CL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0125%/8h= +13.6% APRnext payment +$0.16 per $10,000 · paid last 24h −0.011%

Price spread now: Nado against Deribit+0.107%7-day average +0.015% · 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−$14as in the Price arb table

costs, in and out, $10k−$240.236% of the position

Long on Deribit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.068%−$7 on $10k

Price spread, last 3 days (all we have)+0.060%+$6 · spread now +0.107%, 7d avg +0.015%

Together, before fees−0.008%+ Points / potential airdropNado: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Nado is 0.092% dearer against Deribit than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.015%. Mind the row above: over the last 3 days funding on this pair cost −0.068%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WTIOIL_USDC-PERPETUAL	92.000	−0.0293	get 0.0037% / 1h	19m 27s	$95K	$208K	15x
Short	Nado WTI-PERP	92.098	−0.0169	pay 0.0021% / 1h	19m 27s	$923K	$748K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Deribit. 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 DeribitbpFee NadobpOrdersPrice spread, now +0.107%Rate

Funding earned: $26.16
Price spread: +0.107% → +0.015%: $9.16
Slippage, 4 orders: −$9.55
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $11.77
Costs to cover: 0.236%
Break-even: 3.9 days

Slippage from Deribit: live order book, 64 min ago; Nado: live order book, 64 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 Deribit live order book, 64 min ago	0.54 bp	4.0 bp −$4	5.9 bp −$59	doesn't fit	doesn't fit
Sell Nado live order book, 64 min ago	0.05 bp	6.7 bp −$7	15.9 bp −$159	55.8 bp −$5,581	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
Lighter WTI	−0.0312%	1h	91.973	−0.029%	$11.1M	$11.4M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUALlong	−0.0293%	1h	92.000	long leg	$95K	$208K	15x
Aftermath Perps WTIUSD	−0.0184%	1h	91.997	−0.004%	$2K	$30K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0172%	1h	92.020	+0.022%	$3.5M	$6.4M	20x	as long as short
Nado WTI-PERPshort	−0.0169%	1h	92.098	+0.107%	$923K	$748K	10x
GRVT CL_USDT_Perp	−0.0164%	4h	91.950	−0.054%	$58K	$715K	25x	as long as short
tradeXYZ xyz:CL	−0.0145%	1h	92.003	+0.003%	$185.2M	$279.9M	20x	as long as short
Bullet WTIOIL-USD	−0.0126%	1h	91.994	−0.007%	$18K	$240K	10x	as long as short
Paradex CL-USD-PERP	−0.0106%	8h	92.001	+0.001%	$15K	$367	5x	as long as short
Aster CLUSD1	−0.0104%	4h	92.027	+0.030%	$23.9M	$78.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps WTIOIL-USD	−0.0005%	1h	92.007	+0.008%	$1.6M	$1.4M	20x	as long as short
Binance CLUSDT	−0.0004%	4h	91.981	−0.020%	$245.5M	$1.12B	100x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.117%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.005	+0.005%	$25.5M	$97.5M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.990	−0.011%	$43.2M	$114.1M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.980	−0.022%	$2.4M	$2.6M	10x	as long as short
Gate CL_USDT	0.0000%	8h	91.940	−0.065%	$21.3M	$59.2M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.989	−0.012%	$42.2M	$53.7M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.944	−0.061%	$13.4M	$13.4M	—	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.575	−0.462%	$4K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.040	+0.043%	$37K	$99K	20x	as long as short
Extended WTI-USD	+0.0016%	1h	92.060	+0.065%	$2.0M	$28.9M	10x	as long as short
StandX CL-USD	+0.0018%	1h	91.960	−0.043%	$723K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.100	+0.109%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.971	−0.032%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0062%	4h	91.969	−0.033%	$529K	$341K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.022	+0.024%	$332K	$579K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.029	+0.032%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	91.970	−0.033%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.973	−0.030%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	91.920	−0.087%	$397K	$1.2M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	100.99	+9.775%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	91.985	−0.016%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.950	−0.054%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0450%	1h	91.996	−0.004%	$260K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	92.118	+0.128%	$3.2M	$2.7M	20x	as long as short