CL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.007%

Price spread now: QFEX against dYdX−0.038%54s7-day average — · you buy dearer than you sell

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

Long on dYdX Short on QFEX

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and QFEX is 0.038% cheaper against dYdX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 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	dYdX WTI-USD	93.496	0	get 0.0000% / 1h	25m 44s	$8K	$3K	5x
Short	QFEX CL-USD	93.460	−0.0032	pay 0.0004% / 1h	25m 44s	$2.3M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against dYdX. 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 dYdXbpFee QFEXbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$6.79
Price spread: −0.038% → 0.000%: −$3.8
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$30.59
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; QFEX: live order book, 2 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 dYdX no order-book sample	—	—	—	—	—
Sell QFEX live order book, 2 min ago	1.61 bp	6.6 bp −$7	6.6 bp −$66	8.3 bp −$833	doesn't fit

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 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	−0.0392%	1h	93.440	−0.059%	$197K	$374K	15x	as long as short
GRVT CL_USDT_Perp	−0.0320%	4h	93.424	−0.077%	$58K	$639K	25x	as long as short
Aster CLUSD1	−0.0302%	4h	93.551	+0.060%	$24.4M	$65.1M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.464	−0.034%	$285K	$960K	25x	as long as short
Binance CLUSDT	−0.0189%	4h	93.537	+0.044%	$246.8M	$932.8M	100x	as long as short
Variational Omni CL	−0.0182%	4h	93.450	−0.049%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0149%	1h	93.434	−0.066%	$2K	$26K	5x	as long as short
Nado WTI-PERP	−0.0133%	1h	93.484	−0.012%	$967K	$617K	10x	as long as short
Bitget CLUSDT	−0.0132%	4h	93.517	+0.023%	$42.1M	$42.9M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0117%	1h	93.400	−0.102%	$3.5M	$5.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0081%	4h	93.377	−0.127%	$525K	$305K	30x	as long as short
Gate CL_USDT	−0.0078%	8h	93.460	−0.038%	$21.8M	$49.7M	100x	as long as short
tradeXYZ xyz:CL	−0.0064%	1h	93.527	+0.034%	$185.1M	$214.9M	20x	as long as short
OKX CL-USDT-SWAP	−0.0058%	4h	93.530	+0.037%	$42.7M	$102.7M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.359%	$403K	$928K	15x	as long as short
QFEX CL-USDshort	−0.0032%	1h	93.460	−0.038%	$2.3M	$2.4M	10x
dYdX WTI-USDlong	0.0000%	1h	93.496	long leg	$8K	$3K	5x
Bybit CLUSDT	0.0000%	8h	93.543	+0.051%	$27.1M	$79.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.507	+0.012%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.380	−0.124%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.463	−0.034%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.005	−0.525%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0006%	8h	93.434	−0.066%	$16K	$367	5x	as long as short
Lighter WTI	+0.0008%	1h	93.530	+0.037%	$11.2M	$9.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.560	+0.069%	$2.0M	$17.3M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.440	−0.059%	$740K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.450	−0.049%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.454	−0.044%	$332K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.450	−0.049%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.460	−0.038%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0060%	4h	93.530	+0.037%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.500	+0.005%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.431	−0.069%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0179%	4h	93.490	−0.006%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.60	+9.741%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0237% / S −0.0169%	1h	93.455	−0.043%	$84K	—	111x	as long as short