Funding you earn now, next payment 05:00 UTC−0.0076%/8h= −8.3% APRnext payment −$0.10 per $10,000 · paid last 24h −0.020%
Price spread now: Lighter against Pacifica−0.001%7-day average −0.125% · you buy dearer than you sell
Net, funding: paid 7d − costs+$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1as in the Price arb table
costs, in and out, $10k−$130.130% of the position
Funding, last 7 days+1.045%+$105 on $10k
+Price spread, last 4 days (all we have)−0.032%−$3 · spread now −0.001%, 7d avg −0.125%
=Together, before fees+1.014%+ Points / potential airdropPacifica: Active · Lighter: Season 3 · farm board+$101 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.124% dearer against Pacifica than usual: you sell high and buy low (spread −0.001% now, against its 7-day average of −0.125%): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.5 days. Mind the row above: over the last 7 days funding on this pair paid +1.045%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica CL | 93.035 | 0.0100 | pay 0.0013% / 1h | 56m 12s | $330K | $622K | 10x |
| Short | Lighter WTI | 93.034 | 0.0024 | get 0.0003% / 1h | 56m 12s | $11.2M | $10.3M | 20x |
Pacifica CL
Lighter WTIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Pacifica. 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
- −$15.96
- Price spread: −0.001% → −0.125%
- $12.44
- Slippage, 4 orders
- −$5.05
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$16.57
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 63 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 Pacifica live order book, 63 min ago | 1.18 bp | 6.1 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 0.05 bp | 0.1 bp $0 | 0.6 bp −$6 | 7.0 bp −$705 | 28.5 bp −$14.2K |
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 | −0.0287% | 1h | 93.020 | −0.016% | $198K | $370K | 15x | as long as short |
| Aster CLUSD1 | −0.0267% | 4h | 93.074 | +0.042% | $24.1M | $66.5M | 20x | as long as short |
| Binance CLUSDT | −0.0178% | 4h | 93.040 | +0.006% | $245.0M | $944.9M | 100x | as long as short |
| Variational Omni CL | −0.0172% | 4h | 92.899 | −0.146% | $13.5M | $10.8M | — | as long as short |
| Bitget CLUSDT | −0.0128% | 4h | 93.030 | −0.005% | $42.0M | $43.5M | 100x | as long as short |
| Aftermath Perps WTIUSD | −0.0108% | 1h | 92.992 | −0.047% | $2K | $27K | 5x | as long as short |
| Nado WTI-PERP | −0.0107% | 1h | 93.082 | +0.051% | $964K | $647K | 10x | as long as short |
| Kraken Futures PF_WTIOILUSD | −0.0061% | 1h | 93.043 | +0.008% | $268K | $934K | 25x | as long as short |
| Ondo Perps WTI-USD.P | −0.0054% | 1h | 93.000 | −0.037% | $3.5M | $5.4M | 20x | as long as short |
| edgeX CLUSDC | −0.0053% | 4h | 92.956 | −0.085% | $526K | $302K | 30x | as long as short |
Deribit WTIOIL_USDC-PERPETUAL
Aster CLUSD1
Binance CLUSDT
Variational Omni CL
Bitget CLUSDT
Aftermath Perps WTIUSD
Nado WTI-PERP
Kraken Futures PF_WTIOILUSD
Ondo Perps WTI-USD.P
edgeX CLUSDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX CL-USDT-SWAP | −0.0048% | 4h | 93.050 | +0.016% | $42.6M | $102.8M | 50x | as long as short |
| Gate CL_USDT | −0.0044% | 8h | 93.000 | −0.037% | $20.9M | $50.5M | 100x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | −0.0040% | 1h | 92.930 | −0.113% | $399K | $948K | 15x | as long as short |
| QFEX CL-USD | −0.0033% | 1h | 93.020 | −0.016% | $2.3M | $1.8M | 10x | as long as short |
| KuCoin CLUSDTM | −0.0020% | 4h | 93.053 | +0.019% | $7.1M | $2.4M | 50x | as long as short |
| tradeXYZ xyz:CL | −0.0015% | 1h | 93.046 | +0.012% | $184.6M | $219.8M | 20x | as long as short |
| dYdX WTI-USD | 0.0000% | 1h | 93.030 | −0.005% | $8K | $3K | 5x | as long as short |
| Bybit CLUSDT | 0.0000% | 8h | 93.040 | +0.006% | $26.5M | $80.6M | 150x | as long as short |
| RISEx CL/USDC | 0.0000% | 1h | 93.105 | +0.075% | $3.1M | $2.9M | 20x | as long as short |
| GRVT CL_USDT_Perp | 0.0000% | 4h | 92.971 | −0.068% | $56K | $656K | 25x | as long as short |
| Phoenix WTIOIL | 0.0000% | 1h | 92.980 | −0.059% | $37K | $41K | 20x | as long as short |
| Bullet WTIOIL-USD | 0.0000% | 1h | 93.046 | +0.012% | $18K | $243K | 10x | as long as short |
| gTrade (Gains Network) WTI/USD | L 0.0000% / S +0.0036% | 1h | 92.589 | −0.479% | $5K | — | 150x | as long as short |
| Paradex CL-USD-PERP | +0.0006% | 8h | 93.018 | −0.018% | $16K | $367 | 5x | as long as short |
| Lighter WTIshort | +0.0024% | 1h | 93.034 | −0.001% | $11.2M | $10.3M | 20x | |
| Extended WTI-USD | +0.0032% | 1h | 93.060 | +0.027% | $2.0M | $20.0M | 10x | as long as short |
| StandX CL-USD | +0.0040% | 1h | 92.980 | −0.059% | $735K | $2.9M | 40x | as long as short |
| Vest CL-PERP | +0.0046% | 1h | 93.050 | +0.016% | — | $310K | 10x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.0050% | 1h | 93.038 | +0.003% | $1.7M | $1.3M | 20x | as long as short |
| SoDEX CL-USD | +0.0050% | 1h | 93.035 | 0.000% | $2.1M | $60K | 20x | as long as short |
| Pacifica CLlong | +0.0100% | 1h | 93.035 | long leg | $330K | $622K | 10x | |
| ApeX Omni CLUSDT | +0.0100% | 1h | 93.010 | −0.027% | $56K | $266K | 50x | as long as short |
| Aevo WTIOIL-PERP | +0.0104% | 1h | 93.010 | −0.026% | $4K | — | 10x | as long as short |
| BloFin CL-USDT | +0.0190% | 4h | 93.070 | +0.038% | $4.0M | $1.1M | 50x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | L +0.0218% / S −0.0145% | 1h | 93.045 | +0.011% | $81K | — | 111x | as long as short |
| Injective WTI/USDC PERP | +0.0220% | 1h | 102.17 | +9.815% | $19K | $11K | 30x | as long as short |
OKX CL-USDT-SWAP
Gate CL_USDT
Coinbase International WTIOIL-PERP-INTX
QFEX CL-USD
KuCoin CLUSDTM
tradeXYZ xyz:CL
dYdX WTI-USD
Bybit CLUSDT
RISEx CL/USDC
GRVT CL_USDT_Perp
Phoenix WTIOIL
Bullet WTIOIL-USD
gTrade (Gains Network) WTI/USD
Paradex CL-USD-PERP
Extended WTI-USD
StandX CL-USD
Vest CL-PERP
Polymarket Perps WTIOIL-USD
SoDEX CL-USD
ApeX Omni CLUSDT
Aevo WTIOIL-PERP
BloFin CL-USDT
GMX WTIOIL/USD [ETH-USDC]
Injective WTI/USDC PERP