Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.001%

Price spread now: QFEX against Bitget+0.006%7-day average −0.023% · 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−$27as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on Bitget Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 7 days−0.013%−$1 · spread now +0.006%, 7d avg −0.023%

Together, before fees−0.014%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and QFEX is 0.029% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CLUSDT	93.474	−0.0120	get 0.0060% / 4h	2h 01m	$42.2M	$42.7M	100x
Short	QFEX CL-USD	93.480	−0.0032	pay 0.0004% / 1h	1m 13s	$2.3M	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bitget. 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 BitgetbpFee QFEXbpOrdersPrice spread, now +0.006%Rate

Funding earned: $18.41
Price spread: +0.006% → −0.023%: $2.93
Slippage, 4 orders: −$8.3
Fee Bitget: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$8.96
Costs to cover: 0.303%
Break-even: 10.4 days

Slippage from Bitget: live order book, 3 min ago; QFEX: live order book, 6 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 Bitget live order book, 3 min ago	0.43 bp	7.1 bp −$7	9.7 bp −$97	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	2.14 bp	7.9 bp −$8	8.2 bp −$82	9.7 bp −$969	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	−0.0285%	1h	93.470	−0.004%	$196K	$377K	15x	as long as short
GRVT CL_USDT_Perp	−0.0274%	4h	93.348	−0.135%	$58K	$629K	25x	as long as short
Aster CLUSD1	−0.0274%	4h	93.513	+0.042%	$24.4M	$64.5M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.519	+0.048%	$286K	$959K	25x	as long as short
Binance CLUSDT	−0.0166%	4h	93.495	+0.023%	$246.3M	$930.7M	100x	as long as short
Variational Omni CL	−0.0163%	4h	93.349	−0.134%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0148%	1h	93.441	−0.035%	$2K	$26K	5x	as long as short
Bitget CLUSDTlong	−0.0120%	4h	93.474	long leg	$42.2M	$42.7M	100x
Nado WTI-PERP	−0.0101%	1h	93.519	+0.048%	$972K	$628K	10x	as long as short
Gate CL_USDT	−0.0083%	8h	93.430	−0.047%	$22.1M	$50.5M	100x	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	−0.0076%	1h	93.501	+0.029%	$185.0M	$212.3M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0074%	1h	93.440	−0.036%	$3.5M	$5.4M	20x	as long as short
edgeX CLUSDC	−0.0060%	4h	93.379	−0.102%	$525K	$306K	30x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.500	+0.028%	$404K	$931K	15x	as long as short
OKX CL-USDT-SWAP	−0.0034%	4h	93.490	+0.017%	$42.7M	$102.0M	50x	as long as short
QFEX CL-USDshort	−0.0032%	1h	93.480	+0.006%	$2.3M	$2.5M	10x
dYdX WTI-USD	0.0000%	1h	93.500	+0.028%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.507	+0.035%	$27.0M	$79.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.525	+0.054%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.480	+0.006%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.497	+0.024%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.058	−0.445%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0022%	8h	93.454	−0.021%	$16K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	93.489	+0.016%	$11.3M	$10.0M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.550	+0.081%	$2.0M	$16.5M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.450	−0.026%	$740K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.470	−0.004%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.476	+0.002%	$332K	$577K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.472	−0.002%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.490	+0.017%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.511	+0.040%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.440	−0.036%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.469	−0.005%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0205%	4h	93.470	−0.004%	$4.0M	$979K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.64	+9.811%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0241% / S −0.0175%	1h	93.515	+0.044%	$84K	—	111x	as long as short