CL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0075%/8h= −8.2% APRnext payment −$0.09 per $10,000 · paid last 24h −0.030%

Price spread now: tradeXYZ against Polymarket Perps−0.037%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$330.328% of the position

Long on Polymarket Perps Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.183%−$18 on $10k

Price spread, last 7 days+0.046%+$5 · spread now −0.037%, 7d avg +0.012%

Together, before fees−0.137%+ Points / potential airdroptradeXYZ: Active · farm board−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.049% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.012%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps WTIOIL-USD	92.735	0.0050	pay 0.0006% / 1h	59m 42s	$1.6M	$1.4M	20x
Short	tradeXYZ xyz:CL	92.701	−0.0025	pay 0.0003% / 1h	59m 42s	$186.4M	$234.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$15.8
Price spread: −0.037% → +0.012%: −$4.9
Slippage, 4 orders: −$6.78
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$53.48
Costs to cover: 0.328%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; tradeXYZ: live order book, 10 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, 4 min ago	2.32 bp	7.0 bp −$7	8.0 bp −$80	10.6 bp −$1,063	doesn't fit
Sell tradeXYZ live order book, 10 min ago	0.22 bp	9.6 bp −$10	10.1 bp −$101	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	−0.093%	$58K	$630K	25x	as long as short
Aster CLUSD1	−0.0338%	4h	92.727	−0.009%	$23.9M	$75.0M	20x	as long as short
Binance CLUSDT	−0.0283%	4h	92.740	+0.005%	$244.7M	$1.02B	100x	as long as short
Variational Omni CL	−0.0273%	4h	92.659	−0.082%	$13.3M	$11.4M	—	as long as short
Gate CL_USDT	−0.0190%	8h	92.670	−0.070%	$21.2M	$52.0M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0119%	1h	92.735	0.000%	$275K	$912K	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0073%	1h	92.720	−0.016%	$123K	$274K	15x	as long as short
Nado WTI-PERP	−0.0050%	1h	92.782	+0.051%	$935K	$701K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.760%	$399K	$956K	15x	as long as short
QFEX CL-USD	−0.0040%	1h	92.710	−0.027%	$2.5M	$1.7M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CLshort	−0.0025%	1h	92.701	−0.037%	$186.4M	$234.3M	20x
OKX CL-USDT-SWAP	−0.0005%	4h	92.750	+0.016%	$42.8M	$108.3M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.742	+0.007%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.760	+0.027%	$26.4M	$87.6M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.740	+0.005%	$42.2M	$47.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.740	+0.005%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.714	−0.023%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.271	−0.500%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0013%	8h	92.685	−0.054%	$15K	$367	5x	as long as short
Extended WTI-USD	+0.0016%	1h	92.790	+0.059%	$2.3M	$25.5M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0030%	1h	92.680	−0.059%	$3.5M	$5.9M	20x	as long as short
Lighter WTI	+0.0032%	1h	92.734	−0.001%	$11.2M	$9.9M	20x	as long as short
edgeX CLUSDC	+0.0035%	4h	92.691	−0.047%	$533K	$300K	30x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.867	+0.142%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.360	−0.404%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.720	−0.016%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USDlong	+0.0050%	1h	92.735	long leg	$1.6M	$1.4M	20x
SoDEX CL-USD	+0.0050%	1h	92.716	−0.020%	$2.1M	$59K	20x	as long as short
KuCoin CLUSDTM	+0.0078%	4h	92.737	+0.002%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.735	0.000%	$355K	$605K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.780	+0.049%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.687	−0.052%	$4K	—	10x	as long as short
Aftermath Perps WTIUSD	+0.0118%	1h	92.704	−0.033%	$2K	$28K	5x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.715	−0.022%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.69	+9.657%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0238%	4h	92.660	−0.081%	$4.0M	$1.2M	50x	as long as short