CL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1204%/8h= +131.8% APRnext payment +$1.50 per $10,000 · paid last 24h +0.021%

Price spread now: RISEx against Nado+0.030%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$190.191% of the position

Long on Nado Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.173%+$17 on $10k

Price spread, last 7 days+0.088%+$9 · spread now +0.030%, 7d avg +0.055%

Together, before fees+0.261%+ Points / potential airdropNado: Active · farm board+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.025% cheaper against Nado than usual: you would sell low and buy high (spread +0.030% now, against its 7-day average of +0.055%). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$36 a day). At the pace of the last 3 days (+0.173% in total) that is about 11 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.173% in total (about 20.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.50 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	91.855	−0.0227	get 0.0028% / 1h	44m 29s	$908K	$755K	10x
Short	RISEx CL/USDC	91.882	0.0977	get 0.0122% / 1h	44m 29s	$3.2M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.030%Rate

Funding earned: $252.81
Price spread: +0.030% → +0.055%: −$2.55
Slippage, 4 orders: −$6.12
Fee Nado: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: $231.14
Costs to cover: 0.191%
Break-even: 0.6 days

Slippage from Nado: live order book, 39 min ago; RISEx: 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, 39 min ago	0.05 bp	4.4 bp −$4	10.8 bp −$108	51.4 bp −$5,140	doesn't fit
Sell RISEx live order book, 4 min ago	0.98 bp	4.0 bp −$4	5.8 bp −$58	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
ApeX Omni CLUSDT	−0.0408%	1h	91.820	−0.038%	$55K	$266K	50x	as long as short
Lighter WTI	−0.0328%	1h	91.756	−0.107%	$11.0M	$11.2M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0294%	1h	91.790	−0.070%	$95K	$260K	15x	as long as short
Nado WTI-PERPlong	−0.0227%	1h	91.855	long leg	$908K	$755K	10x
Ondo Perps WTI-USD.P	−0.0211%	1h	91.740	−0.125%	$3.5M	$6.5M	20x	as long as short
tradeXYZ xyz:CL	−0.0202%	1h	91.787	−0.074%	$184.8M	$285.5M	20x	as long as short
Bullet WTIOIL-USD	−0.0169%	1h	91.763	−0.100%	$19K	$240K	10x	as long as short
Aftermath Perps WTIUSD	−0.0152%	1h	91.775	−0.087%	$2K	$30K	5x	as long as short
Paradex CL-USD-PERP	−0.0083%	8h	91.759	−0.104%	$15K	$367	5x	as long as short
Polymarket Perps WTIOIL-USD	−0.0037%	1h	91.772	−0.090%	$1.6M	$1.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended WTI-USD	−0.0032%	1h	91.850	−0.005%	$2.0M	$29.2M	10x	as long as short
Aster CLUSD1	0.0000%	4h	91.780	−0.081%	$23.9M	$78.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.787	−0.074%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.760	−0.103%	$245.1M	$1.13B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.780	−0.081%	$25.2M	$98.4M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.770	−0.092%	$43.0M	$114.5M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.770	−0.092%	$2.4M	$2.5M	10x	as long as short
Gate CL_USDT	0.0000%	8h	91.720	−0.147%	$21.2M	$58.8M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.773	−0.089%	$42.0M	$64.4M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.756	−0.107%	$13.4M	$14.5M	—	as long as short
GRVT CL_USDT_Perp	0.0000%	4h	91.751	−0.113%	$58K	$734K	25x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.373	−0.524%	$40K	—	10x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.820	−0.038%	$33K	$99K	20x	as long as short
edgeX CLUSDC	+0.0010%	4h	91.766	−0.097%	$528K	$342K	30x	as long as short
StandX CL-USD	+0.0040%	1h	91.780	−0.081%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	91.890	+0.038%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.775	−0.087%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	91.786	−0.075%	$332K	$572K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.788	−0.073%	$7.3M	$2.0M	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.746	−0.118%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	91.720	−0.147%	$384K	$1.2M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	101.08	+10.041%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0211% / S −0.0127%	1h	91.765	−0.098%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.770	−0.092%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0451%	1h	91.792	−0.068%	$256K	$1.2M	25x	as long as short
RISEx CL/USDCshort	+0.0977%	1h	91.882	+0.030%	$3.2M	$2.7M	20x