CL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0097%/8h= +10.6% APRnext payment +$0.12 per $10,000 · paid last 24h +0.010%

Price spread now: QFEX against Nado−0.083%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$240.237% of the position

Long on Nado Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.031%+$3 on $10k

Price spread, last 7 days+0.146%+$15 · spread now −0.083%, 7d avg −0.011%

Together, before fees+0.177%+ Points / potential airdropNado: Active · farm board+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.073% cheaper against Nado than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of −0.011%). If the spread goes back, that is −$7 on $10k: about 2.5 days of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.031% in total) that is about 7.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WTI-PERP	93.258	−0.0130	get 0.0016% / 1h	43m 47s	$964K	$642K	10x
Short	QFEX CL-USD	93.180	−0.0033	pay 0.0004% / 1h	43m 47s	$2.3M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Nado. 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 NadobpFee QFEXbpOrdersPrice spread, now −0.083%Rate

Funding earned: $20.4
Price spread: −0.083% → −0.011%: −$7.27
Slippage, 4 orders: −$6.72
Fee Nado: 3.5 bp × 2 orders: −$7
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$10.59
Costs to cover: 0.237%
Break-even: 10.6 days

Slippage from Nado: live order book, 10 min ago; QFEX: live order book, 8 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 Nado live order book, 10 min ago	0.05 bp	6.1 bp −$6	9.0 bp −$90	30.9 bp −$3,088	doesn't fit
Sell QFEX live order book, 8 min ago	1.61 bp	6.6 bp −$7	6.6 bp −$66	8.3 bp −$828	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	−0.0608%	1h	93.160	−0.105%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0262%	4h	93.243	−0.016%	$24.1M	$67.0M	20x	as long as short
GRVT CL_USDT_Perp	−0.0192%	4h	93.168	−0.096%	$54K	$658K	25x	as long as short
Binance CLUSDT	−0.0173%	4h	93.230	−0.030%	$245.5M	$942.0M	100x	as long as short
Variational Omni CL	−0.0160%	4h	93.169	−0.096%	$13.4M	$10.8M	—	as long as short
Nado WTI-PERPlong	−0.0130%	1h	93.258	long leg	$964K	$642K	10x
Bitget CLUSDT	−0.0122%	4h	93.208	−0.053%	$42.0M	$43.3M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0118%	1h	93.110	−0.158%	$3.5M	$5.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0111%	1h	93.187	−0.076%	$2K	$27K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.192	−0.070%	$270K	$951K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0050%	8h	93.180	−0.083%	$21.0M	$50.9M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.190	−0.073%	$401K	$928K	15x	as long as short
OKX CL-USDT-SWAP	−0.0033%	4h	93.240	−0.019%	$42.7M	$102.9M	50x	as long as short
QFEX CL-USDshort	−0.0033%	1h	93.180	−0.083%	$2.3M	$1.8M	10x
KuCoin CLUSDTM	−0.0010%	4h	93.263	+0.006%	$7.1M	$2.4M	50x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.230	−0.030%	$37K	$41K	20x	as long as short
edgeX CLUSDC	−0.0005%	4h	93.232	−0.027%	$524K	$308K	30x	as long as short
tradeXYZ xyz:CL	−0.0003%	1h	93.232	−0.028%	$184.6M	$219.0M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.272	+0.016%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.240	−0.019%	$26.9M	$80.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.264	+0.007%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.206	−0.055%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.769	−0.524%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0016%	8h	93.218	−0.042%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.224	−0.036%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.270	+0.013%	$2.0M	$19.4M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.150	−0.116%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.220	−0.041%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.209	−0.052%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.200	−0.062%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.235	−0.025%	$331K	$597K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.280	+0.024%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.167	−0.098%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0205%	4h	93.200	−0.062%	$4.0M	$1.0M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0219% / S −0.0147%	1h	93.195	−0.067%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.17	+9.552%	$19K	$11K	30x	as long as short