CL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0754%/8h= −82.5% APRnext payment −$0.94 per $10,000 · paid last 24h −0.049%

Price spread now: Deribit against StandX−0.043%7-day average +0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on StandX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.037%−$4 on $10k

Price spread, last 4 days (all we have)−0.035%−$4 · spread now −0.043%, 7d avg +0.044%

Together, before fees−0.072%+ Points / potential airdropStandX: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Deribit is 0.087% cheaper against StandX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.044%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.037% in total (about -3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.94 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX CL-USD	93.340	0.0040	pay 0.0005% / 1h	47m 40s	$739K	$2.9M	40x
Short	Deribit WTIOIL_USDC-PERPETUAL	93.300	−0.0714	pay 0.0089% / 1h	47m 40s	$197K	$372K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$158.28
Price spread: −0.043% → +0.044%: −$8.66
Slippage, 4 orders: −$14.95
Fee StandX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$196.89
Costs to cover: 0.299%
Break-even: never at this rate

Slippage from StandX: live order book, 1 min ago; Deribit: live order book, 1 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, 1 min ago	4.28 bp	8.3 bp −$8	9.9 bp −$99	doesn't fit	doesn't fit
Sell Deribit live order book, 1 min ago	0.54 bp	4.0 bp −$4	4.4 bp −$44	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
Deribit WTIOIL_USDC-PERPETUALshort	−0.0714%	1h	93.300	−0.043%	$197K	$372K	15x
GRVT CL_USDT_Perp	−0.0346%	4h	93.320	−0.021%	$58K	$649K	25x	as long as short
Aster CLUSD1	−0.0299%	4h	93.375	+0.037%	$24.4M	$66.5M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.352	+0.013%	$283K	$962K	25x	as long as short
Binance CLUSDT	−0.0198%	4h	93.350	+0.011%	$246.5M	$935.3M	100x	as long as short
Variational Omni CL	−0.0185%	4h	93.329	−0.012%	$13.3M	$10.9M	—	as long as short
Ondo Perps WTI-USD.P	−0.0160%	1h	93.280	−0.064%	$3.5M	$5.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0139%	1h	93.325	−0.016%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0134%	4h	93.336	−0.004%	$42.1M	$43.1M	100x	as long as short
Nado WTI-PERP	−0.0131%	1h	93.388	+0.051%	$967K	$621K	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:CL	−0.0075%	1h	93.351	+0.012%	$184.5M	$215.5M	20x	as long as short
Gate CL_USDT	−0.0074%	8h	93.290	−0.054%	$21.6M	$49.2M	100x	as long as short
OKX CL-USDT-SWAP	−0.0068%	4h	93.350	+0.011%	$42.6M	$102.6M	50x	as long as short
edgeX CLUSDC	−0.0065%	4h	93.310	−0.032%	$524K	$306K	30x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.193%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.310	−0.032%	$2.3M	$2.1M	10x	as long as short
Paradex CL-USD-PERP	−0.0011%	8h	93.330	−0.011%	$16K	$367	5x	as long as short
Lighter WTI	−0.0008%	1h	93.347	+0.007%	$11.2M	$9.8M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	−0.011%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.360	+0.021%	$27.1M	$79.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.391	+0.055%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.390	+0.054%	$37K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.333	−0.007%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.888	−0.484%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	93.380	+0.043%	$2.0M	$18.0M	10x	as long as short
KuCoin CLUSDTM	+0.0034%	4h	93.367	+0.029%	$7.1M	$2.4M	50x	as long as short
StandX CL-USDlong	+0.0040%	1h	93.340	long leg	$739K	$2.9M	40x
Vest CL-PERP	+0.0046%	1h	93.340	0.000%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.352	+0.013%	$331K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.334	−0.006%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.335	−0.005%	$2.1M	$60K	20x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.420	+0.086%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.305	−0.037%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0173%	4h	93.310	−0.032%	$4.0M	$983K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.57	+9.891%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0232% / S −0.0164%	1h	93.335	−0.005%	$84K	—	111x	as long as short