CL

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.023%

Price spread now: QFEX against SoDEX−0.056%7-day average +0.004% · 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−$63as in the Price arb table

costs, in and out, $10k−$570.574% of the position

Long on SoDEX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.100%−$10 on $10k

Price spread, last 4 days (all we have)+0.182%+$18 · spread now −0.056%, 7d avg +0.004%

Together, before fees+0.082%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and QFEX is 0.060% cheaper against SoDEX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.004%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX CL-USD	89.790	0.0050	pay 0.0006% / 1h	57m 04s	$2.0M	$85K	20x
Short	QFEX CL-USD	89.740	−0.0017	pay 0.0002% / 1h	57m 04s	$2.2M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against SoDEX. 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 SoDEXbpFee QFEXbpOrdersPrice spread, now −0.056%Rate

Funding earned: −$14.1
Price spread: −0.056% → +0.004%: −$5.95
Slippage, 4 orders: −$39.39
Fee SoDEX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$77.44
Costs to cover: 0.574%
Break-even: never at this rate

Slippage from SoDEX: live order book, 5 min ago; QFEX: live order book, 4 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 SoDEX live order book, 5 min ago	1.01 bp	21.2 bp −$21	91.9 bp −$919	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	2.24 bp	7.2 bp −$7	7.2 bp −$72	8.5 bp −$847	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
Kraken Futures PF_WTIOILUSD	−0.0232%	1h	89.798	+0.009%	$307K	$1.9M	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0195%	1h	89.790	0.000%	$39K	$646K	15x	as long as short
Aftermath Perps WTIUSD	−0.0146%	1h	89.541	−0.278%	$1K	$26K	5x	as long as short
tradeXYZ xyz:CL	−0.0133%	1h	89.746	−0.049%	$174.0M	$250.0M	20x	as long as short
GRVT CL_USDT_Perp	−0.0106%	4h	89.344	−0.497%	$67K	$645K	25x	as long as short
Bitget CLUSDT	−0.0092%	4h	89.749	−0.046%	$40.8M	$56.5M	100x	as long as short
edgeX CLUSDC	−0.0087%	4h	89.501	−0.321%	$498K	$375K	30x	as long as short
Nado WTI-PERP	−0.0075%	1h	89.794	+0.005%	$886K	$704K	10x	as long as short
Aster CLUSD1	−0.0070%	4h	89.790	0.000%	$24.3M	$72.3M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0024%	1h	89.760	−0.033%	$416K	$1.5M	15x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CLUSDT	−0.0022%	4h	89.770	−0.022%	$243.5M	$1.20B	100x	as long as short
QFEX CL-USDshort	−0.0017%	1h	89.740	−0.056%	$2.2M	$2.9M	10x
Extended WTI-USD	−0.0016%	1h	89.780	−0.011%	$1.3M	$13.3M	10x	as long as short
Gate CL_USDT	−0.0014%	8h	89.730	−0.067%	$24.0M	$54.4M	100x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.437	−0.393%	$609	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	89.830	+0.044%	$8K	$4K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	89.790	0.000%	$29.0M	$109.8M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	89.790	0.000%	$40.5M	$134.4M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	89.838	+0.053%	$2.8M	$3.1M	20x	as long as short
Variational Omni CL	0.0000%	4h	89.331	−0.511%	$12.5M	$11.3M	—	as long as short
Phoenix WTIOIL	0.0000%	1h	89.790	0.000%	$33K	$38K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	89.785	−0.006%	$17K	$235K	10x	as long as short
Paradex CL-USD-PERP	+0.0025%	8h	89.738	−0.057%	$15K	$458	5x	as long as short
Lighter WTI	+0.0032%	1h	89.768	−0.025%	$10.5M	$10.9M	20x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	90.137	+0.386%	$16K	$5K	30x	as long as short
Ondo Perps WTI-USD.P	+0.0034%	1h	89.750	−0.045%	$3.3M	$6.4M	20x	as long as short
StandX CL-USD	+0.0040%	1h	89.700	−0.100%	$691K	$2.7M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	89.760	−0.033%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	89.764	−0.029%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USDlong	+0.0050%	1h	89.790	long leg	$2.0M	$85K	20x
Pacifica CL	+0.0100%	1h	89.780	−0.011%	$307K	$744K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	89.792	+0.002%	$6.8M	$3.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	89.340	−0.501%	$52K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	89.775	−0.017%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0159% / S +0.0024%	1h	89.785	−0.006%	$71K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	89.760	−0.033%	$3.9M	$1.1M	50x	as long as short