CL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.03 per $10,000 · paid last 24h +0.016%

Price spread now: Coinbase International against Kraken Futures−0.133%7-day average −0.120% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.144%+$14 on $10k

Price spread, last 4 days (all we have)+0.127%+$13 · spread now −0.133%, 7d avg −0.120%

Together, before fees+0.271%+$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.120%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WTIOILUSD	93.284	−0.0061	get 0.0008% / 1h	13m 43s	$281K	$958K	25x
Short	Coinbase International WTIOIL-PERP-INTX	93.160	−0.0040	pay 0.0005% / 1h	13m 43s	$403K	$929K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.133%Rate

Funding earned: $4.39
Price spread: −0.133% → −0.120%: −$1.37
Slippage, 4 orders: −$14.16
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$31.15
Costs to cover: 0.342%
Break-even: 56.7 days

Slippage from Kraken Futures: live order book, 45 min ago; Coinbase International: live order book, 15 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, 45 min ago	2.42 bp	11.4 bp −$11	19.4 bp −$194	doesn't fit	doesn't fit
Sell Coinbase International live order book, 15 min ago	1.07 bp	6.1 bp −$6	7.8 bp −$78	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	−0.0393%	1h	93.230	−0.058%	$199K	$370K	15x	as long as short
GRVT CL_USDT_Perp	−0.0340%	4h	93.170	−0.123%	$58K	$656K	25x	as long as short
Aster CLUSD1	−0.0280%	4h	93.310	+0.027%	$24.3M	$66.0M	20x	as long as short
Binance CLUSDT	−0.0187%	4h	93.283	−0.001%	$246.3M	$939.9M	100x	as long as short
Variational Omni CL	−0.0172%	4h	93.189	−0.103%	$13.4M	$10.9M	—	as long as short
Bitget CLUSDT	−0.0132%	4h	93.272	−0.013%	$42.0M	$43.2M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0131%	1h	93.210	−0.080%	$3.5M	$5.4M	20x	as long as short
Aftermath Perps WTIUSD	−0.0128%	1h	93.228	−0.060%	$2K	$27K	5x	as long as short
Nado WTI-PERP	−0.0117%	1h	93.311	+0.028%	$965K	$629K	10x	as long as short
edgeX CLUSDC	−0.0072%	4h	93.211	−0.079%	$524K	$307K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0068%	8h	93.220	−0.069%	$21.4M	$51.5M	100x	as long as short
OKX CL-USDT-SWAP	−0.0062%	4h	93.270	−0.015%	$42.7M	$103.0M	50x	as long as short
Kraken Futures PF_WTIOILUSDlong	−0.0061%	1h	93.284	long leg	$281K	$958K	25x
tradeXYZ xyz:CL	−0.0057%	1h	93.276	−0.009%	$184.6M	$217.7M	20x	as long as short
Coinbase International WTIOIL-PERP-INTXshort	−0.0040%	1h	93.160	−0.133%	$403K	$929K	15x
QFEX CL-USD	−0.0033%	1h	93.230	−0.058%	$2.3M	$1.9M	10x	as long as short
Paradex CL-USD-PERP	−0.0027%	8h	93.261	−0.025%	$16K	$367	5x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.260	−0.026%	$37K	$41K	20x	as long as short
Lighter WTI	0.0000%	1h	93.276	−0.009%	$11.2M	$10.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.255	−0.032%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.290	+0.006%	$26.9M	$80.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.340	+0.059%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.253	−0.034%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.810	−0.508%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0006%	4h	93.295	+0.011%	$7.1M	$2.4M	50x	as long as short
Extended WTI-USD	+0.0016%	1h	93.320	+0.038%	$2.0M	$18.5M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.170	−0.123%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.270	−0.015%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.254	−0.033%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.248	−0.039%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.275	−0.010%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.190	−0.101%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.220	−0.069%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0180%	4h	93.250	−0.037%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.37	+9.741%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0224% / S −0.0151%	1h	93.255	−0.031%	$81K	—	111x	as long as short