Settings8H · net · $10k
Funding arb · Price arb /

CL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0072%/8h= −7.9% APRnext payment $0.09 per $10,000 · paid last 24h −0.015%
Price spread now: QFEX against Extended−0.076%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$200.203% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.202%−$20 on $10k
Price spread, last 7 days+0.064%+$6 · spread now −0.076%, 7d avg +0.011%
Together, before fees−0.139%+ Points / potential airdropExtended: Active · farm board−$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and QFEX is 0.087% cheaper against Extended than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.011%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended WTI-USD92.5300.0032pay 0.0004% / 1h36m 42s$2.3M$27.3M10x
ShortQFEX CL-USD92.460−0.0040pay 0.0005% / 1h36m 42s$2.4M$2.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX against Extended. 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

Funding earned
−$15.09
Price spread: −0.076% → +0.011%
−$8.7
Slippage, 4 orders
−$5.26
Fee Extended: 2.5 bp × 2 orders
−$5
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$44.04
Costs to cover
0.203%
Break-even
never at this rate
Slippage from Extended: live order book, 2 min ago; QFEX: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 2 min ago0.05 bp3.6 bp −$47.2 bp −$7221.2 bp −$2,120doesn't fit
Sell QFEX live order book, 6 min ago1.62 bp7.4 bp −$77.7 bp −$779.2 bp −$923doesn't fit

CL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT CL_USDT_Perp−0.0364%4h92.380−0.162%$58K$693K25xas long as short
Aster CLUSD1−0.0324%4h92.489−0.044%$24.0M$81.1M20xas long as short
Binance CLUSDT−0.0262%4h92.472−0.063%$245.1M$1.08B100xas long as short
Variational Omni CL−0.0247%4h92.351−0.194%$13.2M$12.1Mas long as short
Gate CL_USDT−0.0228%8h92.390−0.151%$21.3M$54.8M100xas long as short
Deribit WTIOIL_USDC-PERPETUAL−0.0182%1h92.490−0.043%$96K$189K15xas long as short
Kraken Futures PF_WTIOILUSD−0.0120%1h92.516−0.015%$274K$1.1M25xas long as short
Nado WTI-PERP−0.0093%1h92.522−0.008%$932K$734K10xas long as short
Ondo Perps WTI-USD.P−0.0054%1h92.440−0.097%$3.5M$6.2M20xas long as short
Coinbase International WTIOIL-PERP-INTX−0.0040%1h92.030−0.540%$399K$960K15xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX CL-USDshort−0.0040%1h92.460−0.076%$2.4M$2.1M10x
tradeXYZ xyz:CL−0.0026%1h92.492−0.041%$186.6M$256.5M20xas long as short
Paradex CL-USD-PERP−0.0019%8h92.457−0.079%$15K$3675xas long as short
Lighter WTI0.0000%1h92.481−0.053%$11.2M$10.1M20xas long as short
dYdX WTI-USD0.0000%1h92.483−0.050%$8K$3K5xas long as short
Bybit CLUSDT0.0000%8h92.485−0.049%$26.1M$93.1M150xas long as short
OKX CL-USDT-SWAP0.0000%4h92.450−0.086%$42.9M$111.3M50xas long as short
RISEx CL/USDC0.0000%1h92.600+0.076%$3.3M$2.7M20xas long as short
Bitget CLUSDT0.0000%4h92.455−0.081%$42.1M$51.0M100xas long as short
Phoenix WTIOIL0.0000%1h92.5300.000%$37K$66K20xas long as short
Bullet WTIOIL-USD0.0000%1h92.493−0.040%$19K$241K10xas long as short
gTrade (Gains Network) WTI/USDL 0.0000% / S +0.0036%1h92.039−0.531%$5K150xas long as short
Extended WTI-USDlong+0.0032%1h92.530long leg$2.3M$27.3M10x
StandX CL-USD+0.0040%1h92.370−0.173%$722K$3.1M40xas long as short
Vest CL-PERP+0.0046%1h92.510−0.022%$310K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h92.502−0.030%$1.6M$1.4M20xas long as short
SoDEX CL-USD+0.0050%1h92.481−0.053%$2.0M$39K20xas long as short
edgeX CLUSDC+0.0096%4h92.401−0.140%$531K$299K30xas long as short
Pacifica CL+0.0100%1h92.479−0.055%$354K$596K10xas long as short
KuCoin CLUSDTM+0.0100%4h92.515−0.016%$7.2M$2.3M50xas long as short
ApeX Omni CLUSDT+0.0100%1h92.470−0.065%$56K$265K50xas long as short
Aevo WTIOIL-PERP+0.0104%1h92.446−0.091%$4K10xas long as short
GMX WTIOIL/USD [ETH-USDC]L +0.0206% / S −0.0131%1h92.485−0.049%$78K111xas long as short
Injective WTI/USDC PERP+0.0220%1h101.56+9.755%$19K$11K30xas long as short
BloFin CL-USDT+0.0240%4h92.400−0.140%$4.0M$1.4M50xas long as short
Aftermath Perps WTIUSD+0.0318%1h92.390−0.151%$2K$28K5xas long as short