CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0242%/8h= −26.5% APRnext payment −$0.30 per $10,000 · paid last 24h −0.028%

Price spread now: Kraken Futures against Extended+0.001%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on Extended Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.436%−$44 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.001%, 7d avg +0.013%

Together, before fees−0.429%+ Points / potential airdropExtended: Active · farm board−$43 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WTI-USD	93.120	0.0032	pay 0.0004% / 1h	2m 05s	$1.7M	$14.9M	10x
Short	Kraken Futures PF_WTIOILUSD	93.121	−0.0210	pay 0.0026% / 1h	2m 05s	$273K	$928K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Extended. 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 ExtendedbpFee Kraken FuturesbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$50.74
Price spread: +0.001% → +0.013%: −$1.21
Slippage, 4 orders: −$11.66
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$78.61
Costs to cover: 0.267%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Kraken Futures: live order book, 41 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 Extended live order book, 2 min ago	0.32 bp	3.8 bp −$4	6.0 bp −$60	20.1 bp −$2,014	doesn't fit
Sell Kraken Futures live order book, 41 min ago	2.04 bp	9.4 bp −$9	17.6 bp −$176	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	−0.0287%	1h	93.070	−0.054%	$188K	$405K	15x	as long as short
Aster CLUSD1	−0.0250%	4h	93.170	+0.054%	$24.8M	$62.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0218%	4h	93.231	+0.119%	$75K	$634K	25x	as long as short
Kraken Futures PF_WTIOILUSDshort	−0.0210%	1h	93.121	+0.001%	$273K	$928K	25x
Gate CL_USDT	−0.0139%	8h	93.050	−0.075%	$23.2M	$50.8M	100x	as long as short
Binance CLUSDT	−0.0139%	4h	93.128	+0.009%	$246.4M	$925.9M	100x	as long as short
Variational Omni CL	−0.0130%	4h	93.192	+0.078%	$13.6M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0108%	1h	93.143	+0.025%	$953K	$613K	10x	as long as short
Bitget CLUSDT	−0.0098%	4h	93.129	+0.010%	$42.2M	$41.5M	100x	as long as short
Aftermath Perps WTIUSD	−0.0083%	1h	93.137	+0.018%	$1K	$26K	5x	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	−0.0065%	4h	93.120	0.000%	$42.6M	$103.3M	50x	as long as short
edgeX CLUSDC	−0.0042%	4h	93.256	+0.146%	$525K	$324K	30x	as long as short
QFEX CL-USD	−0.0038%	1h	93.110	−0.011%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.100	−0.021%	$403K	$806K	15x	as long as short
tradeXYZ xyz:CL	−0.0015%	1h	93.133	+0.014%	$184.3M	$196.9M	20x	as long as short
Lighter WTI	−0.0008%	1h	93.126	+0.006%	$11.2M	$9.2M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0002%	1h	93.080	−0.043%	$3.6M	$5.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.133	+0.014%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.139	+0.020%	$27.0M	$79.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.133	+0.014%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.140	+0.021%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.086	−0.037%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.704	−0.447%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0012%	8h	93.087	−0.036%	$16K	$367	5x	as long as short
Extended WTI-USDlong	+0.0032%	1h	93.120	long leg	$1.7M	$14.9M	10x
StandX CL-USD	+0.0040%	1h	93.130	+0.011%	$734K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.090	−0.032%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.096	−0.026%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.120	0.000%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.105	−0.016%	$347K	$589K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.160	+0.043%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.290	+0.183%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.080	−0.043%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0171%	4h	93.100	−0.021%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.680%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0261% / S −0.0179%	1h	93.135	+0.016%	$90K	—	111x	as long as short