CL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0336%/8h= −36.8% APRnext payment −$1.68 per $10,000 · paid last 24h −0.037%

Price spread now: Binance against KuCoin−0.022%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.156%−$16 on $10k

Price spread, last 2 days (all we have)+0.061%+$6 · spread now −0.022%, 7d avg −0.006%

Together, before fees−0.096%−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.156% in total (about -8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.68 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CLUSDTM	92.170	0.0100	pay 0.0050% / 4h	3h 53m	$7.3M	$2.2M	50x
Short	Binance CLUSDT	92.150	−0.0236	pay 0.0118% / 4h	3h 53m	$244.2M	$1.09B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now −0.022%Rate

Funding earned: −$70.6
Price spread: −0.022% → −0.006%: −$1.55
Slippage, 4 orders: −$7.76
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$101.91
Costs to cover: 0.298%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Binance: live order book, 5 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 KuCoin live order book, 4 min ago	1.19 bp	8.5 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	0.54 bp	5.5 bp −$6	6.2 bp −$62	9.8 bp −$982	25.8 bp −$12.9K

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
GRVT CL_USDT_Perp	−0.0566%	4h	92.074	−0.104%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0309%	4h	92.170	0.000%	$23.8M	$78.8M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0292%	1h	92.150	−0.022%	$96K	$189K	15x	as long as short
Binance CLUSDTshort	−0.0236%	4h	92.150	−0.022%	$244.2M	$1.09B	100x
Variational Omni CL	−0.0223%	4h	92.093	−0.084%	$13.2M	$12.7M	—	as long as short
Gate CL_USDT	−0.0194%	8h	92.080	−0.098%	$21.3M	$54.2M	100x	as long as short
Bybit CLUSDT	−0.0158%	8h	92.150	−0.022%	$25.9M	$93.8M	150x	as long as short
Nado WTI-PERP	−0.0134%	1h	92.223	+0.057%	$923K	$732K	10x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.175	+0.005%	$273K	$1.2M	25x	as long as short
Ondo Perps WTI-USD.P	−0.0062%	1h	92.100	−0.076%	$3.5M	$6.2M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0053%	1h	92.163	−0.008%	$185.7M	$261.3M	20x	as long as short
Lighter WTI	−0.0040%	1h	92.151	−0.021%	$11.2M	$9.9M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.152%	$399K	$961K	15x	as long as short
QFEX CL-USD	−0.0040%	1h	92.150	−0.022%	$2.4M	$2.3M	10x	as long as short
Paradex CL-USD-PERP	−0.0031%	8h	92.142	−0.031%	$15K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	92.160	−0.011%	$8K	$3K	5x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.130	−0.043%	$42.9M	$111.4M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.289	+0.129%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.141	−0.031%	$41.9M	$51.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.280	+0.119%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.156	−0.015%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.728	−0.480%	$5K	—	150x	as long as short
ApeX Omni CLUSDT	+0.0006%	1h	92.130	−0.043%	$56K	$265K	50x	as long as short
Extended WTI-USD	+0.0032%	1h	92.210	+0.043%	$2.0M	$26.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.160	−0.011%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.210	+0.043%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.171	+0.001%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.140	−0.033%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0055%	4h	92.179	+0.010%	$530K	$305K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.178	+0.009%	$353K	$596K	10x	as long as short
KuCoin CLUSDTMlong	+0.0100%	4h	92.170	long leg	$7.3M	$2.2M	50x
Aevo WTIOIL-PERP	+0.0104%	1h	92.176	+0.007%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0131%	1h	92.135	−0.038%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.38	+9.995%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.170	0.000%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0471%	1h	92.134	−0.039%	$2K	$29K	5x	as long as short