CL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0315%/8h= +34.5% APRnext payment +$0.39 per $10,000 · paid last 24h +0.039%

Price spread now: RISEx against Kraken Futures−0.052%7-day average +0.043% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on Kraken Futures Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.127%+$13 on $10k

Price spread, last 4 days (all we have)+0.416%+$42 · spread now −0.052%, 7d avg +0.043%

Together, before fees+0.543%+$54 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.094% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of +0.043%). If the spread goes back, that is −$9 on $10k: about 24 hours of funding at the current rate (+$9 a day). At the pace of the last 4 days (+0.127% in total) that is about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WTIOILUSD	92.276	−0.0315	get 0.0039% / 1h	17m 01s	$258K	$944K	25x
Short	RISEx CL/USDC	92.228	0	get 0.0000% / 1h	17m 01s	$3.0M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.052%Rate

Funding earned: $66.24
Price spread: −0.052% → +0.043%: −$9.44
Slippage, 4 orders: −$14.25
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $26.55
Costs to cover: 0.302%
Break-even: 4.2 days

Slippage from Kraken Futures: live order book, 21 min ago; RISEx: 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, 21 min ago	3.55 bp	12.6 bp −$13	20.9 bp −$209	doesn't fit	doesn't fit
Sell RISEx live order book, 2 min ago	1.19 bp	4.2 bp −$4	6.6 bp −$66	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	−0.0509%	1h	92.210	−0.071%	$184K	$415K	15x	as long as short
Kraken Futures PF_WTIOILUSDlong	−0.0315%	1h	92.276	long leg	$258K	$944K	25x
Aster CLUSD1	−0.0215%	4h	92.240	−0.039%	$24.9M	$59.3M	20x	as long as short
Binance CLUSDT	−0.0125%	4h	92.216	−0.065%	$244.9M	$936.4M	100x	as long as short
Variational Omni CL	−0.0105%	4h	92.432	+0.169%	$13.5M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0100%	1h	92.257	−0.020%	$944K	$598K	10x	as long as short
GRVT CL_USDT_Perp	−0.0098%	4h	92.300	+0.026%	$74K	$611K	25x	as long as short
edgeX CLUSDC	−0.0090%	4h	92.379	+0.112%	$539K	$343K	30x	as long as short
Gate CL_USDT	−0.0084%	8h	92.170	−0.115%	$23.7M	$50.6M	100x	as long as short
Bitget CLUSDT	−0.0078%	4h	92.213	−0.068%	$42.0M	$42.1M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSD	−0.0056%	1h	92.494	+0.237%	$1K	$27K	5x	as long as short
OKX CL-USDT-SWAP	−0.0046%	4h	92.220	−0.060%	$42.3M	$103.1M	50x	as long as short
QFEX CL-USD	−0.0026%	1h	92.190	−0.093%	$2.3M	$2.5M	10x	as long as short
tradeXYZ xyz:CL	−0.0009%	1h	92.236	−0.043%	$183.6M	$192.5M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.226	−0.054%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.229	−0.051%	$27.1M	$83.6M	150x	as long as short
RISEx CL/USDCshort	0.0000%	1h	92.228	−0.052%	$3.0M	$2.8M	20x
Bullet WTIOIL-USD	0.0000%	1h	92.244	−0.034%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.815	−0.499%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.520	+0.265%	$37K	$39K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	92.340	+0.070%	$417K	$982K	15x	as long as short
Paradex CL-USD-PERP	+0.0017%	8h	92.199	−0.084%	$15K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	92.212	−0.069%	$11.2M	$9.0M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.270	−0.006%	$1.7M	$13.9M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0035%	1h	92.170	−0.115%	$3.6M	$5.2M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.230	−0.050%	$725K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.240	−0.039%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.240	−0.039%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.235	−0.044%	$2.0M	$69K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.234	−0.046%	$342K	$574K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.245	−0.033%	$7.0M	$2.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.450	+0.189%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.188	−0.095%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0165% / S −0.0007%	1h	92.225	−0.055%	$80K	—	111x	as long as short
BloFin CL-USDT	+0.0195%	4h	92.230	−0.050%	$4.1M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+10.684%	$19K	$5K	30x	as long as short