CL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0167%/8h= −18.3% APRnext payment −$0.21 per $10,000 · paid last 24h +0.001%

Price spread now: Kraken Futures against Nado−0.046%7-day average −0.022% · 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−$31as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on Nado Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.096%+$10 on $10k

Price spread, last 4 days (all we have)−0.179%−$18 · spread now −0.046%, 7d avg −0.022%

Together, before fees−0.083%+ Points / potential airdropNado: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kraken Futures is 0.024% cheaper against Nado than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.022%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.096%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WTI-PERP	92.953	−0.0029	get 0.0004% / 1h	10m 13s	$963K	$648K	10x
Short	Kraken Futures PF_WTIOILUSD	92.911	−0.0196	pay 0.0024% / 1h	10m 13s	$273K	$874K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$35.07
Price spread: −0.046% → −0.022%: −$2.4
Slippage, 4 orders: −$11.72
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$66.2
Costs to cover: 0.287%
Break-even: never at this rate

Slippage from Nado: live order book, 48 min ago; Kraken Futures: live order book, 53 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, 48 min ago	0.05 bp	3.9 bp −$4	6.6 bp −$66	26.8 bp −$2,683	doesn't fit
Sell Kraken Futures live order book, 53 min ago	3.33 bp	8.9 bp −$9	19.0 bp −$190	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	−0.0718%	1h	92.860	−0.100%	$198K	$370K	15x	as long as short
Aster CLUSD1	−0.0270%	4h	92.911	−0.046%	$24.0M	$66.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0242%	4h	93.000	+0.051%	$64K	$648K	25x	as long as short
Kraken Futures PF_WTIOILUSDshort	−0.0196%	1h	92.911	−0.046%	$273K	$874K	25x
Binance CLUSDT	−0.0188%	4h	92.912	−0.045%	$244.6M	$945.4M	100x	as long as short
Variational Omni CL	−0.0179%	4h	92.888	−0.070%	$13.5M	$10.8M	—	as long as short
Bitget CLUSDT	−0.0126%	4h	92.899	−0.058%	$42.0M	$43.7M	100x	as long as short
tradeXYZ xyz:CL	−0.0113%	1h	92.897	−0.060%	$187.7M	$217.7M	20x	as long as short
Aftermath Perps WTIUSD	−0.0103%	1h	92.965	+0.013%	$2K	$26K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0090%	1h	92.850	−0.111%	$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
edgeX CLUSDC	−0.0076%	4h	93.007	+0.058%	$530K	$301K	30x	as long as short
OKX CL-USDT-SWAP	−0.0055%	4h	92.890	−0.068%	$42.4M	$102.7M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.219%	$402K	$944K	15x	as long as short
Gate CL_USDT	−0.0047%	8h	92.840	−0.122%	$20.8M	$52.2M	100x	as long as short
QFEX CL-USD	−0.0043%	1h	92.900	−0.057%	$2.3M	$1.8M	10x	as long as short
Nado WTI-PERPlong	−0.0029%	1h	92.953	long leg	$963K	$648K	10x
KuCoin CLUSDTM	−0.0028%	4h	92.905	−0.052%	$7.1M	$2.4M	50x	as long as short
Lighter WTI	0.0000%	1h	92.906	−0.051%	$11.2M	$10.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.937	−0.018%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.900	−0.057%	$26.7M	$80.3M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.960	+0.007%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.950	−0.003%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.909	−0.047%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.472	−0.518%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0008%	8h	92.875	−0.084%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	92.950	−0.003%	$2.0M	$20.3M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.900	−0.057%	$734K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.920	−0.036%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.901	−0.056%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.901	−0.056%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	92.898	−0.059%	$330K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.030	+0.083%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.873	−0.086%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0186%	4h	92.930	−0.025%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0216% / S −0.0144%	1h	92.905	−0.052%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.25	+10.003%	$19K	$11K	30x	as long as short