CL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0698%/8h= +76.4% APRnext payment +$0.87 per $10,000 · paid last 24h +0.041%

Price spread now: Lighter against Deribit+0.034%7-day average −0.161% · 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+$9as in the Price arb table

costs, in and out, $10k−$100.101% of the position

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+1.120%+$112 on $10k

Price spread, last 4 days (all we have)+0.101%+$10 · spread now +0.034%, 7d avg −0.161%

Together, before fees+1.221%+ Points / potential airdropLighter: Season 3 · farm board+$122 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Lighter is 0.195% dearer against Deribit than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.161%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WTIOIL_USDC-PERPETUAL	93.290	−0.0714	get 0.0089% / 1h	52m 17s	$197K	$372K	15x
Short	Lighter WTI	93.322	−0.0016	pay 0.0002% / 1h	52m 17s	$11.2M	$9.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Deribit. 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 DeribitbpFee LighterbpOrdersPrice spread, now +0.034%Rate

Funding earned: $146.54
Price spread: +0.034% → −0.161%: $19.5
Slippage, 4 orders: −$3.09
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $155.95
Costs to cover: 0.101%
Break-even: from the start

Slippage from Deribit: live order book, 61 min ago; Lighter: live order book, 6 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 Deribit live order book, 61 min ago	0.54 bp	4.0 bp −$4	7.1 bp −$71	doesn't fit	doesn't fit
Sell Lighter live order book, 6 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-PERPETUALlong	−0.0714%	1h	93.290	long leg	$197K	$372K	15x
GRVT CL_USDT_Perp	−0.0340%	4h	93.316	+0.028%	$58K	$649K	25x	as long as short
Aster CLUSD1	−0.0294%	4h	93.350	+0.064%	$24.3M	$66.5M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.343	+0.056%	$282K	$962K	25x	as long as short
Binance CLUSDT	−0.0197%	4h	93.321	+0.033%	$246.4M	$936.5M	100x	as long as short
Variational Omni CL	−0.0180%	4h	93.309	+0.020%	$13.3M	$10.9M	—	as long as short
Ondo Perps WTI-USD.P	−0.0172%	1h	93.260	−0.032%	$3.5M	$5.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0137%	1h	93.325	+0.038%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0134%	4h	93.313	+0.025%	$42.1M	$43.1M	100x	as long as short
Nado WTI-PERP	−0.0129%	1h	93.411	+0.129%	$967K	$622K	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	−0.0083%	1h	93.346	+0.060%	$184.6M	$215.4M	20x	as long as short
edgeX CLUSDC	−0.0077%	4h	93.325	+0.038%	$525K	$305K	30x	as long as short
Gate CL_USDT	−0.0074%	8h	93.290	0.000%	$21.6M	$49.1M	100x	as long as short
OKX CL-USDT-SWAP	−0.0068%	4h	93.340	+0.054%	$42.6M	$102.5M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.139%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.320	+0.032%	$2.3M	$2.1M	10x	as long as short
Lighter WTIshort	−0.0016%	1h	93.322	+0.034%	$11.2M	$9.8M	20x
Paradex CL-USD-PERP	−0.0012%	8h	93.333	+0.046%	$16K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	+0.042%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.340	+0.054%	$27.0M	$79.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.400	+0.117%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.370	+0.086%	$37K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.342	+0.055%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.893	−0.426%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0024%	1h	93.380	+0.096%	$2.0M	$18.1M	10x	as long as short
KuCoin CLUSDTM	+0.0030%	4h	93.351	+0.065%	$7.1M	$2.4M	50x	as long as short
StandX CL-USD	+0.0040%	1h	93.320	+0.032%	$738K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.350	+0.064%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.352	+0.067%	$331K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.343	+0.057%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.335	+0.048%	$2.1M	$60K	20x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.290	0.000%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.303	+0.014%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0173%	4h	93.300	+0.011%	$4.0M	$985K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.57	+9.950%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0229% / S −0.0159%	1h	93.335	+0.048%	$82K	—	111x	as long as short