CL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.08 per $10,000 · paid last 24h +0.018%

Price spread now: Bullet against Nado−0.041%7-day average −0.023% · 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−$24as in the Price arb table

costs, in and out, $10k−$220.224% of the position

Long on Nado Short on Bullet

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 3 days (all we have)+0.004%$0 · spread now −0.041%, 7d avg −0.023%

Together, before fees+0.077%+ Points / potential airdropNado: Active · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WTI-PERP	92.638	−0.0064	get 0.0008% / 1h	23m 05s	$933K	$732K	10x
Short	Bullet WTIOIL-USD	92.600	0	get 0.0000% / 1h	23m 05s	$19K	$240K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Nado. 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 NadobpFee BulletbpOrdersPrice spread, now −0.041%Rate

Funding earned: $13.5
Price spread: −0.041% → −0.023%: −$1.72
Slippage, 4 orders: −$7.41
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$10.64
Costs to cover: 0.224%
Break-even: 12.5 days

Slippage from Nado: live order book, 50 min ago; Bullet: live order book, 51 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 Nado live order book, 50 min ago	0.05 bp	5.9 bp −$6	9.2 bp −$92	31.1 bp −$3,110	doesn't fit
Sell Bullet live order book, 51 min ago	0.54 bp	6.5 bp −$6	17.7 bp −$177	doesn't fit	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	−0.0398%	1h	92.600	−0.041%	$123K	$275K	15x	as long as short
GRVT CL_USDT_Perp	−0.0346%	4h	92.524	−0.122%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0333%	4h	92.630	−0.008%	$24.0M	$78.4M	20x	as long as short
Binance CLUSDT	−0.0272%	4h	92.632	−0.006%	$245.4M	$1.06B	100x	as long as short
Variational Omni CL	−0.0265%	4h	92.480	−0.170%	$13.1M	$12.2M	—	as long as short
Gate CL_USDT	−0.0209%	8h	92.560	−0.084%	$21.3M	$55.2M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.629	−0.010%	$274K	$1.1M	25x	as long as short
Nado WTI-PERPlong	−0.0064%	1h	92.638	long leg	$933K	$732K	10x
Ondo Perps WTI-USD.P	−0.0048%	1h	92.530	−0.116%	$3.5M	$6.1M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.656%	$399K	$959K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.570	−0.073%	$2.4M	$2.1M	10x	as long as short
tradeXYZ xyz:CL	−0.0025%	1h	92.650	+0.013%	$186.8M	$235.9M	20x	as long as short
Paradex CL-USD-PERP	−0.0004%	8h	92.567	−0.076%	$15K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	92.582	−0.061%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.651	+0.014%	$26.4M	$92.2M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.630	−0.008%	$43.0M	$111.4M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.712	+0.080%	$3.3M	$2.8M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.638	0.000%	$42.2M	$50.7M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.600	−0.041%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USDshort	0.0000%	1h	92.600	−0.041%	$19K	$240K	10x
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.173	−0.502%	$5K	—	150x	as long as short
Lighter WTI	+0.0016%	1h	92.628	−0.010%	$11.2M	$10.1M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.660	+0.024%	$2.3M	$26.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.400	−0.256%	$723K	$3.1M	40x	as long as short
edgeX CLUSDC	+0.0041%	4h	92.545	−0.100%	$532K	$299K	30x	as long as short
Vest CL-PERP	+0.0046%	1h	92.610	−0.030%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.593	−0.048%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.618	−0.021%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.589	−0.053%	$356K	$603K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.633	−0.005%	$7.2M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.560	−0.084%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.580	−0.063%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.615	−0.024%	$78K	—	111x	as long as short
Aftermath Perps WTIUSD	+0.0217%	1h	92.542	−0.104%	$2K	$28K	5x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.56	+9.627%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.510	−0.138%	$4.0M	$1.4M	50x	as long as short