CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0160%/8h= −17.5% APRnext payment −$0.20 per $10,000 · paid last 24h −0.033%

Price spread now: Nado against SoDEX+0.005%47s7-day average +0.043% · 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—prices read too far apart to compare

costs, in and out, $10k−$480.485% of the position

Long on SoDEX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.129%−$13 on $10k

Price spread, last 4 days (all we have)+0.110%+$11 · spread now +0.005%, 7d avg +0.043%

Together, before fees−0.020%+ Points / potential airdropNado: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Nado is 0.038% cheaper against SoDEX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.043%). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX CL-USD	93.260	0.0050	pay 0.0006% / 1h	6m 31s	$2.1M	$62K	20x
Short	Nado WTI-PERP	93.265	−0.0110	pay 0.0014% / 1h	6m 31s	$955K	$613K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against SoDEX. 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 SoDEXbpFee NadobpOrdersPrice spread, now +0.005%Rate

Funding earned: −$33.51
Price spread: +0.005% → +0.043%: −$3.81
Slippage, 4 orders: −$33.45
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$85.77
Costs to cover: 0.485%
Break-even: never at this rate

Slippage from SoDEX: live order book, 2 min ago; Nado: live order book, 32 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 SoDEX live order book, 2 min ago	0.54 bp	19.6 bp −$20	84.5 bp −$845	doesn't fit	doesn't fit
Sell Nado live order book, 32 min ago	0.48 bp	5.0 bp −$5	8.7 bp −$87	27.0 bp −$2,699	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	−0.0393%	1h	93.260	0.000%	$195K	$398K	15x	as long as short
Aster CLUSD1	−0.0256%	4h	93.256	−0.005%	$24.8M	$62.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0230%	4h	93.059	−0.216%	$77K	$622K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0209%	1h	93.278	+0.019%	$276K	$929K	25x	as long as short
Binance CLUSDT	−0.0141%	4h	93.209	−0.055%	$246.7M	$922.7M	100x	as long as short
Gate CL_USDT	−0.0137%	8h	93.150	−0.118%	$23.2M	$50.7M	100x	as long as short
Variational Omni CL	−0.0136%	4h	93.053	−0.222%	$13.5M	$10.6M	—	as long as short
Nado WTI-PERPshort	−0.0110%	1h	93.265	+0.005%	$955K	$613K	10x
Bitget CLUSDT	−0.0104%	4h	93.203	−0.061%	$42.2M	$41.4M	100x	as long as short
edgeX CLUSDC	−0.0089%	4h	93.053	−0.222%	$523K	$304K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSD	−0.0087%	1h	93.122	−0.148%	$1K	$26K	5x	as long as short
OKX CL-USDT-SWAP	−0.0073%	4h	93.210	−0.054%	$42.6M	$103.2M	50x	as long as short
QFEX CL-USD	−0.0038%	1h	93.210	−0.054%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CL	−0.0016%	1h	93.242	−0.019%	$184.5M	$196.4M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.300%	$405K	$810K	15x	as long as short
Lighter WTI	−0.0008%	1h	93.201	−0.063%	$11.2M	$9.2M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0006%	1h	93.230	−0.032%	$3.6M	$5.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.288	+0.030%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.233	−0.029%	$26.9M	$79.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.260	0.000%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.240	−0.021%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.244	−0.017%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.791	−0.503%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	93.210	−0.053%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.250	−0.011%	$1.7M	$15.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.290	+0.032%	$739K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.210	−0.054%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.222	−0.041%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USDlong	+0.0050%	1h	93.260	long leg	$2.1M	$62K	20x
Pacifica CL	+0.0100%	1h	93.231	−0.032%	$347K	$589K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.253	−0.008%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.120	−0.150%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.251	−0.009%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0163%	4h	93.250	−0.011%	$4.1M	$985K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.515%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0260% / S −0.0207%	1h	93.255	−0.005%	$84K	—	111x	as long as short