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: Kraken Futures against Lighter+0.002%7-day average +0.160% · you sell dearer than you buy

Net, funding: paid 7d − costs−$165as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$200.202% of the position

Long on Lighter Short on Kraken Futures

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)−0.348%−$35 · spread now +0.002%, 7d avg +0.160%

Together, before fees−1.795%+ Points / potential airdropLighter: Season 3 · farm board−$179 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.159% cheaper against Lighter than usual: you would sell low and buy high (spread +0.002% now, against its 7-day average of +0.160%). If the spread goes back, that is −$16 on $10k: about 5.1 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −1.447%, 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	92.968	0	get 0.0000% / 1h	6m 26s	$11.2M	$10.6M	20x
Short	Kraken Futures PF_WTIOILUSD	92.970	0.0105	get 0.0013% / 1h	6m 26s	$274K	$872K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.002%Rate

Funding earned: $21.99
Price spread: +0.002% → +0.160%: −$15.87
Slippage, 4 orders: −$10.2
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$14.08
Costs to cover: 0.202%
Break-even: 11.5 days

Slippage from Lighter: live order book, 7 min ago; Kraken Futures: live order book, 62 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, 7 min ago	0.16 bp	0.6 bp −$1	1.3 bp −$13	7.7 bp −$766	32.7 bp −$16.3K
Sell Kraken Futures live order book, 62 min ago	3.23 bp	8.8 bp −$9	22.0 bp −$220	doesn't fit	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	−0.0610%	1h	92.900	−0.073%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0264%	4h	92.978	+0.011%	$24.0M	$68.1M	20x	as long as short
GRVT CL_USDT_Perp	−0.0246%	4h	92.885	−0.089%	$53K	$635K	25x	as long as short
Binance CLUSDT	−0.0207%	4h	92.980	+0.013%	$244.7M	$951.7M	100x	as long as short
Variational Omni CL	−0.0197%	4h	92.897	−0.076%	$13.5M	$11.2M	—	as long as short
Ondo Perps WTI-USD.P	−0.0165%	1h	92.890	−0.084%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0148%	1h	93.029	+0.066%	$961K	$655K	10x	as long as short
OKX CL-USDT-SWAP	−0.0082%	4h	92.980	+0.013%	$42.8M	$102.2M	50x	as long as short
Extended WTI-USD	−0.0080%	1h	93.010	+0.045%	$2.1M	$22.1M	10x	as long as short
tradeXYZ xyz:CL	−0.0073%	1h	92.977	+0.010%	$184.3M	$216.8M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSD	−0.0073%	1h	92.955	−0.014%	$2K	$27K	5x	as long as short
Gate CL_USDT	−0.0066%	8h	92.910	−0.062%	$20.9M	$53.2M	100x	as long as short
edgeX CLUSDC	−0.0065%	4h	92.900	−0.073%	$529K	$302K	30x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.234%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.950	−0.019%	$2.5M	$1.7M	10x	as long as short
Bitget CLUSDT	−0.0020%	4h	92.972	+0.004%	$42.1M	$43.5M	100x	as long as short
Lighter WTIlong	0.0000%	1h	92.968	long leg	$11.2M	$10.6M	20x
dYdX WTI-USD	0.0000%	1h	92.937	−0.034%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.990	+0.024%	$26.6M	$80.8M	150x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.940	−0.030%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.980	+0.013%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.549	−0.451%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0006%	4h	92.984	+0.017%	$7.1M	$2.4M	50x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	92.956	−0.013%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.940	−0.030%	$733K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.990	+0.024%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.989	+0.023%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.925	−0.046%	$2.1M	$60K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	93.057	+0.096%	$3.1M	$2.9M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.964	−0.004%	$331K	$619K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.960	−0.009%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.905	−0.068%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSDshort	+0.0105%	1h	92.970	+0.002%	$274K	$872K	25x
BloFin CL-USDT	+0.0162%	4h	92.930	−0.041%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.935	−0.035%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.10	+9.821%	$19K	$11K	30x	as long as short