CL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.03 per $10,000 · paid last 24h −0.019%

Price spread now: Kraken Futures against Ondo Perps+0.081%7-day average +0.047% · you sell dearer than you buy

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

Long on Ondo Perps Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.468%−$47 on $10k

Price spread, last 3 days (all we have)−0.086%−$9 · spread now +0.081%, 7d avg +0.047%

Together, before fees−0.554%+ Points / potential airdropOndo Perps: Active · farm board−$55 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kraken Futures is 0.033% dearer against Ondo Perps than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.047%. Mind the row above: over the last 7 days funding on this pair cost −0.468%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps WTI-USD.P	92.690	−0.0063	get 0.0008% / 1h	33m 47s	$3.5M	$5.7M	20x
Short	Kraken Futures PF_WTIOILUSD	92.765	−0.0038	pay 0.0005% / 1h	33m 47s	$275K	$870K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Ondo Perps. 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 Ondo PerpsbpFee Kraken FuturesbpOrdersPrice spread, now +0.081%Rate

Funding earned: $5.22
Price spread: +0.081% → +0.047%: $3.34
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$6.44
Costs to cover: 0.150%
Break-even: 15.6 days

Slippage unknown: Ondo Perps: no order-book sample; Kraken Futures: live order book, 40 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 40 min ago	2.86 bp	9.5 bp −$10	20.2 bp −$202	doesn't fit	doesn't fit

Ondo Perps: 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 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	−0.0612%	1h	92.690	0.000%	$198K	$366K	15x	as long as short
Aster CLUSD1	−0.0329%	4h	92.760	+0.076%	$23.9M	$74.4M	20x	as long as short
GRVT CL_USDT_Perp	−0.0296%	4h	92.686	−0.004%	$50K	$633K	25x	as long as short
Binance CLUSDT	−0.0271%	4h	92.810	+0.129%	$244.4M	$989.5M	100x	as long as short
Variational Omni CL	−0.0265%	4h	92.761	+0.076%	$13.3M	$11.1M	—	as long as short
Gate CL_USDT	−0.0152%	8h	92.740	+0.054%	$20.9M	$53.1M	100x	as long as short
tradeXYZ xyz:CL	−0.0067%	1h	92.812	+0.132%	$185.1M	$221.8M	20x	as long as short
Ondo Perps WTI-USD.Plong	−0.0063%	1h	92.690	long leg	$3.5M	$5.7M	20x
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.030	−0.712%	$399K	$938K	15x	as long as short
Nado WTI-PERP	−0.0040%	1h	92.785	+0.102%	$963K	$694K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSDshort	−0.0038%	1h	92.765	+0.081%	$275K	$870K	25x
QFEX CL-USD	−0.0033%	1h	92.730	+0.043%	$2.5M	$1.7M	10x	as long as short
OKX CL-USDT-SWAP	−0.0012%	4h	92.800	+0.119%	$42.8M	$106.1M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.754	+0.069%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.810	+0.129%	$26.3M	$82.8M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.808	+0.127%	$41.9M	$45.8M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.820	+0.140%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.729	+0.042%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.280	−0.442%	$5K	—	150x	as long as short
edgeX CLUSDC	+0.0018%	4h	92.721	+0.034%	$533K	$297K	30x	as long as short
Paradex CL-USD-PERP	+0.0023%	8h	92.714	+0.026%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0024%	1h	92.770	+0.086%	$2.1M	$25.0M	10x	as long as short
Lighter WTI	+0.0032%	1h	92.842	+0.164%	$11.2M	$10.3M	20x	as long as short
Aftermath Perps WTIUSD	+0.0034%	1h	92.768	+0.084%	$2K	$28K	5x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.858	+0.181%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.360	−0.356%	$726K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.770	+0.086%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.742	+0.056%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.727	+0.040%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTM	+0.0068%	4h	92.802	+0.121%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.728	+0.041%	$331K	$616K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.840	+0.162%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.692	+0.002%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.725	+0.038%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.83	+9.864%	$19K	$11K	30x	as long as short