CL

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0186%/8h= +20.3% APRnext payment +$0.23 per $10,000 · paid last 24h −0.019%

Price spread now: Nado against Phoenix−0.031%57s7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Nado

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 · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.031% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 14 hours of funding at the current rate (+$6 a day). The two prices were read 57 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	Phoenix WTIOIL	91.990	0.0009	pay 0.0001% / 1h	14m 08s	$33K	$99K	20x
Short	Nado WTI-PERP	91.961	0.0194	get 0.0024% / 1h	14m 08s	$881K	$801K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Phoenix. 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 PhoenixbpFee NadobpOrdersPrice spread, now −0.031%Rate

Funding earned: $38.97
Price spread: −0.031% → 0.000%: −$3.14
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $21.83
Costs to cover: 0.140%
Break-even: 3.1 days

Slippage unknown: Phoenix: no order-book sample; Nado: live order book, 9 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 Phoenix no order-book sample	—	—	—	—	—
Sell Nado live order book, 9 min ago	0.05 bp	6.7 bp −$7	15.9 bp −$159	55.8 bp −$5,581	doesn't fit

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 35 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
QFEX CL-USD	−0.0019%	1h	91.930	−0.065%	$2.4M	$2.8M	10x	as long as short
Aftermath Perps WTIUSD	0.0000%	1h	91.903	−0.094%	$2K	$31K	5x	as long as short
Aster CLUSD1	0.0000%	4h	91.964	−0.028%	$24.5M	$77.5M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.944	−0.050%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.927	−0.069%	$246.2M	$1.15B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.920	−0.076%	$25.1M	$100.6M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.940	−0.054%	$43.0M	$116.8M	50x	as long as short
Gate CL_USDT	0.0000%	8h	91.880	−0.120%	$21.2M	$63.4M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.913	−0.084%	$42.1M	$68.1M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.911	−0.086%	$13.6M	$16.2M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT CL_USDT_Perp	0.0000%	4h	91.882	−0.118%	$58K	$782K	25x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	91.940	−0.054%	$17K	$241K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	91.950	−0.043%	$95K	$269K	15x	as long as short
Phoenix WTIOILlong	+0.0009%	1h	91.990	long leg	$33K	$99K	20x
edgeX CLUSDC	+0.0010%	4h	91.836	−0.167%	$528K	$343K	30x	as long as short
Lighter WTI	+0.0032%	1h	91.877	−0.123%	$11.0M	$12.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	91.981	−0.010%	$2.0M	$29.7M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	91.880	−0.120%	$17K	$18K	30x	as long as short
Paradex CL-USD-PERP	+0.0039%	8h	91.932	−0.063%	$15K	$367	5x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0040%	1h	91.947	−0.046%	$257K	$1.3M	25x	as long as short
StandX CL-USD	+0.0040%	1h	91.920	−0.076%	$725K	$3.1M	40x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0040%	1h	92.080	+0.098%	$393K	$1.3M	15x	as long as short
Vest CL-PERP	+0.0046%	1h	92.020	+0.033%	—	$243K	10x	as long as short
tradeXYZ xyz:CL	+0.0050%	1h	91.939	−0.055%	$182.7M	$296.6M	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	91.925	−0.071%	$1.6M	$1.5M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.915	−0.082%	$2.0M	$39K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	91.930	−0.065%	$3.5M	$6.6M	20x	as long as short
Pacifica CL	+0.0100%	1h	91.959	−0.033%	$335K	$575K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.936	−0.059%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	91.940	−0.054%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.906	−0.091%	$4K	—	10x	as long as short
Nado WTI-PERPshort	+0.0194%	1h	91.961	−0.031%	$881K	$801K	10x
GMX WTIOIL/USD [ETH-USDC]	L +0.0211% / S −0.0127%	1h	91.925	−0.071%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.950	−0.043%	$4.0M	$1.5M	50x	as long as short
RISEx CL/USDC	+0.0266%	1h	92.037	+0.051%	$3.2M	$2.7M	20x	as long as short