CL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h −0.006%

Price spread now: QFEX against dYdX−0.047%54s7-day average — · you buy dearer than you sell

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

Long on dYdX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and QFEX is 0.047% cheaper against dYdX than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX WTI-USD	92.483	0	get 0.0000% / 1h	33m 50s	$8K	$3K	5x
Short	QFEX CL-USD	92.440	−0.0040	pay 0.0005% / 1h	33m 50s	$2.4M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against dYdX. 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 dYdXbpFee QFEXbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$8.37
Price spread: −0.047% → 0.000%: −$4.69
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$33.05
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; QFEX: live order book, 3 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 dYdX no order-book sample	—	—	—	—	—
Sell QFEX live order book, 3 min ago	1.62 bp	7.4 bp −$7	7.7 bp −$77	9.3 bp −$930	doesn't fit

dYdX: 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 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
GRVT CL_USDT_Perp	−0.0364%	4h	92.380	−0.112%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0327%	4h	92.470	−0.014%	$24.0M	$80.6M	20x	as long as short
Binance CLUSDT	−0.0265%	4h	92.460	−0.025%	$245.2M	$1.07B	100x	as long as short
Variational Omni CL	−0.0254%	4h	92.451	−0.035%	$13.2M	$12.2M	—	as long as short
Gate CL_USDT	−0.0220%	8h	92.400	−0.090%	$21.3M	$54.9M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.485	+0.002%	$274K	$1.1M	25x	as long as short
Nado WTI-PERP	−0.0087%	1h	92.508	+0.027%	$932K	$732K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0074%	1h	92.480	−0.004%	$96K	$189K	15x	as long as short
Ondo Perps WTI-USD.P	−0.0046%	1h	92.430	−0.058%	$3.5M	$6.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.490%	$399K	$960K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USDshort	−0.0040%	1h	92.440	−0.047%	$2.4M	$2.1M	10x
tradeXYZ xyz:CL	−0.0023%	1h	92.476	−0.008%	$186.4M	$256.6M	20x	as long as short
Paradex CL-USD-PERP	−0.0015%	8h	92.446	−0.040%	$15K	$367	5x	as long as short
dYdX WTI-USDlong	0.0000%	1h	92.483	long leg	$8K	$3K	5x
Bybit CLUSDT	0.0000%	8h	92.480	−0.004%	$26.2M	$92.6M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.460	−0.025%	$43.0M	$111.1M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.582	+0.106%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.461	−0.024%	$42.1M	$50.9M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.530	+0.050%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.459	−0.026%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.014	−0.507%	$5K	—	150x	as long as short
Lighter WTI	+0.0008%	1h	92.464	−0.021%	$11.2M	$10.1M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.500	+0.018%	$2.3M	$27.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.370	−0.123%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.490	+0.007%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.473	−0.011%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.468	−0.017%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0096%	4h	92.401	−0.089%	$531K	$299K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.479	−0.005%	$354K	$596K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.474	−0.010%	$7.3M	$2.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.550	+0.072%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.422	−0.067%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.455	−0.031%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.56	+9.810%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.400	−0.090%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0297%	1h	92.442	−0.045%	$2K	$28K	5x	as long as short