CL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0253%/8h= −27.8% APRnext payment −$0.32 per $10,000 · paid last 24h −0.048%

Price spread now: QFEX against Injective−8.983%7-day average — · you buy dearer than you sell

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

Long on Injective Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 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 −$8 a day on $10k at the current rate, and QFEX is 8.983% cheaper against Injective than usual: you would sell low and buy high (−$898 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective WTI/USDC PERP	102.04	0.0220	pay 0.0028% / 1h	17m 51s	$19K	$11K	30x
Short	QFEX CL-USD	92.870	−0.0033	pay 0.0004% / 1h	17m 51s	$2.5M	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Injective. 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 InjectivebpFee QFEXbpOrdersPrice spread, now −8.983%Rate

Funding earned: −$53.22
Price spread: −8.983% → 0.000%: −$898.31
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$961.55
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; QFEX: live order book, 4 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 Injective no order-book sample	—	—	—	—	—
Sell QFEX live order book, 4 min ago	1.62 bp	7.4 bp −$7	7.7 bp −$77	9.4 bp −$940	doesn't fit

Injective: 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 35 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	−0.0503%	1h	92.870	−8.983%	$198K	$365K	15x	as long as short
Aster CLUSD1	−0.0297%	4h	92.949	−8.905%	$24.0M	$72.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0266%	4h	92.727	−9.123%	$53K	$631K	25x	as long as short
Binance CLUSDT	−0.0253%	4h	92.947	−8.908%	$244.7M	$977.3M	100x	as long as short
Variational Omni CL	−0.0250%	4h	92.718	−9.132%	$13.3M	$11.0M	—	as long as short
Gate CL_USDT	−0.0114%	8h	92.900	−8.954%	$20.9M	$53.8M	100x	as long as short
Nado WTI-PERP	−0.0066%	1h	92.942	−8.912%	$966K	$674K	10x	as long as short
tradeXYZ xyz:CL	−0.0048%	1h	92.951	−8.904%	$184.7M	$220.5M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−9.101%	$402K	$946K	15x	as long as short
Ondo Perps WTI-USD.P	−0.0039%	1h	92.840	−9.013%	$3.5M	$5.7M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.954	−8.901%	$274K	$884K	25x	as long as short
QFEX CL-USDshort	−0.0033%	1h	92.870	−8.983%	$2.5M	$1.7M	10x
OKX CL-USDT-SWAP	−0.0020%	4h	92.950	−8.905%	$42.9M	$105.2M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.911	−8.943%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.970	−8.885%	$26.9M	$82.2M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.939	−8.915%	$42.0M	$44.1M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.790	−9.062%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.909	−8.945%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.447	−9.398%	$5K	—	150x	as long as short
Aftermath Perps WTIUSD	+0.0017%	1h	92.811	−9.041%	$2K	$28K	5x	as long as short
Paradex CL-USD-PERP	+0.0028%	8h	92.875	−8.979%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.907	−8.947%	$11.2M	$10.4M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.970	−8.885%	$2.1M	$24.4M	10x	as long as short
RISEx CL/USDC	+0.0037%	1h	93.015	−8.841%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.430	−9.414%	$726K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.910	−8.944%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.909	−8.945%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.905	−8.949%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTM	+0.0074%	4h	92.949	−8.906%	$7.2M	$2.3M	50x	as long as short
edgeX CLUSDC	+0.0089%	4h	92.738	−9.113%	$533K	$298K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.902	−8.952%	$332K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.740	−9.111%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.866	−8.987%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.905	−8.949%	$78K	—	111x	as long as short
Injective WTI/USDC PERPlong	+0.0220%	1h	102.04	long leg	$19K	$11K	30x