CL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0082%/8h= +9.0% APRnext payment +$0.10 per $10,000 · paid last 24h +0.022%

Price spread now: SoDEX against QFEX+0.024%7-day average −0.005% · 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−$49as in the Price arb table

costs, in and out, $10k−$520.523% of the position

Long on QFEX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.092%+$9 on $10k

Price spread, last 4 days (all we have)−0.356%−$36 · spread now +0.024%, 7d avg −0.005%

Together, before fees−0.264%−$26 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 SoDEX is 0.028% dearer against QFEX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CL-USD	92.960	−0.0032	get 0.0004% / 1h	5m 03s	$2.5M	$1.7M	10x
Short	SoDEX CL-USD	92.982	0.0050	get 0.0006% / 1h	5m 03s	$2.1M	$60K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.024%Rate

Funding earned: $17.32
Price spread: +0.024% → −0.005%: $2.85
Slippage, 4 orders: −$34.31
Fee QFEX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$32.15
Costs to cover: 0.523%
Break-even: 20.0 days

Slippage from QFEX: live order book, 2 min ago; SoDEX: live order book, 4 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, 2 min ago	1.61 bp	7.4 bp −$7	7.7 bp −$77	9.5 bp −$945	doesn't fit
Sell SoDEX live order book, 4 min ago	0.54 bp	18.7 bp −$19	96.5 bp −$965	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	−0.0502%	1h	92.960	0.000%	$199K	$369K	15x	as long as short
Aster CLUSD1	−0.0263%	4h	92.990	+0.032%	$24.0M	$68.0M	20x	as long as short
GRVT CL_USDT_Perp	−0.0246%	4h	92.885	−0.080%	$53K	$635K	25x	as long as short
Binance CLUSDT	−0.0207%	4h	92.999	+0.042%	$244.8M	$952.8M	100x	as long as short
Variational Omni CL	−0.0200%	4h	92.957	−0.003%	$13.5M	$11.2M	—	as long as short
Ondo Perps WTI-USD.P	−0.0166%	1h	92.940	−0.022%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0147%	1h	93.049	+0.096%	$962K	$655K	10x	as long as short
OKX CL-USDT-SWAP	−0.0083%	4h	92.980	+0.022%	$42.8M	$102.3M	50x	as long as short
Extended WTI-USD	−0.0080%	1h	93.050	+0.097%	$2.1M	$22.1M	10x	as long as short
Aftermath Perps WTIUSD	−0.0075%	1h	92.967	+0.008%	$2K	$27K	5x	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	−0.0074%	1h	92.996	+0.039%	$184.4M	$216.9M	20x	as long as short
Gate CL_USDT	−0.0064%	8h	92.930	−0.032%	$20.9M	$53.2M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.226%	$402K	$944K	15x	as long as short
QFEX CL-USDlong	−0.0032%	1h	92.960	long leg	$2.5M	$1.7M	10x
edgeX CLUSDC	−0.0030%	4h	92.944	−0.017%	$529K	$302K	30x	as long as short
Bitget CLUSDT	−0.0024%	4h	92.990	+0.032%	$42.0M	$43.5M	100x	as long as short
Lighter WTI	0.0000%	1h	92.985	+0.027%	$11.2M	$10.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.014	+0.058%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.010	+0.054%	$26.6M	$80.9M	150x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.010	+0.054%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.980	+0.022%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.546	−0.445%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0006%	4h	92.992	+0.034%	$7.1M	$2.4M	50x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	92.982	+0.024%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.940	−0.022%	$733K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.000	+0.043%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.990	+0.032%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USDshort	+0.0050%	1h	92.982	+0.024%	$2.1M	$60K	20x
RISEx CL/USDC	+0.0066%	1h	93.076	+0.125%	$3.1M	$2.9M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.995	+0.037%	$331K	$619K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.960	0.000%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.952	−0.009%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	93.006	+0.049%	$274K	$872K	25x	as long as short
BloFin CL-USDT	+0.0159%	4h	93.000	+0.043%	$4.1M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0209% / S −0.0134%	1h	92.975	+0.016%	$79K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.10	+9.830%	$19K	$11K	30x	as long as short