CL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0655%/8h= −71.7% APRnext payment −$0.82 per $10,000 · paid last 24h −0.042%

Price spread now: Deribit against Vest−0.064%48s7-day average +0.890% · you buy dearer than you sell

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

Long on Vest Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.027%−$3 on $10k

Price spread, last 4 days (all we have)−0.045%−$5 · spread now −0.064%, 7d avg +0.890%

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

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Deribit is 0.954% cheaper against Vest than usual: you would sell low and buy high (−$95 if the spread goes back to its 7-day average of +0.890%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.027% in total (about -2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.82 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	Vest CL-PERP	93.130	0.0046	pay 0.0006% / 1h	36m 25s	—	$310K	10x
Short	Deribit WTIOIL_USDC-PERPETUAL	93.070	−0.0609	pay 0.0076% / 1h	36m 25s	$199K	$370K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpFee DeribitbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$137.45
Price spread: −0.064% → +0.890%: −$95.4
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$241.84
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Deribit: live order book, 22 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell Deribit live order book, 22 min ago	0.54 bp	6.2 bp −$6	7.5 bp −$75	doesn't fit	doesn't fit

Vest: 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-PERPETUALshort	−0.0609%	1h	93.070	−0.064%	$199K	$370K	15x
Aster CLUSD1	−0.0252%	4h	93.120	−0.011%	$24.0M	$67.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0242%	4h	93.158	+0.030%	$64K	$648K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0196%	1h	93.119	−0.012%	$274K	$872K	25x	as long as short
Binance CLUSDT	−0.0194%	4h	93.110	−0.021%	$244.7M	$951.8M	100x	as long as short
Variational Omni CL	−0.0183%	4h	93.158	+0.030%	$13.5M	$11.0M	—	as long as short
Ondo Perps WTI-USD.P	−0.0122%	1h	93.070	−0.064%	$3.5M	$5.6M	20x	as long as short
tradeXYZ xyz:CL	−0.0110%	1h	93.112	−0.019%	$184.9M	$215.6M	20x	as long as short
Aftermath Perps WTIUSD	−0.0096%	1h	93.111	−0.020%	$2K	$27K	5x	as long as short
Bitget CLUSDT	−0.0092%	4h	93.095	−0.038%	$42.0M	$43.9M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0070%	4h	93.120	−0.011%	$42.6M	$102.8M	50x	as long as short
Gate CL_USDT	−0.0054%	8h	93.070	−0.064%	$20.9M	$51.6M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.408%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0043%	1h	93.090	−0.043%	$2.5M	$1.7M	10x	as long as short
edgeX CLUSDC	−0.0037%	4h	93.129	−0.001%	$530K	$300K	30x	as long as short
Nado WTI-PERP	−0.0035%	1h	93.164	+0.037%	$963K	$653K	10x	as long as short
Lighter WTI	−0.0016%	1h	93.113	−0.018%	$11.2M	$10.5M	20x	as long as short
KuCoin CLUSDTM	−0.0014%	4h	93.170	+0.043%	$7.1M	$2.4M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	93.113	−0.018%	$8K	$3K	5x	as long as short
Extended WTI-USD	0.0000%	1h	93.150	+0.021%	$2.0M	$21.1M	10x	as long as short
Bybit CLUSDT	0.0000%	8h	93.110	−0.021%	$26.7M	$80.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.174	+0.047%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.130	0.000%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.118	−0.013%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.679	−0.484%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0012%	8h	93.092	−0.041%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	93.140	+0.011%	$735K	$2.9M	40x	as long as short
Vest CL-PERPlong	+0.0046%	1h	93.130	long leg	—	$310K	10x
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.117	−0.014%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.095	−0.038%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	93.105	−0.027%	$329K	$621K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.100	−0.032%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.077	−0.057%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0171%	4h	93.100	−0.032%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0213% / S −0.0140%	1h	93.115	−0.016%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.19	+9.724%	$19K	$11K	30x	as long as short