CL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h +0.001%

Price spread now: Lighter against Bullet+0.006%7-day average −0.155% · 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+$2as in the Price arb table

costs, in and out, $10k−$140.139% of the position

Long on Bullet Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+1.088%+$109 on $10k

Price spread, last 4 days (all we have)−0.015%−$1 · spread now +0.006%, 7d avg −0.155%

Together, before fees+1.074%+ Points / potential airdropLighter: Season 3 · farm board+$107 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.161% dearer against Bullet than usual: you sell high and buy low (spread +0.006% now, against its 7-day average of −0.155%): +$16 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 34 days. Mind the row above: over the last 3 days funding on this pair paid +1.088%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet WTIOIL-USD	93.338	0	get 0.0000% / 1h	50m 45s	$19K	$241K	10x
Short	Lighter WTI	93.343	−0.0016	pay 0.0002% / 1h	50m 45s	$11.2M	$9.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bullet. 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 BulletbpFee LighterbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$3.36
Price spread: +0.006% → −0.155%: $16.09
Slippage, 4 orders: −$5.85
Fee Bullet: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$1.12
Costs to cover: 0.139%
Break-even: from the start

Slippage from Bullet: live order book, 63 min ago; Lighter: live order book, 8 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 Bullet live order book, 63 min ago	0.54 bp	6.2 bp −$6	16.8 bp −$168	doesn't fit	doesn't fit
Sell Lighter live order book, 8 min ago	0.38 bp	0.5 bp $0	1.0 bp −$10	5.4 bp −$541	25.7 bp −$12.8K

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	−0.0714%	1h	93.310	−0.030%	$197K	$372K	15x	as long as short
GRVT CL_USDT_Perp	−0.0348%	4h	93.320	−0.019%	$58K	$649K	25x	as long as short
Aster CLUSD1	−0.0295%	4h	93.370	+0.035%	$24.3M	$66.5M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.348	+0.011%	$283K	$962K	25x	as long as short
Binance CLUSDT	−0.0197%	4h	93.341	+0.004%	$246.5M	$936.5M	100x	as long as short
Variational Omni CL	−0.0185%	4h	93.329	−0.010%	$13.3M	$10.9M	—	as long as short
Ondo Perps WTI-USD.P	−0.0161%	1h	93.300	−0.040%	$3.5M	$5.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0137%	1h	93.325	−0.013%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0134%	4h	93.343	+0.006%	$42.1M	$43.1M	100x	as long as short
Nado WTI-PERP	−0.0128%	1h	93.388	+0.054%	$967K	$621K	10x	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	−0.0079%	1h	93.348	+0.011%	$184.6M	$215.4M	20x	as long as short
Gate CL_USDT	−0.0074%	8h	93.300	−0.040%	$21.6M	$49.1M	100x	as long as short
OKX CL-USDT-SWAP	−0.0068%	4h	93.340	+0.003%	$42.6M	$102.5M	50x	as long as short
edgeX CLUSDC	−0.0065%	4h	93.310	−0.029%	$524K	$306K	30x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.190%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.320	−0.019%	$2.3M	$2.1M	10x	as long as short
Lighter WTIshort	−0.0016%	1h	93.343	+0.006%	$11.2M	$9.8M	20x
Paradex CL-USD-PERP	−0.0012%	8h	93.322	−0.016%	$16K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	−0.009%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.360	+0.024%	$27.0M	$79.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.396	+0.063%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.380	+0.045%	$37K	$41K	20x	as long as short
Bullet WTIOIL-USDlong	0.0000%	1h	93.338	long leg	$19K	$241K	10x
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.895	−0.474%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	93.390	+0.056%	$2.0M	$18.0M	10x	as long as short
KuCoin CLUSDTM	+0.0032%	4h	93.366	+0.030%	$7.1M	$2.4M	50x	as long as short
StandX CL-USD	+0.0040%	1h	93.320	−0.019%	$738K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.350	+0.013%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.339	+0.002%	$331K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.334	−0.004%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.344	+0.007%	$2.1M	$60K	20x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.330	−0.008%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.304	−0.036%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0172%	4h	93.340	+0.003%	$4.0M	$983K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.57	+9.894%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0229% / S −0.0159%	1h	93.335	−0.003%	$82K	—	111x	as long as short