CL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0366%/8h= +40.1% APRnext payment +$1.83 per $10,000 · paid last 24h +0.048%

Price spread now: KuCoin against Binance+0.026%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 2 days (all we have)−0.058%−$6 · spread now +0.026%, 7d avg +0.006%

Together, before fees+0.152%+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.210% in total (about 11.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.83 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	Binance CLUSDT	92.460	−0.0266	get 0.0133% / 4h	3h 31m	$245.2M	$1.07B	100x
Short	KuCoin CLUSDTM	92.484	0.0100	get 0.0050% / 4h	3h 31m	$7.3M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now +0.026%Rate

Funding earned: $76.88
Price spread: +0.026% → +0.006%: $2
Slippage, 4 orders: −$8.23
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $48.65
Costs to cover: 0.302%
Break-even: 2.6 days

Slippage from Binance: live order book, 13 min ago; KuCoin: live order book, 2 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 Binance live order book, 13 min ago	0.54 bp	6.2 bp −$6	6.9 bp −$69	10.8 bp −$1,079	25.1 bp −$12.5K
Sell KuCoin live order book, 2 min ago	1.24 bp	10.3 bp −$10	doesn't fit	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
GRVT CL_USDT_Perp	−0.0356%	4h	92.460	0.000%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0329%	4h	92.465	+0.006%	$24.0M	$80.0M	20x	as long as short
Binance CLUSDTlong	−0.0266%	4h	92.460	long leg	$245.2M	$1.07B	100x
Variational Omni CL	−0.0260%	4h	92.441	−0.021%	$13.1M	$12.3M	—	as long as short
Gate CL_USDT	−0.0227%	8h	92.390	−0.076%	$21.3M	$55.0M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.471	+0.012%	$274K	$1.1M	25x	as long as short
Nado WTI-PERP	−0.0078%	1h	92.515	+0.059%	$932K	$732K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0074%	1h	92.470	+0.011%	$96K	$189K	15x	as long as short
Ondo Perps WTI-USD.P	−0.0047%	1h	92.460	0.000%	$3.5M	$6.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.465%	$399K	$960K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.450	−0.011%	$2.4M	$2.1M	10x	as long as short
tradeXYZ xyz:CL	−0.0021%	1h	92.472	+0.013%	$186.6M	$257.1M	20x	as long as short
Paradex CL-USD-PERP	−0.0011%	8h	92.446	−0.015%	$15K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	92.483	+0.025%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.470	+0.011%	$26.2M	$92.6M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.450	−0.011%	$43.0M	$111.1M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.579	+0.129%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.455	−0.005%	$42.1M	$50.9M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.490	+0.032%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.466	+0.006%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.024	−0.472%	$5K	—	150x	as long as short
Lighter WTI	+0.0008%	1h	92.460	0.000%	$11.2M	$10.1M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.500	+0.043%	$2.3M	$27.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.360	−0.108%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.490	+0.032%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.473	+0.014%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.456	−0.004%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0066%	4h	92.484	+0.026%	$532K	$299K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.464	+0.004%	$354K	$596K	10x	as long as short
KuCoin CLUSDTMshort	+0.0100%	4h	92.484	+0.026%	$7.3M	$2.3M	50x
ApeX Omni CLUSDT	+0.0100%	1h	92.550	+0.097%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.422	−0.042%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.455	−0.005%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.56	+9.838%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.450	−0.011%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0273%	1h	92.468	+0.008%	$2K	$28K	5x	as long as short