CL

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	QFEXCL-USD	103.11	0	0.0000% / 1h	53m 46s	$2.6M	$1.3M	10x	Long QFEX10% back
SHORT	BingXNCCO1OILWTI2USD-USDT	103.22	−0.0264	pay 0.0132% / 4h	1h 53m	$2.2M	$8.2M	500x	Short BingX

Price gap+0.107%

Funding gap−0.0264% /8h

Funding costs $8 a day on $10k at the current rate. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$48−0.0264% /8h now · paid −0.485% over the last 7D

Price+$1spread +0.107% now, avg +0.100% → +0.006% if it goes back

Costs−$250.254% of $10k · taker + slippage, in and out

Result−$73−0.73%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.107%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CL on 45 exchanges

lowest funding first

Before you open

1 ok · 2 to watch

OK: Fits both order books6.6 / 6.0 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$1,000 + $20
QFEX 10x, BingX 500x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$7.92Long QFEX: 24 payments, $0.00; short BingX: 6 payments, −$7.92.
Note: Gap at its usual level+0.107% vs +0.100%
The price leg adds little either way.
Note: Short leg is thinner$2.2M vs $2.6M OI
Both legs are deep; BingX is the smaller one.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCQFEX No · BingX Yes
Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0231%/8h × 21 periods−$48.48

Price spread+0.107% → +0.100% (7d avg)+$0.62

Slippage, 4 orderslive order books−$5.45

Fee QFEX bp × 2 orders−$10.00

Fee BingX bp × 2 orders−$10.00

Net · 7 days · $10k−$73.30

Costs to cover0.254%Break-evennever at this rate

Slippage: QFEX: live order book, 11 min ago; BingX: live order book, 10 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGQFEX0.976.6 bp−$77.5 bp−$7522.4 bp−$2,242doesn’t fit

SELL · SHORTBingX0.976.0 bp−$66.3 bp−$637.7 bp−$76615.7 bp−$7,864

Closing costs about the same again.

CL news

posts that mention CL or Crude oil (WTI), from every exchangeSearch all news →

10-23 19:28	Markets by Kinetiq	Other	WTI Crude Oil is back above $100, up 6% this week. Houthi strikes on Saudi Arabia are escalating, ship attacks near Hormuz just hit a record month, and US crude stocks have fallen three weeks straight. @Markets_xyz on X ↗
10-23 10:17	SoDEX	Other	🛢️ $CL: Will Oil Keep Rising? 🔥 Middle East tensions are heating up! Where will oil prices head next? 👀 ✅ Vote below ✅ Share your $CL position ✅ Comment your prediction! 📊 POLL: Where will $CL be by Dec 31, 2026? @sodex_official on X ↗
10-22 15:08	BingX	Other	When commodities make headlines, depth matters 📊 Trade GOLD, WTI, BRENT, and SILVER perpetuals with deeper order books on #BingXTradFi. Up to 5.1x the depth vs No.2 (GOLD-USDT, 100 bps). See the breakdown 👇 @BingXOfficial on X ↗
10-20 08:13	ApeX Omni	Other	Oil cracked. WTI -4.7% is the biggest move on the tape. bitcoin:native $81,703 -1.3%, ethereum:native $2,395 -1.5%, while $NDAQ added 1.1%. $527M went into spot bitcoin ETFs, the best day since September, with IBIT alone taking $665M. Fear and greed 55. @OfficialApeXdex on X ↗
10-19 19:35	BingX	Other	Brent topped $110, WTI broke $100, and diesel hit records as Hormuz attacks escalate. Energy rallied while the Nasdaq fell 4.5%. Oil is back driving inflation and rate fears 🛢️ @BingXOfficial on X ↗
10-19 10:35	Phemex	Other	WTI just printed below $97 while Brent holds ~$108. Oil’s pullback after Friday’s spike is more technical + Russia supply hope than a clean demand collapse. For crypto traders, lower energy costs can ease inflation pressure — but geopolitics still keep the floor elevated. Execution quality matters more than the narrative when macro signals flip. @Phemex_official on X ↗

CL