CL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0450%/8h= +49.3% APRnext payment +$0.56 per $10,000 · paid last 24h −0.030%

Price spread now: Kraken Futures against Extended−0.050%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on Extended Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.477%−$48 on $10k

Price spread, last 3 days (all we have)−0.080%−$8 · spread now −0.050%, 7d avg +0.015%

Together, before fees−0.556%+ Points / potential airdropExtended: Active · farm board−$56 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.065% cheaper against Extended than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of +0.015%). If the spread goes back, that is −$6 on $10k: about 11 hours of funding at the current rate (+$14 a day). Mind the row above: over the last 7 days funding on this pair cost −0.477%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WTI-USD	92.070	0	get 0.0000% / 1h	13m 32s	$2.0M	$28.8M	10x
Short	Kraken Futures PF_WTIOILUSD	92.024	0.0450	get 0.0056% / 1h	13m 32s	$275K	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Extended. 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 ExtendedbpFee Kraken FuturesbpOrdersPrice spread, now −0.050%Rate

Funding earned: $94.53
Price spread: −0.050% → +0.015%: −$6.46
Slippage, 4 orders: −$11.57
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $61.5
Costs to cover: 0.266%
Break-even: 2.4 days

Slippage from Extended: live order book, 6 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 Extended live order book, 6 min ago	0.05 bp	2.7 bp −$3	5.0 bp −$50	20.6 bp −$2,057	doesn't fit
Sell Kraken Futures live order book, 5 min ago	1.47 bp	10.0 bp −$10	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
Lighter WTI	−0.0296%	1h	91.994	−0.083%	$11.1M	$11.5M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0293%	1h	92.020	−0.054%	$95K	$208K	15x	as long as short
GRVT CL_USDT_Perp	−0.0182%	4h	91.990	−0.087%	$58K	$715K	25x	as long as short
Nado WTI-PERP	−0.0166%	1h	92.080	+0.011%	$923K	$748K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0165%	1h	91.980	−0.098%	$3.5M	$6.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0142%	1h	92.026	−0.048%	$185.4M	$280.1M	20x	as long as short
Aftermath Perps WTIUSD	−0.0139%	1h	92.038	−0.034%	$2K	$30K	5x	as long as short
Aster CLUSD1	−0.0130%	4h	92.030	−0.043%	$23.9M	$78.0M	20x	as long as short
Bullet WTIOIL-USD	−0.0117%	1h	92.004	−0.071%	$18K	$241K	10x	as long as short
Paradex CL-USD-PERP	−0.0107%	8h	91.992	−0.085%	$15K	$367	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CLUSDT	−0.0031%	4h	92.010	−0.065%	$245.3M	$1.12B	100x	as long as short
Gate CL_USDT	−0.0005%	8h	91.950	−0.130%	$21.2M	$59.5M	100x	as long as short
Polymarket Perps WTIOIL-USD	−0.0002%	1h	92.005	−0.071%	$1.6M	$1.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.041%	$8K	$3K	5x	as long as short
Extended WTI-USDlong	0.0000%	1h	92.070	long leg	$2.0M	$28.8M	10x
Bybit CLUSDT	0.0000%	8h	92.027	−0.047%	$25.4M	$97.2M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.990	−0.087%	$43.2M	$113.5M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.990	−0.087%	$2.4M	$2.6M	10x	as long as short
Bitget CLUSDT	0.0000%	4h	92.001	−0.075%	$42.0M	$52.4M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.974	−0.105%	$13.4M	$13.3M	—	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.605	−0.505%	$4K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.070	0.000%	$37K	$99K	20x	as long as short
StandX CL-USD	+0.0034%	1h	92.000	−0.076%	$723K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.090	+0.022%	—	$308K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.997	−0.079%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0099%	4h	92.016	−0.059%	$529K	$342K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.015	−0.060%	$332K	$579K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.012	−0.063%	$7.2M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.050	−0.022%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.979	−0.098%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	92.020	−0.054%	$398K	$1.1M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	101.16	+9.872%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	91.995	−0.081%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.980	−0.098%	$4.0M	$1.4M	50x	as long as short
Kraken Futures PF_WTIOILUSDshort	+0.0450%	1h	92.024	−0.050%	$275K	$1.2M	25x
RISEx CL/USDC	+0.0977%	1h	92.127	+0.062%	$3.2M	$2.7M	20x	as long as short