CL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.016%

Price spread now: Bullet against SoDEX+0.010%7-day average +0.019% · 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−$51as in the Price arb table

costs, in and out, $10k−$500.505% of the position

Long on SoDEX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.046%−$5 on $10k

Price spread, last 3 days (all we have)+0.078%+$8 · spread now +0.010%, 7d avg +0.019%

Together, before fees+0.032%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX CL-USD	92.670	0.0050	pay 0.0006% / 1h	21m 29s	$2.0M	$39K	20x
Short	Bullet WTIOIL-USD	92.679	0	get 0.0000% / 1h	21m 29s	$19K	$240K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against SoDEX. 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 SoDEXbpFee BulletbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$10.5
Price spread: +0.010% → +0.019%: −$0.89
Slippage, 4 orders: −$34.49
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$61.88
Costs to cover: 0.505%
Break-even: never at this rate

Slippage from SoDEX: live order book, 2 min ago; Bullet: live order book, 52 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 SoDEX live order book, 2 min ago	0.54 bp	18.8 bp −$19	83.5 bp −$835	doesn't fit	doesn't fit
Sell Bullet live order book, 52 min ago	0.54 bp	6.5 bp −$6	17.7 bp −$177	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	92.524	−0.157%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0334%	4h	92.650	−0.022%	$24.0M	$78.0M	20x	as long as short
Binance CLUSDT	−0.0274%	4h	92.617	−0.057%	$245.3M	$1.06B	100x	as long as short
Variational Omni CL	−0.0265%	4h	92.480	−0.205%	$13.1M	$12.2M	—	as long as short
Gate CL_USDT	−0.0224%	8h	92.580	−0.097%	$21.3M	$55.2M	100x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0181%	1h	92.680	+0.011%	$123K	$275K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.699	+0.031%	$275K	$1.1M	25x	as long as short
Nado WTI-PERP	−0.0062%	1h	92.682	+0.013%	$934K	$729K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0046%	1h	92.630	−0.043%	$3.6M	$6.1M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.691%	$399K	$959K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.610	−0.065%	$2.4M	$2.1M	10x	as long as short
tradeXYZ xyz:CL	−0.0026%	1h	92.635	−0.038%	$186.5M	$236.4M	20x	as long as short
Paradex CL-USD-PERP	−0.0002%	8h	92.618	−0.056%	$15K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	92.657	−0.014%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.627	−0.046%	$26.5M	$91.9M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.600	−0.076%	$43.0M	$111.1M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.762	+0.099%	$3.3M	$2.8M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.596	−0.080%	$42.1M	$50.6M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.600	−0.076%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USDshort	0.0000%	1h	92.679	+0.010%	$19K	$240K	10x
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.241	−0.463%	$5K	—	150x	as long as short
Lighter WTI	+0.0024%	1h	92.630	−0.043%	$11.2M	$10.2M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.670	0.000%	$2.3M	$26.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.440	−0.248%	$723K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.640	−0.032%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.614	−0.060%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USDlong	+0.0050%	1h	92.670	long leg	$2.0M	$39K	20x
edgeX CLUSDC	+0.0063%	4h	92.583	−0.094%	$532K	$299K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.648	−0.024%	$356K	$603K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.659	−0.012%	$7.2M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.710	+0.043%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.635	−0.038%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.675	+0.005%	$78K	—	111x	as long as short
Aftermath Perps WTIUSD	+0.0212%	1h	92.563	−0.115%	$2K	$28K	5x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.56	+9.589%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.510	−0.173%	$4.0M	$1.4M	50x	as long as short