CL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0271%/8h= +29.7% APRnext payment +$0.34 per $10,000 · paid last 24h +0.039%

Price spread now: StandX against Kraken Futures+0.011%7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs+$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$380.383% of the position

Long on Kraken Futures Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.394%+$39 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now +0.011%, 7d avg −0.048%

Together, before fees+0.441%+ Points / potential airdropStandX: Active · farm board+$44 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and StandX is 0.059% dearer against Kraken Futures than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WTIOILUSD	90.040	−0.0231	get 0.0029% / 1h	7m 36s	$310K	$2.2M	25x
Short	StandX CL-USD	90.050	0.0040	get 0.0005% / 1h	7m 36s	$694K	$2.7M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.011%Rate

Funding earned: $56.98
Price spread: +0.011% → −0.048%: $5.87
Slippage, 4 orders: −$20.34
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee StandX: 4 bp × 2 orders: −$8
Net: $24.5
Costs to cover: 0.383%
Break-even: 4.0 days

Slippage from Kraken Futures: live order book, 4 min ago; StandX: 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, 4 min ago	2.50 bp	9.8 bp −$10	23.4 bp −$234	doesn't fit	doesn't fit
Sell StandX live order book, 4 min ago	4.45 bp	8.4 bp −$8	9.7 bp −$97	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_WTIOILUSDlong	−0.0231%	1h	90.040	long leg	$310K	$2.2M	25x
GRVT CL_USDT_Perp	−0.0140%	4h	89.974	−0.073%	$67K	$662K	25x	as long as short
Aftermath Perps WTIUSD	−0.0108%	1h	90.014	−0.029%	$1K	$26K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0102%	1h	89.890	−0.167%	$3.4M	$6.9M	20x	as long as short
Bitget CLUSDT	−0.0094%	4h	89.929	−0.124%	$40.8M	$60.9M	100x	as long as short
tradeXYZ xyz:CL	−0.0084%	1h	89.923	−0.130%	$169.7M	$258.4M	20x	as long as short
Extended WTI-USD	−0.0072%	1h	89.960	−0.089%	$1.2M	$14.3M	10x	as long as short
Aster CLUSD1	−0.0070%	4h	89.998	−0.047%	$24.4M	$75.0M	20x	as long as short
Nado WTI-PERP	−0.0057%	1h	90.093	+0.059%	$889K	$709K	10x	as long as short
Gate CL_USDT	−0.0055%	8h	89.890	−0.167%	$24.1M	$58.6M	100x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CLUSDT	−0.0037%	4h	89.950	−0.100%	$246.2M	$1.26B	100x	as long as short
edgeX CLUSDC	−0.0032%	4h	90.005	−0.040%	$503K	$355K	30x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0024%	1h	89.910	−0.145%	$442K	$1.9M	15x	as long as short
Variational Omni CL	−0.0018%	4h	89.940	−0.111%	$12.6M	$11.4M	—	as long as short
QFEX CL-USD	−0.0017%	1h	89.920	−0.134%	$2.3M	$3.2M	10x	as long as short
Phoenix WTIOIL	−0.0009%	1h	90.020	−0.023%	$33K	$38K	20x	as long as short
Lighter WTI	−0.0008%	1h	89.920	−0.134%	$10.5M	$11.4M	20x	as long as short
OKX CL-USDT-SWAP	−0.0006%	4h	89.940	−0.111%	$40.3M	$142.3M	50x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.629	−0.457%	$610	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	89.944	−0.107%	$9K	$4K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	89.970	−0.078%	$29.3M	$114.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.021	−0.021%	$2.8M	$3.1M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	90.026	−0.016%	$17K	$230K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	90.010	−0.034%	$38K	$625K	15x	as long as short
Paradex CL-USD-PERP	+0.0018%	8h	89.927	−0.126%	$15K	$458	5x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	90.137	+0.107%	$16K	$5K	30x	as long as short
StandX CL-USDshort	+0.0040%	1h	90.050	+0.011%	$694K	$2.7M	40x
Vest CL-PERP	+0.0046%	1h	90.000	−0.045%	—	$320K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	90.019	−0.024%	$1.7M	$1.6M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	90.009	−0.035%	$2.0M	$92K	20x	as long as short
Pacifica CL	+0.0100%	1h	89.952	−0.098%	$325K	$783K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	89.965	−0.084%	$6.8M	$3.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	90.010	−0.034%	$52K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	89.994	−0.052%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0134% / S +0.0045%	1h	90.015	−0.028%	$71K	—	111x	as long as short
BloFin CL-USDT	+0.0229%	4h	89.960	−0.089%	$3.9M	$1.0M	50x	as long as short