CL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0105%/8h= −11.5% APRnext payment −$0.13 per $10,000 · paid last 24h +0.021%

Price spread now: Lighter against Kraken Futures−0.022%7-day average −0.160% · you buy dearer than you sell

Net, funding: paid 7d − costs+$125as in the Funding arb table

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

costs, in and out, $10k−$200.200% of the position

Long on Kraken Futures Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+1.447%+$145 on $10k

Price spread, last 4 days (all we have)+0.368%+$37 · spread now −0.022%, 7d avg −0.160%

Together, before fees+1.815%+ Points / potential airdropLighter: Season 3 · farm board+$181 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.138% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.022% now, against its 7-day average of −0.160%): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.4 days. Mind the row above: over the last 7 days funding on this pair paid +1.447%, 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	Kraken Futures PF_WTIOILUSD	93.006	0.0105	pay 0.0013% / 1h	5m 06s	$274K	$872K	25x
Short	Lighter WTI	92.985	0	get 0.0000% / 1h	5m 06s	$11.2M	$10.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Kraken Futures. 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 Kraken FuturesbpFee LighterbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$21.98
Price spread: −0.022% → −0.160%: $13.83
Slippage, 4 orders: −$9.98
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$28.13
Costs to cover: 0.200%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 63 min ago; Lighter: live order book, 3 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 Kraken Futures live order book, 63 min ago	3.23 bp	10.7 bp −$11	16.7 bp −$167	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	0.22 bp	0.2 bp $0	0.3 bp −$3	7.4 bp −$736	26.2 bp −$13.1K

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	−0.0502%	1h	92.960	−0.049%	$199K	$369K	15x	as long as short
Aster CLUSD1	−0.0263%	4h	92.990	−0.017%	$24.0M	$68.0M	20x	as long as short
GRVT CL_USDT_Perp	−0.0246%	4h	92.885	−0.129%	$53K	$635K	25x	as long as short
Binance CLUSDT	−0.0207%	4h	92.999	−0.007%	$244.8M	$952.8M	100x	as long as short
Variational Omni CL	−0.0200%	4h	92.957	−0.052%	$13.5M	$11.2M	—	as long as short
Ondo Perps WTI-USD.P	−0.0166%	1h	92.940	−0.071%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0147%	1h	93.049	+0.046%	$962K	$655K	10x	as long as short
OKX CL-USDT-SWAP	−0.0083%	4h	92.980	−0.028%	$42.8M	$102.3M	50x	as long as short
Extended WTI-USD	−0.0080%	1h	93.050	+0.048%	$2.1M	$22.1M	10x	as long as short
Aftermath Perps WTIUSD	−0.0075%	1h	92.967	−0.041%	$2K	$27K	5x	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	−0.0074%	1h	92.996	−0.010%	$184.4M	$216.9M	20x	as long as short
Gate CL_USDT	−0.0064%	8h	92.930	−0.081%	$20.9M	$53.2M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.275%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.960	−0.049%	$2.5M	$1.7M	10x	as long as short
edgeX CLUSDC	−0.0030%	4h	92.944	−0.066%	$529K	$302K	30x	as long as short
Bitget CLUSDT	−0.0024%	4h	92.990	−0.017%	$42.0M	$43.5M	100x	as long as short
Lighter WTIshort	0.0000%	1h	92.985	−0.022%	$11.2M	$10.6M	20x
dYdX WTI-USD	0.0000%	1h	93.014	+0.009%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.010	+0.005%	$26.6M	$80.9M	150x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.010	+0.005%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.980	−0.028%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.546	−0.494%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0006%	4h	92.992	−0.015%	$7.1M	$2.4M	50x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	92.982	−0.025%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.940	−0.071%	$733K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.000	−0.006%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.990	−0.017%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.982	−0.025%	$2.1M	$60K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	93.076	+0.076%	$3.1M	$2.9M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.995	−0.012%	$331K	$619K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.960	−0.049%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.952	−0.058%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSDlong	+0.0105%	1h	93.006	long leg	$274K	$872K	25x
BloFin CL-USDT	+0.0159%	4h	93.000	−0.006%	$4.1M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0209% / S −0.0134%	1h	92.975	−0.033%	$79K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.10	+9.776%	$19K	$11K	30x	as long as short