CL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0083%/8h= +9.1% APRnext payment +$0.10 per $10,000 · paid last 24h +0.036%

Price spread now: Kraken Futures against Deribit+0.026%7-day average +0.001% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on Deribit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.046%+$5 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.026%, 7d avg +0.001%

Together, before fees+0.026%+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kraken Futures is 0.025% dearer against Deribit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WTIOIL_USDC-PERPETUAL	92.780	−0.0396	get 0.0050% / 1h	33m 04s	$187K	$410K	15x
Short	Kraken Futures PF_WTIOILUSD	92.804	−0.0314	pay 0.0039% / 1h	33m 04s	$271K	$934K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. 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 DeribitbpFee Kraken FuturesbpOrdersPrice spread, now +0.026%Rate

Funding earned: $17.36
Price spread: +0.026% → +0.001%: $2.5
Slippage, 4 orders: −$15.1
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$12.24
Costs to cover: 0.321%
Break-even: 11.9 days

Slippage from Deribit: live order book, 1 min ago; Kraken Futures: live order book, 5 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 Deribit live order book, 1 min ago	1.08 bp	5.7 bp −$6	8.1 bp −$81	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 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-PERPETUALlong	−0.0396%	1h	92.780	long leg	$187K	$410K	15x
Kraken Futures PF_WTIOILUSDshort	−0.0314%	1h	92.804	+0.026%	$271K	$934K	25x
Aster CLUSD1	−0.0228%	4h	92.785	+0.005%	$24.8M	$60.6M	20x	as long as short
Gate CL_USDT	−0.0157%	8h	92.690	−0.097%	$23.4M	$49.6M	100x	as long as short
Binance CLUSDT	−0.0126%	4h	92.770	−0.011%	$245.6M	$931.5M	100x	as long as short
Variational Omni CL	−0.0113%	4h	92.780	0.000%	$13.5M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0099%	1h	92.853	+0.079%	$950K	$600K	10x	as long as short
GRVT CL_USDT_Perp	−0.0094%	4h	92.734	−0.049%	$75K	$624K	25x	as long as short
Bitget CLUSDT	−0.0078%	4h	92.734	−0.050%	$42.1M	$41.7M	100x	as long as short
Aftermath Perps WTIUSD	−0.0072%	1h	92.810	+0.032%	$2K	$26K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0063%	4h	92.758	−0.024%	$541K	$342K	30x	as long as short
OKX CL-USDT-SWAP	−0.0050%	4h	92.750	−0.032%	$42.5M	$102.8M	50x	as long as short
QFEX CL-USD	−0.0026%	1h	92.770	−0.011%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CL	−0.0016%	1h	92.752	−0.030%	$184.2M	$192.2M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.833	+0.057%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.790	+0.011%	$27.4M	$81.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.824	+0.048%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.818	+0.041%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.335	−0.480%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.850	+0.075%	$37K	$39K	20x	as long as short
Paradex CL-USD-PERP	+0.0015%	8h	92.799	+0.020%	$16K	$367	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	92.610	−0.183%	$412K	$831K	15x	as long as short
Lighter WTI	+0.0032%	1h	92.763	−0.018%	$11.3M	$8.8M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.840	+0.065%	$1.7M	$14.3M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0034%	1h	92.750	−0.032%	$3.6M	$5.2M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.750	−0.032%	$730K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.790	+0.011%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.825	+0.049%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.795	+0.016%	$2.1M	$69K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.800	+0.022%	$346K	$589K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.825	+0.049%	$7.0M	$2.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.860	+0.086%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.786	+0.007%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S −0.0007%	1h	92.805	+0.027%	$80K	—	111x	as long as short
BloFin CL-USDT	+0.0189%	4h	92.780	0.000%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+10.082%	$19K	$5K	30x	as long as short