CL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.008%

Price spread now: Extended against Lighter+0.003%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$70.074% of the position

Long on Lighter Short on Extended

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−0.008%−$1 · spread now +0.003%, 7d avg +0.071%

Together, before fees−0.973%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$97 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.068% cheaper against Lighter than usual: you would sell low and buy high (spread +0.003% now, against its 7-day average of +0.071%). If the spread goes back, that is −$7 on $10k: about 14 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.965%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WTI	93.527	0.0016	pay 0.0002% / 1h	13m 03s	$11.2M	$9.9M	20x
Short	Extended WTI-USD	93.530	0.0032	get 0.0004% / 1h	13m 03s	$2.0M	$16.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Lighter. 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 LighterbpFee ExtendedbpOrdersPrice spread, now +0.003%Rate

Funding earned: $3.36
Price spread: +0.003% → +0.071%: −$6.81
Slippage, 4 orders: −$2.39
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$10.84
Costs to cover: 0.074%
Break-even: 29.6 days

Slippage from Lighter: live order book, 5 min ago; Extended: 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 Lighter live order book, 5 min ago	0.11 bp	0.4 bp $0	0.9 bp −$9	9.0 bp −$898	37.1 bp −$18.6K
Sell Extended live order book, 6 min ago	0.05 bp	3.6 bp −$4	7.0 bp −$70	23.6 bp −$2,358	doesn't fit

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	−0.0391%	1h	93.510	−0.018%	$197K	$377K	15x	as long as short
GRVT CL_USDT_Perp	−0.0288%	4h	93.460	−0.072%	$58K	$629K	25x	as long as short
Aster CLUSD1	−0.0287%	4h	93.550	+0.025%	$24.4M	$64.8M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0203%	1h	93.533	+0.007%	$286K	$959K	25x	as long as short
Binance CLUSDT	−0.0180%	4h	93.529	+0.002%	$246.3M	$932.8M	100x	as long as short
Variational Omni CL	−0.0170%	4h	93.440	−0.093%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0154%	1h	93.473	−0.058%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0126%	4h	93.517	−0.011%	$42.2M	$42.7M	100x	as long as short
Nado WTI-PERP	−0.0122%	1h	93.566	+0.042%	$968K	$614K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0083%	1h	93.470	−0.061%	$3.5M	$5.4M	20x	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	−0.0076%	8h	93.470	−0.061%	$22.0M	$50.1M	100x	as long as short
tradeXYZ xyz:CL	−0.0072%	1h	93.515	−0.013%	$185.1M	$213.6M	20x	as long as short
OKX CL-USDT-SWAP	−0.0045%	4h	93.540	+0.014%	$42.7M	$102.9M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.500	−0.029%	$404K	$931K	15x	as long as short
edgeX CLUSDC	−0.0040%	4h	93.447	−0.086%	$525K	$307K	30x	as long as short
QFEX CL-USD	−0.0032%	1h	93.500	−0.029%	$2.3M	$2.5M	10x	as long as short
dYdX WTI-USD	0.0000%	1h	93.495	−0.034%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.540	+0.014%	$27.3M	$79.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.576	+0.052%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.500	−0.029%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.506	−0.023%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.054	−0.506%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0016%	8h	93.492	−0.037%	$16K	$367	5x	as long as short
Lighter WTIlong	+0.0016%	1h	93.527	long leg	$11.2M	$9.9M	20x
Extended WTI-USDshort	+0.0032%	1h	93.530	+0.003%	$2.0M	$16.9M	10x
StandX CL-USD	+0.0040%	1h	93.480	−0.050%	$740K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.500	−0.029%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.516	−0.012%	$332K	$577K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.502	−0.027%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.522	−0.005%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0086%	4h	93.534	+0.007%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.460	−0.072%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.505	−0.024%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0194%	4h	93.480	−0.050%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.64	+9.749%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0239% / S −0.0172%	1h	93.535	+0.009%	$84K	—	111x	as long as short