CL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0073%/8h= +8.0% APRnext payment +$0.09 per $10,000 · paid last 24h +0.014%

Price spread now: StandX against QFEX−0.323%7-day average −0.007% · 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−$104as in the Price arb table

costs, in and out, $10k−$730.727% of the position

Long on QFEX Short on StandX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.036%+$4 on $10k

Price spread, last 7 days+0.322%+$32 · spread now −0.323%, 7d avg −0.007%

Together, before fees+0.358%+ Points / potential airdropStandX: Active · farm board+$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. StandX is 0.317% cheaper against QFEX than usual: you would sell low and buy high (spread −0.323% now, against its 7-day average of −0.007%). If the spread goes back, that is −$32 on $10k: about 14 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.036% in total) that is about 30 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CL-USD	92.750	−0.0033	get 0.0004% / 1h	57m 58s	$2.5M	$1.7M	10x
Short	StandX CL-USD	92.450	0.0040	get 0.0005% / 1h	57m 58s	$723K	$3.1M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.323%Rate

Funding earned: $15.42
Price spread: −0.323% → −0.007%: −$31.66
Slippage, 4 orders: −$54.69
Fee QFEX: 5 bp × 2 orders: −$10
Fee StandX: 4 bp × 2 orders: −$8
Net: −$88.92
Costs to cover: 0.727%
Break-even: 47.4 days

Slippage from QFEX: live order book, 9 min ago; StandX: live order book, 1 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, 9 min ago	1.62 bp	6.6 bp −$7	6.6 bp −$66	8.0 bp −$796	doesn't fit
Sell StandX live order book, 1 min ago	2.71 bp	6.7 bp −$7	45.4 bp −$454	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0719%	1h	92.760	+0.011%	$192K	$358K	15x	as long as short
GRVT CL_USDT_Perp	−0.0342%	4h	92.660	−0.097%	$58K	$630K	25x	as long as short
Aster CLUSD1	−0.0336%	4h	92.855	+0.114%	$24.0M	$75.0M	20x	as long as short
Binance CLUSDT	−0.0282%	4h	92.820	+0.075%	$244.9M	$1.02B	100x	as long as short
Variational Omni CL	−0.0273%	4h	92.659	−0.098%	$13.3M	$11.4M	—	as long as short
Gate CL_USDT	−0.0193%	8h	92.780	+0.032%	$21.2M	$52.2M	100x	as long as short
tradeXYZ xyz:CL	−0.0067%	1h	92.854	+0.112%	$186.5M	$234.7M	20x	as long as short
Nado WTI-PERP	−0.0065%	1h	92.837	+0.094%	$936K	$696K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.030	−0.776%	$399K	$956K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.833	+0.089%	$274K	$906K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USDlong	−0.0033%	1h	92.750	long leg	$2.5M	$1.7M	10x
Ondo Perps WTI-USD.P	−0.0023%	1h	92.730	−0.022%	$3.5M	$5.9M	20x	as long as short
OKX CL-USDT-SWAP	−0.0005%	4h	92.830	+0.086%	$43.0M	$108.6M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.832	+0.088%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.842	+0.099%	$26.5M	$86.7M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.815	+0.070%	$42.3M	$47.3M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.740	−0.011%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.795	+0.048%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.389	−0.389%	$5K	—	150x	as long as short
Lighter WTI	+0.0008%	1h	92.844	+0.101%	$11.2M	$10.0M	20x	as long as short
Paradex CL-USD-PERP	+0.0013%	8h	92.764	+0.015%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0016%	1h	92.860	+0.119%	$2.1M	$25.5M	10x	as long as short
edgeX CLUSDC	+0.0035%	4h	92.691	−0.064%	$533K	$300K	30x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.884	+0.144%	$3.3M	$2.7M	20x	as long as short
StandX CL-USDshort	+0.0040%	1h	92.450	−0.323%	$723K	$3.1M	40x
Vest CL-PERP	+0.0046%	1h	92.810	+0.065%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.790	+0.043%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.825	+0.081%	$2.1M	$58K	20x	as long as short
KuCoin CLUSDTM	+0.0076%	4h	92.848	+0.106%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.783	+0.035%	$355K	$605K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.780	+0.032%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.782	+0.034%	$4K	—	10x	as long as short
Aftermath Perps WTIUSD	+0.0107%	1h	92.738	−0.013%	$2K	$28K	5x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.815	+0.070%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.69	+9.639%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0237%	4h	92.680	−0.075%	$4.0M	$1.2M	50x	as long as short