CL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0204%/8h= −22.3% APRnext payment −$0.25 per $10,000 · paid last 24h −0.032%

Price spread now: Kraken Futures against RISEx−0.010%7-day average −0.043% · 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−$23as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on RISEx Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.120%−$12 on $10k

Price spread, last 4 days (all we have)−0.087%−$9 · spread now −0.010%, 7d avg −0.043%

Together, before fees−0.207%−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.033% dearer against RISEx than usual: you sell high and buy low (spread −0.010% now, against its 7-day average of −0.043%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx CL/USDC	93.456	0	get 0.0000% / 1h	7m 42s	$3.1M	$2.9M	20x
Short	Kraken Futures PF_WTIOILUSD	93.447	−0.0204	pay 0.0025% / 1h	7m 42s	$285K	$959K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against RISEx. 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 RISExbpFee Kraken FuturesbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$42.77
Price spread: −0.010% → −0.043%: $3.31
Slippage, 4 orders: −$10.74
Fee RISEx: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$66.2
Costs to cover: 0.267%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; Kraken Futures: live order book, 46 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 RISEx live order book, 1 min ago	1.18 bp	4.2 bp −$4	5.5 bp −$55	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 46 min ago	1.93 bp	7.2 bp −$7	20.6 bp −$206	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	−0.0392%	1h	93.420	−0.038%	$196K	$377K	15x	as long as short
GRVT CL_USDT_Perp	−0.0280%	4h	93.511	+0.059%	$58K	$629K	25x	as long as short
Aster CLUSD1	−0.0278%	4h	93.384	−0.076%	$24.4M	$64.5M	20x	as long as short
Kraken Futures PF_WTIOILUSDshort	−0.0204%	1h	93.447	−0.010%	$285K	$959K	25x
Binance CLUSDT	−0.0172%	4h	93.360	−0.102%	$245.8M	$931.0M	100x	as long as short
Variational Omni CL	−0.0165%	4h	93.509	+0.057%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0157%	1h	93.443	−0.013%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0122%	4h	93.390	−0.070%	$42.1M	$42.7M	100x	as long as short
Nado WTI-PERP	−0.0112%	1h	93.450	−0.006%	$972K	$630K	10x	as long as short
Gate CL_USDT	−0.0077%	8h	93.360	−0.102%	$22.0M	$50.3M	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	−0.0075%	1h	93.366	−0.096%	$184.7M	$212.2M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0074%	1h	93.400	−0.060%	$3.5M	$5.4M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.500	+0.047%	$404K	$931K	15x	as long as short
OKX CL-USDT-SWAP	−0.0037%	4h	93.410	−0.049%	$42.7M	$102.4M	50x	as long as short
QFEX CL-USD	−0.0032%	1h	93.400	−0.060%	$2.3M	$2.5M	10x	as long as short
edgeX CLUSDC	−0.0020%	4h	93.498	+0.045%	$526K	$305K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.405	−0.054%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.440	−0.017%	$27.0M	$79.6M	150x	as long as short
RISEx CL/USDClong	0.0000%	1h	93.456	long leg	$3.1M	$2.9M	20x
Phoenix WTIOIL	0.0000%	1h	93.540	+0.090%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.430	−0.028%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.988	−0.501%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0019%	8h	93.391	−0.070%	$16K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	93.355	−0.108%	$11.2M	$9.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.460	+0.005%	$2.0M	$16.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.450	−0.006%	$740K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.410	−0.049%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.408	−0.051%	$332K	$577K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.405	−0.054%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.445	−0.012%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0094%	4h	93.455	−0.001%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.580	+0.133%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.420	−0.038%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0199%	4h	93.420	−0.038%	$4.0M	$989K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.64	+9.833%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0240% / S −0.0173%	1h	93.445	−0.012%	$84K	—	111x	as long as short