Funding you earn now, next payment 05:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h 0.000%
Price spread now: Phoenix against Lighter+0.034%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.982%−$98 on $10k
+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 +$1 a day on $10k at the current rate, and Phoenix is 0.034% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.982%, 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 | 93.338 | −0.0024 | get 0.0003% / 1h | 53m 20s | $11.2M | $9.8M | 20x |
| Short | Phoenix WTIOIL | 93.370 | 0 | get 0.0000% / 1h | 53m 20s | $37K | $41K | 20x |
Lighter WTI
Phoenix WTIOILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $5.04
- Price spread: +0.034% → 0.000%
- $3.43
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $1.47
- Costs to cover
- 0.070%
- Break-even
- 5.0 days
Slippage unknown: Lighter: live order book, 5 min ago; Phoenix: 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, 5 min ago | 0.38 bp | 0.5 bp $0 | 0.5 bp −$5 | 8.2 bp −$818 | 31.5 bp −$15.7K |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 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 | −0.0821% | 1h | 93.290 | −0.051% | $197K | $372K | 15x | as long as short |
| GRVT CL_USDT_Perp | −0.0340% | 4h | 93.316 | −0.023% | $58K | $649K | 25x | as long as short |
| Aster CLUSD1 | −0.0292% | 4h | 93.366 | +0.030% | $24.3M | $66.5M | 20x | as long as short |
| Kraken Futures PF_WTIOILUSD | −0.0204% | 1h | 93.342 | +0.004% | $282K | $961K | 25x | as long as short |
| Binance CLUSDT | −0.0196% | 4h | 93.341 | +0.003% | $246.4M | $937.0M | 100x | as long as short |
| Ondo Perps WTI-USD.P | −0.0182% | 1h | 93.260 | −0.084% | $3.5M | $5.3M | 20x | as long as short |
| Variational Omni CL | −0.0180% | 4h | 93.309 | −0.031% | $13.3M | $10.9M | — | as long as short |
| Aftermath Perps WTIUSD | −0.0135% | 1h | 93.334 | −0.004% | $2K | $26K | 5x | as long as short |
| Bitget CLUSDT | −0.0134% | 4h | 93.343 | +0.005% | $42.1M | $43.1M | 100x | as long as short |
| Nado WTI-PERP | −0.0123% | 1h | 93.378 | +0.043% | $967K | $622K | 10x | as long as short |
Deribit WTIOIL_USDC-PERPETUAL
GRVT CL_USDT_Perp
Aster CLUSD1
Kraken Futures PF_WTIOILUSD
Binance CLUSDT
Ondo Perps WTI-USD.P
Variational Omni CL
Aftermath Perps WTIUSD
Bitget CLUSDT
Nado WTI-PERPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CL | −0.0083% | 1h | 93.346 | +0.009% | $184.6M | $215.4M | 20x | as long as short |
| edgeX CLUSDC | −0.0077% | 4h | 93.325 | −0.014% | $525K | $305K | 30x | as long as short |
| Gate CL_USDT | −0.0074% | 8h | 93.290 | −0.051% | $21.5M | $49.1M | 100x | as long as short |
| OKX CL-USDT-SWAP | −0.0068% | 4h | 93.320 | −0.019% | $42.6M | $102.6M | 50x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | −0.0040% | 1h | 93.160 | −0.191% | $403K | $929K | 15x | as long as short |
| QFEX CL-USD | −0.0032% | 1h | 93.310 | −0.030% | $2.3M | $2.1M | 10x | as long as short |
| Lighter WTIlong | −0.0024% | 1h | 93.338 | long leg | $11.2M | $9.8M | 20x | |
| Paradex CL-USD-PERP | −0.0013% | 8h | 93.305 | −0.035% | $16K | $367 | 5x | as long as short |
| dYdX WTI-USD | 0.0000% | 1h | 93.329 | −0.009% | $8K | $3K | 5x | as long as short |
| Bybit CLUSDT | 0.0000% | 8h | 93.359 | +0.022% | $27.0M | $79.9M | 150x | as long as short |
| RISEx CL/USDC | 0.0000% | 1h | 93.373 | +0.037% | $3.1M | $2.9M | 20x | as long as short |
| Phoenix WTIOILshort | 0.0000% | 1h | 93.370 | +0.034% | $37K | $41K | 20x | |
| Bullet WTIOIL-USD | 0.0000% | 1h | 93.337 | −0.001% | $19K | $241K | 10x | as long as short |
| gTrade (Gains Network) WTI/USD | L 0.0000% / S +0.0036% | 1h | 92.907 | −0.462% | $5K | — | 150x | as long as short |
| Extended WTI-USD | +0.0024% | 1h | 93.390 | +0.056% | $2.0M | $18.1M | 10x | as long as short |
| KuCoin CLUSDTM | +0.0030% | 4h | 93.337 | −0.001% | $7.1M | $2.4M | 50x | as long as short |
| StandX CL-USD | +0.0040% | 1h | 93.280 | −0.062% | $738K | $2.9M | 40x | as long as short |
| Vest CL-PERP | +0.0046% | 1h | 93.340 | +0.002% | — | $313K | 10x | as long as short |
| Pacifica CL | +0.0047% | 1h | 93.318 | −0.021% | $331K | $576K | 10x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.0050% | 1h | 93.329 | −0.010% | $1.7M | $1.3M | 20x | as long as short |
| SoDEX CL-USD | +0.0050% | 1h | 93.331 | −0.007% | $2.1M | $60K | 20x | as long as short |
| ApeX Omni CLUSDT | +0.0100% | 1h | 93.290 | −0.051% | $54K | $267K | 50x | as long as short |
| Aevo WTIOIL-PERP | +0.0104% | 1h | 93.304 | −0.037% | $4K | — | 10x | as long as short |
| BloFin CL-USDT | +0.0173% | 4h | 93.300 | −0.041% | $4.0M | $985K | 50x | as long as short |
| Injective WTI/USDC PERP | +0.0220% | 1h | 102.57 | +9.893% | $19K | $11K | 30x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | L +0.0229% / S −0.0159% | 1h | 93.335 | −0.003% | $82K | — | 111x | as long as short |
tradeXYZ xyz:CL
edgeX CLUSDC
Gate CL_USDT
OKX CL-USDT-SWAP
Coinbase International WTIOIL-PERP-INTX
QFEX CL-USD
Paradex CL-USD-PERP
dYdX WTI-USD
Bybit CLUSDT
RISEx CL/USDC
Bullet WTIOIL-USD
gTrade (Gains Network) WTI/USD
Extended WTI-USD
KuCoin CLUSDTM
StandX CL-USD
Vest CL-PERP
Pacifica CL
Polymarket Perps WTIOIL-USD
SoDEX CL-USD
ApeX Omni CLUSDT
Aevo WTIOIL-PERP
BloFin CL-USDT
Injective WTI/USDC PERP
GMX WTIOIL/USD [ETH-USDC]