CL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h −0.006%

Price spread now: Coinbase International against StandX−0.109%46s7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.335% of the position

Long on StandX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.297%−$30 on $10k

Price spread, last 3 days (all we have)+0.022%+$2 · spread now −0.109%, 7d avg −0.076%

Together, before fees−0.275%+ Points / potential airdropStandX: Active · farm board−$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.033% cheaper against StandX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.076%). Swap the legs. The two prices were read 46 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	StandX CL-USD	92.130	0.0040	pay 0.0005% / 1h	38m 28s	$721K	$3.1M	40x
Short	Coinbase International WTIOIL-PERP-INTX	92.030	0	get 0.0000% / 1h	38m 28s	$399K	$966K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against StandX. 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 StandXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.109%Rate

Funding earned: −$8.4
Price spread: −0.109% → −0.076%: −$3.3
Slippage, 4 orders: −$15.49
Fee StandX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$45.19
Costs to cover: 0.335%
Break-even: never at this rate

Slippage from StandX: live order book, just now; Coinbase International: live order book, 15 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 StandX live order book, just now	6.51 bp	10.5 bp −$11	10.5 bp −$105	doesn't fit	doesn't fit
Sell Coinbase International live order book, 15 min ago	1.09 bp	6.1 bp −$6	8.2 bp −$82	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
Kraken Futures PF_WTIOILUSD	−0.0450%	1h	92.157	+0.030%	$274K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0314%	4h	92.040	−0.098%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0237%	4h	92.130	0.000%	$24.0M	$77.4M	20x	as long as short
Nado WTI-PERP	−0.0166%	1h	92.156	+0.029%	$924K	$740K	10x	as long as short
Binance CLUSDT	−0.0160%	4h	92.140	+0.011%	$245.5M	$1.10B	100x	as long as short
Variational Omni CL	−0.0138%	4h	92.053	−0.083%	$13.4M	$12.4M	—	as long as short
Lighter WTI	−0.0120%	1h	92.096	−0.037%	$11.2M	$10.9M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0102%	1h	92.070	−0.065%	$3.5M	$6.3M	20x	as long as short
Paradex CL-USD-PERP	−0.0098%	8h	92.081	−0.053%	$15K	$367	5x	as long as short
tradeXYZ xyz:CL	−0.0085%	1h	92.128	−0.002%	$187.1M	$274.7M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WTIOIL_USDC-PERPETUAL	−0.0076%	1h	92.120	−0.011%	$96K	$189K	15x	as long as short
QFEX CL-USD	−0.0054%	1h	92.100	−0.033%	$2.4M	$2.6M	10x	as long as short
Bullet WTIOIL-USD	−0.0052%	1h	92.107	−0.025%	$18K	$241K	10x	as long as short
Gate CL_USDT	−0.0028%	8h	92.060	−0.076%	$21.3M	$57.6M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.123	−0.008%	$333K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	−0.024%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.154	+0.026%	$25.6M	$94.9M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.120	−0.011%	$43.0M	$112.9M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.219	+0.097%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.108	−0.024%	$42.0M	$51.7M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.120	−0.011%	$37K	$101K	20x	as long as short
Coinbase International WTIOIL-PERP-INTXshort	0.0000%	1h	92.030	−0.109%	$399K	$966K	15x
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.669	−0.500%	$4K	—	150x	as long as short
Extended WTI-USD	+0.0016%	1h	92.145	+0.016%	$2.0M	$27.5M	10x	as long as short
StandX CL-USDlong	+0.0040%	1h	92.130	long leg	$721K	$3.1M	40x
Vest CL-PERP	+0.0046%	1h	92.170	+0.043%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0046%	1h	92.128	−0.002%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.105	−0.027%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0059%	4h	92.084	−0.050%	$529K	$332K	30x	as long as short
Aftermath Perps WTIUSD	+0.0086%	1h	92.085	−0.048%	$2K	$29K	5x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.134	+0.004%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.070	−0.065%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.077	−0.058%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.105	−0.027%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.28	+9.926%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.090	−0.043%	$4.0M	$1.4M	50x	as long as short