CL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0602%/8h= +65.9% APRnext payment +$0.75 per $10,000 · paid last 24h −0.021%

Price spread now: Kraken Futures against Ondo Perps+0.069%7-day average +0.045% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.452%−$45 on $10k

Price spread, last 3 days (all we have)−0.118%−$12 · spread now +0.069%, 7d avg +0.045%

Together, before fees−0.570%+ Points / potential airdropOndo Perps: Active · farm board−$57 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Kraken Futures is 0.023% dearer against Ondo Perps than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.045%. Mind the row above: over the last 7 days funding on this pair cost −0.452%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps WTI-USD.P	91.980	−0.0152	get 0.0019% / 1h	5m 55s	$3.5M	$6.4M	20x
Short	Kraken Futures PF_WTIOILUSD	92.043	0.0450	get 0.0056% / 1h	5m 55s	$275K	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Ondo Perps. 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 Ondo PerpsbpFee Kraken FuturesbpOrdersPrice spread, now +0.069%Rate

Funding earned: $126.43
Price spread: +0.069% → +0.045%: $2.33
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $113.76
Costs to cover: 0.150%
Break-even: 0.7 days

Slippage unknown: Ondo Perps: no order-book sample; Kraken Futures: live order book, 3 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 3 min ago	2.34 bp	8.3 bp −$8	20.4 bp −$204	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0293%	1h	92.040	+0.065%	$96K	$189K	15x	as long as short
Lighter WTI	−0.0272%	1h	92.029	+0.053%	$11.1M	$11.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0214%	4h	91.989	+0.009%	$58K	$715K	25x	as long as short
Nado WTI-PERP	−0.0161%	1h	92.084	+0.113%	$923K	$747K	10x	as long as short
Aster CLUSD1	−0.0153%	4h	92.050	+0.076%	$24.0M	$77.9M	20x	as long as short
Ondo Perps WTI-USD.Plong	−0.0152%	1h	91.980	long leg	$3.5M	$6.4M	20x
tradeXYZ xyz:CL	−0.0131%	1h	92.048	+0.074%	$185.5M	$278.2M	20x	as long as short
Bullet WTIOIL-USD	−0.0100%	1h	92.028	+0.053%	$18K	$241K	10x	as long as short
Paradex CL-USD-PERP	−0.0098%	8h	91.988	+0.009%	$15K	$367	5x	as long as short
Aftermath Perps WTIUSD	−0.0087%	1h	92.041	+0.066%	$2K	$29K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CLUSDT	−0.0055%	4h	92.031	+0.055%	$244.7M	$1.11B	100x	as long as short
Variational Omni CL	−0.0018%	4h	92.003	+0.025%	$13.4M	$13.3M	—	as long as short
Gate CL_USDT	−0.0009%	8h	91.970	−0.011%	$21.3M	$59.6M	100x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.139%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.063	+0.090%	$25.5M	$95.6M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.030	+0.054%	$43.2M	$113.2M	50x	as long as short
QFEX CL-USD	0.0000%	1h	92.000	+0.022%	$2.4M	$2.6M	10x	as long as short
Bitget CLUSDT	0.0000%	4h	92.024	+0.048%	$42.1M	$52.1M	100x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.614	−0.398%	$4K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.060	+0.087%	$37K	$99K	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0011%	1h	92.034	+0.059%	$1.6M	$1.4M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.090	+0.120%	$2.0M	$28.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.000	+0.022%	$723K	$3.1M	40x	as long as short
edgeX CLUSDC	+0.0044%	4h	92.041	+0.066%	$529K	$334K	30x	as long as short
Vest CL-PERP	+0.0046%	1h	92.090	+0.120%	—	$308K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.025	+0.049%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.029	+0.054%	$332K	$578K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.059	+0.086%	$7.2M	$2.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	91.990	+0.011%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.008	+0.030%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	92.030	+0.054%	$399K	$1.1M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	101.16	+9.979%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	92.025	+0.049%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.990	+0.011%	$4.0M	$1.4M	50x	as long as short
Kraken Futures PF_WTIOILUSDshort	+0.0450%	1h	92.043	+0.069%	$275K	$1.2M	25x
RISEx CL/USDC	+0.0977%	1h	92.143	+0.178%	$3.3M	$2.7M	20x	as long as short