CL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h +0.014%

Price spread now: Vest against Phoenix−0.021%58s7-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 Vest

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—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.021% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 37 hours of funding at the current rate (+$1 a day). The two prices were read 58 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	93.690	0	get 0.0000% / 1h	25m 56s	$37K	$39K	20x
Short	Vest CL-PERP	93.670	0.0046	get 0.0006% / 1h	25m 56s	—	$313K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.021%Rate

Funding earned: $9.59
Price spread: −0.021% → 0.000%: −$2.13
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Vest: 1 bp × 2 orders: −$2
Net: −$1.54
Costs to cover: 0.090%
Break-even: 8.1 days

Slippage unknown: Phoenix: no order-book sample; Vest: 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 no order-book sample	—	—	—	—	—
Sell Vest no order-book sample	—	—	—	—	—

Phoenix and Vest: 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	−0.0497%	1h	93.610	−0.085%	$196K	$383K	15x	as long as short
Aster CLUSD1	−0.0273%	4h	93.653	−0.040%	$24.6M	$65.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0256%	4h	93.654	−0.039%	$58K	$618K	25x	as long as short
Binance CLUSDT	−0.0148%	4h	93.621	−0.074%	$247.0M	$916.9M	100x	as long as short
Aftermath Perps WTIUSD	−0.0141%	1h	93.684	−0.006%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.663	−0.029%	$283K	$960K	25x	as long as short
Variational Omni CL	−0.0135%	4h	93.659	−0.034%	$13.5M	$10.6M	—	as long as short
Ondo Perps WTI-USD.P	−0.0116%	1h	93.620	−0.075%	$3.5M	$5.3M	20x	as long as short
Gate CL_USDT	−0.0108%	8h	93.550	−0.149%	$22.5M	$49.4M	100x	as long as short
Bitget CLUSDT	−0.0102%	4h	93.618	−0.077%	$42.3M	$42.1M	100x	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	−0.0075%	1h	93.641	−0.052%	$185.2M	$207.0M	20x	as long as short
Nado WTI-PERP	−0.0055%	1h	93.711	+0.023%	$966K	$620K	10x	as long as short
edgeX CLUSDC	−0.0042%	4h	93.616	−0.079%	$526K	$305K	30x	as long as short
QFEX CL-USD	−0.0023%	1h	93.650	−0.043%	$2.3M	$2.5M	10x	as long as short
OKX CL-USDT-SWAP	−0.0019%	4h	93.620	−0.075%	$43.0M	$101.8M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.203%	$404K	$916K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.729	+0.042%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.630	−0.064%	$27.0M	$79.0M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.710	+0.022%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOILlong	0.0000%	1h	93.690	long leg	$37K	$39K	20x
Bullet WTIOIL-USD	0.0000%	1h	93.667	−0.024%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.189	−0.535%	$5K	—	150x	as long as short
Lighter WTI	+0.0016%	1h	93.632	−0.062%	$11.3M	$9.6M	20x	as long as short
Paradex CL-USD-PERP	+0.0023%	8h	93.641	−0.052%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.680	−0.011%	$2.0M	$15.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.680	−0.011%	$742K	$2.8M	40x	as long as short
Vest CL-PERPshort	+0.0046%	1h	93.670	−0.021%	—	$313K	10x
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.654	−0.038%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.629	−0.065%	$2.1M	$61K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.665	−0.027%	$333K	$574K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.684	−0.006%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.660	−0.032%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.620	−0.075%	$4K	—	10x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.97	+9.908%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0224%	4h	93.640	−0.053%	$4.0M	$977K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0246% / S −0.0180%	1h	93.695	+0.005%	$84K	—	111x	as long as short