CL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0007%/8h= +0.8% APRnext payment +$0.01 per $10,000 · paid last 24h −0.007%

Price spread now: QFEX against Coinbase International−0.075%7-day average +0.103% · 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−$47as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on Coinbase International Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.102%+$10 on $10k

Price spread, last 4 days (all we have)+0.166%+$17 · spread now −0.075%, 7d avg +0.103%

Together, before fees+0.268%+$27 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.178% cheaper against Coinbase International than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WTIOIL-PERP-INTX	93.190	−0.0040	get 0.0005% / 1h	49m 54s	$401K	$928K	15x
Short	QFEX CL-USD	93.120	−0.0033	pay 0.0004% / 1h	49m 54s	$2.3M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Coinbase International. 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 Coinbase InternationalbpFee QFEXbpOrdersPrice spread, now −0.075%Rate

Funding earned: $1.53
Price spread: −0.075% → +0.103%: −$17.81
Slippage, 4 orders: −$8.76
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$45.04
Costs to cover: 0.288%
Break-even: 213.2 days

Slippage from Coinbase International: live order book, 44 min ago; QFEX: live order book, 2 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 Coinbase International live order book, 44 min ago	2.15 bp	7.4 bp −$7	9.4 bp −$94	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	1.61 bp	6.6 bp −$7	6.6 bp −$66	8.3 bp −$828	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	−0.0287%	1h	93.130	−0.064%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0264%	4h	93.220	+0.032%	$24.1M	$66.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0238%	4h	93.007	−0.197%	$54K	$658K	25x	as long as short
Binance CLUSDT	−0.0175%	4h	93.190	0.000%	$245.2M	$943.1M	100x	as long as short
Variational Omni CL	−0.0167%	4h	93.119	−0.077%	$13.5M	$10.7M	—	as long as short
Bitget CLUSDT	−0.0124%	4h	93.181	−0.010%	$42.0M	$43.3M	100x	as long as short
Nado WTI-PERP	−0.0122%	1h	93.186	−0.004%	$965K	$645K	10x	as long as short
Aftermath Perps WTIUSD	−0.0109%	1h	93.066	−0.133%	$2K	$27K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0105%	1h	93.080	−0.118%	$3.5M	$5.3M	20x	as long as short
edgeX CLUSDC	−0.0077%	4h	93.022	−0.180%	$526K	$303K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.164	−0.028%	$268K	$936K	25x	as long as short
Gate CL_USDT	−0.0046%	8h	93.100	−0.097%	$20.9M	$50.7M	100x	as long as short
Coinbase International WTIOIL-PERP-INTXlong	−0.0040%	1h	93.190	long leg	$401K	$928K	15x
OKX CL-USDT-SWAP	−0.0040%	4h	93.200	+0.011%	$42.7M	$102.7M	50x	as long as short
QFEX CL-USDshort	−0.0033%	1h	93.120	−0.075%	$2.3M	$1.8M	10x
KuCoin CLUSDTM	−0.0018%	4h	93.191	+0.001%	$7.1M	$2.4M	50x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.050	−0.150%	$37K	$41K	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.160	−0.032%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.210	+0.021%	$26.8M	$80.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.215	+0.027%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.153	−0.039%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.697	−0.529%	$5K	—	150x	as long as short
tradeXYZ xyz:CL	+0.0001%	1h	93.154	−0.039%	$184.8M	$218.7M	20x	as long as short
Paradex CL-USD-PERP	+0.0012%	8h	93.122	−0.073%	$16K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	93.144	−0.049%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.210	+0.021%	$2.0M	$19.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.050	−0.150%	$735K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.150	−0.043%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.145	−0.048%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.157	−0.035%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.155	−0.038%	$331K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.120	−0.075%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.110	−0.086%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0196%	4h	93.070	−0.129%	$4.0M	$996K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0219% / S −0.0146%	1h	93.145	−0.048%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.17	+9.632%	$19K	$11K	30x	as long as short