Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0047%/8hnext payment −$0.06 per $10,000 · paid last 24h +0.019%

Price spread now: RISEx against Nado+0.053%54s7-day average +0.058% · 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—prices read too far apart to compare

costs, in and out, $10k−$200.201% of the position

Long on Nado Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.171%+$17 on $10k

Price spread, last 7 days+0.126%+$13 · spread now +0.053%, 7d avg +0.058%

Together, before fees+0.297%+ Points / potential airdropNado: Active · farm board+$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.058%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.171%, so the current rate has only just turned against you. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WTI-PERP	92.148	0.0047	pay 0.0006% / 1h	58m 37s	$851K	$756K	10x
Short	RISEx CL/USDC	92.197	0	get 0.0000% / 1h	58m 37s	$3.2M	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$9.83
Price spread: +0.053% → +0.058%: −$0.42
Slippage, 4 orders: −$7.11
Fee Nado: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$30.36
Costs to cover: 0.201%
Break-even: never at this rate

Slippage from Nado: live order book, 34 min ago; RISEx: live order book, 5 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, 34 min ago	0.11 bp	4.2 bp −$4	7.4 bp −$74	27.9 bp −$2,785	doesn't fit
Sell RISEx live order book, 5 min ago	1.63 bp	4.6 bp −$5	8.3 bp −$83	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
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.073	−0.081%	$252K	$1.3M	25x	as long as short
Aster CLUSD1	−0.0102%	4h	92.082	−0.072%	$24.8M	$70.7M	20x	as long as short
Binance CLUSDT	−0.0091%	4h	92.080	−0.074%	$244.9M	$1.06B	100x	as long as short
Aftermath Perps WTIUSD	−0.0085%	1h	92.117	−0.034%	$2K	$33K	5x	as long as short
Variational Omni CL	−0.0084%	4h	92.124	−0.027%	$13.5M	$16.6M	—	as long as short
gTrade (Gains Network) WTI/USD	L −0.0038% / S +0.0036%	1h	91.766	−0.415%	$178K	—	150x	as long as short
QFEX CL-USD	−0.0031%	1h	92.080	−0.074%	$2.4M	$2.9M	10x	as long as short
Ondo Perps WTI-USD.P	−0.0026%	1h	92.050	−0.107%	$3.5M	$6.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0016%	4h	92.117	−0.034%	$62K	$825K	25x	as long as short
Lighter WTI	−0.0008%	1h	92.065	−0.090%	$11.1M	$12.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0005%	1h	92.075	−0.080%	$181.6M	$289.7M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.089	−0.065%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.071	−0.084%	$25.0M	$95.4M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.070	−0.085%	$43.1M	$112.6M	50x	as long as short
RISEx CL/USDCshort	0.0000%	1h	92.197	+0.053%	$3.2M	$2.6M	20x
Gate CL_USDT	0.0000%	8h	92.040	−0.117%	$21.1M	$61.5M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	92.065	−0.090%	$42.6M	$63.8M	100x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.067	−0.088%	$19K	$246K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	92.070	−0.085%	$96K	$377K	15x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.020	−0.139%	$396K	$1.1M	15x	as long as short
Paradex CL-USD-PERP	+0.0021%	8h	92.056	−0.100%	$15K	$367	5x	as long as short
Phoenix WTIOIL	+0.0026%	1h	92.170	+0.024%	$33K	$99K	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.110	−0.042%	$1.9M	$29.2M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	92.595	+0.485%	$18K	$14K	30x	as long as short
StandX CL-USD	+0.0040%	1h	92.140	−0.009%	$727K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.170	+0.024%	—	$243K	10x	as long as short
Nado WTI-PERPlong	+0.0047%	1h	92.148	long leg	$851K	$756K	10x
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.088	−0.065%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.049	−0.108%	$2.0M	$44K	20x	as long as short
edgeX CLUSDC	+0.0085%	4h	92.148	0.000%	$530K	$350K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.094	−0.059%	$317K	$545K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.109	−0.043%	$7.3M	$1.6M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.150	+0.002%	$56K	$272K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.058	−0.098%	$4K	$49	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	92.065	−0.090%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.070	−0.085%	$4.1M	$1.5M	50x	as long as short