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CL — funding rate on OKX
OKX · CL-USDT-SWAP-0.034%per 4h · -0.008%/hlongs receive
last settlement-0.015%→upcoming payout-0.034%• unchanged
36:20settlement
0calmheat
Price (mark)
85.39
-2.4% 24h
Vol 24h
$188.5M
Open interest
$31.7M
Price move in 2 min
—
avg 7d
-0.004%/h
avg 30d
-0.003%/h
Price and skew
Liquidations
24h$291K
$282K longs$9K shorts
Longs were wiped — 97% of the total. $3K over the last hour.
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.84 · $0.21/hour
- Net snipe per settlement
- $-3.16 = 0.034% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.21×needs 0.160%+ per settlement
- Liquidation price
- 68.7389 (−19.50% from price)
- Risk at this leverage
- no volatility data
- Max “green” leverage
- —
Funding goes to whoever holds the position at the cut-off. MMR in the liquidation formula is +0.50%; verify the price on the exchange before trading.
Context and comparison
Funding history · 502 settlements
CL on 4 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Binance | -0.039% / 4h | -0.010%/h | longs | -0.121% |
| Bybit | -0.068% / 8h | -0.008%/h | longs | -0.092% |
| OKX ← you are here | -0.034% / 4h | -0.008%/h | longs | -0.126% |
| Bitget | -0.022% / 4h | -0.006%/h | longs | -0.138% |
Binance-0.010%/h
longsrate -0.039% / 4hsnipe -0.121%
Bybit-0.008%/h
longsrate -0.068% / 8hsnipe -0.092%
OKX← you are here-0.008%/h
longsrate -0.034% / 4hsnipe -0.126%
Bitget-0.006%/h
longsrate -0.022% / 4hsnipe -0.138%
Max spread across exchanges: +0.004%/h
CL across all exchanges: comparison & curves →Rates across exchangesPRO · free in beta
4 exchanges on one timeline
Bitgetevery 4hBybitevery 8hOKXevery 4hBinanceevery 4hrate corridor between exchanges
exchanges settle at different frequencies — an 8-hour step is bound to «lag» a 1-hour one, that's its grid, not a slower market
spread typically
0.0021%/h
widest spread
0.0227%/h
06.11 21:00 UTC · Bitget ↔ Bybit
the spread is the hedge's rate before fees: that's what an hour of the pair-trade yields
How to read this
- Snipe: enter long before the cut-off, exit after settlement. Funding goes to whoever holds the position at the cut-off. The net capture in the calculator is already net of fees and slippage — and it does not include price moving against you in the settlement window (see volatility above).
- Hedged: a long here + an opposite position of the same size on another exchange or spot — funding capture without price risk, but four legs of fees.
- Extreme funding is a crowd story: price often runs into the cut-off and reverses after. This is data for a decision, not a recommendation.