Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0201%/8h= −22.0% APRpaid last 24h −0.041%

Price spread now: Nado against KuCoin+0.009%7-day average −0.022% · 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−$25as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on KuCoin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.130%−$13 on $10k

Price spread, last 7 days−0.079%−$8 · spread now +0.009%, 7d avg −0.022%

Together, before fees−0.209%+ Points / potential airdropNado: Active · farm board−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.030% dearer against KuCoin than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.022%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CLUSDTM	93.511	0.0100	pay 0.0050% / 4h	2h 01m	$7.1M	$2.4M	50x
Short	Nado WTI-PERP	93.519	−0.0101	pay 0.0013% / 1h	1m 15s	$972K	$628K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against KuCoin. 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 KuCoinbpFee NadobpOrdersPrice spread, now +0.009%Rate

Funding earned: −$42.24
Price spread: +0.009% → −0.022%: $3.02
Slippage, 4 orders: −$8.95
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$67.17
Costs to cover: 0.280%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; Nado: live order book, 47 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 KuCoin live order book, 7 min ago	1.12 bp	8.3 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 47 min ago	0.05 bp	4.5 bp −$5	8.4 bp −$84	28.1 bp −$2,808	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	−0.0285%	1h	93.470	−0.044%	$196K	$377K	15x	as long as short
GRVT CL_USDT_Perp	−0.0274%	4h	93.348	−0.174%	$58K	$629K	25x	as long as short
Aster CLUSD1	−0.0274%	4h	93.513	+0.003%	$24.4M	$64.5M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.519	+0.009%	$286K	$959K	25x	as long as short
Binance CLUSDT	−0.0166%	4h	93.495	−0.017%	$246.3M	$930.7M	100x	as long as short
Variational Omni CL	−0.0163%	4h	93.349	−0.174%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0148%	1h	93.441	−0.074%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0120%	4h	93.474	−0.040%	$42.2M	$42.7M	100x	as long as short
Nado WTI-PERPshort	−0.0101%	1h	93.519	+0.009%	$972K	$628K	10x
Gate CL_USDT	−0.0083%	8h	93.430	−0.087%	$22.1M	$50.5M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0076%	1h	93.501	−0.011%	$185.0M	$212.3M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0074%	1h	93.440	−0.076%	$3.5M	$5.4M	20x	as long as short
edgeX CLUSDC	−0.0060%	4h	93.379	−0.141%	$525K	$306K	30x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.500	−0.012%	$404K	$931K	15x	as long as short
OKX CL-USDT-SWAP	−0.0034%	4h	93.490	−0.022%	$42.7M	$102.0M	50x	as long as short
QFEX CL-USD	−0.0032%	1h	93.480	−0.033%	$2.3M	$2.5M	10x	as long as short
dYdX WTI-USD	0.0000%	1h	93.500	−0.011%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.507	−0.004%	$27.0M	$79.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.525	+0.015%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.480	−0.033%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.497	−0.015%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.058	−0.484%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0022%	8h	93.454	−0.061%	$16K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	93.489	−0.024%	$11.3M	$10.0M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.550	+0.042%	$2.0M	$16.5M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.450	−0.065%	$740K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.470	−0.044%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.476	−0.037%	$332K	$577K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.472	−0.042%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.490	−0.022%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTMlong	+0.0100%	4h	93.511	long leg	$7.1M	$2.4M	50x
ApeX Omni CLUSDT	+0.0100%	1h	93.440	−0.076%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.469	−0.045%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0205%	4h	93.470	−0.044%	$4.0M	$979K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.64	+9.768%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0241% / S −0.0175%	1h	93.515	+0.004%	$84K	—	111x	as long as short