CL

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PopdexCLUSDT	90.715	+0.0048	pay 0.0006% / 1h	58m 33s	$539K	$774K	20x	Long Popdex
SHORT	LighterWTI	90.631	−0.0016	pay 0.0002% / 1h	58m 33s	$6.6M	$13.0M	20x	Short Lighter7d free

Price gap−0.093%

Funding gap−0.0064% /8h

Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.063% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$11−0.0064% /8h now · paid −0.114% over the last 7D

Price−$6spread −0.093% now, avg −0.029% → −0.063% if it goes back

Costs−$100.104% of $10k · taker + slippage, in and out

Result−$28−0.28%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / ExitPopdex: thin, under $1M open interest

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.093%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CL on 38 exchanges

lowest funding first

Before you open

4 ok · 2 to watch

OK: Fits both order books4.5 / 1.4 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$500 + $500
Popdex 20x, Lighter 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$1.92Long Popdex: 24 payments, −$1.44; short Lighter: 24 payments, −$0.48.
Watch: Gap narrower than usual−0.093% vs −0.029%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$539K vs $6.6M OI
Popdex sets your exit cost. Check its book before closing.
OK: Points on a legLighter Season 3
Volume here counts toward the points program.
OK: No KYC on either legPopdex No · Lighter No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0059%/8h × 21 periods−$12.49

Price spread−0.093% → −0.029% (7d avg)−$6.32

Slippage, 4 orderslive order books−$4.04

Fee Popdex bp × 2 orders−$6.40

Fee Lighter bp × 2 orders$0.00

Net · 7 days · $10k−$29.25

Costs to cover0.104%Break-evennever at this rate

Slippage: Popdex: live order book, 35 min ago; Lighter: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPopdex1.264.5 bp−$45.9 bp−$5915.9 bp−$1,589doesn’t fit

SELL · SHORTLighter0.051.4 bp−$11.8 bp−$188.1 bp−$80859.5 bp−$29.7K

Closing costs about the same again.

CL news

posts that mention CL or Crude oil (WTI), from every exchangeSearch all news →

09-25 16:46	Kalshi	Other	BREAKING: WTI oil down nearly 3% in the last 1 hour as Al Jazeera reports US-Iran talks have entered "technical stage" @Kalshi on X ↗
09-25 13:31	Vest Markets	Other	At the open, $CL is down around 2%, with Iran proposing on Thursday to reopen the Strait of Hormuz within seven days. Negotiators are exploring a phased arrangement in which Tehran reopens the strait and Washington lifts its economic blockade of Iran, per Reuters. Trade $CL volatility with a Vest Capital funded account and access up to $25k in trading capital. @VestExchange on X ↗

CL