CL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0389%/8h= +42.6% APRnext payment +$0.49 per $10,000 · paid last 24h +0.005%

Price spread now: Nado against Deribit+0.027%7-day average +0.016% · 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−$17as in the Price arb table

costs, in and out, $10k−$180.177% of the position

Long on Deribit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.065%−$7 on $10k

Price spread, last 3 days (all we have)+0.062%+$6 · spread now +0.027%, 7d avg +0.016%

Together, before fees−0.003%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.065%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.065% in total (about -7.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.49 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WTIOIL_USDC-PERPETUAL	92.900	−0.0503	get 0.0063% / 1h	51m 51s	$198K	$369K	15x
Short	Nado WTI-PERP	92.926	−0.0114	pay 0.0014% / 1h	51m 51s	$962K	$668K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Deribit. 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 DeribitbpFee NadobpOrdersPrice spread, now +0.027%Rate

Funding earned: $81.65
Price spread: +0.027% → +0.016%: $1.14
Slippage, 4 orders: −$3.71
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $65.09
Costs to cover: 0.177%
Break-even: 1.4 days

Slippage from Deribit: live order book, 12 min ago; Nado: live order book, 12 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 Deribit live order book, 12 min ago	0.54 bp	4.0 bp −$4	6.9 bp −$69	doesn't fit	doesn't fit
Sell Nado live order book, 12 min ago	0.05 bp	5.0 bp −$5	8.1 bp −$81	29.6 bp −$2,962	doesn't fit

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
Deribit WTIOIL_USDC-PERPETUALlong	−0.0503%	1h	92.900	long leg	$198K	$369K	15x
Aster CLUSD1	−0.0240%	4h	92.940	+0.043%	$24.0M	$70.8M	20x	as long as short
GRVT CL_USDT_Perp	−0.0210%	4h	92.871	−0.031%	$61K	$633K	25x	as long as short
Binance CLUSDT	−0.0206%	4h	92.945	+0.048%	$244.7M	$959.4M	100x	as long as short
Variational Omni CL	−0.0203%	4h	92.860	−0.043%	$13.5M	$11.1M	—	as long as short
Nado WTI-PERPshort	−0.0114%	1h	92.926	+0.027%	$962K	$668K	10x
Ondo Perps WTI-USD.P	−0.0102%	1h	92.810	−0.097%	$3.5M	$5.6M	20x	as long as short
Gate CL_USDT	−0.0096%	8h	92.880	−0.022%	$20.9M	$52.2M	100x	as long as short
edgeX CLUSDC	−0.0077%	4h	92.864	−0.039%	$529K	$302K	30x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.161%	$402K	$944K	15x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0039%	1h	92.927	+0.029%	$184.8M	$218.5M	20x	as long as short
QFEX CL-USD	−0.0032%	1h	92.880	−0.022%	$2.5M	$1.7M	10x	as long as short
Aftermath Perps WTIUSD	−0.0014%	1h	92.895	−0.005%	$2K	$28K	5x	as long as short
OKX CL-USDT-SWAP	−0.0006%	4h	92.930	+0.032%	$42.8M	$102.4M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.909	+0.009%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.970	+0.075%	$26.9M	$81.1M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.937	+0.040%	$41.9M	$43.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.880	−0.022%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.946	+0.050%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.490	−0.441%	$5K	—	150x	as long as short
Lighter WTI	+0.0024%	1h	92.936	+0.039%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.980	+0.086%	$2.1M	$23.4M	10x	as long as short
Paradex CL-USD-PERP	+0.0036%	8h	92.881	−0.020%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.340	−0.603%	$726K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.950	+0.054%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.957	+0.061%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.927	+0.029%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	93.007	+0.116%	$3.3M	$2.7M	20x	as long as short
KuCoin CLUSDTM	+0.0080%	4h	92.935	+0.038%	$7.3M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.888	−0.013%	$332K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.870	−0.032%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.900	0.000%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.963	+0.068%	$274K	$882K	25x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.935	+0.038%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.15	+9.954%	$19K	$11K	30x	as long as short