CL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0016%/8h= −1.7% APRnext payment −$0.02 per $10,000 · paid last 24h −0.007%

Price spread now: QFEX against gTrade (Gains Network)+0.362%49s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 2 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. QFEX is 0.362% dearer against gTrade (Gains Network) than usual: you sell high and buy low (spread +0.362% now, against zero (this spread has no 7-day history yet)): +$36 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 3 months. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WTI/USD	89.576	L −0.0001% / S +0.0036%	get 0.0000% / 1h	53m 31s	$610	—	150x
Short	QFEX CL-USD	89.900	−0.0017	pay 0.0002% / 1h	53m 31s	$2.2M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee QFEXbpOrdersPrice spread, now +0.362%Rate

Funding earned: −$3.33
Price spread: +0.362% → 0.000%: $36.17
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: $14.84
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; QFEX: live order book, 3 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell QFEX live order book, 3 min ago	2.22 bp	8.3 bp −$8	8.3 bp −$83	9.5 bp −$950	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CL on 36 exchanges

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
Kraken Futures PF_WTIOILUSD	−0.0232%	1h	89.942	+0.409%	$307K	$1.9M	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0195%	1h	89.930	+0.395%	$39K	$644K	15x	as long as short
Aftermath Perps WTIUSD	−0.0142%	1h	89.715	+0.156%	$1K	$26K	5x	as long as short
tradeXYZ xyz:CL	−0.0123%	1h	89.909	+0.372%	$174.1M	$247.9M	20x	as long as short
GRVT CL_USDT_Perp	−0.0106%	4h	89.770	+0.217%	$67K	$645K	25x	as long as short
Bitget CLUSDT	−0.0094%	4h	89.916	+0.380%	$40.8M	$56.6M	100x	as long as short
Nado WTI-PERP	−0.0073%	1h	89.973	+0.443%	$888K	$704K	10x	as long as short
Aster CLUSD1	−0.0071%	4h	89.970	+0.440%	$24.4M	$72.4M	20x	as long as short
edgeX CLUSDC	−0.0048%	4h	89.892	+0.353%	$500K	$373K	30x	as long as short
Extended WTI-USD	−0.0040%	1h	89.960	+0.429%	$1.3M	$13.3M	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps WTI-USD.P	−0.0038%	1h	89.870	+0.328%	$3.4M	$6.4M	20x	as long as short
Binance CLUSDT	−0.0026%	4h	89.920	+0.384%	$243.9M	$1.20B	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0024%	1h	89.760	+0.205%	$416K	$1.5M	15x	as long as short
QFEX CL-USDshort	−0.0017%	1h	89.900	+0.362%	$2.2M	$2.9M	10x
Gate CL_USDT	−0.0015%	8h	89.850	+0.306%	$24.0M	$54.6M	100x	as long as short
Lighter WTI	−0.0008%	1h	89.909	+0.372%	$10.6M	$10.9M	20x	as long as short
gTrade (Gains Network) WTI/USDlong	L −0.0001% / S +0.0036%	1h	89.576	long leg	$610	—	150x
dYdX WTI-USD	0.0000%	1h	89.948	+0.415%	$9K	$4K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	89.950	+0.418%	$28.9M	$109.9M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	89.920	+0.384%	$40.6M	$134.6M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	89.981	+0.452%	$2.8M	$3.1M	20x	as long as short
Variational Omni CL	0.0000%	4h	89.821	+0.274%	$12.6M	$11.3M	—	as long as short
Phoenix WTIOIL	0.0000%	1h	89.790	+0.239%	$33K	$38K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	89.934	+0.400%	$17K	$234K	10x	as long as short
Paradex CL-USD-PERP	+0.0022%	8h	89.909	+0.371%	$15K	$458	5x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	90.137	+0.626%	$16K	$5K	30x	as long as short
StandX CL-USD	+0.0040%	1h	89.910	+0.373%	$693K	$2.7M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	89.930	+0.395%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	89.897	+0.358%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	89.932	+0.397%	$2.0M	$85K	20x	as long as short
Pacifica CL	+0.0100%	1h	89.929	+0.394%	$308K	$744K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	89.941	+0.407%	$6.8M	$3.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	89.760	+0.205%	$52K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	89.908	+0.371%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0159% / S +0.0007%	1h	89.935	+0.401%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	89.900	+0.362%	$3.9M	$1.1M	50x	as long as short