CL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0482%/8h= +52.7% APRnext payment +$0.60 per $10,000 · paid last 24h +0.029%

Price spread now: Extended against Kraken Futures+0.001%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs+$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$270.273% of the position

Long on Kraken Futures Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.487%+$49 on $10k

Price spread, last 3 days (all we have)+0.079%+$8 · spread now +0.001%, 7d avg −0.014%

Together, before fees+0.566%+ Points / potential airdropExtended: Active · farm board+$57 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: +$14 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	92.219	−0.0450	get 0.0056% / 1h	21m 23s	$273K	$1.2M	25x
Short	Extended WTI-USD	92.220	0.0032	get 0.0004% / 1h	21m 23s	$2.0M	$26.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.001%Rate

Funding earned: $101.12
Price spread: +0.001% → −0.014%: $1.47
Slippage, 4 orders: −$12.33
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $75.25
Costs to cover: 0.273%
Break-even: 1.8 days

Slippage from Kraken Futures: live order book, 2 min ago; Extended: live order book, 3 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, 2 min ago	3.04 bp	12.5 bp −$13	22.0 bp −$220	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	0.11 bp	2.7 bp −$3	6.5 bp −$65	25.0 bp −$2,498	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
Kraken Futures PF_WTIOILUSDlong	−0.0450%	1h	92.219	long leg	$273K	$1.2M	25x
GRVT CL_USDT_Perp	−0.0316%	4h	92.191	−0.030%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0268%	4h	92.194	−0.027%	$24.0M	$77.5M	20x	as long as short
Binance CLUSDT	−0.0185%	4h	92.190	−0.032%	$244.7M	$1.09B	100x	as long as short
Variational Omni CL	−0.0168%	4h	92.173	−0.051%	$13.3M	$12.7M	—	as long as short
Nado WTI-PERP	−0.0138%	1h	92.221	+0.002%	$925K	$737K	10x	as long as short
Lighter WTI	−0.0080%	1h	92.161	−0.063%	$11.2M	$10.9M	20x	as long as short
Paradex CL-USD-PERP	−0.0063%	8h	92.155	−0.070%	$15K	$367	5x	as long as short
QFEX CL-USD	−0.0054%	1h	92.180	−0.043%	$2.4M	$2.3M	10x	as long as short
tradeXYZ xyz:CL	−0.0052%	1h	92.188	−0.034%	$186.4M	$275.0M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps WTI-USD.P	−0.0049%	1h	92.190	−0.032%	$3.5M	$6.3M	20x	as long as short
Gate CL_USDT	−0.0032%	8h	92.110	−0.118%	$21.3M	$58.0M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.182	−0.040%	$333K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.274	+0.060%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.191	−0.031%	$25.9M	$94.3M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.180	−0.043%	$43.0M	$112.8M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.301	+0.089%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.171	−0.052%	$42.0M	$51.6M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.230	+0.012%	$37K	$101K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.187	−0.035%	$19K	$241K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	92.200	−0.021%	$96K	$189K	15x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.205%	$399K	$963K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.743	−0.516%	$5K	—	150x	as long as short
Extended WTI-USDshort	+0.0032%	1h	92.220	+0.001%	$2.0M	$26.7M	10x
StandX CL-USD	+0.0040%	1h	92.210	−0.010%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.220	+0.001%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.181	−0.041%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.185	−0.037%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0062%	4h	92.213	−0.007%	$530K	$325K	30x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.195	−0.026%	$7.1M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.190	−0.032%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.165	−0.059%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.185	−0.037%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.18	+9.718%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.200	−0.021%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0311%	1h	92.207	−0.013%	$2K	$29K	5x	as long as short