Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0309%/8h= −33.9% APRpaid last 24h −0.044%

Price spread now: Kraken Futures against KuCoin+0.055%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.441%−$44 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.055%, 7d avg 0.000%

Together, before fees−0.524%−$52 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.055% dearer against KuCoin than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of 0.000%): +$5 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CLUSDTM	93.145	0.0100	pay 0.0050% / 4h	4m 42s	$7.1M	$2.4M	50x
Short	Kraken Futures PF_WTIOILUSD	93.196	−0.0209	pay 0.0026% / 1h	4m 42s	$274K	$925K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$64.99
Price spread: +0.055% → 0.000%: $5.46
Slippage, 4 orders: −$15.66
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$97.19
Costs to cover: 0.377%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Kraken Futures: live order book, 39 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, 3 min ago	1.61 bp	9.2 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 39 min ago	2.04 bp	9.4 bp −$9	17.6 bp −$176	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	−0.0501%	1h	93.170	+0.027%	$194K	$398K	15x	as long as short
Aster CLUSD1	−0.0253%	4h	93.158	+0.013%	$24.8M	$62.1M	20x	as long as short
GRVT CL_USDT_Perp	−0.0218%	4h	93.231	+0.092%	$75K	$634K	25x	as long as short
Kraken Futures PF_WTIOILUSDshort	−0.0209%	1h	93.196	+0.055%	$274K	$925K	25x
Binance CLUSDT	−0.0140%	4h	93.120	−0.027%	$246.5M	$922.7M	100x	as long as short
Gate CL_USDT	−0.0138%	8h	93.110	−0.038%	$23.2M	$50.8M	100x	as long as short
Variational Omni CL	−0.0130%	4h	93.192	+0.051%	$13.6M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0109%	1h	93.222	+0.083%	$954K	$613K	10x	as long as short
Bitget CLUSDT	−0.0102%	4h	93.173	+0.030%	$42.2M	$41.4M	100x	as long as short
Aftermath Perps WTIUSD	−0.0084%	1h	93.157	+0.013%	$1K	$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	−0.0069%	4h	93.120	−0.027%	$42.6M	$103.1M	50x	as long as short
edgeX CLUSDC	−0.0042%	4h	93.256	+0.120%	$525K	$324K	30x	as long as short
QFEX CL-USD	−0.0038%	1h	93.150	+0.005%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CL	−0.0017%	1h	93.136	−0.010%	$184.3M	$196.4M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.424%	$405K	$810K	15x	as long as short
Lighter WTI	−0.0008%	1h	93.109	−0.039%	$11.2M	$9.2M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0006%	1h	93.140	−0.005%	$3.6M	$5.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.210	+0.070%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.130	−0.016%	$27.0M	$79.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.201	+0.060%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.240	+0.102%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.204	+0.063%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.755	−0.419%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0011%	8h	93.108	−0.039%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.230	+0.091%	$1.7M	$15.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.260	+0.123%	$739K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.190	+0.048%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.168	+0.025%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.198	+0.057%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.130	−0.017%	$347K	$589K	10x	as long as short
KuCoin CLUSDTMlong	+0.0100%	4h	93.145	long leg	$7.1M	$2.4M	50x
ApeX Omni CLUSDT	+0.0100%	1h	93.290	+0.156%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.174	+0.031%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0168%	4h	93.180	+0.038%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.651%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0261% / S −0.0208%	1h	93.185	+0.043%	$84K	—	111x	as long as short