CL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0278%/8h= +30.5% APRnext payment +$0.35 per $10,000 · paid last 24h −0.063%

Price spread now: Kraken Futures against Injective−9.051%63s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Kraken Futures is 9.051% cheaper against Injective than usual: you would sell low and buy high (spread −9.051% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$905 on $10k: about 4 months of funding at the current rate (+$8 a day). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective WTI/USDC PERP	101.16	0.0172	pay 0.0022% / 1h	16m 17s	$19K	$18K	30x
Short	Kraken Futures PF_WTIOILUSD	92.003	0.0450	get 0.0056% / 1h	16m 17s	$275K	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Injective. 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 InjectivebpFee Kraken FuturesbpOrdersPrice spread, now −9.051%Rate

Funding earned: $58.41
Price spread: −9.051% → 0.000%: −$905.12
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$856.73
Costs to cover: 0.100%
Break-even: 109.7 days

Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 2 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 Injective no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 2 min ago	1.47 bp	10.0 bp −$10	20.6 bp −$206	doesn't fit	doesn't fit

Injective: 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
Lighter WTI	−0.0304%	1h	91.969	−9.085%	$11.1M	$11.4M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0293%	1h	92.010	−9.044%	$95K	$208K	15x	as long as short
GRVT CL_USDT_Perp	−0.0172%	4h	91.968	−9.086%	$58K	$715K	25x	as long as short
Nado WTI-PERP	−0.0167%	1h	92.058	−8.997%	$923K	$748K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0167%	1h	91.960	−9.094%	$3.5M	$6.4M	20x	as long as short
Aftermath Perps WTIUSD	−0.0157%	1h	92.036	−9.019%	$2K	$30K	5x	as long as short
tradeXYZ xyz:CL	−0.0144%	1h	92.004	−9.050%	$185.3M	$280.0M	20x	as long as short
Bullet WTIOIL-USD	−0.0121%	1h	91.986	−9.068%	$18K	$240K	10x	as long as short
Aster CLUSD1	−0.0119%	4h	92.004	−9.050%	$23.9M	$78.4M	20x	as long as short
Paradex CL-USD-PERP	−0.0107%	8h	91.967	−9.086%	$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	−0.0020%	4h	91.990	−9.064%	$245.3M	$1.12B	100x	as long as short
Polymarket Perps WTIOIL-USD	−0.0003%	1h	91.991	−9.063%	$1.6M	$1.4M	20x	as long as short
Gate CL_USDT	−0.0003%	8h	91.930	−9.123%	$21.2M	$59.4M	100x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	−8.948%	$8K	$3K	5x	as long as short
Extended WTI-USD	0.0000%	1h	92.050	−9.005%	$2.0M	$28.8M	10x	as long as short
Bybit CLUSDT	0.0000%	8h	92.010	−9.044%	$25.4M	$97.3M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.970	−9.084%	$43.2M	$113.7M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.970	−9.084%	$2.4M	$2.6M	10x	as long as short
Bitget CLUSDT	0.0000%	4h	91.982	−9.072%	$42.1M	$52.5M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.944	−9.110%	$13.4M	$13.4M	—	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.574	−9.475%	$4K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.040	−9.015%	$37K	$99K	20x	as long as short
StandX CL-USD	+0.0013%	1h	91.990	−9.064%	$723K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.090	−8.965%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.982	−9.072%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0062%	4h	91.969	−9.084%	$529K	$341K	30x	as long as short
Pacifica CL	+0.0100%	1h	91.994	−9.060%	$332K	$579K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.006	−9.048%	$7.2M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	91.970	−9.084%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.967	−9.087%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	92.020	−9.034%	$398K	$1.1M	15x	as long as short
Injective WTI/USDC PERPlong	+0.0172%	1h	101.16	long leg	$19K	$18K	30x
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	91.985	−9.069%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.000	−9.054%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSDshort	+0.0450%	1h	92.003	−9.051%	$275K	$1.2M	25x
RISEx CL/USDC	+0.0977%	1h	92.107	−8.949%	$3.2M	$2.7M	20x	as long as short