CL

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.019%

Price spread now: Deribit against Polymarket Perps+0.038%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$270.269% of the position

Long on Polymarket Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.074%−$7 on $10k

Price spread, last 3 days (all we have)−0.397%−$40 · spread now +0.038%, 7d avg −0.022%

Together, before fees−0.471%−$47 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.060% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.038% now, against its 7-day average of −0.022%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps WTIOIL-USD	91.855	0.0050	pay 0.0006% / 1h	31m 30s	$1.6M	$1.3M	20x
Short	Deribit WTIOIL_USDC-PERPETUAL	91.890	0	get 0.0000% / 1h	31m 30s	$95K	$314K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$10.5
Price spread: +0.038% → −0.022%: $6.02
Slippage, 4 orders: −$11.89
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$31.37
Costs to cover: 0.269%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; Deribit: live order book, 17 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, 3 min ago	2.50 bp	7.9 bp −$8	10.6 bp −$106	doesn't fit	doesn't fit
Sell Deribit live order book, 17 min ago	0.54 bp	4.0 bp −$4	4.1 bp −$41	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
Aster CLUSD1	−0.0122%	4h	91.890	+0.038%	$24.7M	$70.7M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	91.896	+0.045%	$252K	$1.3M	25x	as long as short
Aftermath Perps WTIUSD	−0.0092%	1h	91.847	−0.008%	$2K	$32K	5x	as long as short
Binance CLUSDT	−0.0066%	4h	91.890	+0.038%	$244.3M	$1.06B	100x	as long as short
tradeXYZ xyz:CL	−0.0063%	1h	91.873	+0.020%	$182.8M	$291.1M	20x	as long as short
Variational Omni CL	−0.0063%	4h	91.856	+0.002%	$13.5M	$16.3M	—	as long as short
gTrade (Gains Network) WTI/USD	L −0.0038% / S +0.0036%	1h	91.566	−0.315%	$178K	—	20x	as long as short
QFEX CL-USD	−0.0031%	1h	91.890	+0.038%	$2.4M	$2.9M	10x	as long as short
dYdX WTI-USD	0.0000%	1h	91.870	+0.016%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	91.885	+0.033%	$24.8M	$95.6M	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	0.0000%	4h	91.870	+0.016%	$42.9M	$112.0M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.001	+0.159%	$3.2M	$2.6M	20x	as long as short
Gate CL_USDT	0.0000%	8h	91.850	−0.005%	$21.0M	$61.9M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.874	+0.021%	$42.4M	$63.8M	100x	as long as short
GRVT CL_USDT_Perp	0.0000%	4h	91.846	−0.010%	$61K	$807K	25x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	91.865	+0.011%	$18K	$244K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUALshort	0.0000%	1h	91.890	+0.038%	$95K	$314K	15x
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.020	+0.180%	$396K	$1.1M	15x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.830	−0.027%	$33K	$99K	20x	as long as short
Nado WTI-PERP	+0.0009%	1h	91.901	+0.050%	$848K	$755K	10x	as long as short
Ondo Perps WTI-USD.P	+0.0010%	1h	91.850	−0.005%	$3.5M	$6.3M	20x	as long as short
Paradex CL-USD-PERP	+0.0031%	8h	91.867	+0.013%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	91.872	+0.019%	$11.1M	$12.6M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	91.890	+0.038%	$1.9M	$29.2M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	92.595	+0.806%	$18K	$14K	30x	as long as short
StandX CL-USD	+0.0040%	1h	91.880	+0.027%	$725K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	91.940	+0.093%	—	$243K	10x	as long as short
Polymarket Perps WTIOIL-USDlong	+0.0050%	1h	91.855	long leg	$1.6M	$1.3M	20x
SoDEX CL-USD	+0.0050%	1h	91.855	0.000%	$2.0M	$43K	20x	as long as short
edgeX CLUSDC	+0.0090%	4h	91.848	−0.008%	$528K	$347K	30x	as long as short
Pacifica CL	+0.0100%	1h	91.889	+0.037%	$316K	$545K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.907	+0.057%	$7.5M	$1.9M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.070	+0.234%	$57K	$270K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.853	−0.002%	$4K	$49	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0202% / S −0.0127%	1h	91.865	+0.011%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.840	−0.016%	$4.1M	$1.5M	50x	as long as short