CL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.04 per $10,000 · paid last 24h −0.016%

Price spread now: Nado against Ondo Perps+0.114%52s7-day average +0.052% · you sell dearer than you buy

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

Long on Ondo Perps Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.148%−$15 on $10k

Price spread, last 7 days−0.186%−$19 · spread now +0.114%, 7d avg +0.052%

Together, before fees−0.334%+ Points / potential airdropOndo Perps: Active · Nado: Active · farm board−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.062% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.114% now, against its 7-day average of +0.052%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.8 days. At the pace of the last 3 days (−0.148% in total) that is about 32 hours. The two prices were read 52 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	Ondo Perps WTI-USD.P	92.410	−0.0048	get 0.0006% / 1h	30m 39s	$3.5M	$6.2M	20x
Short	Nado WTI-PERP	92.515	−0.0078	pay 0.0010% / 1h	30m 39s	$932K	$732K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Ondo Perps. 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 Ondo PerpsbpFee NadobpOrdersPrice spread, now +0.114%Rate

Funding earned: −$6.35
Price spread: +0.114% → +0.052%: $6.16
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$12.19
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Nado: live order book, 43 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Nado live order book, 43 min ago	0.05 bp	3.7 bp −$4	8.2 bp −$82	28.6 bp −$2,863	doesn't fit

Ondo Perps: 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
GRVT CL_USDT_Perp	−0.0356%	4h	92.460	+0.054%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0330%	4h	92.462	+0.056%	$24.0M	$80.0M	20x	as long as short
Binance CLUSDT	−0.0267%	4h	92.480	+0.076%	$245.2M	$1.07B	100x	as long as short
Variational Omni CL	−0.0260%	4h	92.441	+0.033%	$13.1M	$12.3M	—	as long as short
Gate CL_USDT	−0.0227%	8h	92.390	−0.022%	$21.3M	$55.0M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.471	+0.067%	$274K	$1.1M	25x	as long as short
Nado WTI-PERPshort	−0.0078%	1h	92.515	+0.114%	$932K	$732K	10x
Deribit WTIOIL_USDC-PERPETUAL	−0.0074%	1h	92.470	+0.065%	$96K	$189K	15x	as long as short
Ondo Perps WTI-USD.Plong	−0.0048%	1h	92.410	long leg	$3.5M	$6.2M	20x
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.411%	$399K	$960K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.450	+0.043%	$2.4M	$2.1M	10x	as long as short
tradeXYZ xyz:CL	−0.0022%	1h	92.495	+0.092%	$186.7M	$257.1M	20x	as long as short
Paradex CL-USD-PERP	−0.0011%	8h	92.465	+0.059%	$15K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	92.483	+0.079%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.487	+0.083%	$26.2M	$92.6M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.470	+0.065%	$43.0M	$111.0M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.579	+0.183%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.475	+0.070%	$42.1M	$50.9M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.490	+0.087%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.466	+0.061%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.024	−0.418%	$5K	—	150x	as long as short
Lighter WTI	+0.0008%	1h	92.479	+0.075%	$11.2M	$10.1M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.490	+0.087%	$2.3M	$27.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.360	−0.054%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.490	+0.087%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.473	+0.068%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.456	+0.050%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0066%	4h	92.484	+0.080%	$532K	$299K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.484	+0.080%	$354K	$596K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.482	+0.078%	$7.3M	$2.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.550	+0.151%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.422	+0.012%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.455	+0.049%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.56	+9.897%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.450	+0.043%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0273%	1h	92.468	+0.063%	$2K	$28K	5x	as long as short