CL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0490%/8h= −53.7% APRnext payment −$0.61 per $10,000 · paid last 24h −0.015%

Price spread now: Deribit against Nado−0.121%46s7-day average −0.018% · 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—prices read too far apart to compare

costs, in and out, $10k−$190.188% of the position

Long on Nado Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.049%+$5 on $10k

Price spread, last 4 days (all we have)−0.047%−$5 · spread now −0.121%, 7d avg −0.018%

Together, before fees+0.003%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Deribit is 0.102% cheaper against Nado than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.018%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.049% in total (about 5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.61 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	Nado WTI-PERP	93.272	−0.0118	get 0.0015% / 1h	16m 31s	$964K	$629K	10x
Short	Deribit WTIOIL_USDC-PERPETUAL	93.160	−0.0608	pay 0.0076% / 1h	16m 31s	$199K	$370K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.121%Rate

Funding earned: −$102.92
Price spread: −0.121% → −0.018%: −$10.22
Slippage, 4 orders: −$4.83
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$131.97
Costs to cover: 0.188%
Break-even: never at this rate

Slippage from Nado: live order book, 37 min ago; Deribit: live order book, 37 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, 37 min ago	0.05 bp	6.1 bp −$6	9.0 bp −$90	30.9 bp −$3,088	doesn't fit
Sell Deribit live order book, 37 min ago	0.54 bp	5.1 bp −$5	7.4 bp −$74	doesn't fit	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-PERPETUALshort	−0.0608%	1h	93.160	−0.121%	$199K	$370K	15x
GRVT CL_USDT_Perp	−0.0326%	4h	93.123	−0.161%	$54K	$645K	25x	as long as short
Aster CLUSD1	−0.0279%	4h	93.233	−0.042%	$24.3M	$66.0M	20x	as long as short
Binance CLUSDT	−0.0186%	4h	93.212	−0.065%	$246.0M	$940.0M	100x	as long as short
Variational Omni CL	−0.0167%	4h	93.119	−0.165%	$13.3M	$10.9M	—	as long as short
Ondo Perps WTI-USD.P	−0.0134%	1h	93.140	−0.142%	$3.5M	$5.4M	20x	as long as short
Bitget CLUSDT	−0.0132%	4h	93.202	−0.075%	$42.0M	$43.2M	100x	as long as short
Aftermath Perps WTIUSD	−0.0127%	1h	93.207	−0.071%	$2K	$27K	5x	as long as short
Nado WTI-PERPlong	−0.0118%	1h	93.272	long leg	$964K	$629K	10x
Gate CL_USDT	−0.0067%	8h	93.150	−0.131%	$21.3M	$51.5M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.208	−0.069%	$281K	$958K	25x	as long as short
OKX CL-USDT-SWAP	−0.0060%	4h	93.210	−0.067%	$42.7M	$102.9M	50x	as long as short
tradeXYZ xyz:CL	−0.0055%	1h	93.207	−0.070%	$184.5M	$217.7M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.121%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.190	−0.088%	$2.3M	$1.9M	10x	as long as short
Paradex CL-USD-PERP	−0.0027%	8h	93.191	−0.087%	$16K	$367	5x	as long as short
edgeX CLUSDC	−0.0025%	4h	93.146	−0.136%	$524K	$306K	30x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.260	−0.013%	$37K	$41K	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.255	−0.019%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.215	−0.062%	$26.8M	$80.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.276	+0.003%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.192	−0.086%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.753	−0.557%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0004%	4h	93.238	−0.037%	$7.1M	$2.4M	50x	as long as short
Lighter WTI	+0.0008%	1h	93.207	−0.070%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0008%	1h	93.250	−0.024%	$2.0M	$18.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.150	−0.131%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.230	−0.045%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.210	−0.067%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.185	−0.094%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.208	−0.069%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.250	−0.024%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.180	−0.099%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0181%	4h	93.180	−0.099%	$4.0M	$999K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.37	+9.755%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0223% / S −0.0151%	1h	93.195	−0.083%	$81K	—	111x	as long as short