CL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.022%

Price spread now: RISEx against QFEX+0.130%7-day average +0.063% · 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−$16as in the Price arb table

costs, in and out, $10k−$230.226% of the position

Long on QFEX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.157%+$16 on $10k

Price spread, last 7 days−0.044%−$4 · spread now +0.130%, 7d avg +0.063%

Together, before fees+0.113%+$11 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 RISEx is 0.066% dearer against QFEX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CL-USD	92.240	−0.0040	get 0.0005% / 1h	46m 05s	$2.4M	$2.2M	10x
Short	RISEx CL/USDC	92.360	0	get 0.0000% / 1h	46m 05s	$3.3M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.130%Rate

Funding earned: $8.37
Price spread: +0.130% → +0.063%: $6.61
Slippage, 4 orders: −$6.61
Fee QFEX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$7.63
Costs to cover: 0.226%
Break-even: 13.4 days

Slippage from QFEX: live order book, 6 min ago; RISEx: live order book, 3 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, 6 min ago	2.17 bp	7.2 bp −$7	7.2 bp −$72	9.1 bp −$913	doesn't fit
Sell RISEx live order book, 3 min ago	0.92 bp	4.4 bp −$4	5.4 bp −$54	doesn't fit	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
GRVT CL_USDT_Perp	−0.0532%	4h	92.209	−0.034%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0325%	4h	92.270	+0.033%	$23.9M	$80.3M	20x	as long as short
Gate CL_USDT	−0.0266%	8h	92.190	−0.054%	$21.3M	$54.5M	100x	as long as short
Binance CLUSDT	−0.0256%	4h	92.250	+0.011%	$244.8M	$1.08B	100x	as long as short
Variational Omni CL	−0.0246%	4h	92.241	+0.001%	$13.2M	$12.2M	—	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.291	+0.055%	$273K	$1.1M	25x	as long as short
Nado WTI-PERP	−0.0106%	1h	92.296	+0.061%	$925K	$733K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0090%	1h	92.200	−0.043%	$3.5M	$6.2M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0075%	1h	92.260	+0.022%	$96K	$189K	15x	as long as short
Bybit CLUSDT	−0.0054%	8h	92.250	+0.011%	$26.1M	$93.6M	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0043%	1h	92.266	+0.028%	$186.3M	$261.7M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.228%	$399K	$960K	15x	as long as short
QFEX CL-USDlong	−0.0040%	1h	92.240	long leg	$2.4M	$2.2M	10x
Paradex CL-USD-PERP	−0.0031%	8h	92.239	−0.001%	$15K	$367	5x	as long as short
Lighter WTI	−0.0024%	1h	92.256	+0.017%	$11.2M	$10.0M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.235	−0.005%	$8K	$3K	5x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.230	−0.011%	$42.9M	$111.2M	50x	as long as short
RISEx CL/USDCshort	0.0000%	1h	92.360	+0.130%	$3.3M	$2.7M	20x
Bitget CLUSDT	0.0000%	4h	92.239	−0.001%	$42.0M	$51.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.210	−0.033%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.258	+0.019%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.814	−0.462%	$5K	—	150x	as long as short
edgeX CLUSDC	+0.0020%	4h	92.197	−0.047%	$530K	$307K	30x	as long as short
Extended WTI-USD	+0.0032%	1h	92.290	+0.054%	$2.1M	$27.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.160	−0.087%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.280	+0.043%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.264	+0.026%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.249	+0.010%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.262	+0.024%	$353K	$596K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.275	+0.038%	$7.2M	$2.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.180	−0.065%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.221	−0.020%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.255	+0.016%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.38	+9.911%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.240	0.000%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0397%	1h	92.223	−0.018%	$2K	$29K	5x	as long as short