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: QFEX against SoDEX−0.044%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

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

Long on SoDEX Short on QFEX

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)+0.377%+$38 · spread now −0.044%, 7d avg +0.005%

Together, before fees+0.285%+$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and QFEX is 0.049% cheaper against SoDEX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.005%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX CL-USD	93.091	0.0050	pay 0.0006% / 1h	4m 19s	$2.1M	$60K	20x
Short	QFEX CL-USD	93.050	−0.0032	pay 0.0004% / 1h	4m 19s	$2.5M	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against SoDEX. 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 SoDEXbpFee QFEXbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$17.32
Price spread: −0.044% → +0.005%: −$4.88
Slippage, 4 orders: −$34.31
Fee SoDEX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$74.52
Costs to cover: 0.523%
Break-even: never at this rate

Slippage from SoDEX: live order book, 5 min ago; QFEX: 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 SoDEX live order book, 5 min ago	0.54 bp	19.6 bp −$20	84.9 bp −$849	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	1.61 bp	6.6 bp −$7	6.6 bp −$66	8.5 bp −$846	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	−0.0609%	1h	93.060	−0.033%	$199K	$369K	15x	as long as short
Aster CLUSD1	−0.0264%	4h	93.080	−0.012%	$24.0M	$68.1M	20x	as long as short
GRVT CL_USDT_Perp	−0.0246%	4h	92.885	−0.221%	$53K	$635K	25x	as long as short
Binance CLUSDT	−0.0207%	4h	93.099	+0.009%	$245.0M	$953.1M	100x	as long as short
Variational Omni CL	−0.0200%	4h	92.957	−0.144%	$13.5M	$11.2M	—	as long as short
Ondo Perps WTI-USD.P	−0.0165%	1h	93.000	−0.098%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0146%	1h	93.084	−0.008%	$962K	$654K	10x	as long as short
OKX CL-USDT-SWAP	−0.0083%	4h	93.100	+0.010%	$42.9M	$102.5M	50x	as long as short
Extended WTI-USD	−0.0080%	1h	93.140	+0.053%	$2.1M	$22.1M	10x	as long as short
tradeXYZ xyz:CL	−0.0074%	1h	93.103	+0.013%	$185.3M	$217.3M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSD	−0.0069%	1h	93.003	−0.095%	$2K	$27K	5x	as long as short
Gate CL_USDT	−0.0061%	8h	93.050	−0.044%	$20.9M	$53.2M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.366%	$402K	$944K	15x	as long as short
QFEX CL-USDshort	−0.0032%	1h	93.050	−0.044%	$2.5M	$1.7M	10x
edgeX CLUSDC	−0.0030%	4h	92.944	−0.158%	$529K	$302K	30x	as long as short
Bitget CLUSDT	−0.0028%	4h	93.102	+0.012%	$42.1M	$43.6M	100x	as long as short
Lighter WTI	0.0000%	1h	93.039	−0.056%	$11.2M	$10.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.014	−0.083%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.120	+0.031%	$26.7M	$81.0M	150x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.010	−0.087%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.103	+0.013%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.662	−0.461%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0006%	4h	93.073	−0.019%	$7.1M	$2.4M	50x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	93.032	−0.064%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.940	−0.162%	$733K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.090	−0.001%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.108	+0.018%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USDlong	+0.0050%	1h	93.091	long leg	$2.1M	$60K	20x
RISEx CL/USDC	+0.0066%	1h	93.153	+0.067%	$3.1M	$2.9M	20x	as long as short
Pacifica CL	+0.0100%	1h	93.041	−0.054%	$331K	$619K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.960	−0.141%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.060	−0.034%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	93.117	+0.028%	$274K	$871K	25x	as long as short
BloFin CL-USDT	+0.0159%	4h	93.000	−0.098%	$4.1M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0209% / S −0.0134%	1h	93.085	−0.006%	$79K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.10	+9.675%	$19K	$11K	30x	as long as short