CL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0106%/8h= +11.6% APRnext payment +$0.13 per $10,000 · paid last 24h +0.021%

Price spread now: StandX against tradeXYZ−0.535%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$360.360% of the position

Long on tradeXYZ Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 7 days+0.558%+$56 · spread now −0.535%, 7d avg −0.016%

Together, before fees+0.660%+ Points / potential airdroptradeXYZ: Active · StandX: Active · farm board+$66 on $10k · with fees, hour by hour

Funding pays, the price is against you. StandX is 0.519% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.535% now, against its 7-day average of −0.016%). If the spread goes back, that is −$52 on $10k: about 16 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.102% in total) that is about 36 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CL	92.927	−0.0066	get 0.0008% / 1h	23m 39s	$184.7M	$217.3M	20x
Short	StandX CL-USD	92.430	0.0040	get 0.0005% / 1h	23m 39s	$727K	$2.9M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.535%Rate

Funding earned: $22.26
Price spread: −0.535% → −0.016%: −$51.87
Slippage, 4 orders: −$10.02
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee StandX: 4 bp × 2 orders: −$8
Net: −$65.63
Costs to cover: 0.360%
Break-even: 27.6 days

Slippage from tradeXYZ: live order book, 5 min ago; StandX: live order book, just now.

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, 5 min ago	0.05 bp	9.4 bp −$9	10.5 bp −$105	doesn't fit	doesn't fit
Sell StandX live order book, just now	0.54 bp	4.5 bp −$5	4.9 bp −$49	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-PERPETUAL	−0.0504%	1h	92.820	−0.115%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0253%	4h	92.920	−0.008%	$23.9M	$68.1M	20x	as long as short
GRVT CL_USDT_Perp	−0.0236%	4h	92.878	−0.053%	$61K	$625K	25x	as long as short
Binance CLUSDT	−0.0206%	4h	92.920	−0.008%	$244.7M	$952.6M	100x	as long as short
Variational Omni CL	−0.0202%	4h	92.856	−0.076%	$13.6M	$11.1M	—	as long as short
Ondo Perps WTI-USD.P	−0.0166%	1h	92.870	−0.061%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0154%	1h	92.866	−0.065%	$961K	$660K	10x	as long as short
Gate CL_USDT	−0.0083%	8h	92.860	−0.072%	$20.9M	$52.6M	100x	as long as short
edgeX CLUSDC	−0.0079%	4h	92.903	−0.026%	$529K	$301K	30x	as long as short
tradeXYZ xyz:CLlong	−0.0066%	1h	92.927	long leg	$184.7M	$217.3M	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0059%	4h	92.910	−0.018%	$42.9M	$102.2M	50x	as long as short
Aftermath Perps WTIUSD	−0.0050%	1h	92.872	−0.060%	$2K	$27K	5x	as long as short
Extended WTI-USD	−0.0040%	1h	92.940	+0.014%	$2.1M	$22.6M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.190%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.780	−0.158%	$2.5M	$1.7M	10x	as long as short
Lighter WTI	0.0000%	1h	92.924	−0.003%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.937	+0.010%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.930	+0.003%	$26.7M	$81.2M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.911	−0.017%	$42.0M	$43.3M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.910	−0.018%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.829	−0.105%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.410	−0.556%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0018%	8h	92.899	−0.030%	$16K	$367	5x	as long as short
KuCoin CLUSDTM	+0.0030%	4h	92.910	−0.018%	$7.3M	$2.3M	50x	as long as short
StandX CL-USDshort	+0.0040%	1h	92.430	−0.535%	$727K	$2.9M	40x
Vest CL-PERP	+0.0046%	1h	92.850	−0.083%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.814	−0.122%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.837	−0.097%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	93.022	+0.102%	$3.1M	$2.9M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.922	−0.006%	$331K	$619K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.980	+0.057%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.813	−0.123%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.855	−0.077%	$273K	$872K	25x	as long as short
BloFin CL-USDT	+0.0185%	4h	92.880	−0.051%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.845	−0.088%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.95	+9.714%	$19K	$11K	30x	as long as short