CL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0803%/8h= +87.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.069%

Price spread now: BloFin against Kraken Futures+0.034%57s7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as 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−$340.336% of the position

Long on Kraken Futures Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.211%+$21 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and BloFin is 0.034% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.211% in total (about 11.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.00 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WTIOILUSD	92.869	0.0105	pay 0.0013% / 1h	46m 13s	$273K	$875K	25x
Short	BloFin WTIOIL-USDT	92.900	0.0907	get 0.0113% / 1h	46m 13s	—	$437K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.034%Rate

Funding earned: $168.56
Price spread: +0.034% → 0.000%: $3.37
Slippage, 4 orders: −$11.61
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $138.32
Costs to cover: 0.336%
Break-even: 1.3 days

Slippage from Kraken Futures: live order book, 22 min ago; BloFin: live order book, 80 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, 22 min ago	3.23 bp	10.7 bp −$11	16.7 bp −$167	doesn't fit	doesn't fit
Sell BloFin live order book, 80 min ago	1.08 bp	7.1 bp −$7	7.1 bp −$71	9.9 bp −$993	17.7 bp −$8,826

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	−0.0719%	1h	92.830	−0.042%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0241%	4h	92.870	+0.001%	$24.0M	$70.0M	20x	as long as short
GRVT CL_USDT_Perp	−0.0208%	4h	92.953	+0.090%	$61K	$633K	25x	as long as short
Binance CLUSDT	−0.0206%	4h	92.867	−0.002%	$244.5M	$956.4M	100x	as long as short
Variational Omni CL	−0.0200%	4h	92.927	+0.063%	$13.5M	$11.1M	—	as long as short
Ondo Perps WTI-USD.P	−0.0146%	1h	92.810	−0.063%	$3.5M	$5.7M	20x	as long as short
Nado WTI-PERP	−0.0131%	1h	92.933	+0.069%	$962K	$668K	10x	as long as short
Gate CL_USDT	−0.0097%	8h	92.820	−0.052%	$20.9M	$52.3M	100x	as long as short
tradeXYZ xyz:CL	−0.0056%	1h	92.877	+0.009%	$184.7M	$218.5M	20x	as long as short
edgeX CLUSDC	−0.0047%	4h	92.897	+0.031%	$529K	$303K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.128%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.850	−0.020%	$2.5M	$1.7M	10x	as long as short
Aftermath Perps WTIUSD	−0.0023%	1h	92.899	+0.032%	$2K	$28K	5x	as long as short
OKX CL-USDT-SWAP	−0.0014%	4h	92.870	+0.001%	$42.8M	$102.4M	50x	as long as short
Lighter WTI	0.0000%	1h	92.885	+0.018%	$11.2M	$10.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.917	+0.052%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.888	+0.021%	$26.9M	$81.0M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.878	+0.010%	$41.9M	$43.3M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.930	+0.066%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.878	+0.010%	$18K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.446	−0.455%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	92.920	+0.055%	$2.1M	$23.2M	10x	as long as short
Paradex CL-USD-PERP	+0.0032%	8h	92.858	−0.011%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.460	−0.440%	$727K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.900	+0.034%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.887	+0.020%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.868	−0.001%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	92.992	+0.133%	$3.3M	$2.7M	20x	as long as short
KuCoin CLUSDTM	+0.0066%	4h	92.884	+0.016%	$7.3M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.879	+0.011%	$332K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.850	−0.020%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.836	−0.035%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSDlong	+0.0105%	1h	92.869	long leg	$273K	$875K	25x
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.865	−0.004%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.15	+9.991%	$19K	$11K	30x	as long as short
BloFin WTIOIL-USDTshort	+0.0907%	1h	92.900	+0.034%	—	$437K	20x