CL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0550%/8h= −60.2% APRnext payment −$0.69 per $10,000 · paid last 24h −0.050%

Price spread now: Kraken Futures against ApeX Omni+0.034%75s7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$620.617% of the position

Long on ApeX Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.591%−$59 on $10k

Price spread, last 3 days (all we have)−0.084%−$8 · spread now +0.034%, 7d avg +0.001%

Together, before fees−0.676%−$68 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.033% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of +0.001%): +$3 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 5 hours. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni CLUSDT	92.190	0.0100	pay 0.0013% / 1h	19m 43s	$56K	$266K	50x
Short	Kraken Futures PF_WTIOILUSD	92.221	−0.0450	pay 0.0056% / 1h	19m 43s	$273K	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against ApeX Omni. 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 ApeX OmnibpFee Kraken FuturesbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$115.4
Price spread: +0.034% → +0.001%: $3.34
Slippage, 4 orders: −$41.66
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$173.72
Costs to cover: 0.617%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 57 min ago; Kraken Futures: live order book, 4 min ago.

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 ApeX Omni live order book, 57 min ago	8.70 bp	20.7 bp −$21	197.6 bp −$1,976	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	3.04 bp	8.5 bp −$9	20.6 bp −$206	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
Kraken Futures PF_WTIOILUSDshort	−0.0450%	1h	92.221	+0.034%	$273K	$1.2M	25x
GRVT CL_USDT_Perp	−0.0316%	4h	92.191	+0.001%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0268%	4h	92.220	+0.033%	$24.0M	$77.6M	20x	as long as short
Binance CLUSDT	−0.0185%	4h	92.200	+0.011%	$244.5M	$1.09B	100x	as long as short
Variational Omni CL	−0.0168%	4h	92.173	−0.019%	$13.3M	$12.7M	—	as long as short
Nado WTI-PERP	−0.0136%	1h	92.231	+0.045%	$925K	$737K	10x	as long as short
Lighter WTI	−0.0072%	1h	92.182	−0.009%	$11.2M	$10.9M	20x	as long as short
Paradex CL-USD-PERP	−0.0059%	8h	92.175	−0.016%	$15K	$367	5x	as long as short
QFEX CL-USD	−0.0054%	1h	92.180	−0.011%	$2.4M	$2.3M	10x	as long as short
tradeXYZ xyz:CL	−0.0050%	1h	92.206	+0.017%	$186.4M	$275.0M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps WTI-USD.P	−0.0042%	1h	92.160	−0.033%	$3.5M	$6.3M	20x	as long as short
Gate CL_USDT	−0.0032%	8h	92.130	−0.065%	$21.3M	$58.0M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.197	+0.008%	$333K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.274	+0.091%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.214	+0.026%	$25.9M	$94.2M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.180	−0.011%	$43.0M	$112.7M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.322	+0.143%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.187	−0.003%	$42.0M	$51.6M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.230	+0.043%	$37K	$101K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.197	+0.008%	$19K	$241K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	92.220	+0.033%	$96K	$189K	15x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.174%	$399K	$963K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.759	−0.468%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	92.235	+0.049%	$2.0M	$26.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.190	0.000%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.220	+0.033%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.186	−0.004%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.193	+0.003%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0062%	4h	92.213	+0.025%	$530K	$325K	30x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.217	+0.029%	$7.1M	$2.1M	50x	as long as short
ApeX Omni CLUSDTlong	+0.0100%	1h	92.190	long leg	$56K	$266K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	92.177	−0.014%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.195	+0.005%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.18	+9.753%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.200	+0.011%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0311%	1h	92.207	+0.019%	$2K	$29K	5x	as long as short