CL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0153%/8h= +16.7% APRnext payment +$0.19 per $10,000 · paid last 24h +0.015%

Price spread now: Polymarket Perps against Lighter+0.002%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$160.159% of the position

Long on Lighter Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.925%−$93 on $10k

Price spread, last 7 days−0.004%$0 · spread now +0.002%, 7d avg +0.074%

Together, before fees−0.929%+ Points / potential airdropLighter: Season 3 · farm board−$93 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.072% cheaper against Lighter than usual: you would sell low and buy high (spread +0.002% now, against its 7-day average of +0.074%). If the spread goes back, that is −$7 on $10k: about 37 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.925%, 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	92.078	−0.0128	get 0.0016% / 1h	43m 11s	$11.2M	$10.9M	20x
Short	Polymarket Perps WTIOIL-USD	92.080	0.0025	get 0.0003% / 1h	43m 11s	$1.6M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now +0.002%Rate

Funding earned: $32.12
Price spread: +0.002% → +0.074%: −$7.16
Slippage, 4 orders: −$7.86
Fee Lighter: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $9.11
Costs to cover: 0.159%
Break-even: 5.0 days

Slippage from Lighter: live order book, 5 min ago; Polymarket Perps: live order book, 5 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	1.5 bp −$2	2.2 bp −$22	10.5 bp −$1,047	33.4 bp −$16.7K
Sell Polymarket Perps live order book, 5 min ago	2.50 bp	6.6 bp −$7	7.4 bp −$74	10.9 bp −$1,093	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	−0.0450%	1h	92.112	+0.037%	$275K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0304%	4h	92.024	−0.059%	$58K	$702K	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0293%	1h	92.100	+0.024%	$96K	$189K	15x	as long as short
Aster CLUSD1	−0.0227%	4h	92.093	+0.016%	$24.0M	$77.6M	20x	as long as short
Nado WTI-PERP	−0.0178%	1h	92.133	+0.060%	$924K	$741K	10x	as long as short
Binance CLUSDT	−0.0149%	4h	92.090	+0.013%	$245.4M	$1.10B	100x	as long as short
Lighter WTIlong	−0.0128%	1h	92.078	long leg	$11.2M	$10.9M	20x
Ondo Perps WTI-USD.P	−0.0128%	1h	92.000	−0.085%	$3.5M	$6.4M	20x	as long as short
Variational Omni CL	−0.0123%	4h	91.994	−0.092%	$13.4M	$12.7M	—	as long as short
tradeXYZ xyz:CL	−0.0110%	1h	92.103	+0.027%	$185.8M	$275.8M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex CL-USD-PERP	−0.0108%	8h	92.042	−0.039%	$15K	$367	5x	as long as short
Bullet WTIOIL-USD	−0.0077%	1h	92.083	+0.006%	$18K	$241K	10x	as long as short
QFEX CL-USD	−0.0054%	1h	92.060	−0.020%	$2.4M	$2.6M	10x	as long as short
Gate CL_USDT	−0.0024%	8h	92.020	−0.063%	$21.3M	$57.5M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.082	+0.005%	$332K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.032%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.102	+0.026%	$25.7M	$94.9M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.080	+0.002%	$43.0M	$113.0M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.200	+0.132%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.077	−0.001%	$41.9M	$51.8M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.070	−0.009%	$37K	$101K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.052%	$399K	$984K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.669	−0.444%	$4K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	92.140	+0.067%	$2.0M	$27.5M	10x	as long as short
Polymarket Perps WTIOIL-USDshort	+0.0025%	1h	92.080	+0.002%	$1.6M	$1.4M	20x
StandX CL-USD	+0.0040%	1h	92.070	−0.009%	$724K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.140	+0.067%	—	$308K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.085	+0.008%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0059%	4h	92.037	−0.044%	$529K	$336K	30x	as long as short
Aftermath Perps WTIUSD	+0.0068%	1h	92.079	+0.001%	$2K	$29K	5x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.078	0.000%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.150	+0.078%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.053	−0.027%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	92.085	+0.008%	$76K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.28	+9.988%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.070	−0.009%	$4.0M	$1.4M	50x	as long as short