Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0055%/8h= −6.1% APRpaid last 24h −0.003%

Price spread now: Gate against Nado−0.146%7-day average −0.060% · 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−$38as in the Price arb table

costs, in and out, $10k−$290.291% of the position

Long on Nado Short on Gate

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 7 days+0.086%+$9 · spread now −0.146%, 7d avg −0.060%

Together, before fees+0.013%+ Points / potential airdropNado: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.086% cheaper against Nado than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.060%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WTI-PERP	93.707	−0.0056	get 0.0007% / 1h	23m 18s	$966K	$620K	10x
Short	Gate CL_USDT	93.570	−0.0111	pay 0.0111% / 8h	1h 23m	$22.5M	$49.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.146%Rate

Funding earned: −$11.63
Price spread: −0.146% → −0.060%: −$8.59
Slippage, 4 orders: −$7.11
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$49.33
Costs to cover: 0.291%
Break-even: never at this rate

Slippage from Nado: live order book, 20 min ago; Gate: live order book, 6 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, 20 min ago	0.11 bp	5.2 bp −$5	10.2 bp −$102	32.3 bp −$3,232	doesn't fit
Sell Gate live order book, 6 min ago	0.54 bp	9.0 bp −$9	12.3 bp −$123	27.3 bp −$2,733	35.0 bp −$17.5K

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	−0.0497%	1h	93.620	−0.093%	$197K	$383K	15x	as long as short
Aster CLUSD1	−0.0275%	4h	93.689	−0.019%	$24.6M	$65.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0262%	4h	93.658	−0.053%	$58K	$618K	25x	as long as short
Binance CLUSDT	−0.0148%	4h	93.660	−0.050%	$247.1M	$916.2M	100x	as long as short
Aftermath Perps WTIUSD	−0.0142%	1h	93.649	−0.062%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.670	−0.039%	$283K	$960K	25x	as long as short
Variational Omni CL	−0.0136%	4h	93.629	−0.084%	$13.5M	$10.6M	—	as long as short
Ondo Perps WTI-USD.P	−0.0125%	1h	93.600	−0.114%	$3.5M	$5.3M	20x	as long as short
Gate CL_USDTshort	−0.0111%	8h	93.570	−0.146%	$22.5M	$49.5M	100x
Bitget CLUSDT	−0.0104%	4h	93.630	−0.082%	$42.3M	$42.0M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0078%	1h	93.653	−0.058%	$185.2M	$205.0M	20x	as long as short
Nado WTI-PERPlong	−0.0056%	1h	93.707	long leg	$966K	$620K	10x
edgeX CLUSDC	−0.0037%	4h	93.643	−0.068%	$526K	$305K	30x	as long as short
QFEX CL-USD	−0.0023%	1h	93.640	−0.072%	$2.3M	$2.4M	10x	as long as short
OKX CL-USDT-SWAP	−0.0020%	4h	93.650	−0.061%	$43.0M	$101.8M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.221%	$404K	$916K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.649	−0.062%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.655	−0.056%	$26.9M	$79.0M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.701	−0.006%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.730	+0.025%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.663	−0.047%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.189	−0.553%	$5K	—	150x	as long as short
Lighter WTI	+0.0016%	1h	93.651	−0.060%	$11.3M	$9.6M	20x	as long as short
Paradex CL-USD-PERP	+0.0021%	8h	93.633	−0.079%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.700	−0.007%	$2.0M	$15.5M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.680	−0.029%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.670	−0.040%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.648	−0.063%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.649	−0.062%	$2.1M	$61K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.643	−0.069%	$333K	$574K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.670	−0.040%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.750	+0.046%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.619	−0.094%	$4K	—	10x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.97	+9.888%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0221%	4h	93.640	−0.072%	$4.0M	$971K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0247% / S −0.0181%	1h	93.645	−0.066%	$84K	—	111x	as long as short