CL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0095%/8h= +10.4% APRnext payment +$0.12 per $10,000 · paid last 24h +0.100%

Price spread now: GMX against Lighter+0.075%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and GMX is 0.075% dearer against Lighter than usual: you sell high and buy low: +$8 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	Lighter WTI	91.846	0.0032	pay 0.0004% / 1h	7m 15s	$11.0M	$12.3M	20x
Short	GMX WTIOIL/USD [ETH-USDC]	91.915	L +0.0212% / S −0.0127%	get 0.0016% / 1h	7m 15s	$76K	—	29x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.075%Rate

Funding earned: $20.04
Price spread: +0.075% → 0.000%: $7.51
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $15.55
Costs to cover: 0.120%
Break-even: 1.6 days

Slippage unknown: Lighter: live order book, 11 min ago; GMX: no order-book sample. 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 Lighter live order book, 11 min ago	0.22 bp	0.3 bp $0	1.1 bp −$11	12.9 bp −$1,290	77.0 bp −$38.5K
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 35 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
QFEX CL-USD	−0.0019%	1h	91.900	+0.059%	$2.4M	$2.6M	10x	as long as short
Aster CLUSD1	0.0000%	4h	91.961	+0.125%	$24.5M	$77.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.854	+0.009%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.930	+0.092%	$246.3M	$1.14B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.900	+0.059%	$25.1M	$99.9M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.930	+0.091%	$43.0M	$116.6M	50x	as long as short
Gate CL_USDT	0.0000%	8h	91.850	+0.004%	$21.2M	$63.4M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.914	+0.074%	$42.1M	$67.5M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.913	+0.073%	$13.6M	$16.1M	—	as long as short
GRVT CL_USDT_Perp	0.0000%	4h	91.871	+0.027%	$58K	$774K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet WTIOIL-USD	0.0000%	1h	91.916	+0.076%	$17K	$241K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	91.940	+0.102%	$95K	$260K	15x	as long as short
Aftermath Perps WTIUSD	+0.0004%	1h	91.890	+0.048%	$2K	$31K	5x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.990	+0.157%	$33K	$99K	20x	as long as short
Paradex CL-USD-PERP	+0.0011%	8h	91.891	+0.049%	$15K	$367	5x	as long as short
edgeX CLUSDC	+0.0022%	4h	91.866	+0.022%	$528K	$341K	30x	as long as short
Lighter WTIlong	+0.0032%	1h	91.846	long leg	$11.0M	$12.3M	20x
Extended WTI-USD	+0.0032%	1h	91.961	+0.125%	$2.0M	$29.5M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	91.880	+0.037%	$17K	$18K	30x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0040%	1h	91.932	+0.093%	$257K	$1.3M	25x	as long as short
StandX CL-USD	+0.0040%	1h	91.920	+0.081%	$725K	$3.1M	40x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0040%	1h	92.080	+0.255%	$393K	$1.3M	15x	as long as short
Vest CL-PERP	+0.0046%	1h	92.020	+0.189%	—	$243K	10x	as long as short
tradeXYZ xyz:CL	+0.0050%	1h	91.907	+0.066%	$182.4M	$289.7M	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	91.912	+0.072%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.910	+0.070%	$2.0M	$39K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	91.840	−0.007%	$3.5M	$6.5M	20x	as long as short
Pacifica CL	+0.0100%	1h	91.919	+0.079%	$336K	$573K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.910	+0.070%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	91.860	+0.015%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.883	+0.041%	$4K	—	10x	as long as short
Nado WTI-PERP	+0.0185%	1h	91.908	+0.067%	$881K	$788K	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]short	L +0.0212% / S −0.0127%	1h	91.915	+0.075%	$76K	—	29x
BloFin CL-USDT	+0.0240%	4h	91.860	+0.015%	$4.0M	$1.5M	50x	as long as short
RISEx CL/USDC	+0.0266%	1h	92.031	+0.201%	$3.2M	$2.7M	20x	as long as short