CL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0357%/8h= +39.1% APRnext payment +$0.45 per $10,000 · paid last 24h +0.060%

Price spread now: Injective against Kraken Futures+9.940%57s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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 +$11 a day on $10k at the current rate, and Injective is 9.940% dearer against Kraken Futures than usual: you sell high and buy low: +$994 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WTIOILUSD	93.663	−0.0137	get 0.0017% / 1h	25m 22s	$283K	$960K	25x
Short	Injective WTI/USDC PERP	102.97	0.0220	get 0.0028% / 1h	25m 22s	$19K	$11K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +9.940%Rate

Funding earned: $74.96
Price spread: +9.940% → 0.000%: $993.99
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,058.94
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Kraken Futures: live order book, 23 min ago; Injective: no order-book sample. Net counts fees only.

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, 23 min ago	2.08 bp	9.3 bp −$9	23.4 bp −$234	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0497%	1h	93.610	−0.057%	$196K	$383K	15x	as long as short
Aster CLUSD1	−0.0273%	4h	93.672	+0.010%	$24.6M	$65.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0262%	4h	93.658	−0.006%	$58K	$618K	25x	as long as short
Binance CLUSDT	−0.0148%	4h	93.650	−0.014%	$247.1M	$916.7M	100x	as long as short
Aftermath Perps WTIUSD	−0.0142%	1h	93.663	+0.001%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSDlong	−0.0137%	1h	93.663	long leg	$283K	$960K	25x
Variational Omni CL	−0.0136%	4h	93.629	−0.037%	$13.5M	$10.6M	—	as long as short
Ondo Perps WTI-USD.P	−0.0118%	1h	93.600	−0.067%	$3.5M	$5.3M	20x	as long as short
Gate CL_USDT	−0.0109%	8h	93.550	−0.121%	$22.5M	$49.4M	100x	as long as short
Bitget CLUSDT	−0.0102%	4h	93.629	−0.036%	$42.3M	$42.1M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0076%	1h	93.637	−0.028%	$185.2M	$207.0M	20x	as long as short
Nado WTI-PERP	−0.0055%	1h	93.681	+0.019%	$966K	$620K	10x	as long as short
edgeX CLUSDC	−0.0037%	4h	93.643	−0.021%	$526K	$305K	30x	as long as short
QFEX CL-USD	−0.0023%	1h	93.610	−0.057%	$2.3M	$2.4M	10x	as long as short
OKX CL-USDT-SWAP	−0.0020%	4h	93.630	−0.035%	$42.9M	$101.8M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.174%	$404K	$916K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.729	+0.071%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.643	−0.021%	$27.0M	$79.0M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.710	+0.051%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.730	+0.072%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.640	−0.025%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.189	−0.506%	$5K	—	150x	as long as short
Lighter WTI	+0.0016%	1h	93.618	−0.048%	$11.3M	$9.6M	20x	as long as short
Paradex CL-USD-PERP	+0.0022%	8h	93.596	−0.071%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.660	−0.003%	$2.0M	$15.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.680	+0.018%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.660	−0.003%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.633	−0.032%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.643	−0.021%	$2.1M	$61K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.614	−0.053%	$333K	$574K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.644	−0.020%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.750	+0.093%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.612	−0.055%	$4K	—	10x	as long as short
Injective WTI/USDC PERPshort	+0.0220%	1h	102.97	+9.940%	$19K	$11K	30x
BloFin CL-USDT	+0.0224%	4h	93.640	−0.025%	$4.0M	$977K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0246% / S −0.0180%	1h	93.695	+0.034%	$84K	—	111x	as long as short