CL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h −0.007%

Price spread now: QFEX against Phoenix−0.011%52s7-day average — · you buy dearer than you sell

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

Long on Phoenix 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 52 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	Phoenix WTIOIL	93.050	−0.0009	get 0.0001% / 1h	52m 00s	$37K	$41K	20x
Short	QFEX CL-USD	93.040	−0.0033	pay 0.0004% / 1h	52m 00s	$2.3M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Phoenix. 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 PhoenixbpFee QFEXbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$5.06
Price spread: −0.011% → 0.000%: −$1.07
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$23.14
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; QFEX: live order book, 5 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 Phoenix no order-book sample	—	—	—	—	—
Sell QFEX live order book, 5 min ago	1.61 bp	6.6 bp −$7	6.6 bp −$66	8.5 bp −$848	doesn't fit

Phoenix: 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	−0.0287%	1h	93.040	−0.011%	$198K	$370K	15x	as long as short
Aster CLUSD1	−0.0266%	4h	93.071	+0.023%	$24.1M	$66.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0186%	4h	93.024	−0.028%	$54K	$658K	25x	as long as short
Binance CLUSDT	−0.0176%	4h	93.061	+0.012%	$244.8M	$942.5M	100x	as long as short
Variational Omni CL	−0.0168%	4h	93.019	−0.034%	$13.5M	$10.8M	—	as long as short
Bitget CLUSDT	−0.0126%	4h	93.038	−0.013%	$42.0M	$43.3M	100x	as long as short
Nado WTI-PERP	−0.0118%	1h	93.114	+0.069%	$964K	$645K	10x	as long as short
Aftermath Perps WTIUSD	−0.0109%	1h	93.031	−0.020%	$2K	$27K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0092%	1h	93.020	−0.032%	$3.5M	$5.3M	20x	as long as short
edgeX CLUSDC	−0.0082%	4h	93.040	−0.010%	$527K	$303K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.083	+0.036%	$268K	$935K	25x	as long as short
Gate CL_USDT	−0.0046%	8h	93.010	−0.043%	$20.9M	$50.7M	100x	as long as short
OKX CL-USDT-SWAP	−0.0044%	4h	93.070	+0.021%	$42.6M	$102.5M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.930	−0.129%	$399K	$926K	15x	as long as short
QFEX CL-USDshort	−0.0033%	1h	93.040	−0.011%	$2.3M	$1.8M	10x
KuCoin CLUSDTM	−0.0020%	4h	93.068	+0.019%	$7.1M	$2.4M	50x	as long as short
Phoenix WTIOILlong	−0.0009%	1h	93.050	long leg	$37K	$41K	20x
tradeXYZ xyz:CL	−0.0004%	1h	93.058	+0.009%	$184.6M	$218.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.030	−0.021%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.080	+0.032%	$26.5M	$80.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.136	+0.093%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.067	+0.018%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.602	−0.481%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	93.051	+0.001%	$16K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	93.051	+0.001%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.090	+0.043%	$2.0M	$19.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.020	−0.032%	$735K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.070	+0.021%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.066	+0.017%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.059	+0.010%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.069	+0.020%	$330K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.030	−0.021%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.025	−0.027%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0194%	4h	93.030	−0.021%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0218% / S −0.0146%	1h	93.055	+0.005%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.17	+9.797%	$19K	$11K	30x	as long as short