CL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0610%/8h= +66.8% APRnext payment +$0.76 per $10,000 · paid last 24h −0.001%

Price spread now: Kraken Futures against Nado−0.045%7-day average −0.022% · 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−$30as in the Price arb table

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

Long on Nado Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.089%+$9 on $10k

Price spread, last 3 days (all we have)−0.105%−$11 · spread now −0.045%, 7d avg −0.022%

Together, before fees−0.016%+ Points / potential airdropNado: Active · farm board−$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.023% cheaper against Nado than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of −0.022%). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$18 a day). At the pace of the last 3 days (+0.089% in total) that is about 20 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.089% in total (about 10.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.76 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WTI-PERP	92.121	−0.0160	get 0.0020% / 1h	3m 59s	$923K	$746K	10x
Short	Kraken Futures PF_WTIOILUSD	92.079	0.0450	get 0.0056% / 1h	3m 59s	$275K	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.045%Rate

Funding earned: $128.03
Price spread: −0.045% → −0.022%: −$2.33
Slippage, 4 orders: −$10.99
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $97.72
Costs to cover: 0.280%
Break-even: 1.7 days

Slippage from Nado: live order book, 14 min ago; Kraken Futures: live order book, 4 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, 14 min ago	0.11 bp	5.2 bp −$5	9.6 bp −$96	32.3 bp −$3,230	doesn't fit
Sell Kraken Futures live order book, 4 min ago	2.34 bp	8.3 bp −$8	20.4 bp −$204	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0293%	1h	92.080	−0.044%	$96K	$189K	15x	as long as short
Lighter WTI	−0.0264%	1h	92.063	−0.063%	$11.2M	$11.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0214%	4h	91.989	−0.143%	$58K	$715K	25x	as long as short
Nado WTI-PERPlong	−0.0160%	1h	92.121	long leg	$923K	$746K	10x
Aster CLUSD1	−0.0157%	4h	92.082	−0.042%	$24.0M	$77.6M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0150%	1h	92.010	−0.120%	$3.5M	$6.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0130%	1h	92.088	−0.036%	$185.6M	$278.2M	20x	as long as short
Bullet WTIOIL-USD	−0.0097%	1h	92.066	−0.060%	$19K	$241K	10x	as long as short
Paradex CL-USD-PERP	−0.0097%	8h	92.039	−0.089%	$15K	$367	5x	as long as short
Aftermath Perps WTIUSD	−0.0073%	1h	92.041	−0.087%	$2K	$29K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CLUSDT	−0.0063%	4h	92.080	−0.044%	$244.9M	$1.11B	100x	as long as short
Variational Omni CL	−0.0035%	4h	92.003	−0.128%	$13.4M	$13.3M	—	as long as short
Gate CL_USDT	−0.0010%	8h	92.010	−0.120%	$21.3M	$59.6M	100x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	−0.014%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.107	−0.015%	$25.5M	$95.5M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.080	−0.044%	$43.2M	$113.3M	50x	as long as short
QFEX CL-USD	0.0000%	1h	92.050	−0.077%	$2.4M	$2.6M	10x	as long as short
Bitget CLUSDT	0.0000%	4h	92.068	−0.057%	$42.1M	$52.1M	100x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.654	−0.507%	$4K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.060	−0.066%	$37K	$99K	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0014%	1h	92.062	−0.064%	$1.6M	$1.4M	20x	as long as short
edgeX CLUSDC	+0.0016%	4h	92.024	−0.105%	$529K	$335K	30x	as long as short
Extended WTI-USD	+0.0032%	1h	92.140	+0.021%	$2.0M	$28.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.030	−0.099%	$724K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.120	−0.001%	—	$308K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.067	−0.058%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.063	−0.062%	$332K	$578K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.076	−0.049%	$7.2M	$2.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.010	−0.120%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.038	−0.089%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	92.030	−0.099%	$399K	$1.0M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	101.16	+9.811%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	92.065	−0.061%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.000	−0.131%	$4.0M	$1.4M	50x	as long as short
Kraken Futures PF_WTIOILUSDshort	+0.0450%	1h	92.079	−0.045%	$275K	$1.2M	25x
RISEx CL/USDC	+0.0977%	1h	92.171	+0.054%	$3.3M	$2.7M	20x	as long as short