CL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0008%/8h= −0.8% APRnext payment −$0.01 per $10,000 · paid last 24h +0.007%

Price spread now: Coinbase International against QFEX−0.171%7-day average −0.103% · 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−$38as in the Price arb table

costs, in and out, $10k−$320.315% of the position

Long on QFEX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.102%−$10 on $10k

Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.171%, 7d avg −0.103%

Together, before fees−0.021%−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.068% cheaper against QFEX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CL-USD	93.320	−0.0032	get 0.0004% / 1h	52m 37s	$2.3M	$2.1M	10x
Short	Coinbase International WTIOIL-PERP-INTX	93.160	−0.0040	pay 0.0005% / 1h	52m 37s	$403K	$929K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.171%Rate

Funding earned: −$1.61
Price spread: −0.171% → −0.103%: −$6.85
Slippage, 4 orders: −$11.54
Fee QFEX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$40
Costs to cover: 0.315%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; Coinbase International: live order book, 36 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	3.21 bp	8.2 bp −$8	8.2 bp −$82	10.4 bp −$1,035	doesn't fit
Sell Coinbase International live order book, 36 min ago	1.07 bp	6.1 bp −$6	7.8 bp −$78	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	−0.0821%	1h	93.290	−0.032%	$197K	$372K	15x	as long as short
GRVT CL_USDT_Perp	−0.0340%	4h	93.316	−0.004%	$58K	$649K	25x	as long as short
Aster CLUSD1	−0.0294%	4h	93.361	+0.044%	$24.3M	$66.5M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.342	+0.023%	$282K	$961K	25x	as long as short
Binance CLUSDT	−0.0197%	4h	93.340	+0.021%	$246.4M	$936.5M	100x	as long as short
Variational Omni CL	−0.0180%	4h	93.309	−0.012%	$13.3M	$10.9M	—	as long as short
Ondo Perps WTI-USD.P	−0.0172%	1h	93.260	−0.064%	$3.5M	$5.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0135%	1h	93.334	+0.015%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0134%	4h	93.329	+0.010%	$42.1M	$43.1M	100x	as long as short
Nado WTI-PERP	−0.0129%	1h	93.411	+0.097%	$967K	$622K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0082%	1h	93.350	+0.032%	$184.6M	$215.4M	20x	as long as short
edgeX CLUSDC	−0.0077%	4h	93.325	+0.006%	$525K	$305K	30x	as long as short
Gate CL_USDT	−0.0074%	8h	93.290	−0.032%	$21.5M	$49.1M	100x	as long as short
OKX CL-USDT-SWAP	−0.0068%	4h	93.350	+0.032%	$42.6M	$102.5M	50x	as long as short
Coinbase International WTIOIL-PERP-INTXshort	−0.0040%	1h	93.160	−0.171%	$403K	$929K	15x
QFEX CL-USDlong	−0.0032%	1h	93.320	long leg	$2.3M	$2.1M	10x
Lighter WTI	−0.0016%	1h	93.347	+0.029%	$11.2M	$9.8M	20x	as long as short
Paradex CL-USD-PERP	−0.0012%	8h	93.333	+0.013%	$16K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	+0.010%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.360	+0.043%	$27.0M	$79.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.400	+0.085%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.370	+0.054%	$37K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.337	+0.018%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.907	−0.443%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0024%	1h	93.390	+0.075%	$2.0M	$18.1M	10x	as long as short
KuCoin CLUSDTM	+0.0030%	4h	93.365	+0.048%	$7.1M	$2.4M	50x	as long as short
StandX CL-USD	+0.0040%	1h	93.320	0.000%	$738K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.340	+0.021%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.352	+0.034%	$331K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.329	+0.010%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.331	+0.012%	$2.1M	$60K	20x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.290	−0.032%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.304	−0.017%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0173%	4h	93.300	−0.021%	$4.0M	$985K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.57	+9.914%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0229% / S −0.0159%	1h	93.335	+0.016%	$82K	—	111x	as long as short