CL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0977%/8h= +106.9% APRnext payment +$1.22 per $10,000 · paid last 24h +0.008%

Price spread now: RISEx against QFEX+0.107%7-day average +0.063% · 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−$210.212% of the position

Long on QFEX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.144%+$14 on $10k

Price spread, last 7 days0.000%$0 · spread now +0.107%, 7d avg +0.063%

Together, before fees+0.144%+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and RISEx is 0.043% dearer against QFEX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.063%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.144% in total (about 15.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.22 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	91.720	0	get 0.0000% / 1h	48m 18s	$2.4M	$2.7M	10x
Short	RISEx CL/USDC	91.818	0.0977	get 0.0122% / 1h	48m 18s	$3.2M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.107%Rate

Funding earned: $205.1
Price spread: +0.107% → +0.063%: $4.34
Slippage, 4 orders: −$5.23
Fee QFEX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $188.2
Costs to cover: 0.212%
Break-even: 0.6 days

Slippage from QFEX: live order book, 4 min ago; RISEx: live order book, 1 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	1.64 bp	6.6 bp −$7	6.6 bp −$66	8.0 bp −$799	doesn't fit
Sell RISEx live order book, 1 min ago	0.98 bp	4.0 bp −$4	5.8 bp −$58	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	−0.0403%	1h	91.760	+0.044%	$95K	$260K	15x	as long as short
ApeX Omni CLUSDT	−0.0383%	1h	91.740	+0.022%	$55K	$266K	50x	as long as short
Lighter WTI	−0.0344%	1h	91.743	+0.025%	$11.0M	$11.1M	20x	as long as short
tradeXYZ xyz:CL	−0.0232%	1h	91.744	+0.026%	$184.8M	$285.1M	20x	as long as short
Nado WTI-PERP	−0.0228%	1h	91.806	+0.093%	$906K	$757K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0218%	1h	91.680	−0.044%	$3.5M	$6.5M	20x	as long as short
Bullet WTIOIL-USD	−0.0193%	1h	91.712	−0.009%	$19K	$240K	10x	as long as short
Aftermath Perps WTIUSD	−0.0121%	1h	91.720	0.000%	$2K	$30K	5x	as long as short
Paradex CL-USD-PERP	−0.0076%	8h	91.663	−0.063%	$15K	$367	5x	as long as short
Polymarket Perps WTIOIL-USD	−0.0056%	1h	91.726	+0.007%	$1.6M	$1.4M	20x	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	−0.0016%	1h	91.810	+0.098%	$2.0M	$29.2M	10x	as long as short
Aster CLUSD1	0.0000%	4h	91.750	+0.033%	$23.9M	$78.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.787	+0.073%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.750	+0.033%	$245.0M	$1.13B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.760	+0.044%	$25.2M	$98.5M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.750	+0.033%	$43.0M	$114.7M	50x	as long as short
QFEX CL-USDlong	0.0000%	1h	91.720	long leg	$2.4M	$2.7M	10x
Gate CL_USDT	0.0000%	8h	91.670	−0.055%	$21.2M	$58.7M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.737	+0.019%	$42.0M	$64.3M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.707	−0.014%	$13.4M	$15.2M	—	as long as short
GRVT CL_USDT_Perp	0.0000%	4h	91.719	−0.001%	$58K	$734K	25x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.337	−0.418%	$86K	—	10x	as long as short
edgeX CLUSDC	+0.0009%	4h	91.726	+0.006%	$527K	$342K	30x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.820	+0.109%	$33K	$99K	20x	as long as short
StandX CL-USD	+0.0040%	1h	91.720	0.000%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	91.840	+0.131%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.745	+0.027%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	91.724	+0.004%	$331K	$572K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.708	−0.013%	$7.3M	$2.0M	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.715	−0.006%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	91.720	0.000%	$384K	$1.2M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	101.08	+10.203%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0211% / S −0.0127%	1h	91.715	−0.005%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.720	0.000%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0452%	1h	91.729	+0.010%	$256K	$1.2M	25x	as long as short
RISEx CL/USDCshort	+0.0977%	1h	91.818	+0.107%	$3.2M	$2.7M	20x