CL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0069%/8h= −7.5% APRnext payment −$0.09 per $10,000 · paid last 24h −0.016%

Price spread now: Nado against Bullet+0.048%7-day average +0.023% · 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−$19as in the Price arb table

costs, in and out, $10k−$220.215% of the position

Long on Bullet Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.073%−$7 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.048%, 7d avg +0.023%

Together, before fees−0.102%+ Points / potential airdropNado: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.025% dearer against Bullet than usual: you sell high and buy low (spread +0.048% now, against its 7-day average of +0.023%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet WTIOIL-USD	92.932	0	get 0.0000% / 1h	15m 03s	$18K	$240K	10x
Short	Nado WTI-PERP	92.977	−0.0069	pay 0.0009% / 1h	15m 03s	$965K	$675K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bullet. 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 BulletbpFee NadobpOrdersPrice spread, now +0.048%Rate

Funding earned: −$14.42
Price spread: +0.048% → +0.023%: $2.54
Slippage, 4 orders: −$6.55
Fee Bullet: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$33.42
Costs to cover: 0.215%
Break-even: never at this rate

Slippage from Bullet: live order book, 54 min ago; Nado: 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 Bullet live order book, 54 min ago	0.54 bp	6.3 bp −$6	17.2 bp −$172	doesn't fit	doesn't fit
Sell Nado live order book, 53 min ago	0.05 bp	4.7 bp −$5	9.2 bp −$92	29.7 bp −$2,974	doesn't fit

CL on 35 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	−0.0395%	1h	92.910	−0.024%	$198K	$365K	15x	as long as short
Aster CLUSD1	−0.0283%	4h	92.984	+0.056%	$24.0M	$72.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0258%	4h	92.840	−0.099%	$53K	$631K	25x	as long as short
Binance CLUSDT	−0.0245%	4h	92.955	+0.024%	$245.1M	$976.1M	100x	as long as short
Variational Omni CL	−0.0240%	4h	92.898	−0.037%	$13.4M	$11.0M	—	as long as short
Gate CL_USDT	−0.0111%	8h	92.900	−0.034%	$20.9M	$53.9M	100x	as long as short
Nado WTI-PERPshort	−0.0069%	1h	92.977	+0.048%	$965K	$675K	10x
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.196%	$402K	$946K	15x	as long as short
tradeXYZ xyz:CL	−0.0044%	1h	92.950	+0.019%	$184.7M	$220.5M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.974	+0.046%	$274K	$884K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0033%	1h	92.920	−0.013%	$2.5M	$1.7M	10x	as long as short
Ondo Perps WTI-USD.P	−0.0030%	1h	92.880	−0.056%	$3.5M	$5.7M	20x	as long as short
OKX CL-USDT-SWAP	−0.0016%	4h	92.950	+0.019%	$42.9M	$105.0M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.911	−0.022%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.980	+0.052%	$27.0M	$82.1M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.942	+0.011%	$42.0M	$43.9M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.920	−0.013%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USDlong	0.0000%	1h	92.932	long leg	$18K	$240K	10x
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.478	−0.489%	$5K	—	150x	as long as short
Aftermath Perps WTIUSD	+0.0010%	1h	92.873	−0.063%	$2K	$28K	5x	as long as short
Paradex CL-USD-PERP	+0.0030%	8h	92.913	−0.020%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.934	+0.002%	$11.2M	$10.4M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.980	+0.052%	$2.1M	$24.2M	10x	as long as short
RISEx CL/USDC	+0.0037%	1h	93.042	+0.119%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.360	−0.616%	$726K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.940	+0.009%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.944	+0.013%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.934	+0.002%	$2.1M	$61K	20x	as long as short
edgeX CLUSDC	+0.0061%	4h	92.816	−0.125%	$528K	$303K	30x	as long as short
KuCoin CLUSDTM	+0.0078%	4h	92.969	+0.040%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.939	+0.008%	$332K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.840	−0.099%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.897	−0.038%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.925	−0.008%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.04	+9.796%	$19K	$11K	30x	as long as short