CL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0057%/8h= −6.2% APRnext payment −$0.07 per $10,000 · paid last 24h −0.003%

Price spread now: Kraken Futures against tradeXYZ−0.024%50s7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.375% of the position

Long on tradeXYZ Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.314%−$31 on $10k

Price spread, last 4 days (all we have)−0.088%−$9 · spread now −0.024%, 7d avg +0.001%

Together, before fees−0.402%+ Points / potential airdroptradeXYZ: Active · farm board−$40 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Kraken Futures is 0.025% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.001%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CL	93.328	−0.0004	get 0.0001% / 1h	40m 28s	$184.8M	$219.1M	20x
Short	Kraken Futures PF_WTIOILUSD	93.305	−0.0061	pay 0.0008% / 1h	40m 28s	$277K	$960K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against tradeXYZ. 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 tradeXYZbpFee Kraken FuturesbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$11.88
Price spread: −0.024% → +0.001%: −$2.51
Slippage, 4 orders: −$9.45
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$51.84
Costs to cover: 0.375%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 10 min ago; Kraken Futures: live order book, 18 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 tradeXYZ live order book, 10 min ago	0.11 bp	9.2 bp −$9	9.2 bp −$92	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 18 min ago	2.42 bp	7.7 bp −$8	21.9 bp −$219	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	−0.0607%	1h	93.260	−0.073%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0261%	4h	93.330	+0.002%	$24.1M	$66.1M	20x	as long as short
GRVT CL_USDT_Perp	−0.0226%	4h	93.196	−0.142%	$54K	$645K	25x	as long as short
Binance CLUSDT	−0.0173%	4h	93.311	−0.018%	$245.6M	$940.5M	100x	as long as short
Variational Omni CL	−0.0159%	4h	93.269	−0.064%	$13.4M	$10.9M	—	as long as short
Nado WTI-PERP	−0.0130%	1h	93.364	+0.039%	$965K	$636K	10x	as long as short
Bitget CLUSDT	−0.0122%	4h	93.309	−0.020%	$42.0M	$43.3M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0116%	1h	93.230	−0.105%	$3.5M	$5.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0112%	1h	93.222	−0.114%	$2K	$27K	5x	as long as short
Kraken Futures PF_WTIOILUSDshort	−0.0061%	1h	93.305	−0.024%	$277K	$960K	25x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0052%	8h	93.250	−0.084%	$21.1M	$51.0M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.190	−0.148%	$401K	$927K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.290	−0.041%	$2.3M	$1.8M	10x	as long as short
OKX CL-USDT-SWAP	−0.0031%	4h	93.310	−0.019%	$42.7M	$103.0M	50x	as long as short
edgeX CLUSDC	−0.0017%	4h	93.238	−0.096%	$524K	$305K	30x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.300	−0.030%	$37K	$41K	20x	as long as short
KuCoin CLUSDTM	−0.0008%	4h	93.337	+0.010%	$7.1M	$2.4M	50x	as long as short
tradeXYZ xyz:CLlong	−0.0004%	1h	93.328	long leg	$184.8M	$219.1M	20x
dYdX WTI-USD	0.0000%	1h	93.272	−0.060%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.333	+0.005%	$27.0M	$80.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.370	+0.045%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.314	−0.015%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.848	−0.514%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0018%	8h	93.292	−0.038%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.306	−0.024%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.350	+0.024%	$2.0M	$19.3M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.210	−0.126%	$737K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.310	−0.019%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.320	−0.009%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.305	−0.025%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.315	−0.014%	$331K	$597K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.290	−0.041%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.248	−0.086%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0207%	4h	93.270	−0.062%	$4.0M	$1.0M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0220% / S −0.0148%	1h	93.285	−0.046%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.17	+9.470%	$19K	$11K	30x	as long as short