CL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0082%/8h= −9.0% APRnext payment −$0.10 per $10,000 · paid last 24h −0.031%

Price spread now: Nado against Polymarket Perps+0.046%7-day average +0.018% · 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−$20as in the Price arb table

costs, in and out, $10k−$230.231% of the position

Long on Polymarket Perps Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.136%−$14 on $10k

Price spread, last 7 days−0.070%−$7 · spread now +0.046%, 7d avg +0.018%

Together, before fees−0.206%+ Points / potential airdropNado: Active · farm board−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.029% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of +0.018%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps WTIOIL-USD	93.086	0.0050	pay 0.0006% / 1h	22m 48s	$1.7M	$1.3M	20x
Short	Nado WTI-PERP	93.129	−0.0032	pay 0.0004% / 1h	22m 48s	$963K	$650K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Polymarket 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 Polymarket PerpsbpFee NadobpOrdersPrice spread, now +0.046%Rate

Funding earned: −$17.2
Price spread: +0.046% → +0.018%: $2.86
Slippage, 4 orders: −$8.11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$37.44
Costs to cover: 0.231%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 6 min ago; Nado: live order book, 36 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 Polymarket Perps live order book, 6 min ago	2.26 bp	6.6 bp −$7	8.5 bp −$85	11.7 bp −$1,170	doesn't fit
Sell Nado live order book, 36 min ago	0.05 bp	5.3 bp −$5	9.9 bp −$99	36.1 bp −$3,605	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0287%	1h	93.060	−0.028%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0260%	4h	93.080	−0.006%	$24.0M	$66.9M	20x	as long as short
GRVT CL_USDT_Perp	−0.0244%	4h	93.060	−0.028%	$64K	$648K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0196%	1h	93.107	+0.022%	$274K	$872K	25x	as long as short
Binance CLUSDT	−0.0188%	4h	93.070	−0.017%	$244.9M	$947.9M	100x	as long as short
Variational Omni CL	−0.0182%	4h	93.038	−0.052%	$13.5M	$10.9M	—	as long as short
Bitget CLUSDT	−0.0110%	4h	93.058	−0.030%	$41.9M	$43.7M	100x	as long as short
tradeXYZ xyz:CL	−0.0108%	1h	93.046	−0.043%	$184.6M	$214.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0101%	1h	93.094	+0.009%	$2K	$27K	5x	as long as short
edgeX CLUSDC	−0.0099%	4h	93.059	−0.029%	$530K	$300K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps WTI-USD.P	−0.0098%	1h	93.030	−0.060%	$3.5M	$5.4M	20x	as long as short
OKX CL-USDT-SWAP	−0.0062%	4h	93.080	−0.006%	$42.6M	$102.7M	50x	as long as short
Gate CL_USDT	−0.0049%	8h	93.020	−0.071%	$20.8M	$51.9M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.361%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0043%	1h	93.090	+0.004%	$2.4M	$1.7M	10x	as long as short
Nado WTI-PERPshort	−0.0032%	1h	93.129	+0.046%	$963K	$650K	10x
KuCoin CLUSDTM	−0.0020%	4h	93.075	−0.012%	$7.1M	$2.4M	50x	as long as short
Lighter WTI	0.0000%	1h	93.046	−0.043%	$11.2M	$10.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.113	+0.029%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.070	−0.017%	$26.7M	$80.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.151	+0.069%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.120	+0.037%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.083	−0.003%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.638	−0.481%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0013%	8h	93.063	−0.024%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0016%	1h	93.110	+0.026%	$2.0M	$20.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.110	+0.026%	$735K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.100	+0.015%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USDlong	+0.0050%	1h	93.086	long leg	$1.7M	$1.3M	20x
SoDEX CL-USD	+0.0050%	1h	93.080	−0.006%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	93.086	0.000%	$330K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.060	−0.028%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.055	−0.033%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0177%	4h	93.100	+0.015%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0215% / S −0.0142%	1h	93.085	−0.001%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.19	+9.776%	$19K	$11K	30x	as long as short