CL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.019%

Price spread now: Nado against Lighter+0.076%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$110.114% of the position

Long on Lighter Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−1.159%−$116 on $10k

Price spread, last 7 days−0.118%−$12 · spread now +0.076%, 7d avg +0.091%

Together, before fees−1.277%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board−$128 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.091%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WTI	92.190	−0.0080	get 0.0010% / 1h	23m 00s	$11.2M	$10.9M	20x
Short	Nado WTI-PERP	92.260	−0.0143	pay 0.0018% / 1h	23m 00s	$925K	$737K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.076%Rate

Funding earned: −$13.24
Price spread: +0.076% → +0.091%: −$1.5
Slippage, 4 orders: −$4.44
Fee Lighter: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$26.18
Costs to cover: 0.114%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; Nado: live order book, 55 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	0.05 bp	2.0 bp −$2	3.2 bp −$32	11.8 bp −$1,178	36.3 bp −$18.2K
Sell Nado live order book, 55 min ago	0.11 bp	4.2 bp −$4	9.7 bp −$97	31.5 bp −$3,150	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
Kraken Futures PF_WTIOILUSD	−0.0449%	1h	92.243	+0.057%	$273K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0316%	4h	92.230	+0.043%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0269%	4h	92.220	+0.033%	$24.0M	$77.4M	20x	as long as short
Binance CLUSDT	−0.0184%	4h	92.200	+0.011%	$244.7M	$1.09B	100x	as long as short
Variational Omni CL	−0.0162%	4h	92.224	+0.037%	$13.4M	$12.5M	—	as long as short
Nado WTI-PERPshort	−0.0143%	1h	92.260	+0.076%	$925K	$737K	10x
Lighter WTIlong	−0.0080%	1h	92.190	long leg	$11.2M	$10.9M	20x
Paradex CL-USD-PERP	−0.0068%	8h	92.186	−0.004%	$15K	$367	5x	as long as short
Ondo Perps WTI-USD.P	−0.0056%	1h	92.190	0.000%	$3.5M	$6.3M	20x	as long as short
QFEX CL-USD	−0.0054%	1h	92.210	+0.022%	$2.4M	$2.3M	10x	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	−0.0053%	1h	92.207	+0.018%	$186.4M	$275.0M	20x	as long as short
Gate CL_USDT	−0.0032%	8h	92.130	−0.065%	$21.3M	$58.0M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.210	+0.022%	$333K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.274	+0.091%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.200	+0.011%	$25.9M	$94.3M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.190	0.000%	$43.0M	$112.9M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.332	+0.154%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.198	+0.009%	$42.0M	$51.7M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.300	+0.119%	$37K	$101K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.211	+0.023%	$19K	$241K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	92.220	+0.033%	$96K	$189K	15x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.174%	$399K	$963K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.754	−0.473%	$5K	—	150x	as long as short
edgeX CLUSDC	+0.0016%	4h	92.258	+0.074%	$530K	$325K	30x	as long as short
Extended WTI-USD	+0.0032%	1h	92.230	+0.043%	$2.0M	$26.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.230	+0.043%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.250	+0.065%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.204	+0.015%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.205	+0.016%	$2.0M	$39K	20x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.246	+0.061%	$7.1M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.320	+0.141%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.180	−0.011%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.205	+0.016%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.18	+9.753%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.210	+0.022%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0289%	1h	92.248	+0.063%	$2K	$29K	5x	as long as short