CL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0137%/8h= +15.0% APRnext payment +$0.17 per $10,000 · paid last 24h +0.017%

Price spread now: Bullet against Kraken Futures−0.008%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−$35as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on Kraken Futures Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.016%−$2 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.008%, 7d avg −0.003%

Together, before fees+0.058%+$6 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: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WTIOILUSD	93.649	−0.0137	get 0.0017% / 1h	50m 34s	$286K	$953K	25x
Short	Bullet WTIOIL-USD	93.642	0	get 0.0000% / 1h	50m 34s	$18K	$240K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Kraken Futures. 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 Kraken FuturesbpFee BulletbpOrdersPrice spread, now −0.008%Rate

Funding earned: $28.77
Price spread: −0.008% → −0.003%: −$0.48
Slippage, 4 orders: −$16.65
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$6.36
Costs to cover: 0.347%
Break-even: 8.5 days

Slippage from Kraken Futures: live order book, 63 min ago; Bullet: live order book, 58 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 Kraken Futures live order book, 63 min ago	1.93 bp	11.2 bp −$11	19.5 bp −$195	doesn't fit	doesn't fit
Sell Bullet live order book, 58 min ago	1.55 bp	7.4 bp −$7	18.4 bp −$184	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	−0.0284%	1h	93.630	−0.021%	$197K	$380K	15x	as long as short
Aster CLUSD1	−0.0267%	4h	93.710	+0.065%	$24.5M	$64.9M	20x	as long as short
GRVT CL_USDT_Perp	−0.0252%	4h	93.616	−0.036%	$58K	$629K	25x	as long as short
Binance CLUSDT	−0.0151%	4h	93.675	+0.027%	$246.8M	$927.5M	100x	as long as short
Aftermath Perps WTIUSD	−0.0151%	1h	93.589	−0.064%	$2K	$26K	5x	as long as short
Variational Omni CL	−0.0143%	4h	93.640	−0.010%	$13.5M	$10.7M	—	as long as short
Kraken Futures PF_WTIOILUSDlong	−0.0137%	1h	93.649	long leg	$286K	$953K	25x
Bitget CLUSDT	−0.0108%	4h	93.668	+0.020%	$42.2M	$42.6M	100x	as long as short
Gate CL_USDT	−0.0092%	8h	93.600	−0.053%	$22.2M	$48.3M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0044%	1h	93.630	−0.021%	$3.5M	$5.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0034%	1h	93.652	+0.003%	$185.2M	$210.7M	20x	as long as short
Nado WTI-PERP	−0.0026%	1h	93.671	+0.024%	$969K	$627K	10x	as long as short
QFEX CL-USD	−0.0023%	1h	93.660	+0.012%	$2.3M	$2.5M	10x	as long as short
OKX CL-USDT-SWAP	−0.0022%	4h	93.660	+0.012%	$42.8M	$101.9M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.159%	$404K	$931K	15x	as long as short
edgeX CLUSDC	−0.0001%	4h	93.623	−0.028%	$526K	$305K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.620	−0.031%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.700	+0.054%	$27.3M	$79.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.718	+0.073%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.660	+0.012%	$38K	$39K	20x	as long as short
Bullet WTIOIL-USDshort	0.0000%	1h	93.642	−0.008%	$18K	$240K	10x
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.175	−0.506%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0028%	8h	93.656	+0.007%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.666	+0.018%	$11.3M	$9.6M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.700	+0.054%	$2.0M	$16.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.680	+0.033%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.630	−0.021%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.625	−0.026%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.651	+0.002%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.670	+0.022%	$333K	$577K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.680	+0.033%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.690	+0.044%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.621	−0.030%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0214%	4h	93.600	−0.053%	$4.0M	$980K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.74	+9.712%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0244% / S −0.0177%	1h	93.635	−0.015%	$84K	—	111x	as long as short