Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h −0.018%
Price spread now: Lighter against RISEx−0.061%7-day average −0.146% · 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+$1as in the Price arb table
costs, in and out, $10k−$70.072% of the position
Funding, last 4 days (all we have)+0.972%+$97 on $10k
+Price spread, last 7 days+0.012%+$1 · spread now −0.061%, 7d avg −0.146%
=Together, before fees+0.985%+ Points / potential airdropLighter: Season 3 · farm board+$98 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.085% dearer against RISEx than usual: you sell high and buy low (spread −0.061% now, against its 7-day average of −0.146%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days. Mind the row above: over the last 4 days funding on this pair paid +0.972%, 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 | RISEx CL/USDC | 93.454 | 0 | get 0.0000% / 1h | 51m 11s | $3.0M | $2.9M | 20x |
| Short | Lighter WTI | 93.397 | −0.0024 | pay 0.0003% / 1h | 51m 11s | $11.3M | $9.1M | 20x |
RISEx CL/USDC
Lighter WTIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against RISEx. 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: −0.061% → −0.146%
- $8.53
- Slippage, 4 orders
- −$1.17
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$3.68
- Costs to cover
- 0.072%
- Break-even
- from the start
Slippage from RISEx: live order book, 3 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 RISEx live order book, 3 min ago | 0.21 bp | 3.2 bp −$3 | 4.9 bp −$49 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 0.32 bp | 0.4 bp $0 | 0.5 bp −$5 | 8.6 bp −$862 | 30.4 bp −$15.2K |
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 | −0.0499% | 1h | 93.400 | −0.057% | $195K | $390K | 15x | as long as short |
| GRVT CL_USDT_Perp | −0.0292% | 4h | 93.580 | +0.135% | $73K | $628K | 25x | as long as short |
| Aster CLUSD1 | −0.0288% | 4h | 93.445 | −0.009% | $24.6M | $64.6M | 20x | as long as short |
| Kraken Futures PF_WTIOILUSD | −0.0209% | 1h | 93.416 | −0.040% | $276K | $966K | 25x | as long as short |
| Binance CLUSDT | −0.0164% | 4h | 93.414 | −0.043% | $247.3M | $920.7M | 100x | as long as short |
| Variational Omni CL | −0.0152% | 4h | 93.658 | +0.218% | $13.5M | $10.6M | — | as long as short |
| Gate CL_USDT | −0.0127% | 8h | 93.340 | −0.122% | $22.9M | $48.5M | 100x | as long as short |
| Aftermath Perps WTIUSD | −0.0127% | 1h | 93.506 | +0.056% | $2K | $26K | 5x | as long as short |
| Bitget CLUSDT | −0.0124% | 4h | 93.415 | −0.041% | $42.3M | $42.1M | 100x | as long as short |
| Nado WTI-PERP | −0.0075% | 1h | 93.477 | +0.025% | $959K | $628K | 10x | as long as short |
Deribit WTIOIL_USDC-PERPETUAL
GRVT CL_USDT_Perp
Aster CLUSD1
Kraken Futures PF_WTIOILUSD
Binance CLUSDT
Variational Omni CL
Gate CL_USDT
Aftermath Perps WTIUSD
Bitget CLUSDT
Nado WTI-PERPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX CL-USDT-SWAP | −0.0059% | 4h | 93.410 | −0.047% | $42.5M | $103.1M | 50x | as long as short |
| edgeX CLUSDC | −0.0050% | 4h | 93.462 | +0.009% | $525K | $305K | 30x | as long as short |
| QFEX CL-USD | −0.0038% | 1h | 93.410 | −0.047% | $2.3M | $2.4M | 10x | as long as short |
| Lighter WTIshort | −0.0024% | 1h | 93.397 | −0.061% | $11.3M | $9.1M | 20x | |
| Ondo Perps WTI-USD.P | −0.0018% | 1h | 93.380 | −0.079% | $3.6M | $5.4M | 20x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | −0.0016% | 1h | 93.540 | +0.092% | $405K | $860K | 15x | as long as short |
| dYdX WTI-USD | 0.0000% | 1h | 93.484 | +0.033% | $8K | $3K | 5x | as long as short |
| Bybit CLUSDT | 0.0000% | 8h | 93.416 | −0.040% | $26.8M | $79.4M | 150x | as long as short |
| RISEx CL/USDClong | 0.0000% | 1h | 93.454 | long leg | $3.0M | $2.9M | 20x | |
| Phoenix WTIOIL | 0.0000% | 1h | 93.600 | +0.157% | $37K | $40K | 20x | as long as short |
| Bullet WTIOIL-USD | 0.0000% | 1h | 93.421 | −0.035% | $19K | $240K | 10x | as long as short |
| gTrade (Gains Network) WTI/USD | L 0.0000% / S +0.0036% | 1h | 92.964 | −0.524% | $5K | — | 150x | as long as short |
| Paradex CL-USD-PERP | +0.0004% | 8h | 93.378 | −0.081% | $16K | $367 | 5x | as long as short |
| tradeXYZ xyz:CL | +0.0011% | 1h | 93.421 | −0.035% | $184.7M | $202.2M | 20x | as long as short |
| Extended WTI-USD | +0.0032% | 1h | 93.450 | −0.004% | $1.9M | $15.1M | 10x | as long as short |
| StandX CL-USD | +0.0040% | 1h | 93.470 | +0.018% | $741K | $2.8M | 40x | as long as short |
| Vest CL-PERP | +0.0046% | 1h | 93.430 | −0.025% | — | $313K | 10x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.0050% | 1h | 93.418 | −0.038% | $1.7M | $1.3M | 20x | as long as short |
| SoDEX CL-USD | +0.0050% | 1h | 93.415 | −0.041% | $2.1M | $60K | 20x | as long as short |
| Pacifica CL | +0.0100% | 1h | 93.413 | −0.043% | $349K | $594K | 10x | as long as short |
| KuCoin CLUSDTM | +0.0100% | 4h | 93.443 | −0.011% | $7.1M | $2.4M | 50x | as long as short |
| ApeX Omni CLUSDT | +0.0100% | 1h | 93.530 | +0.082% | $54K | $266K | 50x | as long as short |
| Aevo WTIOIL-PERP | +0.0104% | 1h | 93.388 | −0.070% | $4K | — | 10x | as long as short |
| BloFin CL-USDT | +0.0182% | 4h | 93.430 | −0.025% | $4.1M | $985K | 50x | as long as short |
| Injective WTI/USDC PERP | +0.0220% | 1h | 102.83 | +10.035% | $19K | $11K | 30x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | L +0.0252% / S −0.0187% | 1h | 93.395 | −0.063% | $84K | — | 111x | as long as short |
OKX CL-USDT-SWAP
edgeX CLUSDC
QFEX CL-USD
Ondo Perps WTI-USD.P
Coinbase International WTIOIL-PERP-INTX
dYdX WTI-USD
Bybit CLUSDT
Phoenix WTIOIL
Bullet WTIOIL-USD
gTrade (Gains Network) WTI/USD
Paradex CL-USD-PERP
tradeXYZ xyz:CL
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
BloFin CL-USDT
Injective WTI/USDC PERP
GMX WTIOIL/USD [ETH-USDC]