Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0081%/8hpaid last 24h −0.017%

Price spread now: Nado against Bybit+0.068%7-day average −0.005% · 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−$16as in the Price arb table

costs, in and out, $10k−$230.228% of the position

Long on Bybit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.015%−$2 on $10k

Price spread, last 7 days−0.155%−$15 · spread now +0.068%, 7d avg −0.005%

Together, before fees−0.170%+ Points / potential airdropNado: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.072% dearer against Bybit than usual: you sell high and buy low (spread +0.068% now, against its 7-day average of −0.005%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.0 days. At the pace of the last 3 days (−0.015% in total) that is about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CLUSDT	92.014	0	get 0.0000% / 8h	4h 21m	$24.7M	$95.4M	150x
Short	Nado WTI-PERP	92.076	−0.0081	pay 0.0010% / 1h	21m 56s	$843K	$752K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bybit. 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 BybitbpFee NadobpOrdersPrice spread, now +0.068%Rate

Funding earned: −$16.93
Price spread: +0.068% → −0.005%: $7.24
Slippage, 4 orders: −$4.83
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$32.52
Costs to cover: 0.228%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Nado: live order book, 11 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 Bybit live order book, 1 min ago	0.54 bp	6.0 bp −$6	8.0 bp −$80	17.9 bp −$1,793	97.6 bp −$48.8K
Sell Nado live order book, 11 min ago	0.11 bp	5.4 bp −$5	13.0 bp −$130	28.9 bp −$2,894	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
Ondo Perps WTI-USD.P	−0.0105%	1h	91.980	−0.037%	$3.5M	$6.3M	20x	as long as short
Binance CLUSDT	−0.0098%	4h	92.004	−0.011%	$245.3M	$1.05B	100x	as long as short
Aster CLUSD1	−0.0096%	4h	92.025	+0.011%	$24.8M	$70.7M	20x	as long as short
Nado WTI-PERPshort	−0.0081%	1h	92.076	+0.068%	$843K	$752K	10x
Variational Omni CL	−0.0079%	4h	91.945	−0.075%	$13.4M	$16.7M	—	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0076%	1h	92.050	+0.039%	$96K	$470K	15x	as long as short
Aftermath Perps WTIUSD	−0.0075%	1h	92.068	+0.059%	$2K	$33K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0059%	1h	92.076	+0.067%	$267K	$1.3M	25x	as long as short
Lighter WTI	−0.0040%	1h	92.021	+0.008%	$11.1M	$12.5M	20x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0038% / S +0.0036%	1h	91.759	−0.277%	$178K	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT CL_USDT_Perp	−0.0022%	4h	91.960	−0.059%	$58K	$812K	25x	as long as short
QFEX CL-USD	−0.0022%	1h	92.000	−0.015%	$2.4M	$2.8M	10x	as long as short
tradeXYZ xyz:CL	−0.0019%	1h	92.030	+0.017%	$183.4M	$287.1M	20x	as long as short
Bullet WTIOIL-USD	−0.0016%	1h	92.020	+0.007%	$19K	$246K	10x	as long as short
Gate CL_USDT	−0.0008%	8h	91.970	−0.048%	$21.1M	$61.6M	100x	as long as short
dYdX WTI-USD	0.0000%	1h	92.035	+0.022%	$8K	$3K	5x	as long as short
Bybit CLUSDTlong	0.0000%	8h	92.014	long leg	$24.7M	$95.4M	150x
OKX CL-USDT-SWAP	0.0000%	4h	92.000	−0.015%	$43.1M	$112.4M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.115	+0.110%	$3.1M	$2.6M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	91.999	−0.016%	$42.5M	$63.6M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.070	+0.061%	$396K	$1.1M	15x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	91.982	−0.035%	$15K	$367	5x	as long as short
Phoenix WTIOIL	+0.0026%	1h	92.020	+0.007%	$33K	$99K	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.060	+0.050%	$1.9M	$29.3M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	92.595	+0.631%	$18K	$14K	30x	as long as short
StandX CL-USD	+0.0040%	1h	92.040	+0.028%	$726K	$2.6M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.110	+0.104%	—	$243K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.055	+0.045%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.015	+0.001%	$2.0M	$45K	20x	as long as short
edgeX CLUSDC	+0.0093%	4h	91.977	−0.040%	$529K	$351K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.011	−0.003%	$315K	$542K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.062	+0.052%	$7.5M	$1.2M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.000	−0.015%	$55K	$272K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.006	−0.009%	$4K	$49	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0127% / S +0.0033%	1h	92.015	+0.001%	$79K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.030	+0.017%	$4.1M	$1.5M	50x	as long as short