CL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.05 per $10,000 · paid last 24h −0.006%

Price spread now: tradeXYZ against QFEX+0.006%7-day average +0.004% · 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−$33as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on QFEX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.043%+$4 on $10k

Price spread, last 7 days−0.001%$0 · spread now +0.006%, 7d avg +0.004%

Together, before fees+0.041%+ Points / potential airdroptradeXYZ: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CL-USD	92.990	−0.0032	get 0.0004% / 1h	1m 15s	$2.5M	$1.7M	10x
Short	tradeXYZ xyz:CL	92.996	−0.0075	pay 0.0009% / 1h	1m 15s	$185.1M	$217.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$8.85
Price spread: +0.006% → +0.004%: $0.23
Slippage, 4 orders: −$4.73
Fee QFEX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$41.36
Costs to cover: 0.327%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; tradeXYZ: live order book, 9 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	1.61 bp	7.4 bp −$7	7.7 bp −$77	9.5 bp −$945	doesn't fit
Sell tradeXYZ live order book, 9 min ago	0.22 bp	9.2 bp −$9	9.8 bp −$98	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	−0.0610%	1h	92.950	−0.043%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0263%	4h	93.003	+0.015%	$24.0M	$68.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0248%	4h	93.052	+0.066%	$54K	$635K	25x	as long as short
Binance CLUSDT	−0.0206%	4h	92.984	−0.006%	$244.5M	$953.4M	100x	as long as short
Variational Omni CL	−0.0200%	4h	92.957	−0.036%	$13.5M	$11.2M	—	as long as short
Ondo Perps WTI-USD.P	−0.0163%	1h	92.960	−0.032%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0141%	1h	93.052	+0.067%	$962K	$653K	10x	as long as short
Extended WTI-USD	−0.0088%	1h	93.020	+0.032%	$2.1M	$22.0M	10x	as long as short
OKX CL-USDT-SWAP	−0.0083%	4h	93.000	+0.011%	$42.6M	$102.8M	50x	as long as short
tradeXYZ xyz:CLshort	−0.0075%	1h	92.996	+0.006%	$185.1M	$217.4M	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSD	−0.0066%	1h	93.023	+0.035%	$2K	$27K	5x	as long as short
Gate CL_USDT	−0.0061%	8h	92.940	−0.054%	$20.9M	$53.4M	100x	as long as short
edgeX CLUSDC	−0.0047%	4h	92.984	−0.006%	$529K	$302K	30x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.258%	$402K	$944K	15x	as long as short
Bitget CLUSDT	−0.0036%	4h	92.965	−0.027%	$42.0M	$43.6M	100x	as long as short
QFEX CL-USDlong	−0.0032%	1h	92.990	long leg	$2.5M	$1.7M	10x
Lighter WTI	0.0000%	1h	92.982	−0.009%	$11.2M	$10.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.099	+0.117%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.010	+0.022%	$26.8M	$80.9M	150x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.050	+0.065%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.999	+0.010%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.554	−0.469%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0006%	4h	93.022	+0.034%	$7.1M	$2.4M	50x	as long as short
Paradex CL-USD-PERP	+0.0011%	8h	92.987	−0.004%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.960	−0.032%	$733K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.030	+0.043%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.010	+0.022%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.980	−0.011%	$2.1M	$60K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	93.089	+0.107%	$3.1M	$2.9M	20x	as long as short
Pacifica CL	+0.0100%	1h	93.011	+0.023%	$331K	$619K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.000	+0.011%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.959	−0.033%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	93.012	+0.024%	$273K	$871K	25x	as long as short
BloFin CL-USDT	+0.0158%	4h	93.000	+0.011%	$4.1M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0209% / S −0.0134%	1h	92.985	−0.005%	$79K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.10	+9.795%	$19K	$11K	30x	as long as short