CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0172%/8h= +18.8% APRnext payment +$0.22 per $10,000 · paid last 24h +0.013%

Price spread now: QFEX against Kraken Futures−0.049%7-day average −0.016% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on Kraken Futures Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.037%−$4 on $10k

Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.049%, 7d avg −0.016%

Together, before fees+0.036%+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.032% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of −0.016%). If the spread goes back, that is −$3 on $10k: about 15 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WTIOILUSD	93.135	−0.0210	get 0.0026% / 1h	33m 08s	$275K	$939K	25x
Short	QFEX CL-USD	93.090	−0.0038	pay 0.0005% / 1h	33m 08s	$2.3M	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Kraken Futures. 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 Kraken FuturesbpFee QFEXbpOrdersPrice spread, now −0.049%Rate

Funding earned: $36.14
Price spread: −0.049% → −0.016%: −$3.24
Slippage, 4 orders: −$14.3
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$1.4
Costs to cover: 0.343%
Break-even: 7.3 days

Slippage from Kraken Futures: live order book, 10 min ago; QFEX: live order book, 4 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 Kraken Futures live order book, 10 min ago	2.04 bp	10.0 bp −$10	24.9 bp −$249	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.61 bp	6.6 bp −$7	6.6 bp −$66	8.3 bp −$833	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	−0.0501%	1h	93.110	−0.027%	$194K	$395K	15x	as long as short
Aster CLUSD1	−0.0288%	4h	93.181	+0.049%	$24.7M	$64.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0262%	4h	93.080	−0.060%	$77K	$622K	25x	as long as short
Kraken Futures PF_WTIOILUSDlong	−0.0210%	1h	93.135	long leg	$275K	$939K	25x
Binance CLUSDT	−0.0161%	4h	93.160	+0.027%	$247.4M	$922.7M	100x	as long as short
Variational Omni CL	−0.0143%	4h	93.137	+0.002%	$13.4M	$10.6M	—	as long as short
Gate CL_USDT	−0.0128%	8h	93.090	−0.049%	$22.9M	$49.2M	100x	as long as short
Bitget CLUSDT	−0.0124%	4h	93.151	+0.017%	$42.3M	$41.8M	100x	as long as short
Aftermath Perps WTIUSD	−0.0111%	1h	93.161	+0.027%	$2K	$26K	5x	as long as short
Nado WTI-PERP	−0.0098%	1h	93.156	+0.022%	$955K	$623K	10x	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	−0.0075%	4h	93.130	−0.006%	$42.7M	$103.0M	50x	as long as short
edgeX CLUSDC	−0.0057%	4h	93.176	+0.044%	$524K	$305K	30x	as long as short
QFEX CL-USDshort	−0.0038%	1h	93.090	−0.049%	$2.3M	$2.5M	10x
tradeXYZ xyz:CL	−0.0037%	1h	93.142	+0.007%	$184.2M	$199.7M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0022%	1h	93.010	−0.135%	$3.6M	$5.3M	20x	as long as short
Lighter WTI	−0.0016%	1h	93.152	+0.018%	$11.2M	$9.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.435%	$405K	$810K	15x	as long as short
Paradex CL-USD-PERP	−0.0005%	8h	93.062	−0.078%	$16K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	93.085	−0.054%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.160	+0.027%	$26.7M	$79.1M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.136	+0.001%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.170	+0.037%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.136	+0.001%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.692	−0.476%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	93.170	+0.037%	$1.7M	$15.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.150	+0.016%	$738K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.120	−0.016%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.111	−0.026%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.144	+0.009%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.090	−0.049%	$347K	$593K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.173	+0.040%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.020	−0.124%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.101	−0.037%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0166%	4h	93.090	−0.049%	$4.1M	$983K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.45	+10.001%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0244% / S −0.0169%	1h	93.125	−0.011%	$78K	—	111x	as long as short