CL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.002%

Price spread now: Lighter against gTrade (Gains Network)+0.471%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.471% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$47 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WTI/USD	92.785	L 0.0000% / S +0.0036%	pay 0.0000% / 1h	47m 33s	$5K	—	150x
Short	Lighter WTI	93.222	0.0032	get 0.0004% / 1h	47m 33s	$11.2M	$10.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee LighterbpOrdersPrice spread, now +0.471%Rate

Funding earned: $6.69
Price spread: +0.471% → 0.000%: $47.1
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $45.78
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; Lighter: live order book, 6 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Lighter live order book, 6 min ago	0.32 bp	0.7 bp −$1	1.2 bp −$12	6.2 bp −$621	26.4 bp −$13.2K

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0500%	1h	93.210	+0.458%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0260%	4h	93.250	+0.501%	$24.1M	$66.9M	20x	as long as short
GRVT CL_USDT_Perp	−0.0192%	4h	93.168	+0.413%	$54K	$658K	25x	as long as short
Binance CLUSDT	−0.0172%	4h	93.222	+0.471%	$245.5M	$943.0M	100x	as long as short
Variational Omni CL	−0.0167%	4h	93.119	+0.360%	$13.5M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0126%	1h	93.274	+0.528%	$966K	$645K	10x	as long as short
Bitget CLUSDT	−0.0122%	4h	93.215	+0.463%	$42.0M	$43.3M	100x	as long as short
Aftermath Perps WTIUSD	−0.0113%	1h	93.145	+0.388%	$2K	$27K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0110%	1h	93.200	+0.447%	$3.5M	$5.3M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.262	+0.514%	$269K	$945K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0047%	8h	93.170	+0.415%	$21.0M	$50.8M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.190	+0.436%	$401K	$928K	15x	as long as short
OKX CL-USDT-SWAP	−0.0036%	4h	93.230	+0.480%	$42.7M	$102.8M	50x	as long as short
QFEX CL-USD	−0.0033%	1h	93.210	+0.458%	$2.3M	$1.8M	10x	as long as short
edgeX CLUSDC	−0.0019%	4h	93.176	+0.422%	$524K	$307K	30x	as long as short
KuCoin CLUSDTM	−0.0012%	4h	93.254	+0.505%	$7.1M	$2.4M	50x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.220	+0.469%	$37K	$41K	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.272	+0.525%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.252	+0.503%	$27.0M	$80.9M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.297	+0.552%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.232	+0.482%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USDlong	L 0.0000% / S +0.0036%	1h	92.785	long leg	$5K	—	150x
tradeXYZ xyz:CL	+0.0005%	1h	93.233	+0.483%	$184.6M	$218.9M	20x	as long as short
Paradex CL-USD-PERP	+0.0014%	8h	93.204	+0.452%	$16K	$367	5x	as long as short
Lighter WTIshort	+0.0032%	1h	93.222	+0.471%	$11.2M	$10.3M	20x
Extended WTI-USD	+0.0032%	1h	93.260	+0.512%	$2.0M	$19.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.220	+0.469%	$737K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.230	+0.480%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.236	+0.486%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.250	+0.501%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.233	+0.483%	$331K	$597K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.260	+0.512%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.219	+0.468%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0200%	4h	93.190	+0.436%	$4.0M	$998K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0219% / S −0.0147%	1h	93.265	+0.517%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.17	+10.110%	$19K	$11K	30x	as long as short