CL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0239%/8h= +26.2% APRnext payment +$0.30 per $10,000 · paid last 24h +0.006%

Price spread now: QFEX against Deribit−0.043%7-day average −0.019% · 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−$30as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on Deribit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.037%−$4 on $10k

Price spread, last 3 days (all we have)+0.114%+$11 · spread now −0.043%, 7d avg −0.019%

Together, before fees+0.077%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.024% cheaper against Deribit than usual: you would sell low and buy high (spread −0.043% now, against its 7-day average of −0.019%). If the spread goes back, that is −$2 on $10k: about 8 hours of funding at the current rate (+$7 a day).

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.037% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.30 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WTIOIL_USDC-PERPETUAL	92.100	−0.0293	get 0.0037% / 1h	43m 08s	$96K	$189K	15x
Short	QFEX CL-USD	92.060	−0.0054	pay 0.0007% / 1h	43m 08s	$2.4M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Deribit. 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 DeribitbpFee QFEXbpOrdersPrice spread, now −0.043%Rate

Funding earned: $50.17
Price spread: −0.043% → −0.019%: −$2.39
Slippage, 4 orders: −$10.95
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee QFEX: 5 bp × 2 orders: −$10
Net: $19.82
Costs to cover: 0.280%
Break-even: 4.2 days

Slippage from Deribit: live order book, 35 min ago; QFEX: live order book, 4 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 Deribit live order book, 35 min ago	0.54 bp	7.3 bp −$7	7.4 bp −$74	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.63 bp	7.3 bp −$7	7.7 bp −$77	8.8 bp −$880	18.7 bp −$9,347

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
Kraken Futures PF_WTIOILUSD	−0.0450%	1h	92.112	+0.013%	$275K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0304%	4h	92.024	−0.083%	$58K	$702K	25x	as long as short
Deribit WTIOIL_USDC-PERPETUALlong	−0.0293%	1h	92.100	long leg	$96K	$189K	15x
Aster CLUSD1	−0.0227%	4h	92.093	−0.008%	$24.0M	$77.6M	20x	as long as short
Nado WTI-PERP	−0.0178%	1h	92.133	+0.036%	$924K	$741K	10x	as long as short
Binance CLUSDT	−0.0149%	4h	92.090	−0.011%	$245.4M	$1.10B	100x	as long as short
Lighter WTI	−0.0128%	1h	92.078	−0.024%	$11.2M	$10.9M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0128%	1h	92.000	−0.109%	$3.5M	$6.4M	20x	as long as short
Variational Omni CL	−0.0123%	4h	91.994	−0.116%	$13.4M	$12.7M	—	as long as short
tradeXYZ xyz:CL	−0.0110%	1h	92.103	+0.003%	$185.8M	$275.8M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex CL-USD-PERP	−0.0108%	8h	92.042	−0.063%	$15K	$367	5x	as long as short
Bullet WTIOIL-USD	−0.0077%	1h	92.083	−0.018%	$18K	$241K	10x	as long as short
QFEX CL-USDshort	−0.0054%	1h	92.060	−0.043%	$2.4M	$2.6M	10x
Gate CL_USDT	−0.0024%	8h	92.020	−0.087%	$21.3M	$57.5M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.082	−0.019%	$332K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.008%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.102	+0.002%	$25.7M	$94.9M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.080	−0.022%	$43.0M	$113.0M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.200	+0.108%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.077	−0.025%	$41.9M	$51.8M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.070	−0.033%	$37K	$101K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.076%	$399K	$984K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.669	−0.468%	$4K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	92.140	+0.043%	$2.0M	$27.5M	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0025%	1h	92.080	−0.022%	$1.6M	$1.4M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.070	−0.033%	$724K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.140	+0.043%	—	$308K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.085	−0.016%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0059%	4h	92.037	−0.068%	$529K	$336K	30x	as long as short
Aftermath Perps WTIUSD	+0.0068%	1h	92.079	−0.023%	$2K	$29K	5x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.078	−0.024%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.150	+0.054%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.053	−0.051%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	92.085	−0.016%	$76K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.28	+9.962%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.070	−0.033%	$4.0M	$1.4M	50x	as long as short