CL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0340%/8h= +37.2% APRnext payment +$0.42 per $10,000 · paid last 24h +0.064%

Price spread now: Injective against Kraken Futures+9.813%63s7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Injective

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

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Injective is 9.813% dearer against Kraken Futures than usual: you sell high and buy low: +$981 more if the spread goes back to zero (this spread has no 7-day history yet). 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	Kraken Futures PF_WTIOILUSD	92.481	−0.0120	get 0.0015% / 1h	32m 17s	$274K	$1.1M	25x
Short	Injective WTI/USDC PERP	101.56	0.0220	get 0.0028% / 1h	32m 17s	$19K	$11K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +9.813%Rate

Funding earned: $71.36
Price spread: +9.813% → 0.000%: $981.33
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,042.67
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Kraken Futures: live order book, 1 min ago; Injective: 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, 1 min ago	3.19 bp	11.6 bp −$12	21.0 bp −$210	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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
GRVT CL_USDT_Perp	−0.0356%	4h	92.460	−0.022%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0328%	4h	92.488	+0.008%	$24.0M	$80.2M	20x	as long as short
Binance CLUSDT	−0.0265%	4h	92.450	−0.033%	$245.1M	$1.07B	100x	as long as short
Variational Omni CL	−0.0254%	4h	92.451	−0.032%	$13.2M	$12.2M	—	as long as short
Gate CL_USDT	−0.0229%	8h	92.390	−0.098%	$21.3M	$54.9M	100x	as long as short
Kraken Futures PF_WTIOILUSDlong	−0.0120%	1h	92.481	long leg	$274K	$1.1M	25x
Nado WTI-PERP	−0.0082%	1h	92.533	+0.057%	$932K	$732K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0074%	1h	92.460	−0.022%	$96K	$189K	15x	as long as short
Ondo Perps WTI-USD.P	−0.0044%	1h	92.460	−0.022%	$3.5M	$6.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.487%	$399K	$960K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.470	−0.011%	$2.4M	$2.1M	10x	as long as short
tradeXYZ xyz:CL	−0.0020%	1h	92.466	−0.016%	$186.3M	$256.8M	20x	as long as short
Paradex CL-USD-PERP	−0.0012%	8h	92.470	−0.012%	$15K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	92.483	+0.003%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.465	−0.017%	$26.2M	$92.6M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.460	−0.022%	$43.0M	$111.1M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.613	+0.143%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.458	−0.024%	$42.1M	$50.9M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.530	+0.053%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.462	−0.020%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.011	−0.508%	$5K	—	150x	as long as short
Lighter WTI	+0.0008%	1h	92.495	+0.016%	$11.2M	$10.1M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.490	+0.010%	$2.3M	$27.1M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.370	−0.120%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.480	−0.001%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.466	−0.016%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.455	−0.028%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0066%	4h	92.484	+0.004%	$532K	$299K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.499	+0.020%	$354K	$596K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.491	+0.011%	$7.3M	$2.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.550	+0.075%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.429	−0.056%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.455	−0.028%	$78K	—	111x	as long as short
Injective WTI/USDC PERPshort	+0.0220%	1h	101.56	+9.813%	$19K	$11K	30x
BloFin CL-USDT	+0.0240%	4h	92.400	−0.087%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0278%	1h	92.463	−0.019%	$2K	$28K	5x	as long as short