CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0131%/8h= −14.4% APRnext payment −$0.66 per $10,000 · paid last 24h −0.026%

Price spread now: OKX against KuCoin−0.027%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

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

costs, in and out, $10k−$300.305% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.205%−$21 on $10k

Price spread, last 7 days−0.008%−$1 · spread now −0.027%, 7d avg −0.008%

Together, before fees−0.213%−$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CLUSDTM	93.405	0.0094	pay 0.0047% / 4h	2h 06m	$7.1M	$2.4M	50x
Short	OKX CL-USDT-SWAP	93.380	−0.0037	pay 0.0019% / 4h	2h 06m	$42.6M	$102.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$27.55
Price spread: −0.027% → −0.008%: −$1.85
Slippage, 4 orders: −$8.49
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$59.89
Costs to cover: 0.305%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; OKX: 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 KuCoin live order book, 1 min ago	1.12 bp	8.3 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.54 bp	6.6 bp −$7	7.1 bp −$71	14.6 bp −$1,462	131.9 bp −$65.9K

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
Deribit WTIOIL_USDC-PERPETUAL	−0.0392%	1h	93.360	−0.048%	$196K	$377K	15x	as long as short
GRVT CL_USDT_Perp	−0.0280%	4h	93.511	+0.113%	$58K	$629K	25x	as long as short
Aster CLUSD1	−0.0277%	4h	93.404	−0.001%	$24.4M	$64.5M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.393	−0.013%	$285K	$959K	25x	as long as short
Binance CLUSDT	−0.0171%	4h	93.383	−0.023%	$246.2M	$930.7M	100x	as long as short
Variational Omni CL	−0.0165%	4h	93.509	+0.111%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0154%	1h	93.446	+0.044%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0120%	4h	93.366	−0.042%	$42.1M	$42.7M	100x	as long as short
Nado WTI-PERP	−0.0107%	1h	93.393	−0.013%	$970K	$632K	10x	as long as short
Gate CL_USDT	−0.0082%	8h	93.290	−0.123%	$22.0M	$50.3M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps WTI-USD.P	−0.0077%	1h	93.320	−0.091%	$3.5M	$5.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0075%	1h	93.345	−0.064%	$184.7M	$212.3M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.500	+0.102%	$404K	$931K	15x	as long as short
OKX CL-USDT-SWAPshort	−0.0037%	4h	93.380	−0.027%	$42.6M	$102.2M	50x
QFEX CL-USD	−0.0032%	1h	93.360	−0.048%	$2.3M	$2.5M	10x	as long as short
edgeX CLUSDC	−0.0020%	4h	93.498	+0.100%	$526K	$305K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.405	0.000%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.395	−0.011%	$27.0M	$79.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.421	+0.017%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.540	+0.145%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.382	−0.025%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.933	−0.505%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0020%	8h	93.339	−0.071%	$16K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	93.355	−0.054%	$11.2M	$9.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.390	−0.016%	$2.0M	$16.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.420	+0.016%	$740K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.370	−0.037%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.357	−0.052%	$332K	$577K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.368	−0.040%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.390	−0.016%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTMlong	+0.0094%	4h	93.405	long leg	$7.1M	$2.4M	50x
ApeX Omni CLUSDT	+0.0100%	1h	93.580	+0.187%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.360	−0.048%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0203%	4h	93.370	−0.037%	$4.0M	$988K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.64	+9.892%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0240% / S −0.0173%	1h	93.385	−0.021%	$84K	—	111x	as long as short