Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.018%

Price spread now: Paradex against Nado−0.019%50s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · Paradex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 50 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	93.049	−0.0147	get 0.0018% / 1h	4m 45s	$962K	$655K	10x
Short	Paradex CL-USD-PERP	93.032	0.0010	get 0.0010% / 8h	5h 04m	$16K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.019%Rate

Funding earned: $32.83
Price spread: −0.019% → 0.000%: −$1.85
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: $19.98
Costs to cover: 0.110%
Break-even: 2.7 days

Slippage unknown: Nado: live order book, 59 min ago; Paradex: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Nado live order book, 59 min ago	0.05 bp	4.6 bp −$5	10.4 bp −$104	30.7 bp −$3,073	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 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	−0.0502%	1h	92.960	−0.095%	$199K	$369K	15x	as long as short
Aster CLUSD1	−0.0264%	4h	93.020	−0.031%	$24.0M	$68.1M	20x	as long as short
GRVT CL_USDT_Perp	−0.0246%	4h	92.885	−0.176%	$53K	$635K	25x	as long as short
Binance CLUSDT	−0.0207%	4h	93.050	+0.001%	$244.9M	$953.0M	100x	as long as short
Variational Omni CL	−0.0200%	4h	92.957	−0.099%	$13.5M	$11.2M	—	as long as short
Ondo Perps WTI-USD.P	−0.0165%	1h	93.000	−0.052%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERPlong	−0.0147%	1h	93.049	long leg	$962K	$655K	10x
OKX CL-USDT-SWAP	−0.0083%	4h	93.050	+0.001%	$42.8M	$102.4M	50x	as long as short
Extended WTI-USD	−0.0080%	1h	93.100	+0.055%	$2.1M	$22.1M	10x	as long as short
Aftermath Perps WTIUSD	−0.0075%	1h	92.967	−0.088%	$2K	$27K	5x	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	−0.0074%	1h	93.028	−0.022%	$185.2M	$217.3M	20x	as long as short
Gate CL_USDT	−0.0061%	8h	93.000	−0.052%	$20.9M	$53.2M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.321%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.960	−0.095%	$2.5M	$1.7M	10x	as long as short
edgeX CLUSDC	−0.0030%	4h	92.944	−0.113%	$529K	$302K	30x	as long as short
Bitget CLUSDT	−0.0028%	4h	93.050	+0.001%	$42.0M	$43.6M	100x	as long as short
Lighter WTI	0.0000%	1h	93.039	−0.011%	$11.2M	$10.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.014	−0.038%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.060	+0.012%	$26.6M	$80.9M	150x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.010	−0.042%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.980	−0.074%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.546	−0.540%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0006%	4h	93.026	−0.025%	$7.1M	$2.4M	50x	as long as short
Paradex CL-USD-PERPshort	+0.0010%	8h	93.032	−0.019%	$16K	$367	5x
StandX CL-USD	+0.0040%	1h	92.940	−0.117%	$733K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.000	−0.052%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.990	−0.063%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.982	−0.072%	$2.1M	$60K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	93.153	+0.112%	$3.1M	$2.9M	20x	as long as short
Pacifica CL	+0.0100%	1h	93.041	−0.008%	$331K	$619K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.960	−0.095%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.952	−0.105%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	93.006	−0.046%	$274K	$872K	25x	as long as short
BloFin CL-USDT	+0.0159%	4h	93.000	−0.052%	$4.1M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0209% / S −0.0134%	1h	92.975	−0.079%	$79K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.10	+9.725%	$19K	$11K	30x	as long as short