CL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0090%/8h= −9.9% APRnext payment −$0.11 per $10,000 · paid last 24h −0.012%

Price spread now: Coinbase International against Polymarket Perps−0.740%7-day average −0.131% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$270.274% of the position

Long on Polymarket Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.369%−$37 on $10k

Price spread, last 3 days (all we have)+0.642%+$64 · spread now −0.740%, 7d avg −0.131%

Together, before fees+0.273%+$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Coinbase International is 0.609% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$61 if the spread goes back to its 7-day average of −0.131%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps WTIOIL-USD	92.716	0.0050	pay 0.0006% / 1h	1m 33s	$1.6M	$1.4M	20x
Short	Coinbase International WTIOIL-PERP-INTX	92.030	−0.0040	pay 0.0005% / 1h	1m 33s	$399K	$956K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Polymarket Perps. 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 Polymarket PerpsbpFee Coinbase InternationalbpOrdersPrice spread, now −0.740%Rate

Funding earned: −$18.9
Price spread: −0.740% → −0.131%: −$60.88
Slippage, 4 orders: −$9.36
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$107.14
Costs to cover: 0.274%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; Coinbase International: live order book, 47 min ago.

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 Polymarket Perps live order book, 2 min ago	2.32 bp	7.0 bp −$7	8.0 bp −$80	10.6 bp −$1,063	doesn't fit
Sell Coinbase International live order book, 47 min ago	1.63 bp	6.6 bp −$7	9.3 bp −$93	doesn't fit	doesn't fit

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
GRVT CL_USDT_Perp	−0.0346%	4h	92.649	−0.072%	$58K	$630K	25x	as long as short
Aster CLUSD1	−0.0338%	4h	92.680	−0.039%	$23.9M	$75.0M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0289%	1h	92.660	−0.060%	$123K	$274K	15x	as long as short
Binance CLUSDT	−0.0284%	4h	92.670	−0.050%	$244.5M	$1.02B	100x	as long as short
Variational Omni CL	−0.0273%	4h	92.658	−0.063%	$13.3M	$11.5M	—	as long as short
Gate CL_USDT	−0.0189%	8h	92.600	−0.125%	$21.3M	$55.6M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.709	−0.007%	$275K	$912K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0053%	1h	92.670	−0.050%	$3.5M	$5.9M	20x	as long as short
Nado WTI-PERP	−0.0051%	1h	92.754	+0.041%	$935K	$701K	10x	as long as short
Coinbase International WTIOIL-PERP-INTXshort	−0.0040%	1h	92.030	−0.740%	$399K	$956K	15x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.650	−0.071%	$2.4M	$1.7M	10x	as long as short
tradeXYZ xyz:CL	−0.0032%	1h	92.673	−0.046%	$186.0M	$233.6M	20x	as long as short
OKX CL-USDT-SWAP	−0.0002%	4h	92.660	−0.060%	$42.9M	$108.5M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.742	+0.028%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.690	−0.028%	$26.4M	$87.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.783	+0.072%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.665	−0.055%	$42.1M	$47.9M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.680	−0.039%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.704	−0.013%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.246	−0.507%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	92.690	−0.028%	$2.3M	$25.6M	10x	as long as short
Paradex CL-USD-PERP	+0.0011%	8h	92.649	−0.072%	$15K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	92.671	−0.049%	$11.2M	$10.3M	20x	as long as short
edgeX CLUSDC	+0.0035%	4h	92.691	−0.027%	$533K	$300K	30x	as long as short
StandX CL-USD	+0.0040%	1h	92.370	−0.373%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.730	+0.015%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USDlong	+0.0050%	1h	92.716	long leg	$1.6M	$1.4M	20x
SoDEX CL-USD	+0.0050%	1h	92.679	−0.040%	$2.1M	$59K	20x	as long as short
KuCoin CLUSDTM	+0.0078%	4h	92.673	−0.046%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.668	−0.052%	$354K	$605K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.780	+0.069%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.646	−0.075%	$4K	—	10x	as long as short
Aftermath Perps WTIUSD	+0.0120%	1h	92.700	−0.017%	$2K	$28K	5x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.675	−0.044%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.69	+9.679%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.640	−0.082%	$4.0M	$1.2M	50x	as long as short