CL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0150%/8h= −16.4% APRnext payment −$0.19 per $10,000 · paid last 24h −0.019%

Price spread now: Kraken Futures against Ondo Perps+0.148%7-day average +0.052% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.420%−$42 on $10k

Price spread, last 4 days (all we have)−0.197%−$20 · spread now +0.148%, 7d avg +0.052%

Together, before fees−0.617%+ Points / potential airdropOndo Perps: Active · farm board−$62 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.096% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.148% now, against its 7-day average of +0.052%): +$10 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps WTI-USD.P	90.300	−0.0081	get 0.0010% / 1h	49m 20s	$3.4M	$6.6M	20x
Short	Kraken Futures PF_WTIOILUSD	90.434	−0.0230	pay 0.0029% / 1h	49m 20s	$354K	$2.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpFee Kraken FuturesbpOrdersPrice spread, now +0.148%Rate

Funding earned: −$31.4
Price spread: +0.148% → +0.052%: $9.63
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$36.76
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Kraken Futures: live order book, 2 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 2 min ago	3.72 bp	11.5 bp −$11	31.1 bp −$311	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_WTIOILUSDshort	−0.0230%	1h	90.434	+0.148%	$354K	$2.1M	25x
Aftermath Perps WTIUSD	−0.0155%	1h	89.966	−0.369%	$1K	$26K	5x	as long as short
tradeXYZ xyz:CL	−0.0135%	1h	90.337	+0.041%	$175.9M	$252.7M	20x	as long as short
GRVT CL_USDT_Perp	−0.0114%	4h	89.982	−0.352%	$68K	$645K	25x	as long as short
Bitget CLUSDT	−0.0094%	4h	90.334	+0.038%	$40.8M	$58.5M	100x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0081%	1h	90.480	+0.199%	$39K	$642K	15x	as long as short
Ondo Perps WTI-USD.Plong	−0.0081%	1h	90.300	long leg	$3.4M	$6.6M	20x
Aster CLUSD1	−0.0077%	4h	90.570	+0.299%	$24.5M	$73.1M	20x	as long as short
Nado WTI-PERP	−0.0072%	1h	90.506	+0.228%	$893K	$712K	10x	as long as short
edgeX CLUSDC	−0.0058%	4h	89.990	−0.344%	$501K	$374K	30x	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	−0.0048%	1h	90.530	+0.255%	$1.3M	$14.0M	10x	as long as short
Binance CLUSDT	−0.0030%	4h	90.491	+0.212%	$247.1M	$1.23B	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0024%	1h	90.440	+0.155%	$411K	$1.7M	15x	as long as short
QFEX CL-USD	−0.0017%	1h	90.330	+0.033%	$2.2M	$3.0M	10x	as long as short
Gate CL_USDT	−0.0011%	8h	90.450	+0.166%	$23.9M	$55.9M	100x	as long as short
Phoenix WTIOIL	−0.0009%	1h	90.070	−0.255%	$33K	$38K	20x	as long as short
Variational Omni CL	−0.0005%	4h	89.971	−0.364%	$12.6M	$11.3M	—	as long as short
OKX CL-USDT-SWAP	−0.0002%	4h	90.480	+0.199%	$40.5M	$139.7M	50x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	90.221	−0.088%	$613	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	90.482	+0.202%	$9K	$4K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	90.529	+0.254%	$28.9M	$112.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.410	+0.122%	$2.8M	$3.1M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	90.450	+0.166%	$18K	$234K	10x	as long as short
Paradex CL-USD-PERP	+0.0019%	8h	90.440	+0.155%	$15K	$458	5x	as long as short
Lighter WTI	+0.0032%	1h	90.492	+0.213%	$10.6M	$11.1M	20x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	90.137	−0.181%	$16K	$5K	30x	as long as short
StandX CL-USD	+0.0040%	1h	89.970	−0.365%	$694K	$2.7M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	90.270	−0.033%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	90.310	+0.011%	$1.7M	$1.5M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	90.282	−0.020%	$2.0M	$85K	20x	as long as short
Pacifica CL	+0.0100%	1h	90.458	+0.175%	$318K	$758K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	90.354	+0.060%	$6.9M	$3.2M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	90.020	−0.310%	$52K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	90.486	+0.206%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0158% / S +0.0008%	1h	90.510	+0.233%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	90.330	+0.033%	$3.9M	$1.0M	50x	as long as short