CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0199%/8h= +21.8% APRnext payment +$0.25 per $10,000 · paid last 24h +0.010%

Price spread now: Ondo Perps against Kraken Futures−0.004%7-day average −0.050% · you buy dearer than you sell

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

Long on Kraken Futures Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.416%+$42 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.004%, 7d avg −0.050%

Together, before fees+0.426%+ Points / potential airdropOndo Perps: Active · farm board+$43 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Ondo Perps is 0.045% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WTIOILUSD	92.944	−0.0210	get 0.0026% / 1h	12m 35s	$275K	$929K	25x
Short	Ondo Perps WTI-USD.P	92.940	−0.0011	pay 0.0001% / 1h	12m 35s	$3.6M	$5.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.004%Rate

Funding earned: $41.75
Price spread: −0.004% → −0.050%: $4.55
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $31.3
Costs to cover: 0.150%
Break-even: 1.8 days

Slippage unknown: Kraken Futures: live order book, 31 min ago; Ondo Perps: 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, 31 min ago	2.04 bp	10.0 bp −$10	24.9 bp −$249	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0503%	1h	92.940	−0.004%	$194K	$397K	15x	as long as short
Aster CLUSD1	−0.0270%	4h	93.023	+0.085%	$24.8M	$62.8M	20x	as long as short
GRVT CL_USDT_Perp	−0.0238%	4h	93.007	+0.068%	$77K	$622K	25x	as long as short
Kraken Futures PF_WTIOILUSDlong	−0.0210%	1h	92.944	long leg	$275K	$929K	25x
Binance CLUSDT	−0.0150%	4h	93.003	+0.064%	$246.9M	$921.4M	100x	as long as short
Variational Omni CL	−0.0143%	4h	92.971	+0.029%	$13.5M	$10.7M	—	as long as short
Gate CL_USDT	−0.0134%	8h	92.890	−0.058%	$23.0M	$50.3M	100x	as long as short
Bitget CLUSDT	−0.0114%	4h	93.024	+0.086%	$42.3M	$41.6M	100x	as long as short
Nado WTI-PERP	−0.0112%	1h	93.021	+0.083%	$953K	$614K	10x	as long as short
Aftermath Perps WTIUSD	−0.0100%	1h	92.963	+0.020%	$2K	$26K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0080%	4h	92.990	+0.049%	$42.7M	$102.7M	50x	as long as short
QFEX CL-USD	−0.0038%	1h	92.970	+0.028%	$2.3M	$2.4M	10x	as long as short
edgeX CLUSDC	−0.0021%	4h	93.014	+0.076%	$523K	$306K	30x	as long as short
tradeXYZ xyz:CL	−0.0019%	1h	93.019	+0.081%	$184.2M	$198.1M	20x	as long as short
Lighter WTI	−0.0016%	1h	92.933	−0.012%	$11.2M	$9.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.641%	$405K	$810K	15x	as long as short
Ondo Perps WTI-USD.Pshort	−0.0011%	1h	92.940	−0.004%	$3.6M	$5.3M	20x
dYdX WTI-USD	0.0000%	1h	92.993	+0.052%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.020	+0.082%	$26.8M	$79.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.007	+0.068%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.950	+0.006%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.948	+0.004%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.514	−0.463%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0005%	8h	92.942	−0.002%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	92.990	+0.049%	$1.7M	$15.1M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.970	+0.028%	$737K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.990	+0.049%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.000	+0.060%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.965	+0.023%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.968	+0.026%	$346K	$591K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.938	−0.006%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.990	+0.049%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.932	−0.013%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0159%	4h	92.940	−0.004%	$4.0M	$982K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.888%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0258% / S −0.0205%	1h	93.005	+0.066%	$83K	—	111x	as long as short