Settings8H · net · $10k
Funding arb · Price arb /

CL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0012%/8h= −1.3% APRnext payment $0.01 per $10,000 · paid last 24h +0.008%
Price spread now: gTrade (Gains Network) against Nado−0.459%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 2 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropNado: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and gTrade (Gains Network) is 0.459% cheaper against Nado than usual: you would sell low and buy high (−$46 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado WTI-PERP89.419−0.0024get 0.0003% / 1h7m 40s$874K$683K10x
ShortgTrade (Gains Network) WTI/USD89.009L −0.0001% / S +0.0036%pay 0.0004% / 1h7m 40s$606150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Funding earned
−$2.49
Price spread: −0.459% → 0.000%
−$45.85
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee gTrade (Gains Network): 4 bp × 2 orders
−$8
Net
−$63.34
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Nado: live order book, 39 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 39 min ago1.34 bp8.6 bp −$913.2 bp −$13239.1 bp −$3,913doesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CL on 36 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_WTIOILUSD−0.0342%1h89.349−0.078%$304K$1.9M25xas long as short
Aftermath Perps WTIUSD−0.0140%1h89.498+0.088%$1K$26K5xas long as short
GRVT CL_USDT_Perp−0.0100%4h89.569+0.168%$67K$655K25xas long as short
tradeXYZ xyz:CL−0.0095%1h89.303−0.130%$174.2M$247.9M20xas long as short
Bitget CLUSDT−0.0086%4h89.341−0.087%$40.7M$56.6M100xas long as short
edgeX CLUSDC−0.0083%4h89.414−0.006%$498K$373K30xas long as short
Aster CLUSD1−0.0071%4h89.390−0.032%$24.2M$72.4M20xas long as short
Coinbase International WTIOIL-PERP-INTX−0.0040%1h89.760+0.381%$416K$1.5M15xas long as short
Ondo Perps WTI-USD.P−0.0032%1h89.290−0.144%$3.4M$6.4M20xas long as short
QFEX CL-USD−0.0025%1h89.410−0.010%$2.2M$2.8M10xas long as short
Show all 36 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CLUSDT−0.0025%4h89.375−0.050%$241.4M$1.20B100xas long as short
Nado WTI-PERPlong−0.0024%1h89.419long leg$874K$683K10x
Gate CL_USDT−0.0013%8h89.300−0.133%$23.8M$56.7M100xas long as short
Variational Omni CL−0.0002%4h89.722+0.339%$12.5M$11.2Mas long as short
gTrade (Gains Network) WTI/USDshortL −0.0001% / S +0.0036%1h89.009−0.459%$606150x
dYdX WTI-USD0.0000%1h89.408−0.012%$8K$3K5xas long as short
Extended WTI-USD0.0000%1h89.370−0.055%$1.3M$13.6M10xas long as short
Bybit CLUSDT0.0000%8h89.372−0.053%$28.7M$110.0M150xas long as short
OKX CL-USDT-SWAP0.0000%4h89.360−0.066%$40.3M$133.6M50xas long as short
RISEx CL/USDC0.0000%1h89.424+0.006%$2.8M$3.1M20xas long as short
Phoenix WTIOIL0.0000%1h89.710+0.325%$33K$39K20xas long as short
Bullet WTIOIL-USD0.0000%1h89.399−0.022%$18K$235K10xas long as short
Deribit WTIOIL_USDC-PERPETUAL0.0000%1h89.380−0.044%$39K$650K15xas long as short
Paradex CL-USD-PERP+0.0027%8h89.352−0.074%$15K$4585xas long as short
Lighter WTI+0.0032%1h89.340−0.088%$10.5M$11.0M20xas long as short
StandX CL-USD+0.0040%1h89.710+0.325%$692K$2.7M40xas long as short
Vest CL-PERP+0.0046%1h89.420+0.001%$313K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h89.367−0.058%$1.6M$1.4M20xas long as short
SoDEX CL-USD+0.0050%1h89.378−0.046%$2.0M$83K20xas long as short
Pacifica CL+0.0100%1h89.352−0.075%$306K$747K10xas long as short
KuCoin CLUSDTM+0.0100%4h89.341−0.087%$6.9M$3.1M50xas long as short
ApeX Omni CLUSDT+0.0100%1h89.730+0.348%$52K$267K50xas long as short
Aevo WTIOIL-PERP+0.0104%1h89.364−0.062%$4K10xas long as short
GMX WTIOIL/USD [ETH-USDC]L +0.0161% / S +0.0027%1h89.585+0.186%$70K111xas long as short
Injective WTI/USDC PERP+0.0220%1h90.137+0.803%$16K$5K30xas long as short
BloFin CL-USDT+0.0240%4h89.470+0.057%$3.9M$1.0M50xas long as short