Settings8H · net · $10k
Funding arb · Price arb /

CL

RWAall CL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.05 per $10,000 · paid last 24h +0.007%
Price spread now: dYdX against QFEX+0.046%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and dYdX is 0.046% dearer against QFEX than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX CL-USD93.070−0.0043get 0.0005% / 1h37m 02s$2.5M$1.7M10x
ShortdYdX WTI-USD93.1130get 0.0000% / 1h37m 02s$8K$3K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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

Funding earned
$8.97
Price spread: +0.046% → 0.000%
$4.65
Slippage, 4 orders
no order book: not counted
Fee QFEX: 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$6.38
Costs to cover
0.200%
Break-even
12.0 days
Slippage unknown: QFEX: live order book, 10 min ago; dYdX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 10 min ago2.15 bp8.8 bp −$99.2 bp −$9210.7 bp −$1,074doesn't fit
Sell dYdX no order-book sample
dYdX: 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 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit WTIOIL_USDC-PERPETUAL−0.0609%1h93.0700.000%$199K$370K15xas long as short
Aster CLUSD1−0.0250%4h93.100+0.033%$24.0M$67.3M20xas long as short
GRVT CL_USDT_Perp−0.0242%4h93.158+0.094%$64K$648K25xas long as short
Kraken Futures PF_WTIOILUSD−0.0196%1h93.119+0.053%$274K$872K25xas long as short
Binance CLUSDT−0.0194%4h93.100+0.032%$244.7M$951.7M100xas long as short
Variational Omni CL−0.0183%4h93.158+0.094%$13.5M$11.0Mas long as short
Ondo Perps WTI-USD.P−0.0122%1h93.0700.000%$3.5M$5.6M20xas long as short
tradeXYZ xyz:CL−0.0110%1h93.093+0.025%$184.9M$215.6M20xas long as short
Aftermath Perps WTIUSD−0.0094%1h93.127+0.062%$2K$27K5xas long as short
Bitget CLUSDT−0.0090%4h93.089+0.020%$41.9M$43.9M100xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX CL-USDT-SWAP−0.0069%4h93.100+0.032%$42.6M$102.8M50xas long as short
Gate CL_USDT−0.0055%8h93.050−0.021%$20.9M$51.6M100xas long as short
Coinbase International WTIOIL-PERP-INTX−0.0048%1h92.750−0.344%$402K$944K15xas long as short
QFEX CL-USDlong−0.0043%1h93.070long leg$2.5M$1.7M10x
edgeX CLUSDC−0.0037%4h93.129+0.064%$530K$300K30xas long as short
Nado WTI-PERP−0.0033%1h93.132+0.067%$963K$653K10xas long as short
Lighter WTI−0.0016%1h93.099+0.031%$11.2M$10.5M20xas long as short
KuCoin CLUSDTM−0.0012%4h93.160+0.097%$7.1M$2.4M50xas long as short
dYdX WTI-USDshort0.0000%1h93.113+0.046%$8K$3K5x
Extended WTI-USD0.0000%1h93.140+0.075%$2.0M$21.1M10xas long as short
Bybit CLUSDT0.0000%8h93.100+0.032%$26.7M$80.8M150xas long as short
RISEx CL/USDC0.0000%1h93.155+0.091%$3.1M$2.9M20xas long as short
Phoenix WTIOIL0.0000%1h93.130+0.064%$37K$42K20xas long as short
Bullet WTIOIL-USD0.0000%1h93.109+0.042%$19K$242K10xas long as short
gTrade (Gains Network) WTI/USDL 0.0000% / S +0.0036%1h92.672−0.428%$5K150xas long as short
Paradex CL-USD-PERP+0.0013%8h93.061−0.010%$16K$3675xas long as short
StandX CL-USD+0.0040%1h93.140+0.075%$735K$2.9M40xas long as short
Vest CL-PERP+0.0046%1h93.110+0.043%$310K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h93.103+0.035%$1.7M$1.3M20xas long as short
SoDEX CL-USD+0.0050%1h93.095+0.027%$2.1M$60K20xas long as short
Pacifica CL+0.0068%1h93.067−0.003%$329K$621K10xas long as short
ApeX Omni CLUSDT+0.0100%1h93.100+0.032%$56K$266K50xas long as short
Aevo WTIOIL-PERP+0.0104%1h93.067−0.003%$4K10xas long as short
BloFin CL-USDT+0.0171%4h93.100+0.032%$4.0M$1.1M50xas long as short
GMX WTIOIL/USD [ETH-USDC]L +0.0213% / S −0.0140%1h93.095+0.027%$81K111xas long as short
Injective WTI/USDC PERP+0.0220%1h102.19+9.795%$19K$11K30xas long as short