CL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0138%/8h= −15.1% APRnext payment −$0.17 per $10,000 · paid last 24h −0.053%

Price spread now: Kraken Futures against ApeX Omni−0.061%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$590.590% of the position

Long on ApeX Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.595%−$60 on $10k

Price spread, last 3 days (all we have)+0.059%+$6 · spread now −0.061%, 7d avg +0.002%

Together, before fees−0.536%−$54 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Kraken Futures is 0.063% cheaper against ApeX Omni than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.002%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni CLUSDT	92.840	0.0100	pay 0.0013% / 1h	34m 34s	$56K	$265K	50x
Short	Kraken Futures PF_WTIOILUSD	92.783	−0.0038	pay 0.0005% / 1h	34m 34s	$275K	$870K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against ApeX Omni. 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 ApeX OmnibpFee Kraken FuturesbpOrdersPrice spread, now −0.061%Rate

Funding earned: −$29.05
Price spread: −0.061% → +0.002%: −$6.33
Slippage, 4 orders: −$39.01
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$94.39
Costs to cover: 0.590%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 32 min ago; Kraken Futures: live order book, 39 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 ApeX Omni live order book, 32 min ago	8.63 bp	19.3 bp −$19	176.9 bp −$1,769	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 39 min ago	2.86 bp	9.5 bp −$10	20.2 bp −$202	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	−0.0612%	1h	92.700	−0.151%	$198K	$366K	15x	as long as short
Aster CLUSD1	−0.0329%	4h	92.760	−0.086%	$23.9M	$74.4M	20x	as long as short
GRVT CL_USDT_Perp	−0.0296%	4h	92.686	−0.166%	$50K	$633K	25x	as long as short
Binance CLUSDT	−0.0271%	4h	92.735	−0.113%	$244.2M	$988.9M	100x	as long as short
Variational Omni CL	−0.0265%	4h	92.761	−0.085%	$13.3M	$11.1M	—	as long as short
Gate CL_USDT	−0.0152%	8h	92.670	−0.183%	$20.9M	$53.1M	100x	as long as short
tradeXYZ xyz:CL	−0.0068%	1h	92.740	−0.108%	$185.0M	$221.7M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0063%	1h	92.690	−0.162%	$3.5M	$5.7M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.030	−0.872%	$399K	$938K	15x	as long as short
Nado WTI-PERP	−0.0040%	1h	92.785	−0.060%	$963K	$694K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSDshort	−0.0038%	1h	92.783	−0.061%	$275K	$870K	25x
QFEX CL-USD	−0.0033%	1h	92.730	−0.118%	$2.5M	$1.7M	10x	as long as short
OKX CL-USDT-SWAP	−0.0012%	4h	92.720	−0.129%	$42.7M	$105.9M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.754	−0.093%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.745	−0.102%	$26.3M	$82.8M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.723	−0.126%	$41.9M	$45.7M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.820	−0.022%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.775	−0.070%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.309	−0.572%	$5K	—	150x	as long as short
edgeX CLUSDC	+0.0018%	4h	92.721	−0.128%	$533K	$297K	30x	as long as short
Paradex CL-USD-PERP	+0.0023%	8h	92.714	−0.136%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0024%	1h	92.780	−0.065%	$2.1M	$25.0M	10x	as long as short
Lighter WTI	+0.0032%	1h	92.743	−0.104%	$11.2M	$10.2M	20x	as long as short
Aftermath Perps WTIUSD	+0.0034%	1h	92.757	−0.089%	$2K	$28K	5x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.858	+0.019%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.360	−0.517%	$726K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.770	−0.075%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.742	−0.106%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.725	−0.124%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTM	+0.0068%	4h	92.791	−0.053%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.728	−0.121%	$331K	$616K	10x	as long as short
ApeX Omni CLUSDTlong	+0.0100%	1h	92.840	long leg	$56K	$265K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	92.717	−0.133%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.755	−0.092%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.83	+9.687%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0228%	4h	92.730	−0.118%	$4.0M	$1.2M	50x	as long as short