CL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0432%/8h= −47.3% APRnext payment −$0.54 per $10,000 · paid last 24h +0.001%

Price spread now: Lighter against Coinbase International−0.062%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs+$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$140.142% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+1.324%+$132 on $10k

Price spread, last 3 days (all we have)+0.187%+$19 · spread now −0.062%, 7d avg −0.064%

Together, before fees+1.511%+ Points / potential airdropLighter: Season 3 · farm board+$151 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.064%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +1.324%, 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	Coinbase International WTIOIL-PERP-INTX	91.920	0.0112	pay 0.0014% / 1h	26m 40s	$397K	$1.2M	15x
Short	Lighter WTI	91.863	−0.0320	pay 0.0040% / 1h	26m 40s	$11.0M	$11.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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 Coinbase InternationalbpFee LighterbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$90.72
Price spread: −0.062% → −0.064%: $0.18
Slippage, 4 orders: −$4.25
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$104.79
Costs to cover: 0.142%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Lighter: live order book, 7 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 Coinbase International live order book, 2 min ago	1.63 bp	6.6 bp −$7	8.7 bp −$87	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	0.05 bp	0.3 bp $0	1.0 bp −$10	7.6 bp −$760	39.3 bp −$19.6K

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
Lighter WTIshort	−0.0320%	1h	91.863	−0.062%	$11.0M	$11.2M	20x
Deribit WTIOIL_USDC-PERPETUAL	−0.0294%	1h	91.910	−0.011%	$95K	$260K	15x	as long as short
Aftermath Perps WTIUSD	−0.0204%	1h	91.932	+0.013%	$2K	$30K	5x	as long as short
Nado WTI-PERP	−0.0182%	1h	91.962	+0.046%	$923K	$748K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0181%	1h	91.880	−0.044%	$3.5M	$6.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0157%	1h	91.913	−0.008%	$184.9M	$284.1M	20x	as long as short
Bullet WTIOIL-USD	−0.0143%	1h	91.882	−0.041%	$18K	$240K	10x	as long as short
GRVT CL_USDT_Perp	−0.0114%	4h	91.887	−0.036%	$58K	$726K	25x	as long as short
Paradex CL-USD-PERP	−0.0105%	8h	91.877	−0.046%	$15K	$367	5x	as long as short
Aster CLUSD1	−0.0081%	4h	91.910	−0.010%	$23.9M	$78.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps WTIOIL-USD	−0.0019%	1h	91.889	−0.034%	$1.6M	$1.4M	20x	as long as short
Extended WTI-USD	−0.0016%	1h	91.960	+0.044%	$2.0M	$29.0M	10x	as long as short
StandX CL-USD	−0.0002%	1h	91.890	−0.033%	$722K	$3.1M	40x	as long as short
dYdX WTI-USD	0.0000%	1h	91.939	+0.021%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.889	−0.034%	$245.4M	$1.12B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.910	−0.011%	$25.3M	$97.3M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.890	−0.033%	$43.1M	$113.9M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.890	−0.033%	$2.4M	$2.6M	10x	as long as short
Gate CL_USDT	0.0000%	8h	91.830	−0.098%	$21.2M	$59.1M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.886	−0.037%	$42.0M	$53.9M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.884	−0.040%	$13.4M	$13.6M	—	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.475	−0.484%	$4K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.970	+0.054%	$37K	$99K	20x	as long as short
edgeX CLUSDC	+0.0013%	4h	91.933	+0.014%	$529K	$340K	30x	as long as short
Vest CL-PERP	+0.0046%	1h	92.000	+0.087%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.895	−0.027%	$2.0M	$39K	20x	as long as short
ApeX Omni CLUSDT	+0.0065%	1h	91.870	−0.054%	$55K	$266K	50x	as long as short
Pacifica CL	+0.0100%	1h	91.901	−0.021%	$332K	$579K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.916	−0.004%	$7.3M	$2.1M	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.873	−0.051%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTXlong	+0.0112%	1h	91.920	long leg	$397K	$1.2M	15x
Injective WTI/USDC PERP	+0.0172%	1h	100.99	+9.871%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	91.885	−0.038%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.910	−0.011%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0451%	1h	91.912	−0.009%	$260K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	92.010	+0.097%	$3.2M	$2.8M	20x	as long as short