CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0172%/8h= +18.9% APRnext payment +$0.22 per $10,000 · paid last 24h +0.013%

Price spread now: QFEX against Kraken Futures+0.001%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on Kraken Futures Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.037%−$4 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.001%, 7d avg −0.016%

Together, before fees−0.014%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WTIOILUSD	93.019	−0.0210	get 0.0026% / 1h	15m 13s	$275K	$929K	25x
Short	QFEX CL-USD	93.020	−0.0038	pay 0.0005% / 1h	15m 13s	$2.3M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.001%Rate

Funding earned: $36.19
Price spread: +0.001% → −0.016%: $1.73
Slippage, 4 orders: −$15.12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: $2.8
Costs to cover: 0.351%
Break-even: 6.5 days

Slippage from Kraken Futures: live order book, 28 min ago; QFEX: live order book, 2 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, 28 min ago	2.04 bp	10.0 bp −$10	24.9 bp −$249	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	1.62 bp	6.6 bp −$7	6.6 bp −$66	8.0 bp −$798	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	−0.0502%	1h	92.970	−0.053%	$194K	$397K	15x	as long as short
Aster CLUSD1	−0.0274%	4h	93.040	+0.023%	$24.8M	$63.0M	20x	as long as short
GRVT CL_USDT_Perp	−0.0244%	4h	92.942	−0.082%	$77K	$622K	25x	as long as short
Kraken Futures PF_WTIOILUSDlong	−0.0210%	1h	93.019	long leg	$275K	$929K	25x
Binance CLUSDT	−0.0152%	4h	93.010	−0.010%	$246.9M	$922.0M	100x	as long as short
Variational Omni CL	−0.0143%	4h	92.971	−0.052%	$13.5M	$10.7M	—	as long as short
Gate CL_USDT	−0.0135%	8h	92.950	−0.074%	$23.0M	$50.2M	100x	as long as short
Bitget CLUSDT	−0.0116%	4h	93.000	−0.020%	$42.3M	$41.6M	100x	as long as short
Nado WTI-PERP	−0.0112%	1h	93.061	+0.045%	$953K	$617K	10x	as long as short
Aftermath Perps WTIUSD	−0.0099%	1h	92.998	−0.023%	$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	−0.0081%	4h	92.990	−0.031%	$42.7M	$102.8M	50x	as long as short
edgeX CLUSDC	−0.0079%	4h	92.903	−0.124%	$522K	$306K	30x	as long as short
QFEX CL-USDshort	−0.0038%	1h	93.020	+0.001%	$2.3M	$2.4M	10x
tradeXYZ xyz:CL	−0.0020%	1h	93.011	−0.009%	$184.2M	$198.1M	20x	as long as short
Lighter WTI	−0.0016%	1h	92.982	−0.040%	$11.2M	$9.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.560%	$405K	$810K	15x	as long as short
Ondo Perps WTI-USD.P	−0.0015%	1h	92.990	−0.031%	$3.6M	$5.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.993	−0.028%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.020	+0.001%	$26.8M	$79.3M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.055	+0.039%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.990	−0.031%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.008	−0.011%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.551	−0.503%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0003%	8h	92.995	−0.026%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.030	+0.012%	$1.7M	$15.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.030	+0.012%	$737K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.010	−0.010%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.010	−0.010%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.001	−0.019%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.032	+0.014%	$347K	$591K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.019	0.000%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.020	+0.001%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.990	−0.031%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0158%	4h	93.020	+0.001%	$4.1M	$982K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.799%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0258% / S −0.0205%	1h	93.005	−0.015%	$83K	—	111x	as long as short