Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.025%

Price spread now: edgeX against Nado−0.053%62s7-day average −0.035% · 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—prices read too far apart to compare

costs, in and out, $10k−$390.386% of the position

Long on Nado Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 3 days (all we have)−0.008%−$1 · spread now −0.053%, 7d avg −0.035%

Together, before fees−0.002%+ Points / potential airdropNado: Active · edgeX: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.035%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WTI-PERP	92.533	−0.0082	get 0.0010% / 1h	32m 11s	$932K	$732K	10x
Short	edgeX CLUSDC	92.484	0.0066	get 0.0033% / 4h	3h 32m	$532K	$299K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.053%Rate

Funding earned: $31.05
Price spread: −0.053% → −0.035%: −$1.73
Slippage, 4 orders: −$22.56
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$9.24
Costs to cover: 0.386%
Break-even: 9.1 days

Slippage from Nado: live order book, 41 min ago; edgeX: 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, 41 min ago	0.05 bp	5.9 bp −$6	9.2 bp −$92	31.1 bp −$3,110	doesn't fit
Sell edgeX live order book, 41 min ago	9.98 bp	14.5 bp −$14	14.9 bp −$149	21.4 bp −$2,139	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	−0.079%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0328%	4h	92.460	−0.079%	$24.0M	$80.2M	20x	as long as short
Binance CLUSDT	−0.0265%	4h	92.454	−0.086%	$245.1M	$1.07B	100x	as long as short
Variational Omni CL	−0.0254%	4h	92.451	−0.089%	$13.2M	$12.2M	—	as long as short
Gate CL_USDT	−0.0229%	8h	92.380	−0.165%	$21.3M	$54.9M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.481	−0.057%	$274K	$1.1M	25x	as long as short
Nado WTI-PERPlong	−0.0082%	1h	92.533	long leg	$932K	$732K	10x
Deribit WTIOIL_USDC-PERPETUAL	−0.0074%	1h	92.460	−0.079%	$96K	$189K	15x	as long as short
Ondo Perps WTI-USD.P	−0.0044%	1h	92.460	−0.079%	$3.5M	$6.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.544%	$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	92.470	−0.068%	$2.4M	$2.1M	10x	as long as short
tradeXYZ xyz:CL	−0.0021%	1h	92.460	−0.079%	$186.6M	$257.1M	20x	as long as short
Paradex CL-USD-PERP	−0.0012%	8h	92.470	−0.069%	$15K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	92.483	−0.054%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.466	−0.072%	$26.2M	$92.6M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.450	−0.090%	$43.0M	$111.1M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.613	+0.087%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.458	−0.081%	$42.1M	$50.9M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.530	−0.003%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.462	−0.077%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.011	−0.564%	$5K	—	150x	as long as short
Lighter WTI	+0.0008%	1h	92.452	−0.087%	$11.2M	$10.1M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.490	−0.046%	$2.3M	$27.1M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.370	−0.176%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.480	−0.057%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.466	−0.072%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.455	−0.084%	$2.0M	$39K	20x	as long as short
edgeX CLUSDCshort	+0.0066%	4h	92.484	−0.053%	$532K	$299K	30x
Pacifica CL	+0.0100%	1h	92.499	−0.037%	$354K	$596K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.491	−0.045%	$7.3M	$2.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.550	+0.018%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.429	−0.112%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.455	−0.084%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.56	+9.751%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.400	−0.144%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0278%	1h	92.463	−0.076%	$2K	$28K	5x	as long as short