CL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0117%/8h= −12.8% APRnext payment −$0.15 per $10,000 · paid last 24h −0.010%

Price spread now: Nado against QFEX+0.080%7-day average +0.009% · 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−$17as in the Price arb table

costs, in and out, $10k−$240.239% of the position

Long on QFEX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.030%−$3 on $10k

Price spread, last 7 days−0.166%−$17 · spread now +0.080%, 7d avg +0.009%

Together, before fees−0.196%+ Points / potential airdropNado: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.071% dearer against QFEX than usual: you sell high and buy low (spread +0.080% now, against its 7-day average of +0.009%): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.0 days. At the pace of the last 3 days (−0.030% in total) that is about 7.9 days.

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	8m 33s	$2.5M	$1.7M	10x
Short	Nado WTI-PERP	92.954	−0.0150	pay 0.0019% / 1h	8m 33s	$961K	$656K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.080%Rate

Funding earned: −$24.6
Price spread: +0.080% → +0.009%: $7.09
Slippage, 4 orders: −$6.94
Fee QFEX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$41.45
Costs to cover: 0.239%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; Nado: live order book, 55 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, 4 min ago	2.15 bp	7.2 bp −$7	7.2 bp −$72	8.9 bp −$889	doesn't fit
Sell Nado live order book, 55 min ago	0.05 bp	5.0 bp −$5	8.1 bp −$81	29.6 bp −$2,962	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	−0.0611%	1h	92.860	−0.022%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0263%	4h	92.900	+0.022%	$24.0M	$67.9M	20x	as long as short
GRVT CL_USDT_Perp	−0.0246%	4h	92.895	+0.017%	$53K	$635K	25x	as long as short
Binance CLUSDT	−0.0207%	4h	92.890	+0.011%	$244.6M	$951.4M	100x	as long as short
Variational Omni CL	−0.0197%	4h	92.897	+0.018%	$13.5M	$11.2M	—	as long as short
Ondo Perps WTI-USD.P	−0.0165%	1h	92.890	+0.011%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERPshort	−0.0150%	1h	92.954	+0.080%	$961K	$656K	10x
OKX CL-USDT-SWAP	−0.0080%	4h	92.890	+0.011%	$42.8M	$102.0M	50x	as long as short
tradeXYZ xyz:CL	−0.0073%	1h	92.895	+0.016%	$184.4M	$216.6M	20x	as long as short
Extended WTI-USD	−0.0072%	1h	92.940	+0.065%	$2.1M	$22.2M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0070%	8h	92.840	−0.043%	$20.9M	$53.1M	100x	as long as short
Aftermath Perps WTIUSD	−0.0066%	1h	92.913	+0.036%	$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	−0.0017%	4h	92.917	+0.040%	$529K	$302K	30x	as long as short
Bitget CLUSDT	−0.0014%	4h	92.878	−0.002%	$42.1M	$43.4M	100x	as long as short
Lighter WTI	0.0000%	1h	92.892	+0.013%	$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	92.893	+0.014%	$26.5M	$80.8M	150x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.950	+0.075%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.890	+0.011%	$18K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.464	−0.448%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0006%	4h	92.937	+0.061%	$7.3M	$2.4M	50x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	92.881	+0.001%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.930	+0.054%	$733K	$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	92.901	+0.023%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.885	+0.005%	$2.1M	$60K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	92.978	+0.106%	$3.1M	$2.9M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.891	+0.012%	$331K	$619K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.960	+0.086%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.863	−0.018%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.916	+0.039%	$273K	$872K	25x	as long as short
BloFin CL-USDT	+0.0164%	4h	92.910	+0.032%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.885	+0.005%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.10	+9.925%	$19K	$11K	30x	as long as short