CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0531%/8h= +58.2% APRnext payment +$0.66 per $10,000 · paid last 24h +0.035%

Price spread now: Nado against Deribit+0.152%7-day average +0.020% · 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−$6as in the Price arb table

costs, in and out, $10k−$200.196% of the position

Long on Deribit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.038%−$4 on $10k

Price spread, last 4 days (all we have)−0.047%−$5 · spread now +0.152%, 7d avg +0.020%

Together, before fees−0.085%+ Points / potential airdropNado: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Nado is 0.132% dearer against Deribit than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.020%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.038% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.66 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WTIOIL_USDC-PERPETUAL	93.420	−0.0606	get 0.0076% / 1h	53m 13s	$195K	$389K	15x
Short	Nado WTI-PERP	93.562	−0.0074	pay 0.0009% / 1h	53m 13s	$960K	$629K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Deribit. 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 DeribitbpFee NadobpOrdersPrice spread, now +0.152%Rate

Funding earned: $111.55
Price spread: +0.152% → +0.020%: $13.22
Slippage, 4 orders: −$5.58
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $105.18
Costs to cover: 0.196%
Break-even: 0.4 days

Slippage from Deribit: live order book, 50 min ago; Nado: live order book, 50 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 Deribit live order book, 50 min ago	0.53 bp	6.2 bp −$6	8.6 bp −$86	doesn't fit	doesn't fit
Sell Nado live order book, 50 min ago	0.11 bp	4.2 bp −$4	8.0 bp −$80	28.0 bp −$2,803	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-PERPETUALlong	−0.0606%	1h	93.420	long leg	$195K	$389K	15x
GRVT CL_USDT_Perp	−0.0292%	4h	93.580	+0.171%	$73K	$628K	25x	as long as short
Aster CLUSD1	−0.0289%	4h	93.509	+0.095%	$24.7M	$64.6M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0209%	1h	93.465	+0.048%	$276K	$966K	25x	as long as short
Binance CLUSDT	−0.0165%	4h	93.480	+0.064%	$247.5M	$921.0M	100x	as long as short
Variational Omni CL	−0.0152%	4h	93.658	+0.254%	$13.5M	$10.6M	—	as long as short
Gate CL_USDT	−0.0126%	8h	93.380	−0.043%	$22.8M	$48.4M	100x	as long as short
Bitget CLUSDT	−0.0122%	4h	93.484	+0.069%	$42.4M	$42.1M	100x	as long as short
Aftermath Perps WTIUSD	−0.0118%	1h	93.540	+0.129%	$2K	$26K	5x	as long as short
Nado WTI-PERPshort	−0.0074%	1h	93.562	+0.152%	$960K	$629K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0057%	4h	93.470	+0.054%	$42.6M	$103.1M	50x	as long as short
QFEX CL-USD	−0.0038%	1h	93.470	+0.054%	$2.3M	$2.4M	10x	as long as short
Lighter WTI	−0.0016%	1h	93.461	+0.044%	$11.3M	$9.1M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.128%	$405K	$860K	15x	as long as short
edgeX CLUSDC	−0.0016%	4h	93.690	+0.289%	$527K	$304K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.484	+0.069%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.474	+0.058%	$26.7M	$79.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.495	+0.080%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.600	+0.193%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.455	+0.037%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.978	−0.473%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0004%	8h	93.421	+0.001%	$16K	$367	5x	as long as short
Ondo Perps WTI-USD.P	+0.0006%	1h	93.390	−0.032%	$3.7M	$5.4M	20x	as long as short
tradeXYZ xyz:CL	+0.0015%	1h	93.510	+0.096%	$184.9M	$202.1M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.470	+0.054%	$1.9M	$15.1M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.640	+0.235%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.500	+0.086%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.490	+0.075%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.466	+0.049%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.463	+0.046%	$349K	$594K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.519	+0.106%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.740	+0.343%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.423	+0.003%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0182%	4h	93.490	+0.075%	$4.1M	$985K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.83	+10.075%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0252% / S −0.0187%	1h	93.435	+0.016%	$84K	—	111x	as long as short