CL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0220%/8h= −24.1% APRnext payment −$0.28 per $10,000 · paid last 24h −0.042%

Price spread now: Lighter against Injective−9.007%96s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (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 against this trade now: funding costs −$7 a day on $10k at the current rate, and Lighter is 9.007% cheaper against Injective than usual: you would sell low and buy high (−$901 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective WTI/USDC PERP	101.95	0.0220	pay 0.0028% / 1h	33m 37s	$19K	$11K	30x
Short	Lighter WTI	92.771	0	get 0.0000% / 1h	33m 37s	$11.2M	$10.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Injective. 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 InjectivebpFee LighterbpOrdersPrice spread, now −9.007%Rate

Funding earned: −$46.2
Price spread: −9.007% → 0.000%: −$900.7
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter: 0 bp × 2 orders: $0
Net: −$946.92
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Lighter: live order book, 5 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 Injective no order-book sample	—	—	—	—	—
Sell Lighter live order book, 5 min ago	0.32 bp	0.4 bp $0	0.6 bp −$6	8.5 bp −$847	35.1 bp −$17.6K

Injective: 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	−0.0612%	1h	92.730	−9.047%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0249%	4h	92.810	−8.969%	$23.9M	$68.8M	20x	as long as short
GRVT CL_USDT_Perp	−0.0232%	4h	92.738	−9.040%	$61K	$625K	25x	as long as short
Binance CLUSDT	−0.0210%	4h	92.831	−8.948%	$244.8M	$955.7M	100x	as long as short
Variational Omni CL	−0.0204%	4h	92.697	−9.080%	$13.5M	$11.1M	—	as long as short
Ondo Perps WTI-USD.P	−0.0170%	1h	92.760	−9.018%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0149%	1h	92.835	−8.944%	$961K	$664K	10x	as long as short
Gate CL_USDT	−0.0091%	8h	92.760	−9.018%	$20.9M	$52.5M	100x	as long as short
tradeXYZ xyz:CL	−0.0070%	1h	92.775	−9.003%	$184.4M	$218.3M	20x	as long as short
OKX CL-USDT-SWAP	−0.0045%	4h	92.820	−8.959%	$42.8M	$102.0M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−9.028%	$402K	$944K	15x	as long as short
Aftermath Perps WTIUSD	−0.0037%	1h	92.760	−9.018%	$2K	$27K	5x	as long as short
QFEX CL-USD	−0.0032%	1h	92.800	−8.979%	$2.5M	$1.7M	10x	as long as short
edgeX CLUSDC	−0.0025%	4h	92.747	−9.030%	$528K	$302K	30x	as long as short
Extended WTI-USD	−0.0008%	1h	92.810	−8.969%	$2.1M	$22.8M	10x	as long as short
Lighter WTIshort	0.0000%	1h	92.771	−9.007%	$11.2M	$10.4M	20x
dYdX WTI-USD	0.0000%	1h	92.761	−9.016%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.830	−8.949%	$26.4M	$81.3M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.815	−8.964%	$41.9M	$43.3M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.790	−8.988%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.756	−9.021%	$18K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.325	−9.444%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0018%	8h	92.760	−9.018%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.460	−9.312%	$727K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.830	−8.949%	—	$310K	10x	as long as short
KuCoin CLUSDTM	+0.0046%	4h	92.764	−9.014%	$7.3M	$2.3M	50x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.756	−9.022%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.757	−9.021%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	92.941	−8.841%	$3.3M	$2.7M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.765	−9.013%	$331K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.830	−8.949%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.719	−9.058%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.767	−9.011%	$273K	$872K	25x	as long as short
BloFin CL-USDT	+0.0204%	4h	92.740	−9.037%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.755	−9.023%	$78K	—	111x	as long as short
Injective WTI/USDC PERPlong	+0.0220%	1h	101.95	long leg	$19K	$11K	30x