CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0258%/8h= −28.2% APRnext payment −$0.32 per $10,000 · paid last 24h −0.049%

Price spread now: QFEX against Injective−9.357%7-day average — · you buy dearer than you sell

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

Long on Injective Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 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 −$8 a day on $10k at the current rate, and QFEX is 9.357% cheaper against Injective than usual: you would sell low and buy high (−$936 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective WTI/USDC PERP	102.83	0.0220	pay 0.0028% / 1h	39m 09s	$19K	$11K	30x
Short	QFEX CL-USD	93.210	−0.0038	pay 0.0005% / 1h	39m 09s	$2.3M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Injective. 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 InjectivebpFee QFEXbpOrdersPrice spread, now −9.357%Rate

Funding earned: −$54.08
Price spread: −9.357% → 0.000%: −$935.7
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$999.8
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell QFEX live order book, 3 min ago	1.61 bp	7.4 bp −$7	7.7 bp −$77	9.2 bp −$915	doesn't fit

Injective: 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
Deribit WTIOIL_USDC-PERPETUAL	−0.0608%	1h	93.200	−9.367%	$195K	$393K	15x	as long as short
Aster CLUSD1	−0.0287%	4h	93.286	−9.283%	$24.7M	$64.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0272%	4h	93.210	−9.357%	$75K	$636K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0209%	1h	93.249	−9.319%	$275K	$938K	25x	as long as short
Binance CLUSDT	−0.0163%	4h	93.260	−9.308%	$247.0M	$919.0M	100x	as long as short
Variational Omni CL	−0.0151%	4h	93.187	−9.380%	$13.4M	$10.6M	—	as long as short
Gate CL_USDT	−0.0129%	8h	93.180	−9.386%	$22.9M	$49.0M	100x	as long as short
Bitget CLUSDT	−0.0124%	4h	93.241	−9.327%	$42.2M	$41.5M	100x	as long as short
Aftermath Perps WTIUSD	−0.0112%	1h	93.275	−9.293%	$2K	$26K	5x	as long as short
Nado WTI-PERP	−0.0089%	1h	93.280	−9.288%	$957K	$623K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0066%	4h	93.230	−9.338%	$42.7M	$102.8M	50x	as long as short
QFEX CL-USDshort	−0.0038%	1h	93.210	−9.357%	$2.3M	$2.4M	10x
Ondo Perps WTI-USD.P	−0.0030%	1h	93.200	−9.367%	$3.6M	$5.3M	20x	as long as short
tradeXYZ xyz:CL	−0.0029%	1h	93.249	−9.319%	$184.2M	$199.4M	20x	as long as short
Lighter WTI	−0.0024%	1h	93.234	−9.334%	$11.2M	$9.1M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	−9.036%	$405K	$810K	15x	as long as short
Paradex CL-USD-PERP	−0.0002%	8h	93.213	−9.354%	$16K	$367	5x	as long as short
edgeX CLUSDC	−0.0001%	4h	93.217	−9.350%	$524K	$304K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.176	−9.390%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.248	−9.320%	$26.7M	$79.1M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.249	−9.320%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.410	−9.163%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.236	−9.332%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.809	−9.747%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0016%	1h	93.290	−9.279%	$1.6M	$15.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.270	−9.299%	$739K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.240	−9.328%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.220	−9.347%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.241	−9.327%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.224	−9.343%	$348K	$593K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.264	−9.304%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.200	−9.367%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.218	−9.349%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0176%	4h	93.210	−9.357%	$4.0M	$983K	50x	as long as short
Injective WTI/USDC PERPlong	+0.0220%	1h	102.83	long leg	$19K	$11K	30x
GMX WTIOIL/USD [ETH-USDC]	L +0.0254% / S −0.0190%	1h	93.245	−9.323%	$84K	—	111x	as long as short