CL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0124%/8h= +13.5% APRnext payment +$0.62 per $10,000 · paid last 24h +0.057%

Price spread now: KuCoin against Binance+0.011%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.215%+$22 on $10k

Price spread, last 7 days+0.024%+$2 · spread now +0.011%, 7d avg −0.002%

Together, before fees+0.239%+$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CLUSDT	89.930	−0.0024	get 0.0012% / 4h	55m 28s	$243.9M	$1.20B	100x
Short	KuCoin CLUSDTM	89.940	0.0100	get 0.0050% / 4h	55m 28s	$6.8M	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now +0.011%Rate

Funding earned: $25.97
Price spread: +0.011% → −0.002%: $1.36
Slippage, 4 orders: −$7.82
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$2.49
Costs to cover: 0.298%
Break-even: 7.7 days

Slippage from Binance: live order book, 12 min ago; KuCoin: 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 Binance live order book, 12 min ago	0.56 bp	5.6 bp −$6	5.8 bp −$58	9.5 bp −$950	26.5 bp −$13.2K
Sell KuCoin live order book, 1 min ago	1.78 bp	9.6 bp −$10	doesn't fit	doesn't fit	doesn't fit

CL on 36 exchanges

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_WTIOILUSD	−0.0232%	1h	89.824	−0.118%	$306K	$1.9M	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0195%	1h	89.840	−0.100%	$39K	$645K	15x	as long as short
Aftermath Perps WTIUSD	−0.0146%	1h	89.592	−0.376%	$1K	$26K	5x	as long as short
tradeXYZ xyz:CL	−0.0124%	1h	89.900	−0.033%	$174.2M	$250.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0106%	4h	89.770	−0.178%	$67K	$645K	25x	as long as short
Bitget CLUSDT	−0.0092%	4h	89.911	−0.021%	$40.9M	$56.6M	100x	as long as short
Aster CLUSD1	−0.0070%	4h	89.968	+0.042%	$24.4M	$72.4M	20x	as long as short
Nado WTI-PERP	−0.0064%	1h	89.866	−0.071%	$887K	$704K	10x	as long as short
edgeX CLUSDC	−0.0062%	4h	89.742	−0.209%	$499K	$373K	30x	as long as short
Ondo Perps WTI-USD.P	−0.0031%	1h	89.900	−0.033%	$3.4M	$6.4M	20x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended WTI-USD	−0.0024%	1h	89.950	+0.022%	$1.3M	$13.3M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0024%	1h	89.760	−0.189%	$416K	$1.5M	15x	as long as short
Binance CLUSDTlong	−0.0024%	4h	89.930	long leg	$243.9M	$1.20B	100x
QFEX CL-USD	−0.0017%	1h	89.910	−0.022%	$2.2M	$2.9M	10x	as long as short
Gate CL_USDT	−0.0013%	8h	89.880	−0.056%	$24.0M	$54.5M	100x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.479	−0.502%	$609	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	89.948	+0.020%	$9K	$4K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	89.949	+0.021%	$29.0M	$109.8M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	89.910	−0.022%	$40.5M	$134.6M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	89.988	+0.064%	$2.8M	$3.1M	20x	as long as short
Variational Omni CL	0.0000%	4h	89.821	−0.121%	$12.6M	$11.3M	—	as long as short
Phoenix WTIOIL	0.0000%	1h	89.790	−0.156%	$33K	$38K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	89.804	−0.140%	$17K	$235K	10x	as long as short
Paradex CL-USD-PERP	+0.0024%	8h	89.897	−0.036%	$15K	$458	5x	as long as short
Lighter WTI	+0.0032%	1h	89.899	−0.034%	$10.6M	$10.9M	20x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	90.137	+0.230%	$16K	$5K	30x	as long as short
StandX CL-USD	+0.0040%	1h	89.810	−0.133%	$692K	$2.7M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	89.800	−0.145%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	89.781	−0.166%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	89.850	−0.089%	$2.0M	$85K	20x	as long as short
Pacifica CL	+0.0100%	1h	89.913	−0.019%	$308K	$744K	10x	as long as short
KuCoin CLUSDTMshort	+0.0100%	4h	89.940	+0.011%	$6.8M	$3.1M	50x
ApeX Omni CLUSDT	+0.0100%	1h	89.760	−0.189%	$52K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	89.824	−0.118%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0159% / S +0.0025%	1h	89.805	−0.139%	$71K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	89.760	−0.189%	$3.9M	$1.1M	50x	as long as short