CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0175%/8h= −19.1% APRnext payment −$0.87 per $10,000 · paid last 24h −0.026%

Price spread now: OKX against KuCoin−0.055%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.205%−$21 on $10k

Price spread, last 7 days+0.025%+$3 · spread now −0.055%, 7d avg −0.006%

Together, before fees−0.180%−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and OKX is 0.048% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.006%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CLUSDTM	93.121	0.0100	pay 0.0050% / 4h	32m 33s	$7.0M	$2.4M	50x
Short	OKX CL-USDT-SWAP	93.070	−0.0075	pay 0.0037% / 4h	32m 33s	$42.7M	$102.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against KuCoin. 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 KuCoinbpFee OKXbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$36.65
Price spread: −0.055% → −0.006%: −$4.84
Slippage, 4 orders: −$8.39
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$71.88
Costs to cover: 0.304%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; OKX: 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 KuCoin live order book, 5 min ago	1.72 bp	9.8 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.54 bp	5.5 bp −$6	6.1 bp −$61	12.8 bp −$1,283	101.7 bp −$50.8K

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	−0.0501%	1h	93.110	−0.012%	$194K	$395K	15x	as long as short
Aster CLUSD1	−0.0288%	4h	93.125	+0.004%	$24.7M	$64.7M	20x	as long as short
GRVT CL_USDT_Perp	−0.0262%	4h	93.080	−0.044%	$77K	$622K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0210%	1h	93.135	+0.015%	$275K	$939K	25x	as long as short
Binance CLUSDT	−0.0161%	4h	93.093	−0.030%	$247.2M	$923.0M	100x	as long as short
Variational Omni CL	−0.0143%	4h	93.137	+0.017%	$13.4M	$10.6M	—	as long as short
Gate CL_USDT	−0.0129%	8h	93.020	−0.108%	$22.9M	$49.3M	100x	as long as short
Bitget CLUSDT	−0.0124%	4h	93.073	−0.052%	$42.3M	$41.7M	100x	as long as short
Aftermath Perps WTIUSD	−0.0111%	1h	93.161	+0.042%	$2K	$26K	5x	as long as short
Nado WTI-PERP	−0.0098%	1h	93.156	+0.038%	$955K	$623K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAPshort	−0.0075%	4h	93.070	−0.055%	$42.7M	$102.9M	50x
edgeX CLUSDC	−0.0057%	4h	93.176	+0.059%	$524K	$305K	30x	as long as short
QFEX CL-USD	−0.0038%	1h	93.060	−0.066%	$2.3M	$2.5M	10x	as long as short
tradeXYZ xyz:CL	−0.0037%	1h	93.108	−0.014%	$184.1M	$199.8M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0022%	1h	93.080	−0.044%	$3.6M	$5.3M	20x	as long as short
Lighter WTI	−0.0016%	1h	93.093	−0.030%	$11.2M	$9.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.450%	$405K	$810K	15x	as long as short
Paradex CL-USD-PERP	−0.0005%	8h	93.048	−0.079%	$16K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	93.167	+0.050%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.090	−0.033%	$26.6M	$79.1M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.103	−0.019%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.170	+0.053%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.136	+0.016%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.692	−0.461%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	93.110	−0.012%	$1.7M	$15.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.150	+0.031%	$738K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.120	−0.001%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.111	−0.011%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.144	+0.025%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.106	−0.016%	$347K	$593K	10x	as long as short
KuCoin CLUSDTMlong	+0.0100%	4h	93.121	long leg	$7.0M	$2.4M	50x
ApeX Omni CLUSDT	+0.0100%	1h	93.020	−0.108%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.101	−0.021%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0166%	4h	93.090	−0.033%	$4.1M	$983K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.45	+10.018%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0244% / S −0.0169%	1h	93.125	+0.004%	$78K	—	111x	as long as short