CL

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0258%/8h= +28.3% APRnext payment +$0.32 per $10,000 · paid last 24h +0.017%

Price spread now: tradeXYZ against Kraken Futures−0.052%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$430.425% of the position

Long on Kraken Futures Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.292%+$29 on $10k

Price spread, last 4 days (all we have)+0.165%+$16 · spread now −0.052%, 7d avg −0.005%

Together, before fees+0.457%+ Points / potential airdroptradeXYZ: Active · farm board+$46 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.047% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of −0.005%). If the spread goes back, that is −$5 on $10k: about 15 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WTIOILUSD	89.739	−0.0341	get 0.0043% / 1h	44m 13s	$320K	$1.8M	25x
Short	tradeXYZ xyz:CL	89.692	−0.0082	pay 0.0010% / 1h	44m 13s	$167.0M	$246.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.052%Rate

Funding earned: $54.28
Price spread: −0.052% → −0.005%: −$4.74
Slippage, 4 orders: −$14.51
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $7.02
Costs to cover: 0.425%
Break-even: 6.1 days

Slippage from Kraken Futures: live order book, 2 min ago; tradeXYZ: live order book, 9 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, 2 min ago	3.02 bp	11.4 bp −$11	23.6 bp −$236	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	0.22 bp	9.2 bp −$9	10.1 bp −$101	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	−0.0341%	1h	89.739	long leg	$320K	$1.8M	25x
Deribit WTIOIL_USDC-PERPETUAL	−0.0196%	1h	89.690	−0.055%	$39K	$654K	15x	as long as short
Aster CLUSD1	−0.0125%	4h	89.766	+0.030%	$24.4M	$72.3M	20x	as long as short
Bitget CLUSDT	−0.0106%	4h	89.696	−0.048%	$40.9M	$56.8M	100x	as long as short
GRVT CL_USDT_Perp	−0.0106%	4h	89.325	−0.461%	$66K	$632K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0086%	1h	89.690	−0.055%	$3.4M	$6.3M	20x	as long as short
tradeXYZ xyz:CLshort	−0.0082%	1h	89.692	−0.052%	$167.0M	$246.9M	20x
Binance CLUSDT	−0.0079%	4h	89.710	−0.032%	$241.5M	$1.21B	100x	as long as short
Aftermath Perps WTIUSD	−0.0071%	1h	89.544	−0.218%	$1K	$26K	5x	as long as short
Variational Omni CL	−0.0056%	4h	89.472	−0.297%	$12.5M	$11.4M	—	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0052%	8h	89.660	−0.088%	$23.2M	$54.1M	100x	as long as short
Extended WTI-USD	−0.0040%	1h	89.740	+0.001%	$1.3M	$14.3M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	89.700	−0.044%	$410K	$1.5M	15x	as long as short
Nado WTI-PERP	−0.0029%	1h	89.821	+0.091%	$876K	$688K	10x	as long as short
QFEX CL-USD	−0.0025%	1h	89.770	+0.034%	$2.2M	$2.6M	10x	as long as short
OKX CL-USDT-SWAP	−0.0025%	4h	89.710	−0.032%	$40.0M	$133.1M	50x	as long as short
edgeX CLUSDC	−0.0023%	4h	89.388	−0.392%	$494K	$385K	30x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.246	−0.549%	$607	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	89.715	−0.027%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	89.740	+0.001%	$27.2M	$109.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	89.826	+0.097%	$2.8M	$3.1M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	89.470	−0.300%	$32K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	89.734	−0.006%	$17K	$237K	10x	as long as short
Paradex CL-USD-PERP	+0.0016%	8h	89.731	−0.009%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	89.689	−0.056%	$10.6M	$10.5M	20x	as long as short
StandX CL-USD	+0.0040%	1h	89.700	−0.044%	$692K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	89.700	−0.044%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	89.733	−0.007%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	89.700	−0.044%	$2.0M	$84K	20x	as long as short
Pacifica CL	+0.0100%	1h	89.725	−0.016%	$300K	$737K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	89.714	−0.028%	$6.9M	$3.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	89.370	−0.411%	$52K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	89.681	−0.064%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0165% / S −0.0004%	1h	89.605	−0.149%	$77K	—	111x	as long as short
BloFin CL-USDT	+0.0216%	4h	89.580	−0.177%	$3.9M	$1.1M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	90.137	+0.443%	$16K	$5K	30x	as long as short