CL

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	OrderlyPERP_CL_USDC	100.90	+0.0100	pay 0.0050% / 4h	1h 07m	$247K	$42K	20x	Long Orderly
SHORT	NadoWTI-PERP	101.17	−0.0131	pay 0.0016% / 1h	7m 50s	$647K	$430K	10x	Short Nado20% off

Price gap+0.265%

Funding gap−0.0231% /8h

The gap pays +$10 on $10k if it goes back to its 7d average, but funding costs $7 a day and eats that in about 36 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$45−0.0231% /8h now · paid −0.445% over the last 7D

Price+$10spread +0.265% now, avg +0.160% → +0.105% if it goes back

Costsno datano order book for Orderly

Result, before costs−$34−0.34%+ Points / potential airdropNado: points · farm boardcosts unknown: no order book for Orderly · What the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.265%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CL on 46 exchanges

lowest funding first

Before you open

3 ok · 2 to watch

Note: Order book unknown—
No order-book sample for Orderly: its slippage is not counted.
Note: Margin at max leverage$500 + $1,000
Orderly 20x, Nado 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ4h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$6.93Long Orderly: 6 payments, −$3.00; short Nado: 24 payments, −$3.93.
OK: Entry gap works for you+0.265% vs +0.160%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$247K vs $647K OI
Orderly sets your exit cost. Check its book before closing.
OK: Points on a legNado points
Volume here counts toward the points program.
OK: No KYC on either legOrderly No · Nado No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0212%/8h × 21 periods−$44.53

Price spread+0.265% → +0.160% (7d avg)+$10.50

Slippage, 4 ordersno data for Orderly—

Fee Orderly bp × 2 orders−$6.00

Fee Nado bp × 2 orders−$7.00

Net, fees only · 7 days · $10k−$47.04

Costs to cover0.130%Break-evennever at this rate

Slippage: Orderly: no order-book sample; Nado: live order book, 12 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGOrderly—————

SELL · SHORTNado0.153.9 bp−$49.0 bp−$9057.6 bp−$5,760doesn’t fit

Closing costs about the same again.
Orderly: no data.

CL news

posts that mention CL or Crude oil (WTI), from every exchangeSearch all news →

10-23 19:28	Markets by Kinetiq	Other	WTI Crude Oil is back above $100, up 6% this week. Houthi strikes on Saudi Arabia are escalating, ship attacks near Hormuz just hit a record month, and US crude stocks have fallen three weeks straight. @Markets_xyz on X ↗
10-23 10:17	SoDEX	Other	🛢️ $CL: Will Oil Keep Rising? 🔥 Middle East tensions are heating up! Where will oil prices head next? 👀 ✅ Vote below ✅ Share your $CL position ✅ Comment your prediction! 📊 POLL: Where will $CL be by Dec 31, 2026? @sodex_official on X ↗
10-22 15:08	BingX	Other	When commodities make headlines, depth matters 📊 Trade GOLD, WTI, BRENT, and SILVER perpetuals with deeper order books on #BingXTradFi. Up to 5.1x the depth vs No.2 (GOLD-USDT, 100 bps). See the breakdown 👇 @BingXOfficial on X ↗
10-20 08:13	ApeX Omni	Other	Oil cracked. WTI -4.7% is the biggest move on the tape. bitcoin:native $81,703 -1.3%, ethereum:native $2,395 -1.5%, while $NDAQ added 1.1%. $527M went into spot bitcoin ETFs, the best day since September, with IBIT alone taking $665M. Fear and greed 55. @OfficialApeXdex on X ↗
10-19 19:35	BingX	Other	Brent topped $110, WTI broke $100, and diesel hit records as Hormuz attacks escalate. Energy rallied while the Nasdaq fell 4.5%. Oil is back driving inflation and rate fears 🛢️ @BingXOfficial on X ↗
10-19 10:35	Phemex	Other	WTI just printed below $97 while Brent holds ~$108. Oil’s pullback after Friday’s spike is more technical + Russia supply hope than a clean demand collapse. For crypto traders, lower energy costs can ease inflation pressure — but geopolitics still keep the floor elevated. Execution quality matters more than the narrative when macro signals flip. @Phemex_official on X ↗

CL