CL

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0466%/8h= +51.0% APRnext payment +$0.58 per $10,000 · paid last 24h +0.055%

Price spread now: ApeX Omni against Kraken Futures−0.457%75s7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$730.727% of the position

Long on Kraken Futures Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.543%+$54 on $10k

Price spread, last 4 days (all we have)+0.632%+$63 · spread now −0.457%, 7d avg −0.013%

Together, before fees+1.175%+$118 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.444% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.457% now, against its 7-day average of −0.013%). If the spread goes back, that is −$44 on $10k: about 3.2 days of funding at the current rate (+$14 a day). The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WTIOILUSD	90.303	−0.0366	get 0.0046% / 1h	3m 41s	$282K	$1.3M	25x
Short	ApeX Omni CLUSDT	89.890	0.0100	get 0.0013% / 1h	3m 41s	$52K	$266K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.457%Rate

Funding earned: $97.87
Price spread: −0.457% → −0.013%: −$44.42
Slippage, 4 orders: −$52.7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$19.25
Costs to cover: 0.727%
Break-even: 8.4 days

Slippage from Kraken Futures: live order book, 3 min ago; ApeX Omni: live order book, 46 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, 3 min ago	4.34 bp	16.8 bp −$17	30.4 bp −$304	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 46 min ago	8.77 bp	20.9 bp −$21	208.5 bp −$2,085	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0525%	1h	90.240	−0.069%	$183K	$423K	15x	as long as short
Kraken Futures PF_WTIOILUSDlong	−0.0366%	1h	90.303	long leg	$282K	$1.3M	25x
Aster CLUSD1	−0.0148%	4h	90.768	+0.516%	$24.9M	$69.1M	20x	as long as short
Bitget CLUSDT	−0.0104%	4h	90.711	+0.452%	$41.5M	$52.5M	100x	as long as short
Binance CLUSDT	−0.0099%	4h	90.690	+0.429%	$243.1M	$1.15B	100x	as long as short
Variational Omni CL	−0.0085%	4h	89.884	−0.464%	$12.7M	$11.2M	—	as long as short
Ondo Perps WTI-USD.P	−0.0081%	1h	90.600	+0.329%	$3.4M	$5.9M	20x	as long as short
Nado WTI-PERP	−0.0075%	1h	90.287	−0.018%	$874K	$675K	10x	as long as short
tradeXYZ xyz:CL	−0.0069%	1h	90.651	+0.386%	$174.1M	$232.4M	20x	as long as short
Extended WTI-USD	−0.0064%	1h	90.690	+0.429%	$1.2M	$13.6M	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT CL_USDT_Perp	−0.0060%	4h	90.241	−0.068%	$74K	$628K	25x	as long as short
Gate CL_USDT	−0.0051%	8h	90.600	+0.329%	$23.4M	$55.6M	100x	as long as short
Aftermath Perps WTIUSD	−0.0037%	1h	90.255	−0.053%	$1K	$27K	5x	as long as short
edgeX CLUSDC	−0.0033%	4h	90.264	−0.043%	$505K	$379K	30x	as long as short
QFEX CL-USD	−0.0023%	1h	90.640	+0.373%	$2.2M	$2.8M	10x	as long as short
OKX CL-USDT-SWAP	−0.0023%	4h	90.650	+0.385%	$40.7M	$124.8M	50x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.941	−0.401%	$1K	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	90.663	+0.399%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	90.708	+0.449%	$27.2M	$101.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.231	−0.079%	$2.9M	$3.0M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	90.336	+0.036%	$16K	$238K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0008%	1h	90.350	+0.052%	$420K	$1.4M	15x	as long as short
Paradex CL-USD-PERP	+0.0015%	8h	90.657	+0.392%	$15K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	90.687	+0.426%	$10.8M	$10.2M	20x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	89.848	−0.504%	$16K	$5K	30x	as long as short
StandX CL-USD	+0.0040%	1h	90.040	−0.291%	$697K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	90.230	−0.081%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	90.265	−0.042%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	90.310	+0.008%	$2.0M	$80K	20x	as long as short
Phoenix WTIOIL	+0.0053%	1h	90.450	+0.163%	$36K	$37K	20x	as long as short
Pacifica CL	+0.0100%	1h	90.689	+0.427%	$307K	$717K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	90.688	+0.427%	$7.1M	$2.9M	50x	as long as short
ApeX Omni CLUSDTshort	+0.0100%	1h	89.890	−0.457%	$52K	$266K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	90.286	−0.018%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0167% / S +0.0014%	1h	90.315	+0.014%	$73K	—	111x	as long as short
BloFin CL-USDT	+0.0217%	4h	90.200	−0.114%	$3.9M	$1.1M	50x	as long as short