CL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0320%/8h= +35.1% APRnext payment +$0.40 per $10,000 · paid last 24h +0.068%

Price spread now: GMX against Kraken Futures−0.038%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on GMX

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. GMX is 0.038% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 10 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WTIOILUSD	92.991	−0.0313	get 0.0039% / 1h	28m 17s	$272K	$945K	25x
Short	GMX WTIOIL/USD [ETH-USDC]	92.955	L +0.0166% / S −0.0007%	get 0.0001% / 1h	28m 17s	$80K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.038%Rate

Funding earned: $67.26
Price spread: −0.038% → 0.000%: −$3.85
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $41.41
Costs to cover: 0.220%
Break-even: 2.7 days

Slippage unknown: Kraken Futures: live order book, 10 min ago; GMX: no order-book sample. 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 Kraken Futures live order book, 10 min ago	3.55 bp	12.6 bp −$13	20.9 bp −$209	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	92.890	−0.108%	$188K	$410K	15x	as long as short
Kraken Futures PF_WTIOILUSDlong	−0.0313%	1h	92.991	long leg	$272K	$945K	25x
Aster CLUSD1	−0.0226%	4h	92.932	−0.064%	$24.9M	$60.3M	20x	as long as short
Binance CLUSDT	−0.0123%	4h	92.910	−0.087%	$246.0M	$930.3M	100x	as long as short
Variational Omni CL	−0.0109%	4h	92.750	−0.259%	$13.5M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0103%	1h	93.121	+0.140%	$953K	$598K	10x	as long as short
Gate CL_USDT	−0.0102%	8h	92.950	−0.044%	$23.5M	$49.9M	100x	as long as short
GRVT CL_USDT_Perp	−0.0094%	4h	92.724	−0.287%	$74K	$601K	25x	as long as short
edgeX CLUSDC	−0.0091%	4h	92.745	−0.264%	$541K	$343K	30x	as long as short
Aftermath Perps WTIUSD	−0.0072%	1h	92.885	−0.113%	$1K	$27K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CLUSDT	−0.0072%	4h	92.985	−0.006%	$42.2M	$41.6M	100x	as long as short
OKX CL-USDT-SWAP	−0.0047%	4h	92.920	−0.076%	$42.6M	$102.8M	50x	as long as short
QFEX CL-USD	−0.0026%	1h	93.070	+0.085%	$2.3M	$2.5M	10x	as long as short
tradeXYZ xyz:CL	−0.0013%	1h	93.031	+0.043%	$184.7M	$192.5M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.083	+0.099%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.945	−0.049%	$27.4M	$81.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.130	+0.150%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.015	+0.026%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.548	−0.476%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.750	−0.259%	$37K	$39K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	92.610	−0.409%	$412K	$814K	15x	as long as short
Paradex CL-USD-PERP	+0.0017%	8h	93.048	+0.062%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.905	−0.092%	$11.3M	$8.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.020	+0.031%	$1.7M	$14.2M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0039%	1h	93.060	+0.074%	$3.6M	$5.2M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.930	−0.065%	$731K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.030	+0.042%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.054	+0.068%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.910	−0.087%	$2.1M	$69K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.097	+0.114%	$346K	$584K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.936	−0.059%	$7.1M	$2.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.770	−0.237%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.962	−0.031%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]short	L +0.0166% / S −0.0007%	1h	92.955	−0.038%	$80K	—	111x
BloFin CL-USDT	+0.0193%	4h	92.930	−0.065%	$4.1M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.832%	$19K	$5K	30x	as long as short