CL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0151%/8h= +16.6% APRnext payment +$0.76 per $10,000 · paid last 24h +0.029%

Price spread now: KuCoin against OKX+0.098%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

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

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.208%+$21 on $10k

Price spread, last 7 days−0.050%−$5 · spread now +0.098%, 7d avg +0.007%

Together, before fees+0.158%+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and KuCoin is 0.091% dearer against OKX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CL-USDT-SWAP	92.890	−0.0051	get 0.0026% / 4h	3h 40m	$42.6M	$103.1M	50x
Short	KuCoin CLUSDTM	92.981	0.0100	get 0.0050% / 4h	3h 40m	$7.1M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now +0.098%Rate

Funding earned: $31.75
Price spread: +0.098% → +0.007%: $9.12
Slippage, 4 orders: −$8.47
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $10.4
Costs to cover: 0.305%
Break-even: 4.7 days

Slippage from OKX: live order book, 3 min ago; KuCoin: live order book, 7 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 OKX live order book, 3 min ago	0.54 bp	5.5 bp −$6	6.1 bp −$61	14.4 bp −$1,441	doesn't fit
Sell KuCoin live order book, 7 min ago	1.67 bp	10.3 bp −$10	doesn't fit	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	−0.0503%	1h	92.900	+0.011%	$188K	$409K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0313%	1h	92.940	+0.054%	$270K	$930K	25x	as long as short
Aster CLUSD1	−0.0233%	4h	92.925	+0.038%	$24.8M	$61.0M	20x	as long as short
Gate CL_USDT	−0.0165%	8h	92.840	−0.054%	$23.4M	$49.2M	100x	as long as short
Binance CLUSDT	−0.0133%	4h	92.904	+0.015%	$246.2M	$930.4M	100x	as long as short
GRVT CL_USDT_Perp	−0.0124%	4h	93.007	+0.126%	$74K	$614K	25x	as long as short
Variational Omni CL	−0.0117%	4h	92.920	+0.032%	$13.5M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0102%	1h	92.912	+0.024%	$951K	$608K	10x	as long as short
Bitget CLUSDT	−0.0088%	4h	92.899	+0.010%	$42.0M	$41.7M	100x	as long as short
Aftermath Perps WTIUSD	−0.0069%	1h	92.982	+0.099%	$2K	$27K	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-SWAPlong	−0.0051%	4h	92.890	long leg	$42.6M	$103.1M	50x
QFEX CL-USD	−0.0026%	1h	92.900	+0.011%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CL	−0.0024%	1h	92.930	+0.043%	$184.3M	$196.5M	20x	as long as short
edgeX CLUSDC	−0.0020%	4h	92.998	+0.116%	$542K	$343K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	92.960	+0.076%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.906	+0.017%	$27.5M	$80.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.942	+0.056%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.934	+0.047%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.507	−0.412%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.930	+0.043%	$37K	$39K	20x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	92.873	−0.018%	$16K	$367	5x	as long as short
Ondo Perps WTI-USD.P	+0.0014%	1h	92.880	−0.011%	$3.6M	$5.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	93.160	+0.291%	$404K	$794K	15x	as long as short
Lighter WTI	+0.0032%	1h	92.895	+0.005%	$11.3M	$8.8M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.940	+0.054%	$1.7M	$14.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.020	+0.140%	$733K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.920	+0.032%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.920	+0.032%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.935	+0.048%	$2.1M	$64K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.912	+0.024%	$346K	$586K	10x	as long as short
KuCoin CLUSDTMshort	+0.0100%	4h	92.981	+0.098%	$7.1M	$2.4M	50x
ApeX Omni CLUSDT	+0.0100%	1h	92.960	+0.075%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.909	+0.021%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S 0.0000%	1h	92.935	+0.048%	$85K	—	111x	as long as short
BloFin CL-USDT	+0.0187%	4h	92.880	−0.011%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.952%	$19K	$5K	30x	as long as short