CL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0185%/8h= −20.3% APRpaid last 24h −0.038%

Price spread now: Variational Omni against Polymarket Perps−0.012%55s7-day average +0.009% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.102%−$10 on $10k

Price spread, last 7 days+0.041%+$4 · spread now −0.012%, 7d avg +0.009%

Together, before fees−0.062%+ Points / potential airdropVariational Omni: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Variational Omni is 0.021% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.009%). Swap the legs. The two prices were read 55 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	Polymarket Perps WTIOIL-USD	93.610	0.0050	pay 0.0006% / 1h	45m 39s	$1.7M	$1.3M	20x
Short	Variational Omni CL	93.599	−0.0135	pay 0.0068% / 4h	1h 45m	$13.5M	$10.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.012%Rate

Funding earned: −$38.91
Price spread: −0.012% → +0.009%: −$2.1
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$49.01
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 3 min ago; Variational Omni: RFQ quote, 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 Polymarket Perps live order book, 3 min ago	2.30 bp	7.2 bp −$7	7.5 bp −$75	10.6 bp −$1,063	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.26 bp	doesn't fit	2.3 bp −$23	5.4 bp −$539	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0391%	1h	93.590	−0.021%	$197K	$380K	15x	as long as short
Aster CLUSD1	−0.0261%	4h	93.704	+0.101%	$24.5M	$65.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0248%	4h	93.618	+0.009%	$58K	$629K	25x	as long as short
Binance CLUSDT	−0.0146%	4h	93.666	+0.059%	$246.5M	$926.9M	100x	as long as short
Aftermath Perps WTIUSD	−0.0139%	1h	93.638	+0.030%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.612	+0.002%	$286K	$952K	25x	as long as short
Variational Omni CLshort	−0.0135%	4h	93.599	−0.012%	$13.5M	$10.7M	—
Bitget CLUSDT	−0.0102%	4h	93.671	+0.065%	$42.2M	$42.5M	100x	as long as short
Gate CL_USDT	−0.0093%	8h	93.620	+0.011%	$22.3M	$48.6M	100x	as long as short
edgeX CLUSDC	−0.0076%	4h	93.641	+0.034%	$526K	$306K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps WTI-USD.P	−0.0068%	1h	93.670	+0.064%	$3.5M	$5.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0051%	1h	93.666	+0.060%	$185.1M	$210.9M	20x	as long as short
Nado WTI-PERP	−0.0024%	1h	93.669	+0.063%	$965K	$628K	10x	as long as short
QFEX CL-USD	−0.0023%	1h	93.670	+0.064%	$2.3M	$2.5M	10x	as long as short
OKX CL-USDT-SWAP	−0.0017%	4h	93.680	+0.075%	$42.7M	$102.1M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.118%	$404K	$931K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.651	+0.044%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.690	+0.085%	$27.3M	$79.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.734	+0.132%	$3.1M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.730	+0.128%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.624	+0.015%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.157	−0.484%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0029%	8h	93.658	+0.052%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.667	+0.061%	$11.3M	$9.6M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.700	+0.096%	$2.0M	$16.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.680	+0.075%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.620	+0.011%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USDlong	+0.0050%	1h	93.610	long leg	$1.7M	$1.3M	20x
SoDEX CL-USD	+0.0050%	1h	93.630	+0.021%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.675	+0.069%	$333K	$576K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.679	+0.074%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.760	+0.160%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.589	−0.023%	$4K	—	10x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.74	+9.758%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0222%	4h	93.670	+0.064%	$4.0M	$980K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0245% / S −0.0178%	1h	93.615	+0.005%	$84K	—	111x	as long as short