CL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.005%

Price spread now: Bullet against QFEX+0.019%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$270.268% of the position

Long on QFEX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.044%+$4 on $10k

Price spread, last 4 days (all we have)+0.045%+$4 · spread now +0.019%, 7d avg +0.015%

Together, before fees+0.089%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CL-USD	92.880	−0.0032	get 0.0004% / 1h	12m 33s	$2.5M	$1.7M	10x
Short	Bullet WTIOIL-USD	92.898	0	get 0.0000% / 1h	12m 33s	$19K	$242K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.019%Rate

Funding earned: $6.82
Price spread: +0.019% → +0.015%: $0.49
Slippage, 4 orders: −$8.84
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$19.52
Costs to cover: 0.268%
Break-even: 27.0 days

Slippage from QFEX: live order book, 5 min ago; Bullet: live order book, 51 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, 5 min ago	1.62 bp	7.4 bp −$7	7.7 bp −$77	9.4 bp −$940	doesn't fit
Sell Bullet live order book, 51 min ago	0.54 bp	6.4 bp −$6	17.5 bp −$175	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	−0.0718%	1h	92.880	0.000%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0257%	4h	92.890	+0.011%	$24.0M	$67.9M	20x	as long as short
GRVT CL_USDT_Perp	−0.0238%	4h	92.910	+0.032%	$53K	$635K	25x	as long as short
Binance CLUSDT	−0.0205%	4h	92.900	+0.022%	$244.7M	$952.3M	100x	as long as short
Variational Omni CL	−0.0195%	4h	92.857	−0.025%	$13.5M	$11.2M	—	as long as short
Ondo Perps WTI-USD.P	−0.0162%	1h	92.860	−0.022%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0154%	1h	92.944	+0.069%	$961K	$658K	10x	as long as short
OKX CL-USDT-SWAP	−0.0075%	4h	92.890	+0.011%	$42.9M	$102.0M	50x	as long as short
tradeXYZ xyz:CL	−0.0071%	1h	92.894	+0.015%	$184.4M	$217.5M	20x	as long as short
Gate CL_USDT	−0.0071%	8h	92.840	−0.043%	$20.9M	$53.0M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended WTI-USD	−0.0064%	1h	92.940	+0.065%	$2.1M	$22.3M	10x	as long as short
Aftermath Perps WTIUSD	−0.0063%	1h	92.897	+0.018%	$2K	$27K	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.140%	$402K	$944K	15x	as long as short
QFEX CL-USDlong	−0.0032%	1h	92.880	long leg	$2.5M	$1.7M	10x
edgeX CLUSDC	−0.0015%	4h	92.902	+0.023%	$529K	$303K	30x	as long as short
Lighter WTI	0.0000%	1h	92.901	+0.023%	$11.2M	$10.5M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.937	+0.061%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.910	+0.032%	$26.5M	$80.9M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.880	0.000%	$42.1M	$43.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.950	+0.075%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USDshort	0.0000%	1h	92.898	+0.019%	$19K	$242K	10x
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.499	−0.410%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0010%	4h	92.877	−0.003%	$7.3M	$2.3M	50x	as long as short
Paradex CL-USD-PERP	+0.0011%	8h	92.889	+0.009%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.870	−0.011%	$732K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.920	+0.043%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.906	+0.028%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.905	+0.027%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	92.988	+0.116%	$3.1M	$2.9M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.893	+0.014%	$331K	$619K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.970	+0.097%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.874	−0.006%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.939	+0.064%	$274K	$872K	25x	as long as short
BloFin CL-USDT	+0.0168%	4h	92.900	+0.022%	$4.1M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.915	+0.038%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.10	+9.925%	$19K	$11K	30x	as long as short