CL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0499%/8h= −54.7% APRnext payment −$0.62 per $10,000 · paid last 24h −0.034%

Price spread now: Kraken Futures against Polymarket Perps+0.050%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$360.362% of the position

Long on Polymarket Perps Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.525%−$52 on $10k

Price spread, last 3 days (all we have)−0.146%−$15 · spread now +0.050%, 7d avg −0.027%

Together, before fees−0.671%−$67 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.077% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of −0.027%): +$8 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps WTIOIL-USD	92.193	0.0050	pay 0.0006% / 1h	22m 16s	$1.6M	$1.4M	20x
Short	Kraken Futures PF_WTIOILUSD	92.239	−0.0449	pay 0.0056% / 1h	22m 16s	$273K	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Polymarket 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 Polymarket PerpsbpFee Kraken FuturesbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$104.88
Price spread: +0.050% → −0.027%: $7.66
Slippage, 4 orders: −$18.2
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$133.42
Costs to cover: 0.362%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 1 min ago; Kraken Futures: live order book, 1 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 Polymarket Perps live order book, 1 min ago	2.55 bp	7.0 bp −$7	7.7 bp −$77	11.4 bp −$1,136	doesn't fit
Sell Kraken Futures live order book, 1 min ago	3.04 bp	8.5 bp −$9	20.6 bp −$206	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
Kraken Futures PF_WTIOILUSDshort	−0.0449%	1h	92.239	+0.050%	$273K	$1.2M	25x
GRVT CL_USDT_Perp	−0.0316%	4h	92.230	+0.040%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0269%	4h	92.210	+0.018%	$24.0M	$77.4M	20x	as long as short
Binance CLUSDT	−0.0184%	4h	92.200	+0.008%	$244.7M	$1.09B	100x	as long as short
Variational Omni CL	−0.0162%	4h	92.224	+0.034%	$13.4M	$12.5M	—	as long as short
Nado WTI-PERP	−0.0141%	1h	92.235	+0.045%	$925K	$737K	10x	as long as short
Lighter WTI	−0.0080%	1h	92.176	−0.018%	$11.2M	$10.9M	20x	as long as short
Paradex CL-USD-PERP	−0.0066%	8h	92.169	−0.026%	$15K	$367	5x	as long as short
QFEX CL-USD	−0.0054%	1h	92.210	+0.018%	$2.4M	$2.3M	10x	as long as short
tradeXYZ xyz:CL	−0.0053%	1h	92.194	+0.001%	$186.4M	$275.0M	20x	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	−0.0052%	1h	92.190	−0.003%	$3.5M	$6.3M	20x	as long as short
Gate CL_USDT	−0.0031%	8h	92.120	−0.079%	$21.3M	$58.0M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.191	−0.002%	$333K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.274	+0.088%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.196	+0.003%	$25.9M	$94.2M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.190	−0.003%	$43.0M	$112.9M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.307	+0.124%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.186	−0.008%	$42.0M	$51.7M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.300	+0.116%	$37K	$101K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.196	+0.003%	$19K	$241K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	92.220	+0.029%	$96K	$189K	15x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.177%	$399K	$963K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.747	−0.484%	$5K	—	150x	as long as short
edgeX CLUSDC	+0.0016%	4h	92.258	+0.071%	$530K	$325K	30x	as long as short
Extended WTI-USD	+0.0032%	1h	92.225	+0.035%	$2.0M	$26.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.210	+0.018%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.230	+0.040%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USDlong	+0.0050%	1h	92.193	long leg	$1.6M	$1.4M	20x
SoDEX CL-USD	+0.0050%	1h	92.186	−0.008%	$2.0M	$39K	20x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.204	+0.012%	$7.1M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.320	+0.138%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.175	−0.020%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.195	+0.002%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.18	+9.749%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.210	+0.018%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0299%	1h	92.207	+0.016%	$2K	$29K	5x	as long as short