CL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h −0.030%

Price spread now: Lighter against ApeX Omni−0.016%48s7-day average −0.149% · you buy dearer than you sell

Net, funding: paid 7d − costs+$44as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$420.415% of the position

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.858%+$86 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.016%, 7d avg −0.149%

Together, before fees+0.903%+ Points / potential airdropLighter: Season 3 · farm board+$90 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.133% dearer against ApeX Omni than usual: you sell high and buy low (spread −0.016% now, against its 7-day average of −0.149%): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.858%, so the current rate has only just turned against you. The two prices were read 48 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	ApeX Omni CLUSDT	93.560	0.0100	pay 0.0013% / 1h	54m 47s	$54K	$266K	50x
Short	Lighter WTI	93.545	0.0032	get 0.0004% / 1h	54m 47s	$11.3M	$9.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against ApeX Omni. 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 ApeX OmnibpFee LighterbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$14.28
Price spread: −0.016% → −0.149%: $13.26
Slippage, 4 orders: −$31.5
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$42.52
Costs to cover: 0.415%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 52 min ago; Lighter: 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 ApeX Omni live order book, 52 min ago	8.57 bp	19.7 bp −$20	192.4 bp −$1,924	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.43 bp	0.4 bp $0	0.6 bp −$6	6.9 bp −$687	25.1 bp −$12.6K

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	−0.0391%	1h	93.490	−0.075%	$196K	$379K	15x	as long as short
Aster CLUSD1	−0.0272%	4h	93.586	+0.028%	$24.5M	$64.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0264%	4h	93.559	−0.001%	$58K	$629K	25x	as long as short
Binance CLUSDT	−0.0159%	4h	93.580	+0.022%	$246.5M	$928.9M	100x	as long as short
Variational Omni CL	−0.0153%	4h	93.499	−0.066%	$13.4M	$10.8M	—	as long as short
Aftermath Perps WTIUSD	−0.0147%	1h	93.518	−0.045%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.520	−0.043%	$286K	$956K	25x	as long as short
Bitget CLUSDT	−0.0114%	4h	93.590	+0.032%	$42.2M	$42.7M	100x	as long as short
Gate CL_USDT	−0.0088%	8h	93.460	−0.107%	$22.2M	$48.2M	100x	as long as short
edgeX CLUSDC	−0.0051%	4h	93.497	−0.067%	$526K	$305K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps WTI-USD.P	−0.0036%	1h	93.580	+0.021%	$3.5M	$5.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0034%	1h	93.544	−0.017%	$184.8M	$210.3M	20x	as long as short
OKX CL-USDT-SWAP	−0.0028%	4h	93.590	+0.032%	$42.7M	$101.9M	50x	as long as short
QFEX CL-USD	−0.0023%	1h	93.520	−0.043%	$2.3M	$2.5M	10x	as long as short
Nado WTI-PERP	−0.0020%	1h	93.536	−0.026%	$969K	$629K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.064%	$404K	$931K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.513	−0.050%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.600	+0.043%	$27.1M	$79.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.568	+0.009%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.570	+0.011%	$38K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.517	−0.046%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.079	−0.514%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0026%	8h	93.534	−0.027%	$16K	$367	5x	as long as short
Lighter WTIshort	+0.0032%	1h	93.545	−0.016%	$11.3M	$9.6M	20x
Extended WTI-USD	+0.0032%	1h	93.560	0.000%	$2.0M	$16.3M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.450	−0.118%	$740K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.530	−0.032%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.522	−0.041%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.504	−0.060%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.577	+0.018%	$333K	$577K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.600	+0.043%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDTlong	+0.0100%	1h	93.560	long leg	$54K	$266K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	93.489	−0.076%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0209%	4h	93.560	0.000%	$4.0M	$980K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.74	+9.816%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0243% / S −0.0176%	1h	93.535	−0.027%	$84K	—	111x	as long as short