CL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.015%

Price spread now: Phoenix against SoDEX+0.032%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Phoenix is 0.032% dearer against SoDEX than usual: you sell high and buy low (spread +0.032% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX CL-USD	93.360	0.0050	pay 0.0006% / 1h	44m 46s	$2.1M	$60K	20x
Short	Phoenix WTIOIL	93.390	0	get 0.0000% / 1h	44m 46s	$37K	$41K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$10.5
Price spread: +0.032% → 0.000%: $3.21
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$22.29
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: SoDEX: live order book, 4 min ago; Phoenix: no order-book sample. 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 SoDEX live order book, 4 min ago	0.54 bp	19.7 bp −$20	84.6 bp −$846	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0606%	1h	93.330	−0.032%	$197K	$372K	15x	as long as short
GRVT CL_USDT_Perp	−0.0344%	4h	93.337	−0.025%	$58K	$649K	25x	as long as short
Aster CLUSD1	−0.0301%	4h	93.384	+0.026%	$24.4M	$66.4M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.369	+0.009%	$283K	$961K	25x	as long as short
Binance CLUSDT	−0.0195%	4h	93.370	+0.011%	$246.7M	$934.5M	100x	as long as short
Variational Omni CL	−0.0184%	4h	93.329	−0.034%	$13.3M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0142%	1h	93.325	−0.037%	$2K	$26K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0137%	1h	93.310	−0.054%	$3.5M	$5.4M	20x	as long as short
Bitget CLUSDT	−0.0134%	4h	93.350	−0.011%	$42.1M	$43.0M	100x	as long as short
Nado WTI-PERP	−0.0127%	1h	93.406	+0.049%	$967K	$619K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0071%	8h	93.310	−0.054%	$21.6M	$49.3M	100x	as long as short
tradeXYZ xyz:CL	−0.0070%	1h	93.345	−0.016%	$184.5M	$215.5M	20x	as long as short
OKX CL-USDT-SWAP	−0.0066%	4h	93.350	−0.011%	$42.6M	$102.6M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.214%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.340	−0.021%	$2.3M	$2.2M	10x	as long as short
Paradex CL-USD-PERP	−0.0008%	8h	93.340	−0.022%	$16K	$367	5x	as long as short
edgeX CLUSDC	−0.0005%	4h	93.349	−0.012%	$525K	$307K	30x	as long as short
Lighter WTI	0.0000%	1h	93.351	−0.010%	$11.2M	$9.9M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	−0.033%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.371	+0.012%	$27.1M	$79.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.419	+0.063%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOILshort	0.0000%	1h	93.390	+0.032%	$37K	$41K	20x
Bullet WTIOIL-USD	0.0000%	1h	93.359	−0.001%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.916	−0.476%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	93.400	+0.043%	$2.0M	$17.8M	10x	as long as short
KuCoin CLUSDTM	+0.0040%	4h	93.385	+0.027%	$7.1M	$2.4M	50x	as long as short
StandX CL-USD	+0.0040%	1h	93.330	−0.032%	$738K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.360	0.000%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.353	−0.007%	$332K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.346	−0.015%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USDlong	+0.0050%	1h	93.360	long leg	$2.1M	$60K	20x
ApeX Omni CLUSDT	+0.0100%	1h	93.360	0.000%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.324	−0.038%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0174%	4h	93.340	−0.021%	$4.0M	$983K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.57	+9.867%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0233% / S −0.0165%	1h	93.355	−0.005%	$84K	—	111x	as long as short