CL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0082%/8h= −9.0% APRnext payment −$0.10 per $10,000 · paid last 24h −0.032%

Price spread now: Nado against SoDEX+0.080%7-day average +0.041% · 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−$44as in the Price arb table

costs, in and out, $10k−$480.481% of the position

Long on SoDEX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.123%−$12 on $10k

Price spread, last 4 days (all we have)+0.186%+$19 · spread now +0.080%, 7d avg +0.041%

Together, before fees+0.063%+ Points / potential airdropNado: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.038% dearer against SoDEX than usual: you sell high and buy low (spread +0.080% now, against its 7-day average of +0.041%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX CL-USD	92.870	0.0050	pay 0.0006% / 1h	7m 47s	$2.1M	$60K	20x
Short	Nado WTI-PERP	92.944	−0.0032	pay 0.0004% / 1h	7m 47s	$963K	$648K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against SoDEX. 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 SoDEXbpFee NadobpOrdersPrice spread, now +0.080%Rate

Funding earned: −$17.28
Price spread: +0.080% → +0.041%: $3.84
Slippage, 4 orders: −$33.06
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$61.51
Costs to cover: 0.481%
Break-even: never at this rate

Slippage from SoDEX: live order book, 1 min ago; Nado: 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 SoDEX live order book, 1 min ago	1.02 bp	19.6 bp −$20	84.5 bp −$845	doesn't fit	doesn't fit
Sell Nado live order book, 51 min ago	0.05 bp	5.3 bp −$5	9.9 bp −$99	36.1 bp −$3,605	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	−0.0611%	1h	92.830	−0.043%	$198K	$370K	15x	as long as short
Aster CLUSD1	−0.0273%	4h	92.890	+0.022%	$24.0M	$66.4M	20x	as long as short
GRVT CL_USDT_Perp	−0.0246%	4h	92.887	+0.019%	$64K	$648K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0196%	1h	92.895	+0.027%	$272K	$874K	25x	as long as short
Binance CLUSDT	−0.0188%	4h	92.870	0.000%	$244.5M	$944.5M	100x	as long as short
Variational Omni CL	−0.0179%	4h	92.888	+0.019%	$13.5M	$10.8M	—	as long as short
Bitget CLUSDT	−0.0128%	4h	92.868	−0.002%	$42.0M	$43.5M	100x	as long as short
tradeXYZ xyz:CL	−0.0115%	1h	92.863	−0.008%	$187.7M	$216.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0104%	1h	92.947	+0.083%	$2K	$27K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0091%	1h	92.850	−0.022%	$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
OKX CL-USDT-SWAP	−0.0058%	4h	92.880	+0.011%	$42.4M	$102.6M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.129%	$402K	$944K	15x	as long as short
Gate CL_USDT	−0.0047%	8h	92.820	−0.054%	$20.8M	$52.2M	100x	as long as short
QFEX CL-USD	−0.0043%	1h	92.900	+0.032%	$2.3M	$1.8M	10x	as long as short
Nado WTI-PERPshort	−0.0032%	1h	92.944	+0.080%	$963K	$648K	10x
KuCoin CLUSDTM	−0.0032%	4h	92.872	+0.002%	$7.1M	$2.4M	50x	as long as short
edgeX CLUSDC	−0.0003%	4h	92.895	+0.027%	$526K	$303K	30x	as long as short
Lighter WTI	0.0000%	1h	92.876	+0.006%	$11.2M	$10.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.937	+0.072%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.870	0.000%	$26.7M	$80.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.960	+0.097%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.940	+0.075%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.892	+0.023%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.443	−0.460%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0005%	8h	92.858	−0.013%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	92.920	+0.054%	$2.0M	$20.3M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.890	+0.022%	$734K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.920	+0.054%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.901	+0.033%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USDlong	+0.0050%	1h	92.870	long leg	$2.1M	$60K	20x
Pacifica CL	+0.0068%	1h	92.868	−0.002%	$330K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.950	+0.086%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.857	−0.014%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0186%	4h	92.900	+0.032%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0216% / S −0.0144%	1h	92.885	+0.016%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.25	+10.101%	$19K	$11K	30x	as long as short