CL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0314%/8h= −34.4% APRnext payment −$0.39 per $10,000 · paid last 24h −0.021%

Price spread now: Kraken Futures against Bullet−0.015%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on Bullet Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.312%−$31 · spread now −0.015%, 7d avg +0.003%

Together, before fees−0.302%−$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.010% in total (about 1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.39 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	Bullet WTIOIL-USD	92.590	0	get 0.0000% / 1h	25m 05s	$19K	$239K	10x
Short	Kraken Futures PF_WTIOILUSD	92.576	−0.0314	pay 0.0039% / 1h	25m 05s	$269K	$948K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bullet. 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 BulletbpFee Kraken FuturesbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$66.02
Price spread: −0.015% → +0.003%: −$1.87
Slippage, 4 orders: −$19.88
Fee Bullet: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$105.77
Costs to cover: 0.379%
Break-even: never at this rate

Slippage from Bullet: live order book, 9 min ago; Kraken Futures: live order book, 13 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 Bullet live order book, 9 min ago	1.56 bp	8.4 bp −$8	16.9 bp −$169	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 13 min ago	3.55 bp	9.3 bp −$9	23.0 bp −$230	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0722%	1h	92.550	−0.043%	$187K	$411K	15x	as long as short
Kraken Futures PF_WTIOILUSDshort	−0.0314%	1h	92.576	−0.015%	$269K	$948K	25x
Aster CLUSD1	−0.0223%	4h	92.600	+0.010%	$25.0M	$60.2M	20x	as long as short
Binance CLUSDT	−0.0124%	4h	92.590	0.000%	$244.9M	$933.0M	100x	as long as short
Gate CL_USDT	−0.0122%	8h	92.520	−0.076%	$23.5M	$50.1M	100x	as long as short
Variational Omni CL	−0.0108%	4h	92.657	+0.072%	$13.5M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0102%	1h	92.598	+0.008%	$947K	$598K	10x	as long as short
Bitget CLUSDT	−0.0078%	4h	92.569	−0.023%	$42.1M	$41.9M	100x	as long as short
GRVT CL_USDT_Perp	−0.0068%	4h	92.853	+0.283%	$74K	$611K	25x	as long as short
Aftermath Perps WTIUSD	−0.0067%	1h	92.827	+0.256%	$1K	$27K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0045%	4h	92.580	−0.011%	$42.5M	$102.8M	50x	as long as short
QFEX CL-USD	−0.0026%	1h	92.600	+0.011%	$2.3M	$2.5M	10x	as long as short
tradeXYZ xyz:CL	−0.0014%	1h	92.581	−0.010%	$183.8M	$192.8M	20x	as long as short
edgeX CLUSDC	0.0000%	4h	92.910	+0.346%	$542K	$341K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	92.605	+0.016%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.610	+0.021%	$27.5M	$82.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.612	+0.024%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USDlong	0.0000%	1h	92.590	long leg	$19K	$239K	10x
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.166	−0.458%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.750	+0.173%	$37K	$39K	20x	as long as short
Paradex CL-USD-PERP	+0.0016%	8h	92.521	−0.075%	$15K	$367	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	92.590	0.000%	$427K	$869K	15x	as long as short
Ondo Perps WTI-USD.P	+0.0030%	1h	92.540	−0.054%	$3.6M	$5.2M	20x	as long as short
Lighter WTI	+0.0032%	1h	92.580	−0.011%	$11.3M	$8.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.620	+0.032%	$1.7M	$14.1M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.680	+0.097%	$729K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.610	+0.021%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.610	+0.021%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.575	−0.016%	$2.1M	$69K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.580	−0.011%	$344K	$584K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.599	+0.010%	$7.0M	$2.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.730	+0.151%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.561	−0.031%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S −0.0007%	1h	92.595	+0.005%	$80K	—	111x	as long as short
BloFin CL-USDT	+0.0197%	4h	92.610	+0.021%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+10.308%	$19K	$5K	30x	as long as short