CL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.12 per $10,000 · paid last 24h −0.013%

Price spread now: tradeXYZ against Lighter−0.001%7-day average +0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$210.211% of the position

Long on Lighter Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−1.108%−$111 on $10k

Price spread, last 7 days+0.019%+$2 · spread now −0.001%, 7d avg +0.085%

Together, before fees−1.089%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board−$109 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and tradeXYZ is 0.086% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.085%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WTI	93.113	−0.0016	get 0.0002% / 1h	36m 23s	$11.2M	$10.5M	20x
Short	tradeXYZ xyz:CL	93.112	−0.0110	pay 0.0014% / 1h	36m 23s	$184.9M	$215.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$19.8
Price spread: −0.001% → +0.085%: −$8.64
Slippage, 4 orders: −$3.07
Fee Lighter: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$49.51
Costs to cover: 0.211%
Break-even: never at this rate

Slippage from Lighter: live order book, 7 min ago; tradeXYZ: live order book, 4 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, 7 min ago	0.05 bp	2.4 bp −$2	2.8 bp −$28	9.2 bp −$923	32.9 bp −$16.4K
Sell tradeXYZ live order book, 4 min ago	0.11 bp	9.5 bp −$9	10.3 bp −$103	doesn't fit	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0609%	1h	93.070	−0.046%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0252%	4h	93.120	+0.008%	$24.0M	$67.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0242%	4h	93.158	+0.048%	$64K	$648K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0196%	1h	93.119	+0.006%	$274K	$872K	25x	as long as short
Binance CLUSDT	−0.0194%	4h	93.110	−0.003%	$244.7M	$951.8M	100x	as long as short
Variational Omni CL	−0.0183%	4h	93.158	+0.048%	$13.5M	$11.0M	—	as long as short
Ondo Perps WTI-USD.P	−0.0122%	1h	93.070	−0.046%	$3.5M	$5.6M	20x	as long as short
tradeXYZ xyz:CLshort	−0.0110%	1h	93.112	−0.001%	$184.9M	$215.6M	20x
Aftermath Perps WTIUSD	−0.0096%	1h	93.111	−0.002%	$2K	$27K	5x	as long as short
Bitget CLUSDT	−0.0092%	4h	93.095	−0.019%	$42.0M	$43.9M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0070%	4h	93.120	+0.008%	$42.6M	$102.8M	50x	as long as short
Gate CL_USDT	−0.0054%	8h	93.070	−0.046%	$20.9M	$51.6M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.390%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0043%	1h	93.090	−0.025%	$2.5M	$1.7M	10x	as long as short
edgeX CLUSDC	−0.0037%	4h	93.129	+0.017%	$530K	$300K	30x	as long as short
Nado WTI-PERP	−0.0035%	1h	93.164	+0.055%	$963K	$653K	10x	as long as short
Lighter WTIlong	−0.0016%	1h	93.113	long leg	$11.2M	$10.5M	20x
KuCoin CLUSDTM	−0.0014%	4h	93.170	+0.061%	$7.1M	$2.4M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	93.113	0.000%	$8K	$3K	5x	as long as short
Extended WTI-USD	0.0000%	1h	93.150	+0.040%	$2.0M	$21.1M	10x	as long as short
Bybit CLUSDT	0.0000%	8h	93.110	−0.003%	$26.7M	$80.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.174	+0.066%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.130	+0.018%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.118	+0.006%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.679	−0.466%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0012%	8h	93.092	−0.023%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	93.140	+0.029%	$735K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.130	+0.018%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.117	+0.004%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.095	−0.019%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	93.105	−0.009%	$329K	$621K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.100	−0.014%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.077	−0.039%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0171%	4h	93.100	−0.014%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0213% / S −0.0140%	1h	93.115	+0.002%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.19	+9.744%	$19K	$11K	30x	as long as short