CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0111%/8h= +12.2% APRnext payment +$0.14 per $10,000 · paid last 24h +0.025%

Price spread now: Extended against Nado−0.135%7-day average −0.023% · 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−$28as in the Price arb table

costs, in and out, $10k−$170.170% of the position

Long on Nado Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.256%+$26 on $10k

Price spread, last 7 days+0.115%+$12 · spread now −0.135%, 7d avg −0.023%

Together, before fees+0.371%+ Points / potential airdropNado: Active · Extended: Active · farm board+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.112% cheaper against Nado than usual: you would sell low and buy high (spread −0.135% now, against its 7-day average of −0.023%). If the spread goes back, that is −$11 on $10k: about 3.4 days of funding at the current rate (+$3 a day). At the pace of the last 4 days (+0.256% in total) that is about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WTI-PERP	93.717	−0.0079	get 0.0010% / 1h	55m 15s	$962K	$629K	10x
Short	Extended WTI-USD	93.590	0.0032	get 0.0004% / 1h	55m 15s	$1.9M	$15.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.135%Rate

Funding earned: $23.34
Price spread: −0.135% → −0.023%: −$11.2
Slippage, 4 orders: −$4.99
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$4.85
Costs to cover: 0.170%
Break-even: 8.5 days

Slippage from Nado: live order book, 48 min ago; Extended: live order book, 4 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, 48 min ago	0.11 bp	5.2 bp −$5	10.2 bp −$102	32.3 bp −$3,232	doesn't fit
Sell Extended live order book, 4 min ago	0.27 bp	3.7 bp −$4	7.5 bp −$75	24.5 bp −$2,448	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-PERPETUAL	−0.0498%	1h	93.520	−0.210%	$196K	$389K	15x	as long as short
GRVT CL_USDT_Perp	−0.0298%	4h	93.718	+0.001%	$73K	$628K	25x	as long as short
Aster CLUSD1	−0.0290%	4h	93.583	−0.142%	$24.7M	$64.6M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0209%	1h	93.568	−0.159%	$276K	$966K	25x	as long as short
Binance CLUSDT	−0.0165%	4h	93.550	−0.178%	$247.3M	$921.8M	100x	as long as short
Variational Omni CL	−0.0152%	4h	93.658	−0.063%	$13.5M	$10.6M	—	as long as short
Gate CL_USDT	−0.0126%	8h	93.500	−0.231%	$22.9M	$48.3M	100x	as long as short
Bitget CLUSDT	−0.0124%	4h	93.531	−0.198%	$42.4M	$42.1M	100x	as long as short
Aftermath Perps WTIUSD	−0.0122%	1h	93.596	−0.128%	$2K	$26K	5x	as long as short
Nado WTI-PERPlong	−0.0079%	1h	93.717	long leg	$962K	$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	93.510	−0.220%	$42.7M	$103.0M	50x	as long as short
QFEX CL-USD	−0.0038%	1h	93.620	−0.103%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	−0.188%	$405K	$860K	15x	as long as short
edgeX CLUSDC	−0.0016%	4h	93.690	−0.028%	$527K	$304K	30x	as long as short
Lighter WTI	0.0000%	1h	93.528	−0.201%	$11.3M	$9.1M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.699	−0.018%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.561	−0.166%	$26.8M	$79.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.658	−0.063%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.720	+0.004%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.574	−0.152%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.100	−0.658%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0004%	8h	93.597	−0.127%	$16K	$367	5x	as long as short
tradeXYZ xyz:CL	+0.0028%	1h	93.584	−0.141%	$185.1M	$205.2M	20x	as long as short
Extended WTI-USDshort	+0.0032%	1h	93.590	−0.135%	$1.9M	$15.1M	10x
Ondo Perps WTI-USD.P	+0.0037%	1h	93.580	−0.146%	$3.7M	$5.4M	20x	as long as short
StandX CL-USD	+0.0040%	1h	93.680	−0.039%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.600	−0.124%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.585	−0.140%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.545	−0.183%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.676	−0.043%	$350K	$594K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.641	−0.081%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.740	+0.025%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.541	−0.187%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0182%	4h	93.600	−0.124%	$4.1M	$992K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.83	+9.727%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0251% / S −0.0186%	1h	93.675	−0.044%	$84K	—	111x	as long as short