI	−0.0128%	1h	92.073	−0.051%	$11.1M	$10.9M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0114%	1h	92.080	−0.043%	$3.5M	$6.4M	20x	as long as short
Paradex CL-USD-PERP	−0.0104%	8h	92.055	−0.070%	$15K	$367	5x	as long as short
tradeXYZ xyz:CL	−0.0097%	1h	92.106	−0.015%	$187.1M	$276.8M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WTIOIL_USDC-PERPETUAL	−0.0076%	1h	92.100	−0.022%	$96K	$189K	15x	as long as short
Bullet WTIOIL-USD	−0.0060%	1h	92.085	−0.038%	$18K	$241K	10x	as long as short
QFEX CL-USD	−0.0054%	1h	92.050	−0.076%	$2.4M	$2.6M	10x	as long as short
Gate CL_USDT	−0.0026%	8h	92.020	−0.109%	$21.3M	$57.6M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.097	−0.025%	$332K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	−0.013%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.110	−0.011%	$25.5M	$94.8M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.090	−0.033%	$43.1M	$112.8M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.184	+0.070%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.080	−0.043%	$42.0M	$51.7M	100x	as long as short
Phoenix WTIOILlong	0.0000%	1h	92.120	long leg	$37K	$101K	20x
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.098%	$399K	$966K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.647	−0.513%	$4K	—	150x	as long as short
Extended WTI-USD	+0.0016%	1h	92.130	+0.011%	$2.0M	$27.5M	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0039%	1h	92.078	−0.046%	$1.6M	$1.4M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.130	+0.011%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.120	0.000%	—	$308K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.085	−0.038%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0059%	4h	92.037	−0.090%	$529K	$336K	30x	as long as short
Aftermath Perps WTIUSD	+0.0086%	1h	92.085	−0.038%	$1K	$29K	5x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.082	−0.041%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.150	+0.033%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.062	−0.063%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]short	L +0.0203% / S −0.0127%	1h	92.085	−0.038%	$76K	—	111x
Injective WTI/USDC PERP	+0.0220%	1h	101.28	+9.938%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.080	−0.043%	$4.0M	$1.4M	50x	as long as short