CL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0102%/8h= −11.2% APRnext payment −$0.13 per $10,000 · paid last 24h −0.096%

Price spread now: Kraken Futures against GMX+0.037%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Kraken Futures is 0.037% dearer against GMX than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX WTIOIL/USD [ETH-USDC]	92.935	L +0.0207% / S −0.0131%	pay 0.0026% / 1h	6m 29s	$78K	—	111x
Short	Kraken Futures PF_WTIOILUSD	92.970	0.0105	get 0.0013% / 1h	6m 29s	$274K	$872K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against GMX. 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 GMXbpFee Kraken FuturesbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$21.48
Price spread: +0.037% → 0.000%: $3.73
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$39.75
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 62 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 62 min ago	3.23 bp	8.8 bp −$9	22.0 bp −$220	doesn't fit	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0610%	1h	92.900	−0.038%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0264%	4h	92.978	+0.046%	$24.0M	$68.1M	20x	as long as short
GRVT CL_USDT_Perp	−0.0246%	4h	92.885	−0.053%	$53K	$635K	25x	as long as short
Binance CLUSDT	−0.0207%	4h	92.980	+0.048%	$244.7M	$951.7M	100x	as long as short
Variational Omni CL	−0.0197%	4h	92.897	−0.041%	$13.5M	$11.2M	—	as long as short
Ondo Perps WTI-USD.P	−0.0165%	1h	92.890	−0.048%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0148%	1h	93.029	+0.102%	$961K	$655K	10x	as long as short
OKX CL-USDT-SWAP	−0.0082%	4h	92.980	+0.048%	$42.8M	$102.2M	50x	as long as short
Extended WTI-USD	−0.0080%	1h	93.010	+0.081%	$2.1M	$22.1M	10x	as long as short
tradeXYZ xyz:CL	−0.0073%	1h	92.977	+0.045%	$184.3M	$216.8M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSD	−0.0073%	1h	92.955	+0.021%	$2K	$27K	5x	as long as short
Gate CL_USDT	−0.0066%	8h	92.910	−0.027%	$20.9M	$53.2M	100x	as long as short
edgeX CLUSDC	−0.0065%	4h	92.900	−0.038%	$529K	$302K	30x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.199%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.950	+0.016%	$2.5M	$1.7M	10x	as long as short
Bitget CLUSDT	−0.0020%	4h	92.972	+0.040%	$42.1M	$43.5M	100x	as long as short
Lighter WTI	0.0000%	1h	92.968	+0.036%	$11.2M	$10.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.937	+0.002%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.990	+0.059%	$26.6M	$80.8M	150x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.940	+0.005%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.980	+0.048%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.549	−0.415%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0006%	4h	92.984	+0.053%	$7.1M	$2.4M	50x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	92.956	+0.023%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.940	+0.005%	$733K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.990	+0.059%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.989	+0.058%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.925	−0.011%	$2.1M	$60K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	93.057	+0.132%	$3.1M	$2.9M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.964	+0.032%	$331K	$619K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.960	+0.027%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.905	−0.032%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSDshort	+0.0105%	1h	92.970	+0.037%	$274K	$872K	25x
BloFin CL-USDT	+0.0162%	4h	92.930	−0.005%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]long	L +0.0207% / S −0.0131%	1h	92.935	long leg	$78K	—	111x
Injective WTI/USDC PERP	+0.0220%	1h	102.10	+9.860%	$19K	$11K	30x	as long as short