CL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0133%/8h= +14.6% APRnext payment +$0.17 per $10,000 · paid last 24h +0.036%

Price spread now: ApeX Omni against QFEX−0.032%56s7-day average +0.013% · 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—prices read too far apart to compare

costs, in and out, $10k−$560.557% of the position

Long on QFEX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.113%+$11 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.032%, 7d avg +0.013%

Together, before fees+0.156%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.045% cheaper against QFEX than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of +0.013%). If the spread goes back, that is −$4 on $10k: about 27 hours of funding at the current rate (+$4 a day). The two prices were read 56 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	QFEX CL-USD	92.770	−0.0033	get 0.0004% / 1h	44m 20s	$2.5M	$1.7M	10x
Short	ApeX Omni CLUSDT	92.740	0.0100	get 0.0013% / 1h	44m 20s	$56K	$265K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against QFEX. 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 QFEXbpFee ApeX OmnibpOrdersPrice spread, now −0.032%Rate

Funding earned: $28.02
Price spread: −0.032% → +0.013%: −$4.49
Slippage, 4 orders: −$35.71
Fee QFEX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$32.17
Costs to cover: 0.557%
Break-even: 15.0 days

Slippage from QFEX: live order book, 3 min ago; ApeX Omni: live order book, 23 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 QFEX live order book, 3 min ago	3.23 bp	8.2 bp −$8	8.2 bp −$82	10.7 bp −$1,067	doesn't fit
Sell ApeX Omni live order book, 23 min ago	8.63 bp	19.9 bp −$20	193.7 bp −$1,937	doesn't fit	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0612%	1h	92.720	−0.054%	$198K	$366K	15x	as long as short
Aster CLUSD1	−0.0335%	4h	92.810	+0.043%	$24.0M	$74.8M	20x	as long as short
GRVT CL_USDT_Perp	−0.0322%	4h	92.720	−0.054%	$50K	$632K	25x	as long as short
Binance CLUSDT	−0.0279%	4h	92.770	0.000%	$244.6M	$1.00B	100x	as long as short
Variational Omni CL	−0.0272%	4h	92.751	−0.021%	$13.3M	$11.2M	—	as long as short
Gate CL_USDT	−0.0160%	8h	92.720	−0.054%	$20.9M	$52.9M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0079%	1h	92.740	−0.032%	$3.5M	$5.8M	20x	as long as short
tradeXYZ xyz:CL	−0.0062%	1h	92.762	−0.009%	$185.3M	$225.0M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.030	−0.798%	$399K	$942K	15x	as long as short
Nado WTI-PERP	−0.0047%	1h	92.837	+0.072%	$935K	$684K	10x	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	−0.0038%	1h	92.807	+0.040%	$275K	$883K	25x	as long as short
QFEX CL-USDlong	−0.0033%	1h	92.770	long leg	$2.5M	$1.7M	10x
OKX CL-USDT-SWAP	−0.0013%	4h	92.780	+0.011%	$42.9M	$106.7M	50x	as long as short
Extended WTI-USD	−0.0008%	1h	92.800	+0.032%	$2.1M	$25.1M	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.832	+0.066%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.786	+0.017%	$26.4M	$83.8M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.772	+0.002%	$42.0M	$46.3M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.790	+0.022%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.774	+0.005%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.317	−0.488%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0021%	8h	92.787	+0.019%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.785	+0.016%	$11.2M	$10.1M	20x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.919	+0.161%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.370	−0.431%	$726K	$3.0M	40x	as long as short
edgeX CLUSDC	+0.0041%	4h	92.772	+0.002%	$533K	$300K	30x	as long as short
Vest CL-PERP	+0.0046%	1h	92.790	+0.022%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.781	+0.012%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.780	+0.011%	$2.1M	$61K	20x	as long as short
Aftermath Perps WTIUSD	+0.0062%	1h	92.776	+0.006%	$2K	$28K	5x	as long as short
KuCoin CLUSDTM	+0.0072%	4h	92.831	+0.066%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.791	+0.023%	$331K	$616K	10x	as long as short
ApeX Omni CLUSDTshort	+0.0100%	1h	92.740	−0.032%	$56K	$265K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	92.740	−0.032%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.765	−0.005%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.93	+9.877%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0228%	4h	92.730	−0.043%	$4.0M	$1.2M	50x	as long as short