CL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.02 per $10,000 · paid last 24h +0.007%

Price spread now: Bullet against QFEX+0.173%50s7-day average +0.015% · 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—prices read too far apart to compare

costs, in and out, $10k−$270.268% of the position

Long on QFEX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.048%+$5 on $10k

Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.173%, 7d avg +0.015%

Together, before fees−0.090%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bullet is 0.158% dearer against QFEX than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.015%. The two prices were read 50 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	QFEX CL-USD	90.290	−0.0017	get 0.0002% / 1h	44m 32s	$2.2M	$3.0M	10x
Short	Bullet WTIOIL-USD	90.446	0	get 0.0000% / 1h	44m 32s	$18K	$234K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.173%Rate

Funding earned: $3.6
Price spread: +0.173% → +0.015%: $15.81
Slippage, 4 orders: −$8.84
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$7.43
Costs to cover: 0.268%
Break-even: 21.5 days

Slippage from QFEX: live order book, 7 min ago; Bullet: live order book, 63 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, 7 min ago	1.67 bp	6.7 bp −$7	6.7 bp −$67	7.5 bp −$753	17.5 bp −$8,757
Sell Bullet live order book, 63 min ago	0.56 bp	6.7 bp −$7	18.2 bp −$182	doesn't fit	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0413%	1h	90.410	+0.133%	$38K	$641K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0230%	1h	90.447	+0.174%	$314K	$2.2M	25x	as long as short
Aftermath Perps WTIUSD	−0.0151%	1h	90.260	−0.033%	$1K	$26K	5x	as long as short
tradeXYZ xyz:CL	−0.0135%	1h	90.335	+0.050%	$175.1M	$254.4M	20x	as long as short
GRVT CL_USDT_Perp	−0.0116%	4h	90.244	−0.051%	$68K	$645K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0106%	1h	90.250	−0.044%	$3.4M	$6.7M	20x	as long as short
Bitget CLUSDT	−0.0100%	4h	90.324	+0.038%	$40.6M	$59.5M	100x	as long as short
Aster CLUSD1	−0.0078%	4h	90.370	+0.089%	$24.5M	$73.5M	20x	as long as short
Nado WTI-PERP	−0.0077%	1h	90.370	+0.088%	$891K	$710K	10x	as long as short
Extended WTI-USD	−0.0056%	1h	90.350	+0.066%	$1.3M	$14.0M	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0037%	4h	90.332	+0.047%	$503K	$374K	30x	as long as short
Binance CLUSDT	−0.0034%	4h	90.320	+0.033%	$247.0M	$1.24B	100x	as long as short
Gate CL_USDT	−0.0033%	8h	90.230	−0.066%	$23.8M	$56.4M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0024%	1h	90.620	+0.365%	$442K	$1.9M	15x	as long as short
QFEX CL-USDlong	−0.0017%	1h	90.290	long leg	$2.2M	$3.0M	10x
Variational Omni CL	−0.0015%	4h	90.492	+0.224%	$12.6M	$11.3M	—	as long as short
Phoenix WTIOIL	−0.0009%	1h	90.520	+0.255%	$33K	$38K	20x	as long as short
Lighter WTI	−0.0008%	1h	90.283	−0.008%	$10.6M	$11.2M	20x	as long as short
OKX CL-USDT-SWAP	−0.0006%	4h	90.340	+0.055%	$40.5M	$140.9M	50x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	90.093	−0.218%	$613	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	90.344	+0.060%	$9K	$4K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	90.340	+0.055%	$29.2M	$114.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.380	+0.100%	$2.8M	$3.1M	20x	as long as short
Bullet WTIOIL-USDshort	0.0000%	1h	90.446	+0.173%	$18K	$234K	10x
Paradex CL-USD-PERP	+0.0012%	8h	90.287	−0.003%	$15K	$458	5x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	90.137	−0.169%	$16K	$5K	30x	as long as short
StandX CL-USD	+0.0040%	1h	90.300	+0.011%	$696K	$2.7M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	90.370	+0.089%	—	$315K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	90.307	+0.019%	$1.7M	$1.5M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	90.410	+0.133%	$2.0M	$87K	20x	as long as short
Pacifica CL	+0.0100%	1h	90.308	+0.020%	$317K	$758K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	90.348	+0.064%	$6.7M	$3.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	90.520	+0.255%	$53K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	90.406	+0.128%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0158% / S +0.0008%	1h	90.445	+0.172%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	90.520	+0.255%	$3.9M	$1.0M	50x	as long as short