CL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0081%/8h= +8.9% APRnext payment +$0.10 per $10,000 · paid last 24h +0.016%

Price spread now: Lighter against Nado−0.030%7-day average −0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$3as in the Price arb table

costs, in and out, $10k−$90.094% of the position

Long on Nado Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+1.161%+$116 on $10k

Price spread, last 7 days+0.055%+$6 · spread now −0.030%, 7d avg −0.092%

Together, before fees+1.216%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board+$122 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.062% dearer against Nado than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WTI-PERP	92.795	−0.0049	get 0.0006% / 1h	46m 03s	$935K	$685K	10x
Short	Lighter WTI	92.768	0.0032	get 0.0004% / 1h	46m 03s	$11.2M	$10.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Nado. 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 NadobpFee LighterbpOrdersPrice spread, now −0.030%Rate

Funding earned: $17.01
Price spread: −0.030% → −0.092%: $6.22
Slippage, 4 orders: −$2.39
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $13.84
Costs to cover: 0.094%
Break-even: 1.3 days

Slippage from Nado: live order book, 22 min ago; Lighter: live order book, 7 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 Nado live order book, 22 min ago	0.05 bp	4.1 bp −$4	6.8 bp −$68	27.2 bp −$2,717	doesn't fit
Sell Lighter live order book, 7 min ago	0.16 bp	0.2 bp $0	1.7 bp −$17	8.0 bp −$797	24.3 bp −$12.2K

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	−0.0504%	1h	92.730	−0.070%	$198K	$366K	15x	as long as short
Aster CLUSD1	−0.0339%	4h	92.780	−0.017%	$23.9M	$74.7M	20x	as long as short
GRVT CL_USDT_Perp	−0.0322%	4h	92.720	−0.081%	$50K	$632K	25x	as long as short
Binance CLUSDT	−0.0282%	4h	92.780	−0.017%	$244.7M	$1.00B	100x	as long as short
Variational Omni CL	−0.0272%	4h	92.751	−0.048%	$13.3M	$11.2M	—	as long as short
Gate CL_USDT	−0.0167%	8h	92.720	−0.081%	$20.9M	$52.9M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0087%	1h	92.730	−0.070%	$3.5M	$5.8M	20x	as long as short
tradeXYZ xyz:CL	−0.0062%	1h	92.770	−0.027%	$185.4M	$225.0M	20x	as long as short
Nado WTI-PERPlong	−0.0049%	1h	92.795	long leg	$935K	$685K	10x
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.030	−0.825%	$399K	$942K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.793	−0.002%	$275K	$883K	25x	as long as short
QFEX CL-USD	−0.0033%	1h	92.750	−0.049%	$2.5M	$1.7M	10x	as long as short
Extended WTI-USD	−0.0016%	1h	92.810	+0.016%	$2.1M	$25.2M	10x	as long as short
OKX CL-USDT-SWAP	−0.0014%	4h	92.790	−0.006%	$42.9M	$106.9M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.832	+0.039%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.790	−0.006%	$26.3M	$84.0M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.771	−0.026%	$42.1M	$46.3M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.890	+0.102%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.770	−0.027%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.319	−0.513%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0019%	8h	92.731	−0.070%	$16K	$367	5x	as long as short
Lighter WTIshort	+0.0032%	1h	92.768	−0.030%	$11.2M	$10.1M	20x
RISEx CL/USDC	+0.0037%	1h	92.871	+0.081%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.330	−0.502%	$726K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.790	−0.006%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.777	−0.020%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.763	−0.035%	$2.1M	$61K	20x	as long as short
Aftermath Perps WTIUSD	+0.0071%	1h	92.804	+0.009%	$2K	$28K	5x	as long as short
KuCoin CLUSDTM	+0.0072%	4h	92.828	+0.035%	$7.2M	$2.3M	50x	as long as short
edgeX CLUSDC	+0.0075%	4h	92.751	−0.048%	$533K	$299K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.755	−0.043%	$331K	$616K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.760	−0.038%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.728	−0.072%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.765	−0.033%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.93	+9.847%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0228%	4h	92.730	−0.070%	$4.0M	$1.2M	50x	as long as short