CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0073%/8h= −8.0% APRnext payment −$0.09 per $10,000 · paid last 24h −0.010%

Price spread now: Nado against QFEX+0.083%7-day average +0.013% · 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−$19as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on QFEX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.034%−$3 on $10k

Price spread, last 7 days−0.099%−$10 · spread now +0.083%, 7d avg +0.013%

Together, before fees−0.133%+ Points / potential airdropNado: Active · farm board−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.070% dearer against QFEX than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of +0.013%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.2 days. At the pace of the last 4 days (−0.034% in total) that is about 7.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CL-USD	93.190	−0.0038	get 0.0005% / 1h	7m 44s	$2.3M	$2.4M	10x
Short	Nado WTI-PERP	93.268	−0.0110	pay 0.0014% / 1h	7m 44s	$955K	$614K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.083%Rate

Funding earned: −$15.26
Price spread: +0.083% → +0.013%: $7.01
Slippage, 4 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$34.25
Costs to cover: 0.260%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; Nado: live order book, 31 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, 5 min ago	1.61 bp	8.2 bp −$8	8.7 bp −$87	10.6 bp −$1,055	doesn't fit
Sell Nado live order book, 31 min ago	0.48 bp	5.0 bp −$5	8.7 bp −$87	27.0 bp −$2,699	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	−0.0393%	1h	93.250	+0.064%	$195K	$397K	15x	as long as short
Aster CLUSD1	−0.0259%	4h	93.303	+0.121%	$24.8M	$62.7M	20x	as long as short
GRVT CL_USDT_Perp	−0.0230%	4h	93.059	−0.141%	$77K	$622K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0209%	1h	93.289	+0.106%	$277K	$930K	25x	as long as short
Binance CLUSDT	−0.0142%	4h	93.261	+0.076%	$246.9M	$922.0M	100x	as long as short
Gate CL_USDT	−0.0137%	8h	93.180	−0.011%	$23.2M	$50.6M	100x	as long as short
Variational Omni CL	−0.0136%	4h	93.053	−0.147%	$13.5M	$10.6M	—	as long as short
Nado WTI-PERPshort	−0.0110%	1h	93.268	+0.083%	$955K	$614K	10x
Bitget CLUSDT	−0.0104%	4h	93.275	+0.091%	$42.3M	$41.5M	100x	as long as short
edgeX CLUSDC	−0.0089%	4h	93.053	−0.147%	$523K	$304K	30x	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	−0.0087%	1h	93.096	−0.100%	$1K	$26K	5x	as long as short
OKX CL-USDT-SWAP	−0.0073%	4h	93.270	+0.086%	$42.7M	$103.2M	50x	as long as short
QFEX CL-USDlong	−0.0038%	1h	93.190	long leg	$2.3M	$2.4M	10x
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.376%	$405K	$810K	15x	as long as short
tradeXYZ xyz:CL	−0.0015%	1h	93.285	+0.102%	$184.6M	$196.4M	20x	as long as short
Lighter WTI	−0.0008%	1h	93.240	+0.054%	$11.2M	$9.2M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0006%	1h	93.230	+0.043%	$3.6M	$5.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.288	+0.105%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.281	+0.098%	$27.0M	$79.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.271	+0.087%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.950	−0.258%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.266	+0.082%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.814	−0.403%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	93.257	+0.072%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.280	+0.097%	$1.7M	$15.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.120	−0.075%	$738K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.220	+0.032%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.257	+0.072%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.275	+0.091%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.276	+0.092%	$348K	$589K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.288	+0.105%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.120	−0.075%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.247	+0.061%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0162%	4h	93.070	−0.129%	$4.0M	$983K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.598%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0260% / S −0.0207%	1h	93.265	+0.080%	$84K	—	111x	as long as short