Funding you earn now, next payment 06:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h 0.000%
Price spread now: Lighter against Phoenix−0.111%74s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.981%+$98 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding pays, the price is against you. Lighter is 0.111% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.111% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 15 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.981% in total) that is about 19 hours. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix WTIOIL | 93.760 | 0 | get 0.0000% / 1h | 32m 03s | $37K | $39K | 20x |
| Short | Lighter WTI | 93.656 | 0.0024 | get 0.0003% / 1h | 32m 03s | $11.3M | $9.6M | 20x |
Phoenix WTIOIL
Lighter WTIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Phoenix. 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
- $5.04
- Price spread: −0.111% → 0.000%
- −$11.09
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$13.05
- Costs to cover
- 0.070%
- Break-even
- 25.1 days
Slippage unknown: Phoenix: no order-book sample; Lighter: live order book, 6 min ago. Net counts fees only.
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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 6 min ago | 0.43 bp | 0.5 bp −$1 | 1.2 bp −$12 | 8.3 bp −$827 | 26.2 bp −$13.1K |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0390% | 1h | 93.630 | −0.139% | $197K | $383K | 15x | as long as short |
| Aster CLUSD1 | −0.0270% | 4h | 93.680 | −0.085% | $24.6M | $65.2M | 20x | as long as short |
| GRVT CL_USDT_Perp | −0.0252% | 4h | 93.731 | −0.031% | $58K | $629K | 25x | as long as short |
| Binance CLUSDT | −0.0147% | 4h | 93.660 | −0.107% | $247.2M | $918.8M | 100x | as long as short |
| Aftermath Perps WTIUSD | −0.0141% | 1h | 93.706 | −0.057% | $2K | $26K | 5x | as long as short |
| Kraken Futures PF_WTIOILUSD | −0.0137% | 1h | 93.664 | −0.102% | $283K | $960K | 25x | as long as short |
| Variational Omni CL | −0.0136% | 4h | 93.679 | −0.087% | $13.5M | $10.6M | — | as long as short |
| Ondo Perps WTI-USD.P | −0.0112% | 1h | 93.670 | −0.096% | $3.5M | $5.3M | 20x | as long as short |
| Gate CL_USDT | −0.0104% | 8h | 93.590 | −0.181% | $22.4M | $49.1M | 100x | as long as short |
| Bitget CLUSDT | −0.0100% | 4h | 93.633 | −0.135% | $42.2M | $42.1M | 100x | as long as short |
Deribit WTIOIL_USDC-PERPETUAL
Aster CLUSD1
GRVT CL_USDT_Perp
Binance CLUSDT
Aftermath Perps WTIUSD
Kraken Futures PF_WTIOILUSD
Variational Omni CL
Ondo Perps WTI-USD.P
Gate CL_USDT
Bitget CLUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX CLUSDC | −0.0098% | 4h | 93.745 | −0.016% | $527K | $306K | 30x | as long as short |
| tradeXYZ xyz:CL | −0.0069% | 1h | 93.649 | −0.118% | $185.1M | $206.7M | 20x | as long as short |
| Nado WTI-PERP | −0.0055% | 1h | 93.714 | −0.049% | $966K | $622K | 10x | as long as short |
| QFEX CL-USD | −0.0023% | 1h | 93.670 | −0.096% | $2.3M | $2.5M | 10x | as long as short |
| OKX CL-USDT-SWAP | −0.0016% | 4h | 93.660 | −0.107% | $42.6M | $101.5M | 50x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | −0.0008% | 1h | 93.500 | −0.277% | $404K | $916K | 15x | as long as short |
| dYdX WTI-USD | 0.0000% | 1h | 93.733 | −0.029% | $8K | $3K | 5x | as long as short |
| Bybit CLUSDT | 0.0000% | 8h | 93.660 | −0.107% | $27.0M | $79.0M | 150x | as long as short |
| RISEx CL/USDC | 0.0000% | 1h | 93.704 | −0.060% | $3.1M | $2.8M | 20x | as long as short |
| Phoenix WTIOILlong | 0.0000% | 1h | 93.760 | long leg | $37K | $39K | 20x | |
| Bullet WTIOIL-USD | 0.0000% | 1h | 93.655 | −0.111% | $19K | $240K | 10x | as long as short |
| gTrade (Gains Network) WTI/USD | L 0.0000% / S +0.0036% | 1h | 93.206 | −0.591% | $5K | — | 150x | as long as short |
| Lighter WTIshort | +0.0024% | 1h | 93.656 | −0.111% | $11.3M | $9.6M | 20x | |
| Paradex CL-USD-PERP | +0.0027% | 8h | 93.671 | −0.094% | $16K | $367 | 5x | as long as short |
| Extended WTI-USD | +0.0032% | 1h | 93.680 | −0.085% | $2.0M | $15.8M | 10x | as long as short |
| StandX CL-USD | +0.0040% | 1h | 93.690 | −0.075% | $742K | $2.8M | 40x | as long as short |
| Vest CL-PERP | +0.0046% | 1h | 93.670 | −0.096% | — | $313K | 10x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.0050% | 1h | 93.641 | −0.127% | $1.7M | $1.3M | 20x | as long as short |
| SoDEX CL-USD | +0.0050% | 1h | 93.657 | −0.110% | $2.1M | $61K | 20x | as long as short |
| Pacifica CL | +0.0100% | 1h | 93.695 | −0.069% | $333K | $575K | 10x | as long as short |
| KuCoin CLUSDTM | +0.0100% | 4h | 93.685 | −0.080% | $7.1M | $2.4M | 50x | as long as short |
| ApeX Omni CLUSDT | +0.0100% | 1h | 93.790 | +0.032% | $54K | $266K | 50x | as long as short |
| Aevo WTIOIL-PERP | +0.0104% | 1h | 93.633 | −0.135% | $4K | — | 10x | as long as short |
| Injective WTI/USDC PERP | +0.0220% | 1h | 102.97 | +9.826% | $19K | $11K | 30x | as long as short |
| BloFin CL-USDT | +0.0224% | 4h | 93.730 | −0.032% | $4.0M | $978K | 50x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | L +0.0245% / S −0.0179% | 1h | 93.655 | −0.112% | $84K | — | 111x | as long as short |
edgeX CLUSDC
tradeXYZ xyz:CL
Nado WTI-PERP
QFEX CL-USD
OKX CL-USDT-SWAP
Coinbase International WTIOIL-PERP-INTX
dYdX WTI-USD
Bybit CLUSDT
RISEx CL/USDC
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
Pacifica CL
KuCoin CLUSDTM
ApeX Omni CLUSDT
Aevo WTIOIL-PERP
Injective WTI/USDC PERP
BloFin CL-USDT
GMX WTIOIL/USD [ETH-USDC]