Settings8H · net · $10k
Funding arb · Price arb /

CL

RWAall CL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.03 per $10,000 · paid last 24h +0.008%
Price spread now: dYdX against QFEX−0.007%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX CL-USD89.750−0.0025get 0.0003% / 1h26m 35s$2.2M$2.6M10x
ShortdYdX WTI-USD89.7440get 0.0000% / 1h26m 35s$8K$3K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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

Funding earned
$5.26
Price spread: −0.007% → 0.000%
−$0.71
Slippage, 4 orders
no order book: not counted
Fee QFEX: 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$15.45
Costs to cover
0.200%
Break-even
27.6 days
Slippage unknown: QFEX: live order book, 9 min ago; dYdX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 9 min ago2.22 bp7.2 bp −$77.2 bp −$728.7 bp −$868doesn't fit
Sell dYdX no order-book sample
dYdX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_WTIOILUSD−0.0340%1h89.807+0.063%$313K$1.8M25xas long as short
GRVT CL_USDT_Perp−0.0098%4h89.910+0.178%$61K$643K25xas long as short
Aftermath Perps WTIUSD−0.0096%1h89.797+0.052%$1K$26K5xas long as short
Aster CLUSD1−0.0092%4h89.792+0.047%$24.3M$72.3M20xas long as short
Bitget CLUSDT−0.0090%4h89.746−0.004%$40.9M$55.8M100xas long as short
Deribit WTIOIL_USDC-PERPETUAL−0.0084%1h89.840+0.100%$39K$651K15xas long as short
edgeX CLUSDC−0.0058%4h89.823+0.081%$496K$366K30xas long as short
tradeXYZ xyz:CL−0.0053%1h89.720−0.033%$165.9M$242.4M20xas long as short
Binance CLUSDT−0.0049%4h89.743−0.008%$240.8M$1.20B100xas long as short
Coinbase International WTIOIL-PERP-INTX−0.0040%1h89.650−0.111%$409K$1.4M15xas long as short
Show all 36 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps WTI-USD.P−0.0038%1h89.690−0.067%$3.4M$6.3M20xas long as short
Variational Omni CL−0.0034%4h89.864+0.127%$12.7M$11.2Mas long as short
Gate CL_USDT−0.0034%8h89.720−0.033%$23.1M$55.2M100xas long as short
Nado WTI-PERP−0.0028%1h89.850+0.112%$880K$688K10xas long as short
QFEX CL-USDlong−0.0025%1h89.750long leg$2.2M$2.6M10x
gTrade (Gains Network) WTI/USDL −0.0001% / S +0.0036%1h89.496−0.283%$609150xas long as short
dYdX WTI-USDshort0.0000%1h89.744−0.007%$8K$3K5x
Bybit CLUSDT0.0000%8h89.790+0.045%$27.8M$109.1M150xas long as short
OKX CL-USDT-SWAP0.0000%4h89.760+0.011%$40.3M$133.8M50xas long as short
RISEx CL/USDC0.0000%1h89.867+0.130%$2.8M$3.1M20xas long as short
Phoenix WTIOIL0.0000%1h89.850+0.111%$33K$39K20xas long as short
Bullet WTIOIL-USD0.0000%1h89.829+0.088%$17K$235K10xas long as short
Extended WTI-USD+0.0024%1h89.780+0.033%$1.4M$14.0M10xas long as short
Paradex CL-USD-PERP+0.0025%8h89.752+0.002%$15K$4585xas long as short
Lighter WTI+0.0032%1h89.765+0.017%$10.6M$10.7M20xas long as short
StandX CL-USD+0.0040%1h89.830+0.089%$693K$2.7M40xas long as short
Vest CL-PERP+0.0046%1h89.800+0.056%$313K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h89.776+0.029%$1.6M$1.4M20xas long as short
SoDEX CL-USD+0.0050%1h89.830+0.089%$2.0M$83K20xas long as short
Pacifica CL+0.0100%1h89.760+0.011%$301K$739K10xas long as short
KuCoin CLUSDTM+0.0100%4h89.759+0.010%$6.9M$3.0M50xas long as short
ApeX Omni CLUSDT+0.0100%1h89.850+0.111%$52K$267K50xas long as short
Aevo WTIOIL-PERP+0.0104%1h89.811+0.068%$4K10xas long as short
GMX WTIOIL/USD [ETH-USDC]L +0.0164% / S +0.0005%1h89.835+0.095%$75K111xas long as short
Injective WTI/USDC PERP+0.0220%1h90.137+0.431%$16K$5K30xas long as short
BloFin CL-USDT+0.0240%4h89.820+0.078%$3.9M$1.0M50xas long as short