CL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.015%

Price spread now: Lighter against SoDEX−0.003%7-day average −0.134% · 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−$27as in the Price arb table

costs, in and out, $10k−$400.399% of the position

Long on SoDEX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+1.038%+$104 on $10k

Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.003%, 7d avg −0.134%

Together, before fees+1.121%+ Points / potential airdropLighter: Season 3 · farm board+$112 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.131% dearer against SoDEX than usual: you sell high and buy low (spread −0.003% now, against its 7-day average of −0.134%): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.7 days. Mind the row above: over the last 3 days funding on this pair paid +1.038%, 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	SoDEX CL-USD	93.545	0.0050	pay 0.0006% / 1h	59m 55s	$2.1M	$60K	20x
Short	Lighter WTI	93.542	0	get 0.0000% / 1h	59m 55s	$11.3M	$9.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SoDEX. 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 SoDEXbpFee LighterbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$10.5
Price spread: −0.003% → −0.134%: $13.09
Slippage, 4 orders: −$31.88
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$37.3
Costs to cover: 0.399%
Break-even: never at this rate

Slippage from SoDEX: live order book, 4 min ago; Lighter: live order book, 3 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 SoDEX live order book, 4 min ago	0.54 bp	19.8 bp −$20	84.5 bp −$845	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	0.43 bp	0.5 bp −$1	0.6 bp −$6	9.0 bp −$902	47.6 bp −$23.8K

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	−0.0605%	1h	93.520	−0.027%	$196K	$387K	15x	as long as short
GRVT CL_USDT_Perp	−0.0306%	4h	93.372	−0.185%	$53K	$607K	25x	as long as short
Aster CLUSD1	−0.0298%	4h	93.608	+0.067%	$24.7M	$65.2M	20x	as long as short
Binance CLUSDT	−0.0170%	4h	93.600	+0.059%	$248.1M	$919.8M	100x	as long as short
Variational Omni CL	−0.0159%	4h	93.419	−0.135%	$13.4M	$10.7M	—	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.559	+0.015%	$276K	$969K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0136%	1h	93.380	−0.176%	$3.5M	$5.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0134%	1h	93.468	−0.083%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0128%	4h	93.596	+0.055%	$42.4M	$42.1M	100x	as long as short
Gate CL_USDT	−0.0125%	8h	93.480	−0.069%	$22.8M	$50.8M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0091%	4h	93.408	−0.146%	$525K	$305K	30x	as long as short
Nado WTI-PERP	−0.0083%	1h	93.543	−0.002%	$962K	$631K	10x	as long as short
tradeXYZ xyz:CL	−0.0082%	1h	93.556	+0.012%	$184.9M	$204.2M	20x	as long as short
OKX CL-USDT-SWAP	−0.0061%	4h	93.570	+0.027%	$43.0M	$102.4M	50x	as long as short
QFEX CL-USD	−0.0023%	1h	93.460	−0.091%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.540	−0.005%	$405K	$917K	15x	as long as short
Lighter WTIshort	0.0000%	1h	93.542	−0.003%	$11.3M	$9.7M	20x
dYdX WTI-USD	0.0000%	1h	93.521	−0.025%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.590	+0.048%	$26.8M	$79.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.522	−0.025%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.440	−0.112%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.546	+0.001%	$19K	$240K	10x	as long as short
Paradex CL-USD-PERP	0.0000%	8h	93.468	−0.082%	$16K	$367	5x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.094	−0.482%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	93.620	+0.080%	$2.0M	$14.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.470	−0.080%	$741K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.500	−0.048%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.505	−0.043%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USDlong	+0.0050%	1h	93.545	long leg	$2.1M	$60K	20x
Pacifica CL	+0.0100%	1h	93.490	−0.059%	$332K	$572K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.582	+0.040%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.460	−0.091%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.513	−0.034%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0179%	4h	93.400	−0.155%	$4.1M	$969K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.82	+9.914%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0251% / S −0.0185%	1h	93.545	0.000%	$84K	—	111x	as long as short