CL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0317%/8h= −34.8% APRnext payment −$0.40 per $10,000 · paid last 24h −0.006%

Price spread now: Lighter against StandX+0.003%7-day average −0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs+$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$180.183% of the position

Long on StandX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+1.009%+$101 on $10k

Price spread, last 7 days−0.006%−$1 · spread now +0.003%, 7d avg −0.076%

Together, before fees+1.003%+ Points / potential airdropStandX: Active · Lighter: Season 3 · farm board+$100 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.079% dearer against StandX than usual: you sell high and buy low (spread +0.003% now, against its 7-day average of −0.076%): +$8 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 20 hours. Mind the row above: over the last 7 days funding on this pair paid +1.009%, 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	StandX CL-USD	91.980	0.0013	pay 0.0002% / 1h	17m 32s	$723K	$3.0M	40x
Short	Lighter WTI	91.983	−0.0304	pay 0.0038% / 1h	17m 32s	$11.1M	$11.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against StandX. 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 StandXbpFee LighterbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$66.66
Price spread: +0.003% → −0.076%: $7.89
Slippage, 4 orders: −$10.29
Fee StandX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$77.06
Costs to cover: 0.183%
Break-even: never at this rate

Slippage from StandX: live order book, 1 min ago; Lighter: live order book, 6 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 StandX live order book, 1 min ago	4.35 bp	8.3 bp −$8	10.6 bp −$106	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	0.05 bp	1.5 bp −$2	1.7 bp −$17	6.8 bp −$675	30.0 bp −$15.0K

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
Lighter WTIshort	−0.0304%	1h	91.983	+0.003%	$11.1M	$11.4M	20x
Deribit WTIOIL_USDC-PERPETUAL	−0.0293%	1h	92.010	+0.033%	$95K	$208K	15x	as long as short
Aftermath Perps WTIUSD	−0.0176%	1h	92.031	+0.056%	$2K	$30K	5x	as long as short
GRVT CL_USDT_Perp	−0.0172%	4h	91.968	−0.013%	$58K	$715K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0170%	1h	91.960	−0.022%	$3.5M	$6.4M	20x	as long as short
Nado WTI-PERP	−0.0168%	1h	92.079	+0.108%	$923K	$748K	10x	as long as short
tradeXYZ xyz:CL	−0.0145%	1h	92.025	+0.049%	$185.3M	$280.0M	20x	as long as short
Bullet WTIOIL-USD	−0.0125%	1h	91.997	+0.018%	$18K	$240K	10x	as long as short
Aster CLUSD1	−0.0113%	4h	92.033	+0.058%	$23.9M	$78.4M	20x	as long as short
Paradex CL-USD-PERP	−0.0107%	8h	91.992	+0.013%	$15K	$367	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CLUSDT	−0.0015%	4h	92.002	+0.024%	$245.3M	$1.12B	100x	as long as short
Polymarket Perps WTIOIL-USD	−0.0005%	1h	92.000	+0.022%	$1.6M	$1.4M	20x	as long as short
Gate CL_USDT	−0.0002%	8h	91.960	−0.022%	$21.3M	$59.3M	100x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.139%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.026	+0.050%	$25.5M	$97.4M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.980	0.000%	$43.2M	$113.8M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.990	+0.011%	$2.4M	$2.6M	10x	as long as short
Bitget CLUSDT	0.0000%	4h	92.006	+0.028%	$42.1M	$52.6M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.944	−0.040%	$13.4M	$13.4M	—	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.589	−0.425%	$4K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.040	+0.065%	$37K	$99K	20x	as long as short
StandX CL-USDlong	+0.0013%	1h	91.980	long leg	$723K	$3.0M	40x
Extended WTI-USD	+0.0016%	1h	92.075	+0.103%	$2.0M	$28.9M	10x	as long as short
Vest CL-PERP	+0.0046%	1h	92.120	+0.152%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.981	+0.001%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0062%	4h	91.969	−0.012%	$529K	$341K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.007	+0.029%	$332K	$579K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.015	+0.038%	$7.2M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	91.970	−0.011%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.973	−0.008%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	92.020	+0.043%	$398K	$1.2M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	100.99	+9.799%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	91.985	+0.005%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.970	−0.011%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0450%	1h	91.982	+0.002%	$273K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	92.131	+0.164%	$3.2M	$2.7M	20x	as long as short