CL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0289%/8h= −31.6% APRnext payment −$0.36 per $10,000 · paid last 24h −0.014%

Price spread now: Kraken Futures against QFEX+0.051%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$370.366% of the position

Long on QFEX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.035%+$3 on $10k

Price spread, last 4 days (all we have)−0.359%−$36 · spread now +0.051%, 7d avg +0.016%

Together, before fees−0.325%−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.035% dearer against QFEX than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of +0.016%): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 10 hours.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.035% in total (about 3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.36 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CL-USD	92.520	−0.0026	get 0.0003% / 1h	22m 09s	$2.3M	$2.5M	10x
Short	Kraken Futures PF_WTIOILUSD	92.567	−0.0314	pay 0.0039% / 1h	22m 09s	$269K	$948K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against QFEX. 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 QFEXbpFee Kraken FuturesbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$60.67
Price spread: +0.051% → +0.016%: $3.47
Slippage, 4 orders: −$16.58
Fee QFEX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$93.78
Costs to cover: 0.366%
Break-even: never at this rate

Slippage from QFEX: live order book, 10 min ago; Kraken Futures: live order book, 16 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 QFEX live order book, 10 min ago	1.62 bp	6.6 bp −$7	6.6 bp −$66	7.5 bp −$750	17.0 bp −$8,501
Sell Kraken Futures live order book, 16 min ago	3.55 bp	9.3 bp −$9	23.0 bp −$230	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	−0.0614%	1h	92.550	+0.032%	$187K	$412K	15x	as long as short
Kraken Futures PF_WTIOILUSDshort	−0.0314%	1h	92.567	+0.051%	$269K	$948K	25x
Aster CLUSD1	−0.0219%	4h	92.591	+0.077%	$25.0M	$60.0M	20x	as long as short
Gate CL_USDT	−0.0124%	8h	92.480	−0.043%	$23.6M	$50.3M	100x	as long as short
Binance CLUSDT	−0.0123%	4h	92.552	+0.035%	$245.8M	$931.8M	100x	as long as short
Variational Omni CL	−0.0108%	4h	92.657	+0.148%	$13.5M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0100%	1h	92.606	+0.093%	$947K	$596K	10x	as long as short
GRVT CL_USDT_Perp	−0.0082%	4h	92.574	+0.059%	$74K	$611K	25x	as long as short
Bitget CLUSDT	−0.0076%	4h	92.559	+0.042%	$42.0M	$41.8M	100x	as long as short
Aftermath Perps WTIUSD	−0.0070%	1h	92.735	+0.232%	$1K	$27K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0054%	4h	92.608	+0.095%	$540K	$342K	30x	as long as short
OKX CL-USDT-SWAP	−0.0045%	4h	92.530	+0.011%	$42.5M	$102.6M	50x	as long as short
QFEX CL-USDlong	−0.0026%	1h	92.520	long leg	$2.3M	$2.5M	10x
tradeXYZ xyz:CL	−0.0011%	1h	92.537	+0.018%	$183.8M	$190.8M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.579	+0.063%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.562	+0.045%	$27.5M	$82.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.555	+0.038%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.565	+0.048%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.158	−0.391%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.660	+0.151%	$37K	$39K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	92.590	+0.076%	$427K	$869K	15x	as long as short
Paradex CL-USD-PERP	+0.0017%	8h	92.494	−0.028%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.554	+0.037%	$11.3M	$8.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.610	+0.097%	$1.7M	$14.0M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0034%	1h	92.490	−0.032%	$3.6M	$5.2M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.620	+0.108%	$729K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.570	+0.054%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.570	+0.054%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.569	+0.053%	$2.1M	$69K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.546	+0.029%	$344K	$584K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.586	+0.071%	$7.0M	$2.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.730	+0.227%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.543	+0.025%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S −0.0007%	1h	92.665	+0.157%	$80K	—	111x	as long as short
BloFin CL-USDT	+0.0196%	4h	92.620	+0.108%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+10.391%	$19K	$5K	30x	as long as short