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 − costs—under 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
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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended WTI-USD | 92.530 | 0.0032 | pay 0.0004% / 1h | 36m 42s | $2.3M | $27.3M | 10x |
| Short | QFEX CL-USD | 92.460 | −0.0040 | pay 0.0005% / 1h | 36m 42s | $2.4M | $2.1M | 10x |
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 itlatest
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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Extended live order book, 2 min ago | 0.05 bp | 3.6 bp −$4 | 7.2 bp −$72 | 21.2 bp −$2,120 | doesn't fit |
| Sell QFEX live order book, 6 min ago | 1.62 bp | 7.4 bp −$7 | 7.7 bp −$77 | 9.2 bp −$923 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT CL_USDT_Perp | −0.0364% | 4h | 92.380 | −0.162% | $58K | $693K | 25x | as long as short |
| Aster CLUSD1 | −0.0324% | 4h | 92.489 | −0.044% | $24.0M | $81.1M | 20x | as long as short |
| Binance CLUSDT | −0.0262% | 4h | 92.472 | −0.063% | $245.1M | $1.08B | 100x | as long as short |
| Variational Omni CL | −0.0247% | 4h | 92.351 | −0.194% | $13.2M | $12.1M | — | as long as short |
| Gate CL_USDT | −0.0228% | 8h | 92.390 | −0.151% | $21.3M | $54.8M | 100x | as long as short |
| Deribit WTIOIL_USDC-PERPETUAL | −0.0182% | 1h | 92.490 | −0.043% | $96K | $189K | 15x | as long as short |
| Kraken Futures PF_WTIOILUSD | −0.0120% | 1h | 92.516 | −0.015% | $274K | $1.1M | 25x | as long as short |
| Nado WTI-PERP | −0.0093% | 1h | 92.522 | −0.008% | $932K | $734K | 10x | as long as short |
| Ondo Perps WTI-USD.P | −0.0054% | 1h | 92.440 | −0.097% | $3.5M | $6.2M | 20x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | −0.0040% | 1h | 92.030 | −0.540% | $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 | 92.460 | −0.076% | $2.4M | $2.1M | 10x | |
| tradeXYZ xyz:CL | −0.0026% | 1h | 92.492 | −0.041% | $186.6M | $256.5M | 20x | as long as short |
| Paradex CL-USD-PERP | −0.0019% | 8h | 92.457 | −0.079% | $15K | $367 | 5x | as long as short |
| Lighter WTI | 0.0000% | 1h | 92.481 | −0.053% | $11.2M | $10.1M | 20x | as long as short |
| dYdX WTI-USD | 0.0000% | 1h | 92.483 | −0.050% | $8K | $3K | 5x | as long as short |
| Bybit CLUSDT | 0.0000% | 8h | 92.485 | −0.049% | $26.1M | $93.1M | 150x | as long as short |
| OKX CL-USDT-SWAP | 0.0000% | 4h | 92.450 | −0.086% | $42.9M | $111.3M | 50x | as long as short |
| RISEx CL/USDC | 0.0000% | 1h | 92.600 | +0.076% | $3.3M | $2.7M | 20x | as long as short |
| Bitget CLUSDT | 0.0000% | 4h | 92.455 | −0.081% | $42.1M | $51.0M | 100x | as long as short |
| Phoenix WTIOIL | 0.0000% | 1h | 92.530 | 0.000% | $37K | $66K | 20x | as long as short |
| Bullet WTIOIL-USD | 0.0000% | 1h | 92.493 | −0.040% | $19K | $241K | 10x | as long as short |
| gTrade (Gains Network) WTI/USD | L 0.0000% / S +0.0036% | 1h | 92.039 | −0.531% | $5K | — | 150x | as long as short |
| Extended WTI-USDlong | +0.0032% | 1h | 92.530 | long leg | $2.3M | $27.3M | 10x | |
| StandX CL-USD | +0.0040% | 1h | 92.370 | −0.173% | $722K | $3.1M | 40x | as long as short |
| Vest CL-PERP | +0.0046% | 1h | 92.510 | −0.022% | — | $310K | 10x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.0050% | 1h | 92.502 | −0.030% | $1.6M | $1.4M | 20x | as long as short |
| SoDEX CL-USD | +0.0050% | 1h | 92.481 | −0.053% | $2.0M | $39K | 20x | as long as short |
| edgeX CLUSDC | +0.0096% | 4h | 92.401 | −0.140% | $531K | $299K | 30x | as long as short |
| Pacifica CL | +0.0100% | 1h | 92.479 | −0.055% | $354K | $596K | 10x | as long as short |
| KuCoin CLUSDTM | +0.0100% | 4h | 92.515 | −0.016% | $7.2M | $2.3M | 50x | as long as short |
| ApeX Omni CLUSDT | +0.0100% | 1h | 92.470 | −0.065% | $56K | $265K | 50x | as long as short |
| Aevo WTIOIL-PERP | +0.0104% | 1h | 92.446 | −0.091% | $4K | — | 10x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | L +0.0206% / S −0.0131% | 1h | 92.485 | −0.049% | $78K | — | 111x | as long as short |
| Injective WTI/USDC PERP | +0.0220% | 1h | 101.56 | +9.755% | $19K | $11K | 30x | as long as short |
| BloFin CL-USDT | +0.0240% | 4h | 92.400 | −0.140% | $4.0M | $1.4M | 50x | as long as short |
| Aftermath Perps WTIUSD | +0.0318% | 1h | 92.390 | −0.151% | $2K | $28K | 5x | as long as short |
Extended WTI-USD
GRVT CL_USDT_Perp
Aster CLUSD1
Binance CLUSDT
Variational Omni CL
Gate CL_USDT
Deribit WTIOIL_USDC-PERPETUAL
Kraken Futures PF_WTIOILUSD
Coinbase International WTIOIL-PERP-INTX
tradeXYZ xyz:CL
Paradex CL-USD-PERP
Lighter WTI
Bybit CLUSDT
OKX CL-USDT-SWAP
RISEx CL/USDC
Bitget CLUSDT
Phoenix WTIOIL
Bullet WTIOIL-USD
gTrade (Gains Network) WTI/USD
StandX CL-USD
Polymarket Perps WTIOIL-USD
SoDEX CL-USD
edgeX CLUSDC
Pacifica CL
KuCoin CLUSDTM
ApeX Omni CLUSDT
GMX WTIOIL/USD [ETH-USDC]
Injective WTI/USDC PERP
BloFin CL-USDT
Aftermath Perps WTIUSD