CL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0565%/8h= −61.9% APRnext payment −$0.71 per $10,000 · paid last 24h −0.022%

Price spread now: Deribit against QFEX0.000%7-day average +0.019% · 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−$29as in the Price arb table

costs, in and out, $10k−$270.269% of the position

Long on QFEX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.167%−$17 · spread now 0.000%, 7d avg +0.019%

Together, before fees−0.147%−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: −$17 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.020% in total (about 2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.71 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CL-USD	93.140	−0.0043	get 0.0005% / 1h	41m 38s	$2.5M	$1.7M	10x
Short	Deribit WTIOIL_USDC-PERPETUAL	93.140	−0.0608	pay 0.0076% / 1h	41m 38s	$199K	$370K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$118.75
Price spread: 0.000% → +0.019%: −$1.93
Slippage, 4 orders: −$9.91
Fee QFEX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$147.59
Costs to cover: 0.269%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; Deribit: live order book, 17 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, 6 min ago	2.15 bp	8.8 bp −$9	9.2 bp −$92	10.7 bp −$1,074	doesn't fit
Sell Deribit live order book, 17 min ago	0.54 bp	6.2 bp −$6	7.5 bp −$75	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-PERPETUALshort	−0.0608%	1h	93.140	0.000%	$199K	$370K	15x
Aster CLUSD1	−0.0248%	4h	93.170	+0.032%	$24.0M	$67.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0244%	4h	93.140	0.000%	$54K	$635K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0195%	1h	93.203	+0.068%	$274K	$872K	25x	as long as short
Binance CLUSDT	−0.0192%	4h	93.159	+0.021%	$245.0M	$951.0M	100x	as long as short
Variational Omni CL	−0.0184%	4h	93.098	−0.045%	$13.5M	$11.0M	—	as long as short
tradeXYZ xyz:CL	−0.0109%	1h	93.152	+0.013%	$184.9M	$216.3M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0102%	1h	93.100	−0.043%	$3.5M	$5.6M	20x	as long as short
Aftermath Perps WTIUSD	−0.0092%	1h	93.179	+0.042%	$2K	$27K	5x	as long as short
Bitget CLUSDT	−0.0080%	4h	93.156	+0.017%	$42.0M	$43.8M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0067%	4h	93.170	+0.032%	$42.6M	$102.9M	50x	as long as short
Gate CL_USDT	−0.0049%	8h	93.120	−0.021%	$20.9M	$51.4M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.419%	$402K	$944K	15x	as long as short
QFEX CL-USDlong	−0.0043%	1h	93.140	long leg	$2.5M	$1.7M	10x
edgeX CLUSDC	−0.0041%	4h	93.173	+0.036%	$530K	$299K	30x	as long as short
Nado WTI-PERP	−0.0029%	1h	93.211	+0.076%	$963K	$653K	10x	as long as short
Lighter WTI	−0.0008%	1h	93.155	+0.016%	$11.2M	$10.5M	20x	as long as short
Extended WTI-USD	−0.0008%	1h	93.200	+0.064%	$2.1M	$21.2M	10x	as long as short
KuCoin CLUSDTM	−0.0002%	4h	93.170	+0.032%	$7.1M	$2.4M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	93.188	+0.052%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.181	+0.044%	$26.8M	$80.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.234	+0.101%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.200	+0.064%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.187	+0.051%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.745	−0.424%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0016%	8h	93.147	+0.007%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	93.160	+0.021%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.190	+0.054%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.175	+0.038%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.189	+0.053%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	93.159	+0.020%	$329K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.210	+0.075%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.168	+0.030%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0171%	4h	93.200	+0.064%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0210% / S −0.0134%	1h	93.185	+0.048%	$79K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.31	+9.848%	$19K	$11K	30x	as long as short