CL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.11 per $10,000 · paid last 24h +0.018%

Price spread now: Bullet against Nado−0.025%7-day average −0.023% · 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−$23as in the Price arb table

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

Long on Nado Short on Bullet

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)−0.011%−$1 · spread now −0.025%, 7d avg −0.023%

Together, before fees+0.061%+ Points / potential airdropNado: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WTI-PERP	92.511	−0.0084	get 0.0011% / 1h	33m 15s	$932K	$732K	10x
Short	Bullet WTIOIL-USD	92.488	0	get 0.0000% / 1h	33m 15s	$19K	$242K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Nado. 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 NadobpFee BulletbpOrdersPrice spread, now −0.025%Rate

Funding earned: $17.69
Price spread: −0.025% → −0.023%: −$0.2
Slippage, 4 orders: −$7.41
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$4.93
Costs to cover: 0.224%
Break-even: 9.0 days

Slippage from Nado: live order book, 40 min ago; Bullet: live order book, 41 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 Nado live order book, 40 min ago	0.05 bp	5.9 bp −$6	9.2 bp −$92	31.1 bp −$3,110	doesn't fit
Sell Bullet live order book, 41 min ago	0.54 bp	6.5 bp −$6	17.7 bp −$177	doesn't fit	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	−0.056%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0327%	4h	92.489	−0.024%	$24.0M	$80.6M	20x	as long as short
Binance CLUSDT	−0.0265%	4h	92.490	−0.023%	$245.2M	$1.07B	100x	as long as short
Variational Omni CL	−0.0254%	4h	92.451	−0.066%	$13.2M	$12.2M	—	as long as short
Gate CL_USDT	−0.0225%	8h	92.430	−0.088%	$21.3M	$54.9M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.507	−0.005%	$274K	$1.1M	25x	as long as short
Nado WTI-PERPlong	−0.0084%	1h	92.511	long leg	$932K	$732K	10x
Deribit WTIOIL_USDC-PERPETUAL	−0.0074%	1h	92.500	−0.012%	$96K	$189K	15x	as long as short
Ondo Perps WTI-USD.P	−0.0045%	1h	92.430	−0.088%	$3.5M	$6.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.520%	$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	92.440	−0.077%	$2.4M	$2.1M	10x	as long as short
tradeXYZ xyz:CL	−0.0022%	1h	92.494	−0.019%	$186.5M	$256.6M	20x	as long as short
Paradex CL-USD-PERP	−0.0014%	8h	92.449	−0.067%	$15K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	92.483	−0.030%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.510	−0.002%	$26.2M	$92.6M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.480	−0.034%	$43.0M	$111.1M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.587	+0.081%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.481	−0.033%	$42.1M	$50.9M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.530	+0.020%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USDshort	0.0000%	1h	92.488	−0.025%	$19K	$242K	10x
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.047	−0.502%	$5K	—	150x	as long as short
Lighter WTI	+0.0008%	1h	92.489	−0.024%	$11.2M	$10.1M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.530	+0.020%	$2.3M	$27.1M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.370	−0.153%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.490	−0.023%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.472	−0.043%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.486	−0.028%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0066%	4h	92.484	−0.029%	$532K	$299K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.479	−0.035%	$354K	$596K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.500	−0.012%	$7.3M	$2.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.550	+0.042%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.450	−0.067%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.485	−0.029%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.56	+9.777%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.400	−0.120%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0287%	1h	92.452	−0.065%	$2K	$28K	5x	as long as short