CL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0055%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h +0.015%

Price spread now: Extended against QFEX+0.021%7-day average −0.010% · 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−$20as in the Price arb table

costs, in and out, $10k−$240.236% of the position

Long on QFEX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.206%+$21 on $10k

Price spread, last 7 days−0.055%−$6 · spread now +0.021%, 7d avg −0.010%

Together, before fees+0.151%+ Points / potential airdropExtended: Active · farm board+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.031% dearer against QFEX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CL-USD	93.670	−0.0023	get 0.0003% / 1h	31m 07s	$2.3M	$2.5M	10x
Short	Extended WTI-USD	93.690	0.0032	get 0.0004% / 1h	31m 07s	$2.0M	$15.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.021%Rate

Funding earned: $11.64
Price spread: +0.021% → −0.010%: $3.14
Slippage, 4 orders: −$8.61
Fee QFEX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$8.83
Costs to cover: 0.236%
Break-even: 12.3 days

Slippage from QFEX: live order book, 11 min ago; Extended: live order book, 3 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, 11 min ago	2.14 bp	8.8 bp −$9	9.2 bp −$92	10.8 bp −$1,079	doesn't fit
Sell Extended live order book, 3 min ago	0.05 bp	4.4 bp −$4	8.0 bp −$80	26.7 bp −$2,669	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	−0.0390%	1h	93.630	−0.043%	$197K	$383K	15x	as long as short
Aster CLUSD1	−0.0270%	4h	93.690	+0.021%	$24.6M	$65.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0256%	4h	93.710	+0.043%	$58K	$618K	25x	as long as short
Binance CLUSDT	−0.0146%	4h	93.670	0.000%	$247.2M	$917.6M	100x	as long as short
Aftermath Perps WTIUSD	−0.0142%	1h	93.683	+0.014%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.669	−0.001%	$283K	$960K	25x	as long as short
Variational Omni CL	−0.0136%	4h	93.679	+0.009%	$13.5M	$10.6M	—	as long as short
Ondo Perps WTI-USD.P	−0.0111%	1h	93.620	−0.053%	$3.5M	$5.4M	20x	as long as short
Gate CL_USDT	−0.0105%	8h	93.570	−0.107%	$22.4M	$49.2M	100x	as long as short
Bitget CLUSDT	−0.0100%	4h	93.632	−0.041%	$42.3M	$42.1M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0096%	4h	93.693	+0.025%	$527K	$306K	30x	as long as short
tradeXYZ xyz:CL	−0.0070%	1h	93.643	−0.029%	$185.0M	$206.7M	20x	as long as short
Nado WTI-PERP	−0.0054%	1h	93.707	+0.040%	$966K	$621K	10x	as long as short
QFEX CL-USDlong	−0.0023%	1h	93.670	long leg	$2.3M	$2.5M	10x
OKX CL-USDT-SWAP	−0.0014%	4h	93.650	−0.021%	$42.6M	$101.4M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.181%	$404K	$916K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.733	+0.067%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.662	−0.009%	$27.0M	$79.1M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.718	+0.052%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.760	+0.096%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.677	+0.007%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.188	−0.515%	$5K	—	150x	as long as short
Lighter WTI	+0.0024%	1h	93.643	−0.029%	$11.3M	$9.6M	20x	as long as short
Paradex CL-USD-PERP	+0.0027%	8h	93.642	−0.030%	$16K	$367	5x	as long as short
Extended WTI-USDshort	+0.0032%	1h	93.690	+0.021%	$2.0M	$15.7M	10x
StandX CL-USD	+0.0040%	1h	93.680	+0.011%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.670	0.000%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.662	−0.009%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.659	−0.012%	$2.1M	$61K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.657	−0.014%	$333K	$575K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.683	+0.014%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.690	+0.021%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.641	−0.031%	$4K	—	10x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.97	+9.932%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0224%	4h	93.660	−0.011%	$4.0M	$977K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0246% / S −0.0179%	1h	93.675	+0.005%	$84K	—	111x	as long as short