CL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0068%/8h= −7.5% APRnext payment −$0.09 per $10,000 · paid last 24h −0.013%

Price spread now: tradeXYZ against Phoenix−0.100%7-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 tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.125%−$13 on $10k

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.100% cheaper against Phoenix than usual: you would sell low and buy high (−$10 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	Phoenix WTIOIL	92.910	0	get 0.0000% / 1h	24m 47s	$37K	$42K	20x
Short	tradeXYZ xyz:CL	92.817	−0.0068	pay 0.0009% / 1h	24m 47s	$184.5M	$217.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.100%Rate

Funding earned: −$14.34
Price spread: −0.100% → 0.000%: −$10.01
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$49.35
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; tradeXYZ: 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 tradeXYZ live order book, 4 min ago	0.05 bp	9.1 bp −$9	9.1 bp −$91	11.0 bp −$1,100	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 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	−0.0503%	1h	92.860	−0.054%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0252%	4h	92.820	−0.097%	$23.9M	$68.4M	20x	as long as short
GRVT CL_USDT_Perp	−0.0236%	4h	92.878	−0.034%	$61K	$625K	25x	as long as short
Binance CLUSDT	−0.0207%	4h	92.810	−0.108%	$244.4M	$952.4M	100x	as long as short
Variational Omni CL	−0.0202%	4h	92.856	−0.058%	$13.6M	$11.1M	—	as long as short
Ondo Perps WTI-USD.P	−0.0168%	1h	92.830	−0.086%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0156%	1h	92.934	+0.026%	$962K	$660K	10x	as long as short
Gate CL_USDT	−0.0088%	8h	92.760	−0.161%	$20.9M	$52.6M	100x	as long as short
edgeX CLUSDC	−0.0079%	4h	92.903	−0.008%	$529K	$301K	30x	as long as short
tradeXYZ xyz:CLshort	−0.0068%	1h	92.817	−0.100%	$184.5M	$217.2M	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0058%	4h	92.800	−0.118%	$42.8M	$102.0M	50x	as long as short
Aftermath Perps WTIUSD	−0.0050%	1h	92.887	−0.025%	$2K	$27K	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.172%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.850	−0.065%	$2.5M	$1.7M	10x	as long as short
Extended WTI-USD	−0.0032%	1h	92.880	−0.032%	$2.1M	$22.6M	10x	as long as short
Lighter WTI	0.0000%	1h	92.818	−0.099%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.845	−0.070%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.830	−0.086%	$26.7M	$81.2M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.810	−0.108%	$41.9M	$43.3M	100x	as long as short
Phoenix WTIOILlong	0.0000%	1h	92.910	long leg	$37K	$42K	20x
Bullet WTIOIL-USD	0.0000%	1h	92.879	−0.033%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.454	−0.491%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0018%	8h	92.867	−0.046%	$16K	$367	5x	as long as short
KuCoin CLUSDTM	+0.0032%	4h	92.860	−0.054%	$7.3M	$2.3M	50x	as long as short
StandX CL-USD	+0.0040%	1h	92.430	−0.517%	$727K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.900	−0.011%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.889	−0.023%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.884	−0.028%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	92.987	+0.082%	$3.2M	$2.8M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.815	−0.102%	$331K	$619K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.980	+0.075%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.846	−0.068%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.901	−0.009%	$273K	$872K	25x	as long as short
BloFin CL-USDT	+0.0185%	4h	92.880	−0.032%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.885	−0.027%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.95	+9.734%	$19K	$11K	30x	as long as short