Settings8H · net · $10k
Funding arb · Price arb /

CL

RWAall CL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0008%/8h= −0.9% APRnext payment $0.01 per $10,000 · paid last 24h +0.017%
Price spread now: RISEx against Lighter+0.025%84s7-day average +0.146% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$100.100% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.972%−$97 on $10k
Price spread, last 7 days+0.033%+$3 · spread now +0.025%, 7d avg +0.146%
Together, before fees−0.940%+ Points / potential airdropLighter: Season 3 · farm board−$94 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: RISEx is 0.120% cheaper against Lighter than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.146%. The two prices were read 84 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter WTI93.4540.0008pay 0.0001% / 1h12m 02s$11.3M$9.7M20x
ShortRISEx CL/USDC93.4780get 0.0000% / 1h12m 02s$3.0M$2.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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

Funding earned
−$1.68
Price spread: +0.025% → +0.146%
−$12.02
Slippage, 4 orders
−$4.01
Fee Lighter: 0 bp × 2 orders
$0
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$23.71
Costs to cover
0.100%
Break-even
never at this rate
Slippage from Lighter: live order book, 6 min ago; RISEx: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 6 min ago0.48 bp0.5 bp −$11.1 bp −$117.5 bp −$74729.7 bp −$14.8K
Sell RISEx live order book, 2 min ago1.44 bp4.4 bp −$45.2 bp −$52doesn't fitdoesn't fit

CL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit WTIOIL_USDC-PERPETUAL−0.0606%1h93.410−0.047%$196K$386K15xas long as short
Aster CLUSD1−0.0289%4h93.490+0.039%$24.5M$65.7M20xas long as short
GRVT CL_USDT_Perp−0.0282%4h93.471+0.019%$57K$618K25xas long as short
Binance CLUSDT−0.0156%4h93.417−0.039%$247.3M$919.3M100xas long as short
Variational Omni CL−0.0143%4h93.519+0.069%$13.3M$10.7Mas long as short
Aftermath Perps WTIUSD−0.0139%1h93.509+0.059%$2K$26K5xas long as short
Kraken Futures PF_WTIOILUSD−0.0137%1h93.453−0.001%$276K$967K25xas long as short
Ondo Perps WTI-USD.P−0.0136%1h93.370−0.090%$3.5M$5.3M20xas long as short
Gate CL_USDT−0.0122%8h93.400−0.058%$22.6M$50.3M100xas long as short
Bitget CLUSDT−0.0120%4h93.434−0.021%$42.3M$42.2M100xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:CL−0.0082%1h93.473+0.020%$184.8M$205.3M20xas long as short
Nado WTI-PERP−0.0060%1h93.496+0.045%$961K$635K10xas long as short
OKX CL-USDT-SWAP−0.0045%4h93.450−0.004%$42.8M$102.0M50xas long as short
QFEX CL-USD−0.0023%1h93.420−0.036%$2.3M$2.4M10xas long as short
Coinbase International WTIOIL-PERP-INTX−0.0008%1h93.540+0.092%$405K$917K15xas long as short
edgeX CLUSDC−0.0005%4h93.520+0.070%$526K$307K30xas long as short
dYdX WTI-USD0.0000%1h93.486+0.034%$8K$3K5xas long as short
Bybit CLUSDT0.0000%8h93.460+0.006%$26.7M$79.2M150xas long as short
RISEx CL/USDCshort0.0000%1h93.478+0.025%$3.0M$2.9M20x
Phoenix WTIOIL0.0000%1h93.450−0.004%$37K$39K20xas long as short
Bullet WTIOIL-USD0.0000%1h93.435−0.020%$19K$239K10xas long as short
gTrade (Gains Network) WTI/USDL 0.0000% / S +0.0036%1h92.975−0.513%$5K150xas long as short
Lighter WTIlong+0.0008%1h93.454long leg$11.3M$9.7M20x
Paradex CL-USD-PERP+0.0012%8h93.411−0.046%$16K$3675xas long as short
Extended WTI-USD+0.0032%1h93.510+0.060%$2.0M$15.1M10xas long as short
StandX CL-USD+0.0040%1h93.480+0.028%$741K$2.8M40xas long as short
Vest CL-PERP+0.0046%1h93.460+0.006%$313K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h93.450−0.004%$1.7M$1.3M20xas long as short
SoDEX CL-USD+0.0050%1h93.440−0.015%$2.1M$60K20xas long as short
Pacifica CL+0.0100%1h93.411−0.046%$332K$573K10xas long as short
KuCoin CLUSDTM+0.0100%4h93.475+0.022%$7.1M$2.4M50xas long as short
ApeX Omni CLUSDT+0.0100%1h93.480+0.028%$54K$266K50xas long as short
Aevo WTIOIL-PERP+0.0104%1h93.418−0.039%$4K10xas long as short
BloFin CL-USDT+0.0200%4h93.490+0.039%$4.1M$969K50xas long as short
Injective WTI/USDC PERP+0.0220%1h102.82+10.021%$19K$11K30xas long as short
GMX WTIOIL/USD [ETH-USDC]L +0.0248% / S −0.0183%1h93.435−0.020%$84K111xas long as short