Settings8H · net · $10k
Funding arb · Price arb /

CL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0072%/8h= −7.9% APRnext payment $0.09 per $10,000 · paid last 24h −0.031%
Price spread now: Lighter against Aevo+0.039%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
The price spread pays, funding is against you. Lighter is 0.039% dearer against Aevo than usual: you sell high and buy low (spread +0.039% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 44 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo WTIOIL-PERP93.1540.0104pay 0.0013% / 1h49m 17s$4K10x
ShortLighter WTI93.1910.0032get 0.0004% / 1h49m 17s$11.2M$10.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Aevo. 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

Funding earned
−$15.12
Price spread: +0.039% → 0.000%
$3.95
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Lighter: 0 bp × 2 orders
$0
Net
−$27.17
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; Lighter: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell Lighter live order book, 4 min ago0.32 bp0.7 bp −$11.2 bp −$126.2 bp −$62126.4 bp −$13.2K
Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit WTIOIL_USDC-PERPETUAL−0.0286%1h93.180+0.028%$199K$370K15xas long as short
Aster CLUSD1−0.0262%4h93.220+0.071%$24.1M$66.8M20xas long as short
GRVT CL_USDT_Perp−0.0238%4h93.007−0.158%$54K$658K25xas long as short
Binance CLUSDT−0.0173%4h93.200+0.049%$245.2M$943.2M100xas long as short
Variational Omni CL−0.0167%4h93.119−0.038%$13.5M$10.7Mas long as short
Bitget CLUSDT−0.0124%4h93.192+0.041%$42.0M$43.3M100xas long as short
Nado WTI-PERP−0.0123%1h93.226+0.077%$966K$645K10xas long as short
Aftermath Perps WTIUSD−0.0111%1h93.090−0.069%$2K$27K5xas long as short
Ondo Perps WTI-USD.P−0.0107%1h93.130−0.026%$3.5M$5.3M20xas long as short
edgeX CLUSDC−0.0077%4h93.022−0.142%$526K$303K30xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_WTIOILUSD−0.0061%1h93.205+0.054%$269K$938K25xas long as short
Gate CL_USDT−0.0047%8h93.140−0.015%$21.0M$50.7M100xas long as short
Coinbase International WTIOIL-PERP-INTX−0.0040%1h93.190+0.038%$401K$928K15xas long as short
OKX CL-USDT-SWAP−0.0038%4h93.200+0.049%$42.6M$102.7M50xas long as short
QFEX CL-USD−0.0033%1h93.160+0.006%$2.3M$1.8M10xas long as short
KuCoin CLUSDTM−0.0014%4h93.217+0.067%$7.1M$2.4M50xas long as short
Phoenix WTIOIL−0.0009%1h93.050−0.112%$37K$41K20xas long as short
dYdX WTI-USD0.0000%1h93.160+0.006%$8K$3K5xas long as short
Bybit CLUSDT0.0000%8h93.220+0.071%$26.9M$80.7M150xas long as short
RISEx CL/USDC0.0000%1h93.249+0.102%$3.1M$2.9M20xas long as short
Bullet WTIOIL-USD0.0000%1h93.189+0.038%$19K$242K10xas long as short
gTrade (Gains Network) WTI/USDL 0.0000% / S +0.0036%1h92.755−0.429%$5K150xas long as short
tradeXYZ xyz:CL+0.0003%1h93.196+0.045%$184.8M$218.7M20xas long as short
Paradex CL-USD-PERP+0.0012%8h93.1540.000%$16K$3675xas long as short
Lighter WTIshort+0.0032%1h93.191+0.039%$11.2M$10.3M20x
Extended WTI-USD+0.0032%1h93.230+0.081%$2.0M$19.7M10xas long as short
StandX CL-USD+0.0040%1h93.140−0.015%$736K$2.9M40xas long as short
Vest CL-PERP+0.0046%1h93.180+0.028%$313K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h93.180+0.028%$1.7M$1.3M20xas long as short
SoDEX CL-USD+0.0050%1h93.203+0.052%$2.1M$60K20xas long as short
Pacifica CL+0.0100%1h93.195+0.044%$331K$597K10xas long as short
ApeX Omni CLUSDT+0.0100%1h93.120−0.037%$56K$266K50xas long as short
Aevo WTIOIL-PERPlong+0.0104%1h93.154long leg$4K10x
BloFin CL-USDT+0.0200%4h93.190+0.038%$4.0M$998K50xas long as short
GMX WTIOIL/USD [ETH-USDC]L +0.0219% / S −0.0146%1h93.195+0.044%$81K111xas long as short
Injective WTI/USDC PERP+0.0220%1h102.17+9.674%$19K$11K30xas long as short