CL

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0382%/8h= +41.9% APRnext payment +$0.48 per $10,000 · paid last 24h +0.037%

Price spread now: StandX against Kraken Futures+0.068%46s7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$430.431% of the position

Long on Kraken Futures Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.394%+$39 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.068%, 7d avg −0.044%

Together, before fees+0.424%+ Points / potential airdropStandX: Active · farm board+$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and StandX is 0.112% dearer against Kraken Futures than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.044%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WTIOILUSD	89.269	−0.0342	get 0.0043% / 1h	6m 24s	$304K	$1.9M	25x
Short	StandX CL-USD	89.330	0.0040	get 0.0005% / 1h	6m 24s	$689K	$2.7M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.068%Rate

Funding earned: $80.32
Price spread: +0.068% → −0.044%: $11.25
Slippage, 4 orders: −$25.1
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee StandX: 4 bp × 2 orders: −$8
Net: $48.47
Costs to cover: 0.431%
Break-even: 2.8 days

Slippage from Kraken Futures: live order book, 5 min ago; StandX: live order book, 1 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, 5 min ago	2.96 bp	9.5 bp −$9	19.6 bp −$196	doesn't fit	doesn't fit
Sell StandX live order book, 1 min ago	7.28 bp	11.3 bp −$11	11.8 bp −$118	doesn't fit	doesn't fit

CL on 36 exchanges

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
Kraken Futures PF_WTIOILUSDlong	−0.0342%	1h	89.269	long leg	$304K	$1.9M	25x
Aftermath Perps WTIUSD	−0.0139%	1h	89.444	+0.196%	$1K	$26K	5x	as long as short
GRVT CL_USDT_Perp	−0.0102%	4h	89.477	+0.233%	$67K	$645K	25x	as long as short
tradeXYZ xyz:CL	−0.0099%	1h	89.206	−0.071%	$174.0M	$248.2M	20x	as long as short
Bitget CLUSDT	−0.0088%	4h	89.246	−0.026%	$40.7M	$56.6M	100x	as long as short
Aster CLUSD1	−0.0070%	4h	89.270	+0.001%	$24.1M	$72.4M	20x	as long as short
edgeX CLUSDC	−0.0059%	4h	89.581	+0.349%	$499K	$374K	30x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	89.760	+0.550%	$416K	$1.5M	15x	as long as short
Ondo Perps WTI-USD.P	−0.0029%	1h	89.250	−0.021%	$3.3M	$6.4M	20x	as long as short
QFEX CL-USD	−0.0025%	1h	89.320	+0.057%	$2.2M	$2.8M	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CLUSDT	−0.0024%	4h	89.234	−0.039%	$241.0M	$1.20B	100x	as long as short
Nado WTI-PERP	−0.0023%	1h	89.368	+0.111%	$874K	$684K	10x	as long as short
Gate CL_USDT	−0.0009%	8h	89.170	−0.111%	$23.7M	$56.8M	100x	as long as short
Variational Omni CL	−0.0002%	4h	89.722	+0.508%	$12.5M	$11.2M	—	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.009	−0.291%	$606	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	89.322	+0.060%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	89.254	−0.017%	$28.8M	$110.0M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	89.250	−0.021%	$40.3M	$133.6M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	89.385	+0.129%	$2.8M	$3.1M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	89.710	+0.494%	$33K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	89.268	−0.001%	$18K	$235K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	89.250	−0.021%	$39K	$650K	15x	as long as short
Extended WTI-USD	+0.0008%	1h	89.350	+0.091%	$1.3M	$13.6M	10x	as long as short
Paradex CL-USD-PERP	+0.0027%	8h	89.331	+0.069%	$15K	$458	5x	as long as short
Lighter WTI	+0.0032%	1h	89.293	+0.027%	$10.5M	$11.0M	20x	as long as short
StandX CL-USDshort	+0.0040%	1h	89.330	+0.068%	$689K	$2.7M	40x
Vest CL-PERP	+0.0046%	1h	89.260	−0.010%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	89.224	−0.050%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	89.300	+0.035%	$2.0M	$83K	20x	as long as short
Pacifica CL	+0.0100%	1h	89.311	+0.047%	$306K	$747K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	89.244	−0.028%	$6.9M	$3.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	89.360	+0.102%	$52K	$268K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	89.225	−0.049%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0160% / S +0.0023%	1h	89.245	−0.027%	$71K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	90.137	+0.972%	$16K	$5K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	89.360	+0.102%	$3.9M	$1.0M	50x	as long as short