CL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0054%/8h= −6.0% APRnext payment −$0.07 per $10,000 · paid last 24h −0.002%

Price spread now: Ondo Perps against Lighter+0.013%7-day average +0.040% · you sell dearer than you buy

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

Long on Lighter Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.986%−$99 on $10k

Price spread, last 7 days+0.056%+$6 · spread now +0.013%, 7d avg +0.040%

Together, before fees−0.930%+ Points / potential airdropLighter: Season 3 · Ondo Perps: Active · farm board−$93 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Ondo Perps is 0.027% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.040%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WTI	92.868	0.0032	pay 0.0004% / 1h	57m 11s	$11.2M	$10.3M	20x
Short	Ondo Perps WTI-USD.P	92.880	−0.0022	pay 0.0003% / 1h	57m 11s	$3.5M	$5.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$11.42
Price spread: +0.013% → +0.040%: −$2.74
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$19.17
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 6 min ago; Ondo Perps: 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, 6 min ago	0.16 bp	0.2 bp $0	1.8 bp −$18	9.0 bp −$900	29.9 bp −$14.9K
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Deribit WTIOIL_USDC-PERPETUAL	−0.0504%	1h	92.830	−0.041%	$198K	$366K	15x	as long as short
Aster CLUSD1	−0.0244%	4h	92.904	+0.039%	$24.0M	$71.1M	20x	as long as short
Variational Omni CL	−0.0211%	4h	92.799	−0.075%	$13.5M	$11.1M	—	as long as short
Binance CLUSDT	−0.0210%	4h	92.865	−0.003%	$244.7M	$963.1M	100x	as long as short
GRVT CL_USDT_Perp	−0.0210%	4h	92.938	+0.075%	$61K	$633K	25x	as long as short
Nado WTI-PERP	−0.0095%	1h	92.942	+0.080%	$962K	$670K	10x	as long as short
Gate CL_USDT	−0.0092%	8h	92.810	−0.062%	$20.9M	$52.0M	100x	as long as short
tradeXYZ xyz:CL	−0.0058%	1h	92.884	+0.017%	$184.7M	$219.5M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.127%	$402K	$946K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.870	+0.002%	$2.5M	$1.7M	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0029%	4h	92.808	−0.065%	$528K	$303K	30x	as long as short
Ondo Perps WTI-USD.Pshort	−0.0022%	1h	92.880	+0.013%	$3.5M	$5.7M	20x
Aftermath Perps WTIUSD	−0.0013%	1h	92.896	+0.030%	$2K	$28K	5x	as long as short
OKX CL-USDT-SWAP	−0.0003%	4h	92.860	−0.009%	$42.8M	$102.5M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.909	+0.044%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.887	+0.020%	$26.9M	$81.5M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.856	−0.013%	$41.9M	$43.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.930	+0.067%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.879	+0.012%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.425	−0.477%	$5K	—	150x	as long as short
Lighter WTIlong	+0.0032%	1h	92.868	long leg	$11.2M	$10.3M	20x
Extended WTI-USD	+0.0032%	1h	92.910	+0.045%	$2.1M	$23.6M	10x	as long as short
Paradex CL-USD-PERP	+0.0035%	8h	92.882	+0.015%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.330	−0.579%	$726K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.910	+0.045%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.894	+0.028%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.867	−0.001%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	93.007	+0.150%	$3.3M	$2.7M	20x	as long as short
KuCoin CLUSDTM	+0.0084%	4h	92.866	−0.002%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.886	+0.019%	$332K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.930	+0.067%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.840	−0.030%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.889	+0.023%	$273K	$882K	25x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.865	−0.003%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.15	+9.992%	$19K	$11K	30x	as long as short