CL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0105%/8h= −11.5% APRnext payment −$0.13 per $10,000 · paid last 24h +0.022%

Price spread now: Phoenix against Kraken Futures+0.044%7-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 Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.472%+$47 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Phoenix is 0.044% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.044% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 34 hours. Mind the row above: over the last 7 days funding on this pair paid +0.472%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WTIOILUSD	92.889	0.0105	pay 0.0013% / 1h	56m 44s	$273K	$882K	25x
Short	Phoenix WTIOIL	92.930	0	get 0.0000% / 1h	56m 44s	$37K	$42K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$22.01
Price spread: +0.044% → 0.000%: $4.42
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$34.58
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 12 min ago; Phoenix: 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, 12 min ago	3.23 bp	10.7 bp −$11	16.7 bp −$167	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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 35 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	−0.0504%	1h	92.830	−0.063%	$198K	$366K	15x	as long as short
Aster CLUSD1	−0.0242%	4h	92.900	+0.012%	$24.0M	$71.1M	20x	as long as short
Variational Omni CL	−0.0211%	4h	92.799	−0.097%	$13.5M	$11.1M	—	as long as short
GRVT CL_USDT_Perp	−0.0210%	4h	92.938	+0.053%	$61K	$633K	25x	as long as short
Binance CLUSDT	−0.0209%	4h	92.889	0.000%	$244.8M	$963.2M	100x	as long as short
Nado WTI-PERP	−0.0095%	1h	92.942	+0.057%	$962K	$670K	10x	as long as short
Gate CL_USDT	−0.0090%	8h	92.840	−0.053%	$20.9M	$52.0M	100x	as long as short
tradeXYZ xyz:CL	−0.0049%	1h	92.878	−0.012%	$184.8M	$219.6M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.150%	$402K	$946K	15x	as long as short
Ondo Perps WTI-USD.P	−0.0038%	1h	92.820	−0.074%	$3.5M	$5.7M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0032%	1h	92.870	−0.020%	$2.5M	$1.7M	10x	as long as short
edgeX CLUSDC	−0.0029%	4h	92.808	−0.087%	$528K	$303K	30x	as long as short
Aftermath Perps WTIUSD	−0.0013%	1h	92.896	+0.007%	$2K	$28K	5x	as long as short
OKX CL-USDT-SWAP	−0.0003%	4h	92.890	+0.001%	$42.8M	$102.5M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.909	+0.021%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.910	+0.023%	$26.9M	$81.5M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.887	−0.002%	$41.9M	$43.4M	100x	as long as short
Phoenix WTIOILshort	0.0000%	1h	92.930	+0.044%	$37K	$42K	20x
Bullet WTIOIL-USD	0.0000%	1h	92.879	−0.011%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.425	−0.499%	$5K	—	150x	as long as short
Lighter WTI	+0.0032%	1h	92.885	−0.004%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.930	+0.044%	$2.1M	$23.6M	10x	as long as short
Paradex CL-USD-PERP	+0.0035%	8h	92.878	−0.012%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.330	−0.602%	$726K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.910	+0.023%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.894	+0.005%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.867	−0.024%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	93.007	+0.127%	$3.3M	$2.7M	20x	as long as short
KuCoin CLUSDTM	+0.0084%	4h	92.878	−0.012%	$7.3M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.891	+0.002%	$332K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.930	+0.044%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.840	−0.053%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSDlong	+0.0105%	1h	92.889	long leg	$273K	$882K	25x
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.865	−0.026%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.15	+9.967%	$19K	$11K	30x	as long as short