CL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.015%

Price spread now: SoDEX against Phoenix+0.015%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on SoDEX

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix WTIOIL	92.920	0	get 0.0000% / 1h	14m 58s	$37K	$51K	20x
Short	SoDEX CL-USD	92.934	0.0050	get 0.0006% / 1h	14m 58s	$2.1M	$61K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.015%Rate

Funding earned: $10.5
Price spread: +0.015% → 0.000%: $1.51
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$2.99
Costs to cover: 0.150%
Break-even: 9.0 days

Slippage unknown: Phoenix: no order-book sample; SoDEX: live order book, 4 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 Phoenix no order-book sample	—	—	—	—	—
Sell SoDEX live order book, 4 min ago	0.54 bp	18.9 bp −$19	96.8 bp −$968	doesn't fit	doesn't fit

Phoenix: 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 35 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	−0.0395%	1h	92.910	−0.011%	$198K	$365K	15x	as long as short
Aster CLUSD1	−0.0283%	4h	92.984	+0.069%	$24.0M	$72.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0258%	4h	92.840	−0.086%	$53K	$631K	25x	as long as short
Binance CLUSDT	−0.0245%	4h	92.955	+0.037%	$245.1M	$976.1M	100x	as long as short
Variational Omni CL	−0.0240%	4h	92.898	−0.024%	$13.4M	$11.0M	—	as long as short
Gate CL_USDT	−0.0111%	8h	92.900	−0.022%	$20.9M	$53.9M	100x	as long as short
Nado WTI-PERP	−0.0069%	1h	92.977	+0.061%	$965K	$675K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.183%	$402K	$946K	15x	as long as short
tradeXYZ xyz:CL	−0.0044%	1h	92.950	+0.032%	$184.7M	$220.5M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.974	+0.058%	$274K	$884K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0033%	1h	92.920	0.000%	$2.5M	$1.7M	10x	as long as short
Ondo Perps WTI-USD.P	−0.0030%	1h	92.880	−0.043%	$3.5M	$5.7M	20x	as long as short
OKX CL-USDT-SWAP	−0.0016%	4h	92.950	+0.032%	$42.9M	$105.0M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.911	−0.009%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.980	+0.065%	$27.0M	$82.1M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.942	+0.024%	$42.0M	$43.9M	100x	as long as short
Phoenix WTIOILlong	0.0000%	1h	92.920	long leg	$37K	$51K	20x
Bullet WTIOIL-USD	0.0000%	1h	92.932	+0.013%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.478	−0.476%	$5K	—	150x	as long as short
Aftermath Perps WTIUSD	+0.0010%	1h	92.873	−0.050%	$2K	$28K	5x	as long as short
Paradex CL-USD-PERP	+0.0030%	8h	92.913	−0.007%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.934	+0.015%	$11.2M	$10.4M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.980	+0.065%	$2.1M	$24.2M	10x	as long as short
RISEx CL/USDC	+0.0037%	1h	93.042	+0.132%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.360	−0.603%	$726K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.940	+0.022%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.944	+0.026%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USDshort	+0.0050%	1h	92.934	+0.015%	$2.1M	$61K	20x
edgeX CLUSDC	+0.0061%	4h	92.816	−0.112%	$528K	$303K	30x	as long as short
KuCoin CLUSDTM	+0.0078%	4h	92.969	+0.053%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.939	+0.021%	$332K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.840	−0.086%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.897	−0.025%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.925	+0.005%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.04	+9.811%	$19K	$11K	30x	as long as short