CL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.008%

Price spread now: Lighter against Extended−0.049%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs+$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

costs, in and out, $10k−$80.081% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.965%+$96 on $10k

Price spread, last 7 days+0.054%+$5 · spread now −0.049%, 7d avg −0.071%

Together, before fees+1.019%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$102 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.022% dearer against Extended than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WTI-USD	93.220	0.0032	pay 0.0004% / 1h	30m 12s	$2.0M	$19.0M	10x
Short	Lighter WTI	93.174	0.0024	get 0.0003% / 1h	30m 12s	$11.2M	$10.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Extended. 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 ExtendedbpFee LighterbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$1.68
Price spread: −0.049% → −0.071%: $2.17
Slippage, 4 orders: −$3.11
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$7.62
Costs to cover: 0.081%
Break-even: never at this rate

Slippage from Extended: live order book, 4 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 Extended live order book, 4 min ago	0.16 bp	2.7 bp −$3	3.1 bp −$31	17.8 bp −$1,776	doesn't fit
Sell Lighter live order book, 8 min ago	0.48 bp	0.9 bp −$1	1.3 bp −$13	6.3 bp −$631	29.3 bp −$14.6K

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	−0.0608%	1h	93.130	−0.097%	$199K	$370K	15x	as long as short
GRVT CL_USDT_Perp	−0.0272%	4h	93.220	+0.001%	$54K	$645K	25x	as long as short
Aster CLUSD1	−0.0261%	4h	93.210	−0.011%	$24.1M	$66.6M	20x	as long as short
Binance CLUSDT	−0.0173%	4h	93.175	−0.049%	$245.5M	$941.0M	100x	as long as short
Variational Omni CL	−0.0156%	4h	93.159	−0.066%	$13.4M	$10.9M	—	as long as short
Bitget CLUSDT	−0.0126%	4h	93.163	−0.061%	$41.9M	$43.3M	100x	as long as short
Nado WTI-PERP	−0.0123%	1h	93.232	+0.013%	$964K	$631K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0119%	1h	93.220	0.000%	$3.5M	$5.4M	20x	as long as short
Aftermath Perps WTIUSD	−0.0113%	1h	93.225	+0.005%	$2K	$27K	5x	as long as short
edgeX CLUSDC	−0.0074%	4h	93.201	−0.020%	$524K	$306K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.171	−0.053%	$277K	$958K	25x	as long as short
Gate CL_USDT	−0.0057%	8h	93.130	−0.097%	$21.2M	$51.3M	100x	as long as short
OKX CL-USDT-SWAP	−0.0040%	4h	93.160	−0.064%	$42.7M	$102.8M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.190	−0.032%	$401K	$927K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.170	−0.054%	$2.3M	$1.8M	10x	as long as short
tradeXYZ xyz:CL	−0.0032%	1h	93.175	−0.048%	$184.4M	$217.9M	20x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.260	+0.043%	$37K	$41K	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.263	+0.046%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.190	−0.032%	$26.9M	$80.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.253	+0.035%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.173	−0.050%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.741	−0.514%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0004%	4h	93.239	+0.020%	$7.1M	$2.4M	50x	as long as short
Paradex CL-USD-PERP	+0.0015%	8h	93.218	−0.002%	$16K	$367	5x	as long as short
Lighter WTIshort	+0.0024%	1h	93.174	−0.049%	$11.2M	$10.3M	20x
Extended WTI-USDlong	+0.0032%	1h	93.220	long leg	$2.0M	$19.0M	10x
StandX CL-USD	+0.0040%	1h	93.170	−0.054%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.200	−0.021%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.180	−0.043%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.176	−0.047%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.175	−0.049%	$331K	$597K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.240	+0.021%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.145	−0.080%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0204%	4h	93.230	+0.011%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.51	+9.966%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0221% / S −0.0149%	1h	93.175	−0.048%	$81K	—	111x	as long as short