CL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0179%/8h= +19.6% APRnext payment +$0.22 per $10,000 · paid last 24h −0.009%

Price spread now: Kraken Futures against tradeXYZ+0.033%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$380.382% of the position

Long on tradeXYZ Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.339%−$34 on $10k

Price spread, last 4 days (all we have)−0.387%−$39 · spread now +0.033%, 7d avg −0.001%

Together, before fees−0.726%+ Points / potential airdroptradeXYZ: Active · farm board−$73 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.034% dearer against tradeXYZ than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.001%. Mind the row above: over the last 7 days funding on this pair cost −0.339%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CL	93.068	−0.0074	get 0.0009% / 1h	0m 13s	$185.2M	$217.4M	20x
Short	Kraken Futures PF_WTIOILUSD	93.099	0.0105	get 0.0013% / 1h	0m 13s	$274K	$871K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against tradeXYZ. 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 tradeXYZbpFee Kraken FuturesbpOrdersPrice spread, now +0.033%Rate

Funding earned: $37.6
Price spread: +0.033% → −0.001%: $3.35
Slippage, 4 orders: −$10.17
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $2.78
Costs to cover: 0.382%
Break-even: 6.5 days

Slippage from tradeXYZ: live order book, 10 min ago; Kraken Futures: live order book, 3 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 tradeXYZ live order book, 10 min ago	0.22 bp	9.5 bp −$9	10.8 bp −$108	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	3.33 bp	8.9 bp −$9	19.0 bp −$190	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	−0.0609%	1h	93.030	−0.041%	$199K	$369K	15x	as long as short
Aster CLUSD1	−0.0263%	4h	93.090	+0.024%	$24.0M	$68.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0248%	4h	93.052	−0.018%	$54K	$635K	25x	as long as short
Binance CLUSDT	−0.0206%	4h	93.081	+0.014%	$244.8M	$953.6M	100x	as long as short
Variational Omni CL	−0.0197%	4h	92.966	−0.110%	$13.5M	$11.2M	—	as long as short
Ondo Perps WTI-USD.P	−0.0163%	1h	92.960	−0.116%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0140%	1h	93.101	+0.036%	$963K	$653K	10x	as long as short
OKX CL-USDT-SWAP	−0.0082%	4h	93.080	+0.013%	$42.6M	$102.9M	50x	as long as short
Extended WTI-USD	−0.0080%	1h	93.110	+0.045%	$2.1M	$21.9M	10x	as long as short
tradeXYZ xyz:CLlong	−0.0074%	1h	93.068	long leg	$185.2M	$217.4M	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSD	−0.0066%	1h	93.030	−0.041%	$2K	$27K	5x	as long as short
Gate CL_USDT	−0.0060%	8h	93.020	−0.052%	$20.9M	$53.4M	100x	as long as short
edgeX CLUSDC	−0.0047%	4h	92.984	−0.090%	$529K	$302K	30x	as long as short
Bitget CLUSDT	−0.0040%	4h	93.085	+0.018%	$42.0M	$43.6M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.342%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.020	−0.052%	$2.5M	$1.7M	10x	as long as short
Lighter WTI	0.0000%	1h	93.069	+0.001%	$11.2M	$10.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.019	−0.053%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.099	+0.033%	$26.8M	$81.0M	150x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.050	−0.019%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.078	+0.011%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.634	−0.466%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0006%	4h	93.079	+0.012%	$7.1M	$2.4M	50x	as long as short
Paradex CL-USD-PERP	+0.0011%	8h	93.016	−0.056%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	93.010	−0.062%	$734K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.080	+0.013%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.078	+0.011%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.071	+0.003%	$2.1M	$60K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	93.128	+0.064%	$3.1M	$2.9M	20x	as long as short
Pacifica CL	+0.0100%	1h	93.037	−0.034%	$331K	$619K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.000	−0.073%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.034	−0.037%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSDshort	+0.0105%	1h	93.099	+0.033%	$274K	$871K	25x
BloFin CL-USDT	+0.0158%	4h	93.000	−0.073%	$4.1M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0209% / S −0.0134%	1h	93.075	+0.008%	$79K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.10	+9.703%	$19K	$11K	30x	as long as short