CL

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0095%/8h= −10.4% APRnext payment −$0.12 per $10,000 · paid last 24h −0.026%

Price spread now: Nado against StandX−0.042%7-day average +0.031% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on StandX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.078%−$8 on $10k

Price spread, last 7 days+0.025%+$2 · spread now −0.042%, 7d avg +0.031%

Together, before fees−0.053%+ Points / potential airdropStandX: Active · Nado: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Nado is 0.073% cheaper against StandX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.031%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX CL-USD	89.600	0.0040	pay 0.0005% / 1h	56m 41s	$692K	$2.8M	40x
Short	Nado WTI-PERP	89.562	−0.0055	pay 0.0007% / 1h	56m 41s	$869K	$682K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against StandX. 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 StandXbpFee NadobpOrdersPrice spread, now −0.042%Rate

Funding earned: −$19.98
Price spread: −0.042% → +0.031%: −$7.33
Slippage, 4 orders: −$14.22
Fee StandX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$56.52
Costs to cover: 0.292%
Break-even: never at this rate

Slippage from StandX: live order book, just now; Nado: live order book, 54 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 StandX live order book, just now	3.35 bp	7.4 bp −$7	10.2 bp −$102	doesn't fit	doesn't fit
Sell Nado live order book, 54 min ago	1.04 bp	5.4 bp −$5	8.7 bp −$87	35.5 bp −$3,553	doesn't fit

CL on 36 exchanges

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
Kraken Futures PF_WTIOILUSD	−0.0342%	1h	89.501	−0.111%	$318K	$1.8M	25x	as long as short
Aster CLUSD1	−0.0149%	4h	89.510	−0.100%	$24.4M	$70.7M	20x	as long as short
tradeXYZ xyz:CL	−0.0141%	1h	89.402	−0.221%	$170.1M	$244.6M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0138%	1h	89.420	−0.201%	$3.4M	$6.1M	20x	as long as short
Bitget CLUSDT	−0.0120%	4h	89.444	−0.174%	$40.7M	$55.5M	100x	as long as short
Binance CLUSDT	−0.0102%	4h	89.460	−0.156%	$238.9M	$1.19B	100x	as long as short
GRVT CL_USDT_Perp	−0.0098%	4h	89.642	+0.047%	$73K	$632K	25x	as long as short
Extended WTI-USD	−0.0088%	1h	89.500	−0.112%	$1.3M	$14.7M	10x	as long as short
Variational Omni CL	−0.0081%	4h	90.154	+0.618%	$12.7M	$11.3M	—	as long as short
edgeX CLUSDC	−0.0081%	4h	90.230	+0.703%	$504K	$380K	30x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0069%	8h	89.420	−0.201%	$22.8M	$52.9M	100x	as long as short
Nado WTI-PERPshort	−0.0055%	1h	89.562	−0.042%	$869K	$682K	10x
Aftermath Perps WTIUSD	−0.0048%	1h	89.928	+0.367%	$1K	$27K	5x	as long as short
Lighter WTI	−0.0048%	1h	89.411	−0.211%	$10.6M	$10.0M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	89.640	+0.045%	$409K	$1.5M	15x	as long as short
OKX CL-USDT-SWAP	−0.0035%	4h	89.500	−0.112%	$39.7M	$129.2M	50x	as long as short
QFEX CL-USD	−0.0025%	1h	89.580	−0.022%	$2.2M	$2.8M	10x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.147	−0.506%	$606	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	89.600	0.000%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	89.490	−0.123%	$26.8M	$108.0M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	89.532	−0.076%	$2.8M	$3.1M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	89.508	−0.103%	$17K	$238K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	89.500	−0.112%	$110K	$552K	15x	as long as short
Paradex CL-USD-PERP	+0.0009%	8h	89.428	−0.192%	$15K	$367	5x	as long as short
StandX CL-USDlong	+0.0040%	1h	89.600	long leg	$692K	$2.8M	40x
Vest CL-PERP	+0.0046%	1h	89.550	−0.056%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	89.549	−0.057%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	89.474	−0.141%	$2.0M	$82K	20x	as long as short
Phoenix WTIOIL	+0.0053%	1h	90.370	+0.859%	$33K	$37K	20x	as long as short
Pacifica CL	+0.0100%	1h	89.447	−0.171%	$299K	$729K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	89.420	−0.201%	$6.9M	$3.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	89.600	0.000%	$52K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	89.472	−0.143%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S +0.0013%	1h	89.505	−0.106%	$73K	—	111x	as long as short
BloFin CL-USDT	+0.0199%	4h	89.510	−0.100%	$3.9M	$1.1M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	90.137	+0.599%	$16K	$5K	30x	as long as short