CL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0242%/8h= +26.5% APRnext payment +$0.30 per $10,000 · paid last 24h +0.055%

Price spread now: GMX against tradeXYZ−0.052%57s7-day average — · you buy dearer than you sell

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

Long on tradeXYZ Short on GMX

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—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.052% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.052% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 17 hours of funding at the current rate (+$7 a day). The two prices were read 57 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	tradeXYZ xyz:CL	93.754	−0.0062	get 0.0008% / 1h	38m 17s	$185.3M	$206.6M	20x
Short	GMX WTIOIL/USD [ETH-USDC]	93.705	L +0.0246% / S −0.0180%	get 0.0022% / 1h	38m 17s	$84K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against tradeXYZ. 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 tradeXYZbpFee GMXbpOrdersPrice spread, now −0.052%Rate

Funding earned: $50.85
Price spread: −0.052% → 0.000%: −$5.23
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee GMX: 6 bp × 2 orders: −$12
Net: $15.62
Costs to cover: 0.300%
Break-even: 4.8 days

Slippage unknown: tradeXYZ: live order book, 12 min ago; GMX: 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 tradeXYZ live order book, 12 min ago	0.27 bp	9.5 bp −$10	10.6 bp −$106	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0496%	1h	93.720	−0.036%	$197K	$382K	15x	as long as short
Aster CLUSD1	−0.0266%	4h	93.760	+0.006%	$24.5M	$65.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0246%	4h	93.610	−0.154%	$58K	$629K	25x	as long as short
Aftermath Perps WTIUSD	−0.0148%	1h	93.686	−0.073%	$2K	$26K	5x	as long as short
Binance CLUSDT	−0.0146%	4h	93.740	−0.015%	$246.7M	$921.3M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.749	−0.005%	$287K	$957K	25x	as long as short
Variational Omni CL	−0.0135%	4h	93.609	−0.155%	$13.5M	$10.6M	—	as long as short
Ondo Perps WTI-USD.P	−0.0103%	1h	93.650	−0.111%	$3.5M	$5.4M	20x	as long as short
Gate CL_USDT	−0.0100%	8h	93.660	−0.100%	$22.4M	$48.9M	100x	as long as short
Bitget CLUSDT	−0.0100%	4h	93.731	−0.025%	$42.2M	$42.2M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CLlong	−0.0062%	1h	93.754	long leg	$185.3M	$206.6M	20x
Nado WTI-PERP	−0.0055%	1h	93.773	+0.020%	$967K	$626K	10x	as long as short
edgeX CLUSDC	−0.0046%	4h	93.594	−0.171%	$526K	$305K	30x	as long as short
QFEX CL-USD	−0.0023%	1h	93.700	−0.058%	$2.3M	$2.5M	10x	as long as short
OKX CL-USDT-SWAP	−0.0015%	4h	93.750	−0.004%	$42.7M	$101.6M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.271%	$404K	$916K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.733	−0.022%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.760	+0.006%	$27.0M	$79.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.774	+0.021%	$3.1M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.680	−0.079%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.746	−0.009%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.291	−0.494%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0027%	8h	93.699	−0.059%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.735	−0.020%	$11.3M	$9.6M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.790	+0.038%	$2.0M	$16.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.680	−0.079%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.740	−0.015%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.725	−0.031%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.737	−0.018%	$2.1M	$61K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.720	−0.036%	$333K	$575K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.742	−0.013%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.640	−0.122%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.707	−0.050%	$4K	—	10x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.74	+9.589%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0226%	4h	93.710	−0.047%	$4.0M	$977K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]short	L +0.0246% / S −0.0180%	1h	93.705	−0.052%	$84K	—	111x