Kpler Middle Distillate Arbitrage is a forward view of diesel and jet fuel arbitrage that brings together physical prices, forward curves, freight and voyage timing. You can see which origins can commercially supply an importing market, compare competing destinations for available supply, and understand where current pricing is pulling marginal barrels.

• Export + arbitrage: where a barrel should go, by comparing destinations for the same supply across forward windows.
• Import + arbitrage: which origins can profitably supply your market, with open and closed arbs shown across forward windows.
• Landed value: which origin has the lowest landed value.

No. An open arb doesn't guarantee a destination will win the barrel. If every available route is closed, the product may still need to be sold somewhere. Use Export + Arbitrage to compare destinations and see where current pricing creates the strongest economic pull, rather than looking only for open routes.

Not every destination has a sufficiently liquid brokered delivered market to establish a physical sales price. Where a sales price isn't available, an outright arbitrage cannot be calculated. Landed Value compares the all-in cost of delivering product from alternative origins instead. It accounts for physical price, freight, voyage timing and other costs, and ranks potential suppliers on a consistent basis.

Yes. Select any cell in the breakdown matrix to open the detailed economics behind that route, broken into physical differential, time structure, benchmark translation, freight and other costs. The Breakdown answers "Why is this the arb value?" Scenario Builder answers "What if?" You can change physical differentials, freight, benchmark spreads and costs to reflect your own view, and the calculated economics update immediately.

Yes. “Point-in-time” lets you select a historical date and see the arbitrage as it appeared on that day. Use it to reconstruct historical arb conditions, investigate when route economics changed, review past trading decisions, and compare historical economics with subsequent flows and fixtures. Flows vs Economics also overlays historical flows with arbitrage economics, so you can see when market incentives and observed cargo movements converge or diverge.

Freight is a key part of any arbitrage calculation, and the freight market is shaped by vessel availability. Three features add shipping context in the same workspace:

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• Fixtures: newly reported fixtures, including vessel, cargo size, charterer, load and discharge ports, and laycan.

• Tonnage supply: historical tonnage availability X days forward, compared with the calculated freight rate.

• Cumulative fixtures: how fixtures are accumulating on a route compared with historical patterns, and whether the pace of new fixtures is accelerating or slowing.

• API: access arb calculations and underlying components programmatically.

• Excel add-in: analyse and customise the data.

• MCP: connect the data to AI-powered workflows.