# CL funding rates and arbitrage

Updated 2026-11-11 23:02 UTC · https://afterfees.xyz/coin/CL

## Best CL arbitrage after every cost

| Coin | Pair | Long | Short | Net · 168 h | Net APR | Max size | Status |
|---|---|---|---|---|---|---|---|
| [CL](https://afterfees.xyz/coin/CL) | Perp ↔ perp | [OKX](https://afterfees.xyz/venues/okx) CL-USDT-SWAP | [BingX](https://afterfees.xyz/venues/bingx) NCCO1OILWTI2USD-USDT | — | — | — | Watch |

_At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry._

## CL funding rate on every exchange

| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| [TXFlow](https://afterfees.xyz/venues/txflow) | CL-USDC | 0.0016% | 1 h | +13.9% | — | $337.2K | 2026-11-12 00:00 |
| [ApeX](https://afterfees.xyz/venues/apex) | CL-USDT | 0.0013% | 1 h | +10.9% | −26.7% | $195.2K | 2026-11-12 00:00 |
| [StandX](https://afterfees.xyz/venues/standx) | CL-USD | 0.0005% | 1 h | +4.4% | — | $6K | 2026-11-12 00:00 |
| [QFEX](https://afterfees.xyz/venues/qfex) | CL-USD | 0.0000% | 1 h | 0.0% | — | $1.8M | 2026-11-11 23:59 |
| [PopDEX](https://afterfees.xyz/venues/popdex) | CLUSDT | -0.0004% | 1 h | −3.8% | −49.9% | — | 2026-11-12 00:00 |
| [Pacifica](https://afterfees.xyz/venues/pacifica) | CL | -0.0021% | 1 h | −18.6% | −53.3% | $394.9K | 2026-11-12 00:00 |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | xyz:CL | -0.0026% | 1 h | −22.6% | −51.6% | $145.5M | 2026-11-12 00:00 |
| [Paradex](https://afterfees.xyz/venues/paradex) | CL-USD-PERP | -0.0389% | 8 h | −42.6% | — | $232.4K | 2026-11-12 00:00 |
| [BingX](https://afterfees.xyz/venues/bingx) | NCCO1OILWTI2USD-USDT | -0.0364% | 4 h | −79.7% | −12.8% | $2.2M | 2026-11-12 00:00 |
| [Gate](https://afterfees.xyz/venues/gate) | CL_USDT | -0.0917% | 8 h | −100.4% | −38.4% | $66.4M | 2026-11-12 00:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | CLUSDT | -0.0526% | 4 h | −115.1% | −47.6% | — | 2026-11-12 00:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | CLUSDT | -0.0654% | 4 h | −143.2% | −35.4% | $22.1M | 2026-11-12 00:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | CLUSDTM | -0.0722% | 4 h | −158.1% | −43.5% | $4.5M | 2026-11-12 00:00 |
| [RISEx](https://afterfees.xyz/venues/risex) | CL/USDC | -0.0185% | 1 h | −162.1% | — | $2.8M | 2026-11-12 00:00 |
| [Aster](https://afterfees.xyz/venues/aster) | CLUSDT | -0.0761% | 4 h | −166.6% | −38.2% | $2M | 2026-11-12 00:00 |
| [Bybit](https://afterfees.xyz/venues/bybit) | CLUSDT | -0.1561% | 8 h | −170.9% | −48.8% | $31.1M | 2026-11-12 00:00 |
| [GRVT](https://afterfees.xyz/venues/grvt) | CL_USDT_Perp | -0.0893% | 4 h | −195.6% | −56.9% | $147.5K | 2026-11-12 00:00 |
| [Binance](https://afterfees.xyz/venues/binance) | CLUSDT | -0.0893% | 4 h | −195.6% | −56.3% | $148.9M | 2026-11-12 00:00 |
| [Variational](https://afterfees.xyz/venues/variational) | CL-PERP | -0.0908% | 4 h | −198.9% | −150.2% | $6.1M | 2026-11-12 00:00 |
| [OKX](https://afterfees.xyz/venues/okx) | CL-USDT-SWAP | -0.0953% | 4 h | −208.6% | −56.2% | $29.4M | 2026-11-12 00:00 |
| [WhiteBIT](https://afterfees.xyz/venues/whitebit) | CL_PERP | -0.1142% | 4 h | −250.0% | −76.5% | $28.2M | 2026-11-12 00:00 |
| [Crypto.com](https://afterfees.xyz/venues/cryptocom) | CLUSD-PERP | -0.0291% | 1 h | −254.6% | −108.5% | $1.3M | 2026-11-12 00:00 |

## Cost to enter $10,000 of CL

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Hyperliquid | xyz:CL | 1.6 bp | live order book |
| Bybit | CLUSDT | 3.3 bp | live order book |
| Aster | CLUSDT | 3.6 bp | live order book |
| BingX | NCCO1OILWTI2USD-USDT | 5.6 bp | live order book |
| Binance | CLUSDT | 5.9 bp * | live order book |
| OKX | CL-USDT-SWAP | 6.0 bp * | live order book |
| Bitunix | CLUSDT | 6.6 bp * | order-book snapshot, 50 min old |
| Bitget | CLUSDT | 7.6 bp | live order book |
| KuCoin | CLUSDTM | 12.7 bp | live order book |
| GRVT | CL_USDT_Perp | 5.7 bp | top of book only |
| Gate | CL_USDT | 8.1 bp | top of book only |
| Paradex | CL-USD-PERP | 62.5 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?**

Not at $10,000 per side for 7 days: no CL pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.

**Which exchange has the highest CL funding rate?**

TXFlow at +13.9% a year (0.0016% every 1 h); the lowest is Crypto.com at −254.6%. 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._