CL

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0075%/8h= −8.2% APRnext payment −$0.09 per $10,000 · paid last 24h −0.022%

Price spread now: QFEX against Polymarket Perps−0.004%7-day average +0.006% · 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−$30as in the Price arb table

costs, in and out, $10k−$290.291% of the position

Long on Polymarket Perps Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.117%−$12 on $10k

Price spread, last 7 days+0.030%+$3 · spread now −0.004%, 7d avg +0.006%

Together, before fees−0.086%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps WTIOIL-USD	89.354	0.0050	pay 0.0006% / 1h	46m 46s	$1.6M	$1.4M	20x
Short	QFEX CL-USD	89.350	−0.0025	pay 0.0003% / 1h	46m 46s	$2.2M	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Polymarket Perps. 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 Polymarket PerpsbpFee QFEXbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$15.76
Price spread: −0.004% → +0.006%: −$1.02
Slippage, 4 orders: −$11.15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$45.93
Costs to cover: 0.291%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 5 min ago; QFEX: live order book, 4 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 Polymarket Perps live order book, 5 min ago	2.35 bp	8.5 bp −$8	9.6 bp −$96	13.6 bp −$1,365	doesn't fit
Sell QFEX live order book, 4 min ago	1.68 bp	7.5 bp −$8	7.8 bp −$78	9.6 bp −$964	doesn't fit

CL on 36 exchanges

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
Kraken Futures PF_WTIOILUSD	−0.0342%	1h	89.339	−0.016%	$319K	$1.8M	25x	as long as short
Aster CLUSD1	−0.0130%	4h	89.474	+0.135%	$24.3M	$71.8M	20x	as long as short
Bitget CLUSDT	−0.0110%	4h	89.425	+0.079%	$40.7M	$57.0M	100x	as long as short
GRVT CL_USDT_Perp	−0.0106%	4h	89.429	+0.084%	$66K	$632K	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0086%	1h	89.320	−0.038%	$42K	$653K	15x	as long as short
Binance CLUSDT	−0.0082%	4h	89.443	+0.100%	$240.8M	$1.21B	100x	as long as short
tradeXYZ xyz:CL	−0.0073%	1h	89.395	+0.046%	$167.1M	$244.7M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0068%	1h	89.370	+0.018%	$3.4M	$6.3M	20x	as long as short
Variational Omni CL	−0.0066%	4h	89.342	−0.013%	$12.6M	$11.3M	—	as long as short
Extended WTI-USD	−0.0064%	1h	89.440	+0.096%	$1.3M	$14.5M	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSD	−0.0062%	1h	89.464	+0.123%	$1K	$26K	5x	as long as short
Gate CL_USDT	−0.0051%	8h	89.380	+0.029%	$23.1M	$53.9M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	89.320	−0.038%	$408K	$1.5M	15x	as long as short
edgeX CLUSDC	−0.0037%	4h	89.403	+0.054%	$494K	$384K	30x	as long as short
QFEX CL-USDshort	−0.0025%	1h	89.350	−0.004%	$2.2M	$2.8M	10x
OKX CL-USDT-SWAP	−0.0024%	4h	89.430	+0.085%	$39.8M	$132.7M	50x	as long as short
Nado WTI-PERP	−0.0020%	1h	89.380	+0.029%	$871K	$689K	10x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	88.906	−0.501%	$605	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	89.540	+0.208%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	89.451	+0.109%	$26.9M	$109.1M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	89.457	+0.115%	$2.8M	$3.1M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	89.380	+0.029%	$32K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	89.336	−0.020%	$17K	$237K	10x	as long as short
Paradex CL-USD-PERP	+0.0016%	8h	89.415	+0.069%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	89.416	+0.069%	$10.5M	$10.4M	20x	as long as short
StandX CL-USD	+0.0040%	1h	89.420	+0.074%	$690K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	89.360	+0.007%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USDlong	+0.0050%	1h	89.354	long leg	$1.6M	$1.4M	20x
SoDEX CL-USD	+0.0050%	1h	89.322	−0.036%	$2.0M	$84K	20x	as long as short
Pacifica CL	+0.0100%	1h	89.425	+0.079%	$299K	$737K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	89.414	+0.067%	$6.9M	$3.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	89.320	−0.038%	$52K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	89.306	−0.053%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0165% / S −0.0004%	1h	89.325	−0.032%	$77K	—	111x	as long as short
BloFin CL-USDT	+0.0217%	4h	89.470	+0.130%	$3.9M	$1.1M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	90.137	+0.876%	$16K	$5K	30x	as long as short