CL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.004%

Price spread now: Nado against tradeXYZ+0.068%7-day average +0.009% · 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−$22as in the Price arb table

costs, in and out, $10k−$280.282% of the position

Long on tradeXYZ Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.073%−$7 on $10k

Price spread, last 7 days−0.068%−$7 · spread now +0.068%, 7d avg +0.009%

Together, before fees−0.142%+ Points / potential airdroptradeXYZ: Active · Nado: Active · farm board−$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.060% dearer against tradeXYZ than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CL	93.716	−0.0060	get 0.0007% / 1h	39m 18s	$185.2M	$206.6M	20x
Short	Nado WTI-PERP	93.780	−0.0052	pay 0.0007% / 1h	39m 18s	$967K	$626K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against tradeXYZ. 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 tradeXYZbpFee NadobpOrdersPrice spread, now +0.068%Rate

Funding earned: $1.66
Price spread: +0.068% → +0.009%: $5.95
Slippage, 4 orders: −$3.17
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$20.56
Costs to cover: 0.282%
Break-even: 93.9 days

Slippage from tradeXYZ: live order book, 11 min ago; Nado: live order book, 4 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 tradeXYZ live order book, 11 min ago	0.27 bp	9.5 bp −$10	10.6 bp −$106	doesn't fit	doesn't fit
Sell Nado live order book, 4 min ago	0.11 bp	4.2 bp −$4	8.0 bp −$80	28.0 bp −$2,803	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	−0.0497%	1h	93.690	−0.028%	$197K	$382K	15x	as long as short
Aster CLUSD1	−0.0264%	4h	93.750	+0.036%	$24.5M	$65.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0246%	4h	93.610	−0.113%	$58K	$629K	25x	as long as short
Binance CLUSDT	−0.0146%	4h	93.714	−0.002%	$246.6M	$922.4M	100x	as long as short
Aftermath Perps WTIUSD	−0.0145%	1h	93.683	−0.035%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.729	+0.014%	$287K	$957K	25x	as long as short
Variational Omni CL	−0.0135%	4h	93.609	−0.115%	$13.5M	$10.6M	—	as long as short
Bitget CLUSDT	−0.0100%	4h	93.703	−0.014%	$42.2M	$42.2M	100x	as long as short
Gate CL_USDT	−0.0099%	8h	93.640	−0.081%	$22.3M	$48.8M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0098%	1h	93.650	−0.070%	$3.5M	$5.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CLlong	−0.0060%	1h	93.716	long leg	$185.2M	$206.6M	20x
Nado WTI-PERPshort	−0.0052%	1h	93.780	+0.068%	$967K	$626K	10x
edgeX CLUSDC	−0.0046%	4h	93.594	−0.130%	$526K	$305K	30x	as long as short
QFEX CL-USD	−0.0023%	1h	93.710	−0.006%	$2.3M	$2.5M	10x	as long as short
OKX CL-USDT-SWAP	−0.0015%	4h	93.720	+0.004%	$42.7M	$101.6M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.230%	$404K	$916K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.733	+0.018%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.720	+0.004%	$27.0M	$79.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.779	+0.067%	$3.1M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.680	−0.038%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.716	0.000%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.259	−0.488%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0028%	8h	93.716	0.000%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.736	+0.021%	$11.3M	$9.6M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.760	+0.047%	$2.0M	$16.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.700	−0.017%	$743K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.730	+0.015%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.716	0.000%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.710	−0.006%	$2.1M	$61K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.728	+0.013%	$333K	$575K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.732	+0.017%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.640	−0.081%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.693	−0.024%	$4K	—	10x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.74	+9.633%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0226%	4h	93.590	−0.134%	$4.0M	$977K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0246% / S −0.0180%	1h	93.715	−0.001%	$84K	—	111x	as long as short