CL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0062%/8h= +6.8% APRnext payment +$0.08 per $10,000 · paid last 24h −0.009%

Price spread now: Kraken Futures against Deribit+0.020%7-day average −0.006% · 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−$320.324% of the position

Long on Deribit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.009%+$1 on $10k

Price spread, last 3 days (all we have)−0.002%$0 · spread now +0.020%, 7d avg −0.006%

Together, before fees+0.007%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kraken Futures is 0.026% dearer against Deribit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WTIOIL_USDC-PERPETUAL	92.680	−0.0181	get 0.0023% / 1h	22m 08s	$123K	$275K	15x
Short	Kraken Futures PF_WTIOILUSD	92.699	−0.0120	pay 0.0015% / 1h	22m 08s	$275K	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. 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 DeribitbpFee Kraken FuturesbpOrdersPrice spread, now +0.020%Rate

Funding earned: $12.99
Price spread: +0.020% → −0.006%: $2.59
Slippage, 4 orders: −$15.41
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$16.83
Costs to cover: 0.324%
Break-even: 16.1 days

Slippage from Deribit: live order book, 51 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 Deribit live order book, 51 min ago	0.54 bp	4.0 bp −$4	5.7 bp −$57	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	4.10 bp	10.4 bp −$10	24.0 bp −$240	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
GRVT CL_USDT_Perp	−0.0346%	4h	92.524	−0.168%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0333%	4h	92.701	+0.023%	$24.1M	$78.2M	20x	as long as short
Binance CLUSDT	−0.0273%	4h	92.660	−0.022%	$245.4M	$1.06B	100x	as long as short
Variational Omni CL	−0.0265%	4h	92.480	−0.216%	$13.1M	$12.2M	—	as long as short
Gate CL_USDT	−0.0214%	8h	92.610	−0.076%	$21.3M	$55.2M	100x	as long as short
Deribit WTIOIL_USDC-PERPETUALlong	−0.0181%	1h	92.680	long leg	$123K	$275K	15x
Kraken Futures PF_WTIOILUSDshort	−0.0120%	1h	92.699	+0.020%	$275K	$1.1M	25x
Nado WTI-PERP	−0.0063%	1h	92.708	+0.030%	$934K	$731K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0047%	1h	92.590	−0.097%	$3.5M	$6.1M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.701%	$399K	$959K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.640	−0.043%	$2.4M	$2.1M	10x	as long as short
tradeXYZ xyz:CL	−0.0026%	1h	92.654	−0.028%	$186.5M	$236.4M	20x	as long as short
Paradex CL-USD-PERP	−0.0003%	8h	92.608	−0.078%	$15K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	92.657	−0.025%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.670	−0.011%	$26.5M	$92.1M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.650	−0.032%	$43.0M	$111.4M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.771	+0.098%	$3.3M	$2.8M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.667	−0.014%	$42.2M	$50.7M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.600	−0.086%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.679	−0.001%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.241	−0.474%	$5K	—	150x	as long as short
Lighter WTI	+0.0024%	1h	92.661	−0.021%	$11.2M	$10.2M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.710	+0.032%	$2.3M	$26.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.370	−0.334%	$722K	$3.1M	40x	as long as short
edgeX CLUSDC	+0.0041%	4h	92.545	−0.146%	$532K	$299K	30x	as long as short
Vest CL-PERP	+0.0046%	1h	92.680	0.000%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.690	+0.011%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.670	−0.011%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.621	−0.064%	$356K	$603K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.687	+0.008%	$7.2M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.560	−0.129%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.635	−0.049%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.675	−0.005%	$78K	—	111x	as long as short
Aftermath Perps WTIUSD	+0.0212%	1h	92.563	−0.126%	$2K	$28K	5x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.56	+9.577%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.510	−0.183%	$4.0M	$1.4M	50x	as long as short