CL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0070%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h +0.032%

Price spread now: Extended against Kraken Futures−0.023%7-day average −0.013% · 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−$30as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on Kraken Futures Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.490%+$49 on $10k

Price spread, last 3 days (all we have)+0.015%+$1 · spread now −0.023%, 7d avg −0.013%

Together, before fees+0.505%+ Points / potential airdropExtended: Active · farm board+$50 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: +$2 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	92.941	−0.0038	get 0.0005% / 1h	14m 00s	$274K	$884K	25x
Short	Extended WTI-USD	92.920	0.0032	get 0.0004% / 1h	14m 00s	$2.1M	$24.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.023%Rate

Funding earned: $14.76
Price spread: −0.023% → −0.013%: −$0.92
Slippage, 4 orders: −$13.68
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$14.84
Costs to cover: 0.287%
Break-even: 14.0 days

Slippage from Kraken Futures: live order book, 59 min ago; Extended: live order book, 5 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, 59 min ago	2.86 bp	10.2 bp −$10	25.0 bp −$250	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	0.05 bp	2.8 bp −$3	5.3 bp −$53	21.5 bp −$2,152	doesn't fit

CL on 35 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	−0.0396%	1h	92.860	−0.087%	$198K	$365K	15x	as long as short
Aster CLUSD1	−0.0283%	4h	92.930	−0.012%	$24.0M	$72.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0258%	4h	92.840	−0.109%	$53K	$631K	25x	as long as short
Binance CLUSDT	−0.0243%	4h	92.890	−0.055%	$244.9M	$975.3M	100x	as long as short
Variational Omni CL	−0.0240%	4h	92.898	−0.046%	$13.4M	$11.0M	—	as long as short
Gate CL_USDT	−0.0110%	8h	92.860	−0.087%	$20.9M	$53.9M	100x	as long as short
Nado WTI-PERP	−0.0070%	1h	92.995	+0.058%	$964K	$675K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.205%	$402K	$946K	15x	as long as short
tradeXYZ xyz:CL	−0.0044%	1h	92.894	−0.051%	$184.5M	$220.5M	20x	as long as short
Kraken Futures PF_WTIOILUSDlong	−0.0038%	1h	92.941	long leg	$274K	$884K	25x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0033%	1h	92.900	−0.044%	$2.5M	$1.7M	10x	as long as short
Ondo Perps WTI-USD.P	−0.0028%	1h	92.900	−0.044%	$3.5M	$5.7M	20x	as long as short
OKX CL-USDT-SWAP	−0.0014%	4h	92.900	−0.044%	$42.9M	$104.9M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.911	−0.032%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.910	−0.033%	$27.0M	$82.1M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.883	−0.062%	$42.0M	$43.9M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.920	−0.023%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.908	−0.035%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.438	−0.541%	$5K	—	150x	as long as short
Aftermath Perps WTIUSD	+0.0012%	1h	92.889	−0.056%	$2K	$28K	5x	as long as short
Paradex CL-USD-PERP	+0.0030%	8h	92.937	−0.005%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.894	−0.051%	$11.2M	$10.4M	20x	as long as short
Extended WTI-USDshort	+0.0032%	1h	92.920	−0.023%	$2.1M	$24.2M	10x
RISEx CL/USDC	+0.0037%	1h	93.049	+0.116%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.370	−0.614%	$726K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.920	−0.023%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.923	−0.019%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.891	−0.054%	$2.1M	$61K	20x	as long as short
edgeX CLUSDC	+0.0061%	4h	92.816	−0.134%	$528K	$303K	30x	as long as short
KuCoin CLUSDTM	+0.0080%	4h	92.928	−0.014%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.960	+0.021%	$332K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.840	−0.109%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.875	−0.071%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.895	−0.049%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.04	+9.786%	$19K	$11K	30x	as long as short