CL

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0013%/8h= +1.4% APRnext payment +$0.02 per $10,000 · paid last 24h −0.018%

Price spread now: Nado against Coinbase International+0.182%7-day average +0.140% · 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−$27as in the Price arb table

costs, in and out, $10k−$310.310% of the position

Long on Coinbase International Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.064%+$6 on $10k

Price spread, last 4 days (all we have)−0.025%−$3 · spread now +0.182%, 7d avg +0.140%

Together, before fees+0.039%+ Points / potential airdropNado: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Nado is 0.043% dearer against Coinbase International than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.140%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WTIOIL-PERP-INTX	89.650	−0.0040	get 0.0005% / 1h	28m 43s	$409K	$1.4M	15x
Short	Nado WTI-PERP	89.813	−0.0027	pay 0.0003% / 1h	28m 43s	$876K	$687K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Coinbase International. 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 Coinbase InternationalbpFee NadobpOrdersPrice spread, now +0.182%Rate

Funding earned: $2.74
Price spread: +0.182% → +0.140%: $4.26
Slippage, 4 orders: −$13.99
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$23.99
Costs to cover: 0.310%
Break-even: 68.3 days

Slippage from Coinbase International: live order book, 3 min ago; Nado: live order book, 18 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 Coinbase International live order book, 3 min ago	2.22 bp	7.2 bp −$7	9.7 bp −$97	doesn't fit	doesn't fit
Sell Nado live order book, 18 min ago	1.34 bp	6.7 bp −$7	19.0 bp −$190	44.1 bp −$4,409	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	−0.0341%	1h	89.781	+0.146%	$315K	$1.8M	25x	as long as short
GRVT CL_USDT_Perp	−0.0098%	4h	89.910	+0.290%	$61K	$643K	25x	as long as short
Aster CLUSD1	−0.0097%	4h	89.860	+0.234%	$24.3M	$72.5M	20x	as long as short
Aftermath Perps WTIUSD	−0.0096%	1h	89.806	+0.174%	$1K	$26K	5x	as long as short
Bitget CLUSDT	−0.0092%	4h	89.840	+0.212%	$40.9M	$55.7M	100x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0084%	1h	89.790	+0.156%	$39K	$651K	15x	as long as short
edgeX CLUSDC	−0.0074%	4h	89.943	+0.327%	$497K	$366K	30x	as long as short
Binance CLUSDT	−0.0055%	4h	89.830	+0.201%	$241.1M	$1.20B	100x	as long as short
tradeXYZ xyz:CL	−0.0055%	1h	89.807	+0.175%	$166.3M	$241.4M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0048%	1h	89.750	+0.112%	$3.4M	$6.3M	20x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International WTIOIL-PERP-INTXlong	−0.0040%	1h	89.650	long leg	$409K	$1.4M	15x
Gate CL_USDT	−0.0036%	8h	89.830	+0.201%	$23.2M	$55.1M	100x	as long as short
Variational Omni CL	−0.0034%	4h	89.864	+0.239%	$12.7M	$11.2M	—	as long as short
Nado WTI-PERPshort	−0.0027%	1h	89.813	+0.182%	$876K	$687K	10x
QFEX CL-USD	−0.0025%	1h	89.770	+0.134%	$2.2M	$2.6M	10x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.560	−0.100%	$609	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	89.879	+0.256%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	89.850	+0.223%	$27.8M	$109.2M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	89.840	+0.212%	$40.3M	$133.9M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	89.922	+0.304%	$2.8M	$3.1M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	89.940	+0.323%	$33K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	89.797	+0.164%	$16K	$235K	10x	as long as short
Extended WTI-USD	+0.0008%	1h	89.840	+0.212%	$1.4M	$14.0M	10x	as long as short
Paradex CL-USD-PERP	+0.0024%	8h	89.812	+0.180%	$15K	$458	5x	as long as short
Lighter WTI	+0.0032%	1h	89.817	+0.186%	$10.6M	$10.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	89.820	+0.190%	$693K	$2.7M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	89.770	+0.134%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	89.720	+0.078%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	89.790	+0.156%	$2.0M	$83K	20x	as long as short
Pacifica CL	+0.0100%	1h	89.824	+0.194%	$301K	$739K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	89.823	+0.193%	$6.9M	$3.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	89.930	+0.312%	$52K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	89.762	+0.124%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0164% / S +0.0005%	1h	89.795	+0.162%	$75K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	90.137	+0.543%	$16K	$5K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	89.780	+0.145%	$3.8M	$1.0M	50x	as long as short