CL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0136%/8h= +14.9% APRnext payment +$0.17 per $10,000 · paid last 24h +0.018%

Price spread now: Phoenix against Nado−0.041%7-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 Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 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 · farm boardneeds both histories

Funding pays, the price is against you. Phoenix is 0.041% cheaper against Nado than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 24 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WTI-PERP	90.987	−0.0083	get 0.0010% / 1h	19m 21s	$914K	$652K	10x
Short	Phoenix WTIOIL	90.950	0.0053	get 0.0007% / 1h	19m 21s	$36K	$37K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.041%Rate

Funding earned: $28.48
Price spread: −0.041% → 0.000%: −$4.1
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $10.38
Costs to cover: 0.140%
Break-even: 4.4 days

Slippage unknown: Nado: live order book, 32 min ago; Phoenix: 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, 32 min ago	1.04 bp	5.8 bp −$6	8.8 bp −$88	28.9 bp −$2,889	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WTIOIL_USDC-PERPETUAL	−0.0410%	1h	90.910	−0.085%	$182K	$435K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0363%	1h	90.938	−0.054%	$305K	$1.3M	25x	as long as short
Aster CLUSD1	−0.0172%	4h	90.980	−0.008%	$24.7M	$65.3M	20x	as long as short
Binance CLUSDT	−0.0114%	4h	90.940	−0.052%	$246.4M	$1.09B	100x	as long as short
Bitget CLUSDT	−0.0108%	4h	90.936	−0.056%	$41.3M	$48.7M	100x	as long as short
Extended WTI-USD	−0.0096%	1h	90.950	−0.041%	$1.4M	$13.9M	10x	as long as short
edgeX CLUSDC	−0.0095%	4h	90.920	−0.073%	$508K	$379K	30x	as long as short
Variational Omni CL	−0.0084%	4h	90.906	−0.089%	$12.9M	$11.1M	—	as long as short
Nado WTI-PERPlong	−0.0083%	1h	90.987	long leg	$914K	$652K	10x
Ondo Perps WTI-USD.P	−0.0070%	1h	90.850	−0.151%	$3.4M	$5.7M	20x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0068%	8h	90.880	−0.118%	$23.1M	$53.5M	100x	as long as short
tradeXYZ xyz:CL	−0.0062%	1h	90.937	−0.055%	$177.0M	$208.9M	20x	as long as short
GRVT CL_USDT_Perp	−0.0042%	4h	91.038	+0.055%	$69K	$626K	25x	as long as short
Aftermath Perps WTIUSD	−0.0032%	1h	91.000	+0.013%	$2K	$27K	5x	as long as short
QFEX CL-USD	−0.0023%	1h	90.930	−0.063%	$2.2M	$3.0M	10x	as long as short
OKX CL-USDT-SWAP	−0.0021%	4h	90.930	−0.063%	$40.5M	$117.5M	50x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	90.540	−0.492%	$1K	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	90.969	−0.020%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	90.960	−0.030%	$27.0M	$95.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.976	−0.012%	$2.9M	$3.0M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	90.939	−0.053%	$17K	$237K	10x	as long as short
Lighter WTI	+0.0008%	1h	90.907	−0.088%	$11.1M	$9.5M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0008%	1h	90.910	−0.085%	$409K	$1.1M	15x	as long as short
Paradex CL-USD-PERP	+0.0013%	8h	90.894	−0.103%	$15K	$367	5x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	100.27	+10.200%	$19K	$5K	30x	as long as short
StandX CL-USD	+0.0040%	1h	90.970	−0.019%	$708K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	90.940	−0.052%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	90.928	−0.065%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	90.930	−0.063%	$2.0M	$81K	20x	as long as short
Phoenix WTIOILshort	+0.0053%	1h	90.950	−0.041%	$36K	$37K	20x
Pacifica CL	+0.0100%	1h	90.930	−0.063%	$314K	$709K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	90.959	−0.031%	$6.8M	$2.8M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	90.960	−0.030%	$53K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	90.902	−0.094%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0216%	4h	90.930	−0.063%	$3.9M	$1.0M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0250% / S −0.0172%	1h	90.925	−0.069%	$81K	—	111x	as long as short