CL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.02 per $10,000 · paid last 24h +0.008%

Price spread now: Coinbase International against QFEX−0.161%7-day average −0.100% · 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−$37as in the Price arb table

costs, in and out, $10k−$300.305% of the position

Long on QFEX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.102%−$10 on $10k

Price spread, last 3 days (all we have)+0.113%+$11 · spread now −0.161%, 7d avg −0.100%

Together, before fees+0.011%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Coinbase International is 0.061% cheaper against QFEX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.100%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CL-USD	92.900	−0.0033	get 0.0004% / 1h	15m 44s	$2.5M	$1.7M	10x
Short	Coinbase International WTIOIL-PERP-INTX	92.750	−0.0048	pay 0.0006% / 1h	15m 44s	$402K	$946K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.161%Rate

Funding earned: −$3.06
Price spread: −0.161% → −0.100%: −$6.14
Slippage, 4 orders: −$10.46
Fee QFEX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$39.66
Costs to cover: 0.305%
Break-even: never at this rate

Slippage from QFEX: live order book, 2 min ago; Coinbase International: live order book, 28 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, 2 min ago	2.15 bp	7.2 bp −$7	7.2 bp −$72	8.8 bp −$879	doesn't fit
Sell Coinbase International live order book, 28 min ago	2.16 bp	8.7 bp −$9	10.0 bp −$100	doesn't fit	doesn't fit

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	92.880	−0.022%	$198K	$365K	15x	as long as short
Aster CLUSD1	−0.0283%	4h	92.998	+0.106%	$24.0M	$72.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0258%	4h	92.840	−0.065%	$53K	$631K	25x	as long as short
Binance CLUSDT	−0.0245%	4h	92.930	+0.032%	$245.0M	$976.8M	100x	as long as short
Variational Omni CL	−0.0240%	4h	92.898	−0.002%	$13.4M	$11.0M	—	as long as short
Gate CL_USDT	−0.0113%	8h	92.880	−0.022%	$20.9M	$53.9M	100x	as long as short
Nado WTI-PERP	−0.0068%	1h	92.973	+0.079%	$965K	$675K	10x	as long as short
Coinbase International WTIOIL-PERP-INTXshort	−0.0048%	1h	92.750	−0.161%	$402K	$946K	15x
tradeXYZ xyz:CL	−0.0046%	1h	92.932	+0.034%	$184.6M	$220.5M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.951	+0.055%	$274K	$884K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USDlong	−0.0033%	1h	92.900	long leg	$2.5M	$1.7M	10x
Ondo Perps WTI-USD.P	−0.0030%	1h	92.880	−0.022%	$3.5M	$5.7M	20x	as long as short
OKX CL-USDT-SWAP	−0.0017%	4h	92.930	+0.032%	$42.9M	$104.9M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.911	+0.012%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.960	+0.065%	$27.0M	$82.1M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.917	+0.018%	$42.0M	$43.9M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.920	+0.022%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.915	+0.016%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.458	−0.476%	$5K	—	150x	as long as short
Aftermath Perps WTIUSD	+0.0011%	1h	92.855	−0.048%	$2K	$28K	5x	as long as short
Paradex CL-USD-PERP	+0.0030%	8h	92.913	+0.015%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.933	+0.036%	$11.2M	$10.4M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.980	+0.086%	$2.1M	$24.3M	10x	as long as short
RISEx CL/USDC	+0.0037%	1h	93.042	+0.153%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.340	−0.603%	$726K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.920	+0.022%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.932	+0.034%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.915	+0.016%	$2.1M	$61K	20x	as long as short
edgeX CLUSDC	+0.0061%	4h	92.816	−0.090%	$528K	$303K	30x	as long as short
KuCoin CLUSDTM	+0.0078%	4h	92.969	+0.074%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.939	+0.042%	$332K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.840	−0.065%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.895	−0.006%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.915	+0.016%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.04	+9.834%	$19K	$11K	30x	as long as short