CL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0161%/8h= +17.6% APRnext payment +$0.20 per $10,000 · paid last 24h +0.037%

Price spread now: Pacifica against Kraken Futures−0.072%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs+$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$310.315% of the position

Long on Kraken Futures Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.377%+$38 on $10k

Price spread, last 4 days (all we have)+0.242%+$24 · spread now −0.072%, 7d avg −0.027%

Together, before fees+0.618%+ Points / potential airdropPacifica: Active · farm board+$62 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.045% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of −0.027%). If the spread goes back, that is −$4 on $10k: about 22 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WTIOILUSD	93.154	−0.0061	get 0.0008% / 1h	50m 51s	$268K	$935K	25x
Short	Pacifica CL	93.087	0.0100	get 0.0013% / 1h	50m 51s	$330K	$622K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.072%Rate

Funding earned: $33.8
Price spread: −0.072% → −0.027%: −$4.5
Slippage, 4 orders: −$13.48
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$2.17
Costs to cover: 0.315%
Break-even: 7.4 days

Slippage from Kraken Futures: live order book, 8 min ago; Pacifica: 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, 8 min ago	2.42 bp	11.4 bp −$11	19.4 bp −$194	doesn't fit	doesn't fit
Sell Pacifica live order book, 3 min ago	0.11 bp	6.0 bp −$6	doesn't fit	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	−0.0287%	1h	93.120	−0.036%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0266%	4h	93.146	−0.008%	$24.1M	$66.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0238%	4h	93.007	−0.158%	$54K	$658K	25x	as long as short
Binance CLUSDT	−0.0175%	4h	93.131	−0.025%	$245.0M	$942.7M	100x	as long as short
Variational Omni CL	−0.0167%	4h	93.119	−0.038%	$13.5M	$10.7M	—	as long as short
Bitget CLUSDT	−0.0126%	4h	93.121	−0.035%	$42.0M	$43.3M	100x	as long as short
Nado WTI-PERP	−0.0119%	1h	93.109	−0.048%	$964K	$645K	10x	as long as short
Aftermath Perps WTIUSD	−0.0109%	1h	93.045	−0.117%	$2K	$27K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0096%	1h	93.060	−0.101%	$3.5M	$5.3M	20x	as long as short
edgeX CLUSDC	−0.0077%	4h	93.022	−0.142%	$526K	$303K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSDlong	−0.0061%	1h	93.154	long leg	$268K	$935K	25x
Gate CL_USDT	−0.0046%	8h	93.090	−0.069%	$20.9M	$50.7M	100x	as long as short
OKX CL-USDT-SWAP	−0.0042%	4h	93.140	−0.015%	$42.6M	$102.6M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.190	+0.039%	$401K	$928K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.110	−0.047%	$2.3M	$1.8M	10x	as long as short
KuCoin CLUSDTM	−0.0020%	4h	93.134	−0.021%	$7.1M	$2.4M	50x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.050	−0.111%	$37K	$41K	20x	as long as short
tradeXYZ xyz:CL	−0.0002%	1h	93.133	−0.022%	$184.7M	$218.7M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.030	−0.133%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.150	−0.004%	$26.5M	$80.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.206	+0.056%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.142	−0.013%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.687	−0.501%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0011%	8h	93.116	−0.040%	$16K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	93.137	−0.018%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.160	+0.007%	$2.0M	$19.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.050	−0.111%	$735K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.120	−0.036%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.138	−0.017%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.137	−0.018%	$2.1M	$60K	20x	as long as short
Pacifica CLshort	+0.0100%	1h	93.087	−0.072%	$330K	$622K	10x
ApeX Omni CLUSDT	+0.0100%	1h	93.120	−0.036%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.095	−0.063%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0196%	4h	93.070	−0.090%	$4.0M	$996K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0219% / S −0.0146%	1h	93.135	−0.020%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.17	+9.674%	$19K	$11K	30x	as long as short