Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC+0.0081%/8hnext payment +$0.10 per $10,000 · paid last 24h +0.012%

Price spread now: Coinbase International against Nado−0.007%7-day average −0.128% · 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−$13as in the Price arb table

costs, in and out, $10k−$250.248% of the position

Long on Nado Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.075%−$8 on $10k

Price spread, last 3 days (all we have)−0.091%−$9 · spread now −0.007%, 7d avg −0.128%

Together, before fees−0.167%+ Points / potential airdropNado: Active · farm board−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.122% dearer against Nado than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.128%. Mind the row above: over the last 3 days funding on this pair cost −0.075%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WTI-PERP	92.076	−0.0081	get 0.0010% / 1h	21m 46s	$843K	$752K	10x
Short	Coinbase International WTIOIL-PERP-INTX	92.070	0	get 0.0000% / 1h	21m 46s	$396K	$1.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.007%Rate

Funding earned: $16.93
Price spread: −0.007% → −0.128%: $12.16
Slippage, 4 orders: −$7.8
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $4.28
Costs to cover: 0.248%
Break-even: 5.2 days

Slippage from Nado: live order book, 11 min ago; Coinbase International: live order book, 1 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, 11 min ago	0.11 bp	4.2 bp −$4	7.4 bp −$74	27.9 bp −$2,785	doesn't fit
Sell Coinbase International live order book, 1 min ago	1.63 bp	8.6 bp −$9	9.9 bp −$99	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
Ondo Perps WTI-USD.P	−0.0105%	1h	91.980	−0.105%	$3.5M	$6.3M	20x	as long as short
Binance CLUSDT	−0.0099%	4h	92.000	−0.083%	$245.3M	$1.05B	100x	as long as short
Aster CLUSD1	−0.0098%	4h	92.030	−0.050%	$24.8M	$70.7M	20x	as long as short
Nado WTI-PERPlong	−0.0081%	1h	92.076	long leg	$843K	$752K	10x
Variational Omni CL	−0.0079%	4h	91.945	−0.143%	$13.4M	$16.7M	—	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0076%	1h	92.050	−0.029%	$96K	$470K	15x	as long as short
Aftermath Perps WTIUSD	−0.0075%	1h	92.068	−0.009%	$2K	$33K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0059%	1h	92.076	0.000%	$267K	$1.3M	25x	as long as short
Lighter WTI	−0.0040%	1h	91.999	−0.084%	$11.1M	$12.5M	20x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0038% / S +0.0036%	1h	91.759	−0.345%	$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	−0.126%	$58K	$812K	25x	as long as short
QFEX CL-USD	−0.0022%	1h	92.000	−0.083%	$2.4M	$2.8M	10x	as long as short
tradeXYZ xyz:CL	−0.0019%	1h	92.020	−0.061%	$183.3M	$287.1M	20x	as long as short
Bullet WTIOIL-USD	−0.0016%	1h	92.020	−0.061%	$19K	$246K	10x	as long as short
Gate CL_USDT	−0.0008%	8h	91.960	−0.126%	$21.1M	$61.6M	100x	as long as short
dYdX WTI-USD	0.0000%	1h	92.035	−0.045%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.006	−0.076%	$24.7M	$95.4M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.010	−0.072%	$43.1M	$112.4M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.115	+0.042%	$3.1M	$2.6M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.009	−0.073%	$42.5M	$63.6M	100x	as long as short
Coinbase International WTIOIL-PERP-INTXshort	0.0000%	1h	92.070	−0.007%	$396K	$1.1M	15x
Paradex CL-USD-PERP	+0.0010%	8h	91.982	−0.102%	$15K	$367	5x	as long as short
Phoenix WTIOIL	+0.0026%	1h	92.020	−0.061%	$33K	$99K	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.060	−0.018%	$1.9M	$29.3M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	92.595	+0.563%	$18K	$14K	30x	as long as short
StandX CL-USD	+0.0040%	1h	92.040	−0.039%	$726K	$2.6M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.110	+0.037%	—	$243K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.055	−0.023%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.015	−0.067%	$2.0M	$45K	20x	as long as short
edgeX CLUSDC	+0.0093%	4h	91.977	−0.108%	$529K	$351K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.011	−0.071%	$315K	$542K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.062	−0.016%	$7.5M	$1.2M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.000	−0.083%	$55K	$272K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.006	−0.077%	$4K	$49	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0127% / S +0.0033%	1h	92.015	−0.067%	$79K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.030	−0.050%	$4.1M	$1.5M	50x	as long as short