CL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0088%/8h= +9.7% APRnext payment +$0.11 per $10,000 · paid last 24h +0.038%

Price spread now: SoDEX against Kraken Futures−0.035%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$590.586% of the position

Long on Kraken Futures Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.028%+$3 on $10k

Price spread, last 3 days (all we have)−0.006%−$1 · spread now −0.035%, 7d avg −0.019%

Together, before fees+0.022%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: +$3 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	92.814	−0.0038	get 0.0005% / 1h	37m 30s	$275K	$870K	25x
Short	SoDEX CL-USD	92.782	0.0050	get 0.0006% / 1h	37m 30s	$2.1M	$61K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.035%Rate

Funding earned: $18.55
Price spread: −0.035% → −0.019%: −$1.53
Slippage, 4 orders: −$40.57
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$41.55
Costs to cover: 0.586%
Break-even: 22.7 days

Slippage from Kraken Futures: live order book, 36 min ago; SoDEX: live order book, 1 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, 36 min ago	2.86 bp	10.2 bp −$10	25.0 bp −$250	doesn't fit	doesn't fit
Sell SoDEX live order book, 1 min ago	0.54 bp	18.9 bp −$19	96.9 bp −$969	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	−0.0612%	1h	92.750	−0.069%	$198K	$366K	15x	as long as short
Aster CLUSD1	−0.0331%	4h	92.786	−0.031%	$23.9M	$74.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0296%	4h	92.686	−0.138%	$50K	$633K	25x	as long as short
Binance CLUSDT	−0.0273%	4h	92.744	−0.076%	$244.3M	$992.5M	100x	as long as short
Variational Omni CL	−0.0266%	4h	92.741	−0.079%	$13.3M	$11.1M	—	as long as short
Gate CL_USDT	−0.0152%	8h	92.710	−0.112%	$20.9M	$53.0M	100x	as long as short
tradeXYZ xyz:CL	−0.0070%	1h	92.770	−0.048%	$185.1M	$221.6M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0064%	1h	92.730	−0.091%	$3.5M	$5.7M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.030	−0.845%	$399K	$939K	15x	as long as short
Kraken Futures PF_WTIOILUSDlong	−0.0038%	1h	92.814	long leg	$275K	$870K	25x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WTI-PERP	−0.0035%	1h	92.815	+0.001%	$936K	$678K	10x	as long as short
QFEX CL-USD	−0.0033%	1h	92.730	−0.091%	$2.5M	$1.7M	10x	as long as short
OKX CL-USDT-SWAP	−0.0011%	4h	92.770	−0.048%	$42.8M	$106.3M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.754	−0.065%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.760	−0.059%	$26.3M	$83.1M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.742	−0.078%	$41.9M	$45.8M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.790	−0.026%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.772	−0.046%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.355	−0.495%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	92.800	−0.015%	$2.1M	$25.0M	10x	as long as short
edgeX CLUSDC	+0.0018%	4h	92.721	−0.100%	$533K	$297K	30x	as long as short
Paradex CL-USD-PERP	+0.0023%	8h	92.749	−0.070%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.769	−0.049%	$11.2M	$10.2M	20x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.877	+0.068%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.380	−0.468%	$726K	$3.0M	40x	as long as short
Aftermath Perps WTIUSD	+0.0046%	1h	92.757	−0.061%	$2K	$28K	5x	as long as short
Vest CL-PERP	+0.0046%	1h	92.780	−0.037%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.755	−0.064%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USDshort	+0.0050%	1h	92.782	−0.035%	$2.1M	$61K	20x
KuCoin CLUSDTM	+0.0070%	4h	92.800	−0.015%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.778	−0.039%	$331K	$616K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.760	−0.059%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.756	−0.063%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.785	−0.032%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.93	+9.825%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0228%	4h	92.730	−0.091%	$4.0M	$1.2M	50x	as long as short