CL funding rates and arbitrage
Updated 2026-11-11 22:31 UTC
Best CL arbitrage after every cost
| Coin | Pair | Long | Short | Net · 168 h | Net APR | Max size | Status |
|---|---|---|---|---|---|---|---|
| CL | Perp ↔ perp | Binance CLUSDT | BingX NCCO1OILWTI2USD-USDT | +$60.78 | +31.7% | $111K | Actionable |
| CL | Perp ↔ perp | OKX CL-USDT-SWAP | BingX NCCO1OILWTI2USD-USDT | +$58.78 | +30.6% | $111K | Actionable |
| CL | Perp ↔ perp | Binance CLUSDT | Gate CL_USDT | +$1.28 | +0.7% | $12.4K | Watch |
| CL | Perp ↔ perp | OKX CL-USDT-SWAP | Gate CL_USDT | −$0.71 | −0.4% | $8.8K | Watch |
| CL | Perp ↔ perp | Binance CLUSDT | Paradex CL-USD-PERP | +$159.26 † | +83.0% | — | Watch |
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry. † slippage estimated from the top of the book (no live order book for this pair); ‡ before slippage (no order book at all).
CL funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| TXFlow | CL-USDC | 0.0016% | 1 h | +14.2% | — | $334.1K | 2026-11-11 23:00 |
| StandX | CL-USD | 0.0005% | 1 h | +4.4% | — | $6K | 2026-11-11 23:00 |
| Paradex | CL-USD-PERP | -0.0690% | 8 h | −75.6% | — | $232.2K | 2026-11-12 00:00 |
| ApeX | CL-USDT | -0.0101% | 1 h | −88.2% | −26.5% | $195K | 2026-11-11 23:00 |
| BingX | NCCO1OILWTI2USD-USDT | -0.0421% | 4 h | −92.2% | −12.8% | $2.2M | 2026-11-12 00:00 |
| Hyperliquid | xyz:CL | -0.0105% | 1 h | −92.3% | −51.3% | $145.8M | 2026-11-11 23:00 |
| Gate | CL_USDT | -0.0953% | 8 h | −104.4% | −38.5% | $66.3M | 2026-11-12 00:00 |
| Bitunix | CLUSDT | -0.0526% | 4 h | −115.1% | −47.7% | — | 2026-11-12 00:00 |
| Pacifica | CL | -0.0160% | 1 h | −140.6% | −52.7% | $393.4K | 2026-11-11 23:00 |
| QFEX | CL-USD | -0.0170% | 1 h | −148.9% | — | $1.8M | 2026-11-11 23:00 |
| PopDEX | CLUSDT | -0.0190% | 1 h | −166.4% | −49.6% | — | 2026-11-11 23:00 |
| Bitget | CLUSDT | -0.0805% | 4 h | −176.3% | −35.5% | $22.1M | 2026-11-12 00:00 |
| KuCoin | CLUSDTM | -0.0827% | 4 h | −181.1% | −43.6% | $4.5M | 2026-11-12 00:00 |
| Bybit | CLUSDT | -0.1760% | 8 h | −192.7% | −49.0% | $30.9M | 2026-11-12 00:00 |
| Aster | CLUSDT | -0.0890% | 4 h | −194.8% | −38.3% | $2M | 2026-11-12 00:00 |
| OKX | CL-USDT-SWAP | -0.0993% | 4 h | −217.5% | −56.4% | $29.2M | 2026-11-12 00:00 |
| Variational | CL-PERP | -0.1024% | 4 h | −224.3% | −156.3% | $6.1M | 2026-11-12 00:00 |
| Binance | CLUSDT | -0.1034% | 4 h | −226.5% | −56.5% | $148.5M | 2026-11-12 00:00 |
| GRVT | CL_USDT_Perp | -0.1037% | 4 h | −227.1% | −57.0% | $147.3K | 2026-11-12 00:00 |
| Crypto.com | CLUSD-PERP | -0.0291% | 1 h | −254.6% | −108.3% | $1.3M | 2026-11-11 23:00 |
| WhiteBIT | CL_PERP | -0.1267% | 4 h | −277.5% | −76.7% | $28.2M | 2026-11-12 00:00 |
| RISEx | CL/USDC | -0.0325% | 1 h | −285.1% | — | $2.8M | 2026-11-11 23:00 |
Cost to enter $10,000 of CL
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Hyperliquid | xyz:CL | 1.2 bp | live order book |
| Aster | CLUSDT | 4.2 bp | live order book |
| Binance | CLUSDT | 5.6 bp * | live order book |
| BingX | NCCO1OILWTI2USD-USDT | 5.6 bp | live order book |
| OKX | CL-USDT-SWAP | 5.6 bp * | live order book |
| Bitunix | CLUSDT | 6.6 bp * | order-book snapshot, 24 min old |
| Bybit | CLUSDT | 6.7 bp | live order book |
| Bitget | CLUSDT | 7.1 bp | order-book snapshot, 114 min old |
| Pacifica | CL | 7.3 bp | order-book snapshot, 26 min old |
| Gate | CL_USDT | 9.8 bp | live order book |
| GRVT | CL_USDT_Perp | 6.3 bp | top of book only |
| KuCoin | CLUSDTM | 7.0 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account.
Questions
Is CL funding-rate arbitrage profitable right now?
Yes, at $10,000 per side for 7 days the best CL pair (Binance / BingX) nets +$60.78 after taker fees, order-book slippage and carry; it can take up to $111K.
Which exchange has the highest CL funding rate?
TXFlow at +14.2% a year (0.0016% every 1 h); the lowest is RISEx at −285.1%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.