CL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0051%/8h= +5.6% APRnext payment +$0.06 per $10,000 · paid last 24h +0.006%

Price spread now: Lighter against QFEX−0.065%7-day average −0.082% · 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−$16as in the Price arb table

costs, in and out, $10k−$180.176% of the position

Long on QFEX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+1.132%+$113 on $10k

Price spread, last 7 days+0.045%+$4 · spread now −0.065%, 7d avg −0.082%

Together, before fees+1.177%+ Points / potential airdropLighter: Season 3 · farm board+$118 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.082%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CL-USD	91.900	−0.0019	get 0.0002% / 1h	8m 15s	$2.4M	$2.6M	10x
Short	Lighter WTI	91.840	0.0032	get 0.0004% / 1h	8m 15s	$11.0M	$12.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against QFEX. 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 QFEXbpFee LighterbpOrdersPrice spread, now −0.065%Rate

Funding earned: $10.68
Price spread: −0.065% → −0.082%: $1.67
Slippage, 4 orders: −$7.6
Fee QFEX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$5.24
Costs to cover: 0.176%
Break-even: 10.4 days

Slippage from QFEX: live order book, 5 min ago; Lighter: live order book, 10 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 QFEX live order book, 5 min ago	1.63 bp	8.5 bp −$9	8.8 bp −$88	14.5 bp −$1,445	doesn't fit
Sell Lighter live order book, 10 min ago	0.22 bp	0.2 bp $0	2.6 bp −$26	12.3 bp −$1,226	88.1 bp −$44.1K

CL on 35 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
QFEX CL-USDlong	−0.0019%	1h	91.900	long leg	$2.4M	$2.6M	10x
Aster CLUSD1	0.0000%	4h	91.963	+0.069%	$24.5M	$77.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.854	−0.050%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.910	+0.011%	$246.3M	$1.14B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.900	0.000%	$25.1M	$100.0M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.890	−0.011%	$42.9M	$116.5M	50x	as long as short
Gate CL_USDT	0.0000%	8h	91.840	−0.065%	$21.2M	$63.4M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.893	−0.008%	$42.1M	$67.5M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.913	+0.014%	$13.6M	$16.1M	—	as long as short
GRVT CL_USDT_Perp	0.0000%	4h	91.915	+0.016%	$58K	$774K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet WTIOIL-USD	0.0000%	1h	91.898	−0.002%	$17K	$241K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	91.930	+0.033%	$95K	$260K	15x	as long as short
Aftermath Perps WTIUSD	+0.0004%	1h	91.900	0.000%	$2K	$31K	5x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.990	+0.098%	$33K	$99K	20x	as long as short
Paradex CL-USD-PERP	+0.0012%	8h	91.880	−0.022%	$15K	$367	5x	as long as short
Lighter WTIshort	+0.0032%	1h	91.840	−0.065%	$11.0M	$12.3M	20x
Extended WTI-USD	+0.0032%	1h	91.962	+0.067%	$2.0M	$29.5M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	91.880	−0.022%	$17K	$18K	30x	as long as short
edgeX CLUSDC	+0.0035%	4h	91.900	0.000%	$528K	$341K	30x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0040%	1h	91.924	+0.026%	$257K	$1.3M	25x	as long as short
StandX CL-USD	+0.0040%	1h	91.910	+0.011%	$725K	$3.1M	40x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0040%	1h	92.080	+0.196%	$393K	$1.3M	15x	as long as short
Vest CL-PERP	+0.0046%	1h	92.020	+0.131%	—	$243K	10x	as long as short
tradeXYZ xyz:CL	+0.0050%	1h	91.901	+0.001%	$182.4M	$289.7M	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	91.879	−0.023%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.895	−0.005%	$2.0M	$39K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	91.840	−0.065%	$3.5M	$6.5M	20x	as long as short
Pacifica CL	+0.0100%	1h	91.882	−0.020%	$336K	$573K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.878	−0.024%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	91.930	+0.033%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.872	−0.031%	$4K	—	10x	as long as short
Nado WTI-PERP	+0.0187%	1h	91.883	−0.019%	$880K	$788K	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0212% / S −0.0127%	1h	91.905	+0.005%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.860	−0.044%	$4.0M	$1.5M	50x	as long as short
RISEx CL/USDC	+0.0266%	1h	91.999	+0.107%	$3.2M	$2.7M	20x	as long as short