CL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0061%/8h= −6.7% APRnext payment −$0.08 per $10,000 · paid last 24h −0.014%

Price spread now: Kraken Futures against Bullet+0.025%7-day average +0.003% · 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−$30as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on Bullet Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.115%−$12 · spread now +0.025%, 7d avg +0.003%

Together, before fees−0.098%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.023% dearer against Bullet than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of +0.003%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet WTIOIL-USD	93.357	0	get 0.0000% / 1h	3m 04s	$19K	$241K	10x
Short	Kraken Futures PF_WTIOILUSD	93.380	−0.0061	pay 0.0008% / 1h	3m 04s	$282K	$961K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bullet. 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 BulletbpFee Kraken FuturesbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$12.77
Price spread: +0.025% → +0.003%: $2.25
Slippage, 4 orders: −$13.96
Fee Bullet: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$42.48
Costs to cover: 0.320%
Break-even: never at this rate

Slippage from Bullet: live order book, 51 min ago; Kraken Futures: live order book, 55 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 Bullet live order book, 51 min ago	0.54 bp	6.2 bp −$6	16.8 bp −$168	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 55 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	−0.0499%	1h	93.330	−0.029%	$198K	$371K	15x	as long as short
GRVT CL_USDT_Perp	−0.0332%	4h	93.330	−0.028%	$58K	$654K	25x	as long as short
Aster CLUSD1	−0.0286%	4h	93.359	+0.002%	$24.3M	$65.8M	20x	as long as short
Binance CLUSDT	−0.0190%	4h	93.338	−0.020%	$246.4M	$939.3M	100x	as long as short
Variational Omni CL	−0.0175%	4h	93.319	−0.041%	$13.3M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0147%	1h	93.359	+0.002%	$2K	$26K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0129%	1h	93.280	−0.082%	$3.5M	$5.4M	20x	as long as short
Bitget CLUSDT	−0.0128%	4h	93.322	−0.037%	$42.0M	$43.2M	100x	as long as short
Nado WTI-PERP	−0.0106%	1h	93.392	+0.038%	$966K	$625K	10x	as long as short
Gate CL_USDT	−0.0071%	8h	93.290	−0.072%	$21.4M	$51.6M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0065%	4h	93.330	−0.029%	$42.7M	$103.1M	50x	as long as short
tradeXYZ xyz:CL	−0.0062%	1h	93.337	−0.021%	$184.7M	$217.1M	20x	as long as short
Kraken Futures PF_WTIOILUSDshort	−0.0061%	1h	93.380	+0.025%	$282K	$961K	25x
edgeX CLUSDC	−0.0053%	4h	93.336	−0.023%	$525K	$306K	30x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.211%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.340	−0.018%	$2.3M	$2.0M	10x	as long as short
Paradex CL-USD-PERP	−0.0018%	8h	93.336	−0.023%	$16K	$367	5x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.370	+0.014%	$37K	$41K	20x	as long as short
Lighter WTI	0.0000%	1h	93.352	−0.005%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	−0.029%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.350	−0.007%	$26.9M	$80.0M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.408	+0.055%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USDlong	0.0000%	1h	93.357	long leg	$19K	$241K	10x
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.912	−0.476%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0016%	1h	93.380	+0.025%	$2.0M	$18.2M	10x	as long as short
KuCoin CLUSDTM	+0.0024%	4h	93.359	+0.002%	$7.1M	$2.4M	50x	as long as short
StandX CL-USD	+0.0040%	1h	93.270	−0.093%	$738K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.370	+0.014%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.356	−0.001%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.357	0.000%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.349	−0.008%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.320	−0.039%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.321	−0.038%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0175%	4h	93.350	−0.007%	$4.0M	$990K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.37	+9.656%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0225% / S −0.0153%	1h	93.355	−0.002%	$81K	—	111x	as long as short