Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0025%/8hpaid last 24h −0.015%

Price spread now: Nado against Binance+0.026%58s7-day average +0.010% · 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−$210.207% of the position

Long on Binance Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.060%−$6 on $10k

Price spread, last 1 day (all we have)−0.030%−$3 · spread now +0.026%, 7d avg +0.010%

Together, before fees−0.090%+ Points / potential airdropNado: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.010%, 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 cost −0.060%, so the current rate has only just turned in your favour. The two prices were read 58 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	Binance CLUSDT	92.123	−0.0099	get 0.0050% / 4h	4m 33s	$245.7M	$1.05B	100x
Short	Nado WTI-PERP	92.147	−0.0074	pay 0.0009% / 1h	4m 33s	$850K	$756K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Binance. 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 BinancebpFee NadobpOrdersPrice spread, now +0.026%Rate

Funding earned: $5.25
Price spread: +0.026% → +0.010%: $1.56
Slippage, 4 orders: −$3.65
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$13.84
Costs to cover: 0.207%
Break-even: 25.4 days

Slippage from Binance: live order book, 14 min ago; Nado: live order book, 28 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 Binance live order book, 14 min ago	0.54 bp	5.5 bp −$6	6.1 bp −$61	9.1 bp −$913	24.4 bp −$12.2K
Sell Nado live order book, 28 min ago	0.11 bp	5.4 bp −$5	13.0 bp −$130	28.9 bp −$2,894	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
Aster CLUSD1	−0.0106%	4h	92.113	−0.011%	$24.8M	$70.7M	20x	as long as short
Binance CLUSDTlong	−0.0099%	4h	92.123	long leg	$245.7M	$1.05B	100x
Variational Omni CL	−0.0088%	4h	92.045	−0.086%	$13.5M	$16.6M	—	as long as short
Aftermath Perps WTIUSD	−0.0088%	1h	92.079	−0.049%	$2K	$33K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0084%	1h	92.080	−0.047%	$3.5M	$6.3M	20x	as long as short
Nado WTI-PERPshort	−0.0074%	1h	92.147	+0.026%	$850K	$756K	10x
Kraken Futures PF_WTIOILUSD	−0.0059%	1h	92.148	+0.027%	$266K	$1.3M	25x	as long as short
Lighter WTI	−0.0040%	1h	92.109	−0.016%	$11.1M	$12.5M	20x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0038% / S +0.0036%	1h	91.834	−0.314%	$178K	—	150x	as long as short
tradeXYZ xyz:CL	−0.0033%	1h	92.123	0.000%	$184.0M	$287.5M	20x	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	−0.0022%	1h	92.100	−0.025%	$2.4M	$2.9M	10x	as long as short
GRVT CL_USDT_Perp	−0.0020%	4h	92.064	−0.065%	$62K	$825K	25x	as long as short
dYdX WTI-USD	0.0000%	1h	92.109	−0.015%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.140	+0.018%	$25.0M	$95.6M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.120	−0.004%	$43.2M	$112.5M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.223	+0.108%	$3.2M	$2.6M	20x	as long as short
Gate CL_USDT	0.0000%	8h	92.070	−0.058%	$21.1M	$61.9M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	92.107	−0.018%	$42.6M	$63.7M	100x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.095	−0.030%	$19K	$247K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	92.130	+0.007%	$96K	$423K	15x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.020	−0.112%	$396K	$1.1M	15x	as long as short
edgeX CLUSDC	+0.0001%	4h	92.051	−0.078%	$529K	$349K	30x	as long as short
Extended WTI-USD	+0.0016%	1h	92.150	+0.029%	$1.9M	$29.2M	10x	as long as short
Paradex CL-USD-PERP	+0.0017%	8h	92.096	−0.029%	$15K	$367	5x	as long as short
Phoenix WTIOIL	+0.0026%	1h	92.130	+0.007%	$33K	$99K	20x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	92.595	+0.512%	$18K	$14K	30x	as long as short
StandX CL-USD	+0.0040%	1h	92.110	−0.015%	$727K	$2.7M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.180	+0.061%	—	$243K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.112	−0.012%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.101	−0.024%	$2.0M	$45K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.119	−0.004%	$315K	$542K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.121	−0.003%	$7.4M	$1.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.040	−0.091%	$55K	$272K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.092	−0.034%	$4K	$49	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0204% / S −0.0127%	1h	92.105	−0.020%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.100	−0.025%	$4.1M	$1.5M	50x	as long as short