CL

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.03 per $10,000 · paid last 24h +0.017%

Price spread now: Bullet against Nado−0.107%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on Nado Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.084%+$8 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.107%, 7d avg −0.025%

Together, before fees+0.140%+ Points / potential airdropNado: Active · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bullet is 0.081% cheaper against Nado than usual: you would sell low and buy high (spread −0.107% now, against its 7-day average of −0.025%). If the spread goes back, that is −$8 on $10k: about 11 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.084% in total) that is about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WTI-PERP	89.726	−0.0025	get 0.0003% / 1h	45m 18s	$875K	$689K	10x
Short	Bullet WTIOIL-USD	89.630	0	get 0.0000% / 1h	45m 18s	$17K	$237K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.107%Rate

Funding earned: $5.24
Price spread: −0.107% → −0.025%: −$8.14
Slippage, 4 orders: −$9.04
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$26.95
Costs to cover: 0.240%
Break-even: 43.0 days

Slippage from Nado: live order book, 66 min ago; Bullet: live order book, 2 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, 66 min ago	1.04 bp	5.8 bp −$6	8.8 bp −$88	28.9 bp −$2,889	doesn't fit
Sell Bullet live order book, 2 min ago	0.56 bp	6.7 bp −$7	18.2 bp −$182	doesn't fit	doesn't fit

CL on 36 exchanges

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	−0.0341%	1h	89.681	−0.050%	$320K	$1.8M	25x	as long as short
Aster CLUSD1	−0.0125%	4h	89.657	−0.077%	$24.3M	$72.0M	20x	as long as short
Bitget CLUSDT	−0.0106%	4h	89.619	−0.119%	$40.8M	$56.8M	100x	as long as short
GRVT CL_USDT_Perp	−0.0106%	4h	89.325	−0.447%	$66K	$632K	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0085%	1h	89.620	−0.118%	$39K	$655K	15x	as long as short
Binance CLUSDT	−0.0080%	4h	89.610	−0.129%	$241.3M	$1.21B	100x	as long as short
tradeXYZ xyz:CL	−0.0074%	1h	89.638	−0.098%	$166.7M	$246.0M	20x	as long as short
Aftermath Perps WTIUSD	−0.0068%	1h	89.508	−0.243%	$1K	$26K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0066%	1h	89.660	−0.073%	$3.4M	$6.3M	20x	as long as short
Variational Omni CL	−0.0056%	4h	89.472	−0.283%	$12.5M	$11.4M	—	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0055%	8h	89.600	−0.140%	$23.1M	$54.0M	100x	as long as short
Extended WTI-USD	−0.0048%	1h	89.630	−0.107%	$1.3M	$14.5M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	89.700	−0.029%	$410K	$1.5M	15x	as long as short
QFEX CL-USD	−0.0025%	1h	89.670	−0.062%	$2.2M	$2.8M	10x	as long as short
Nado WTI-PERPlong	−0.0025%	1h	89.726	long leg	$875K	$689K	10x
OKX CL-USDT-SWAP	−0.0024%	4h	89.610	−0.129%	$39.9M	$132.9M	50x	as long as short
edgeX CLUSDC	−0.0023%	4h	89.388	−0.377%	$494K	$385K	30x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.246	−0.535%	$607	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	89.709	−0.019%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	89.617	−0.121%	$27.1M	$109.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	89.752	+0.029%	$2.8M	$3.1M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	89.470	−0.285%	$32K	$39K	20x	as long as short
Bullet WTIOIL-USDshort	0.0000%	1h	89.630	−0.107%	$17K	$237K	10x
Paradex CL-USD-PERP	+0.0016%	8h	89.644	−0.091%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	89.594	−0.147%	$10.6M	$10.4M	20x	as long as short
StandX CL-USD	+0.0040%	1h	89.390	−0.374%	$689K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	89.630	−0.107%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	89.668	−0.065%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	89.600	−0.140%	$2.0M	$84K	20x	as long as short
Pacifica CL	+0.0100%	1h	89.657	−0.077%	$300K	$737K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	89.622	−0.116%	$6.9M	$3.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	89.370	−0.397%	$52K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	89.589	−0.152%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0165% / S −0.0004%	1h	89.605	−0.135%	$77K	—	111x	as long as short
BloFin CL-USDT	+0.0216%	4h	89.580	−0.163%	$3.9M	$1.1M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	90.137	+0.458%	$16K	$5K	30x	as long as short