CL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0082%/8h= −9.0% APRnext payment −$0.10 per $10,000 · paid last 24h −0.018%

Price spread now: Nado against Bullet+0.077%7-day average +0.023% · 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−$17as in the Price arb table

costs, in and out, $10k−$220.224% of the position

Long on Bullet Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.073%−$7 on $10k

Price spread, last 3 days (all we have)−0.040%−$4 · spread now +0.077%, 7d avg +0.023%

Together, before fees−0.113%+ Points / potential airdropNado: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.053% dearer against Bullet than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of +0.023%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet WTIOIL-USD	92.462	0	get 0.0000% / 1h	31m 35s	$19K	$242K	10x
Short	Nado WTI-PERP	92.533	−0.0082	pay 0.0010% / 1h	31m 35s	$932K	$732K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bullet. 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 BulletbpFee NadobpOrdersPrice spread, now +0.077%Rate

Funding earned: −$17.17
Price spread: +0.077% → +0.023%: $5.35
Slippage, 4 orders: −$7.41
Fee Bullet: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$34.24
Costs to cover: 0.224%
Break-even: never at this rate

Slippage from Bullet: live order book, 42 min ago; Nado: live order book, 42 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 Bullet live order book, 42 min ago	0.54 bp	6.3 bp −$6	17.2 bp −$172	doesn't fit	doesn't fit
Sell Nado live order book, 42 min ago	0.05 bp	3.7 bp −$4	8.2 bp −$82	28.6 bp −$2,863	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	−0.0356%	4h	92.460	−0.002%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0329%	4h	92.461	−0.001%	$24.0M	$80.2M	20x	as long as short
Binance CLUSDT	−0.0266%	4h	92.460	−0.002%	$245.2M	$1.07B	100x	as long as short
Variational Omni CL	−0.0254%	4h	92.451	−0.012%	$13.2M	$12.2M	—	as long as short
Gate CL_USDT	−0.0227%	8h	92.380	−0.089%	$21.3M	$54.9M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.481	+0.020%	$274K	$1.1M	25x	as long as short
Nado WTI-PERPshort	−0.0082%	1h	92.533	+0.077%	$932K	$732K	10x
Deribit WTIOIL_USDC-PERPETUAL	−0.0074%	1h	92.460	−0.002%	$96K	$189K	15x	as long as short
Ondo Perps WTI-USD.P	−0.0047%	1h	92.460	−0.002%	$3.5M	$6.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.467%	$399K	$960K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.450	−0.013%	$2.4M	$2.1M	10x	as long as short
tradeXYZ xyz:CL	−0.0021%	1h	92.474	+0.013%	$186.6M	$257.1M	20x	as long as short
Paradex CL-USD-PERP	−0.0011%	8h	92.446	−0.017%	$15K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	92.483	+0.023%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.479	+0.018%	$26.2M	$92.6M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.450	−0.013%	$43.0M	$111.1M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.579	+0.127%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.455	−0.007%	$42.1M	$50.9M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.530	+0.074%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USDlong	0.0000%	1h	92.462	long leg	$19K	$242K	10x
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.011	−0.488%	$5K	—	150x	as long as short
Lighter WTI	+0.0008%	1h	92.462	0.000%	$11.2M	$10.1M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.500	+0.041%	$2.3M	$27.1M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.370	−0.099%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.480	+0.020%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.466	+0.004%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.455	−0.007%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0066%	4h	92.484	+0.024%	$532K	$299K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.464	+0.002%	$354K	$596K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.491	+0.031%	$7.3M	$2.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.550	+0.095%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.429	−0.035%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.455	−0.007%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.56	+9.835%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.400	−0.067%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0278%	1h	92.463	+0.001%	$2K	$28K	5x	as long as short