CL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0070%/8h= +7.6% APRnext payment +$0.09 per $10,000 · paid last 24h +0.013%

Price spread now: Lighter against tradeXYZ+0.006%7-day average −0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs+$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$210.210% of the position

Long on tradeXYZ Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+1.108%+$111 on $10k

Price spread, last 7 days−0.027%−$3 · spread now +0.006%, 7d avg −0.085%

Together, before fees+1.081%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board+$108 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.092% dearer against tradeXYZ than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CL	93.345	−0.0070	get 0.0009% / 1h	44m 31s	$184.5M	$215.5M	20x
Short	Lighter WTI	93.351	0	get 0.0000% / 1h	44m 31s	$11.2M	$9.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against tradeXYZ. 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 tradeXYZbpFee LighterbpOrdersPrice spread, now +0.006%Rate

Funding earned: $14.6
Price spread: +0.006% → −0.085%: $9.15
Slippage, 4 orders: −$3.03
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Lighter: 0 bp × 2 orders: $0
Net: $2.72
Costs to cover: 0.210%
Break-even: 5.7 days

Slippage from tradeXYZ: live order book, 6 min ago; Lighter: live order book, 9 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 tradeXYZ live order book, 6 min ago	0.05 bp	9.8 bp −$10	10.8 bp −$108	doesn't fit	doesn't fit
Sell Lighter live order book, 9 min ago	0.05 bp	0.5 bp −$1	1.1 bp −$11	5.9 bp −$587	25.5 bp −$12.7K

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	−0.0606%	1h	93.330	−0.016%	$197K	$372K	15x	as long as short
GRVT CL_USDT_Perp	−0.0344%	4h	93.337	−0.008%	$58K	$649K	25x	as long as short
Aster CLUSD1	−0.0301%	4h	93.392	+0.051%	$24.4M	$66.4M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.369	+0.026%	$283K	$961K	25x	as long as short
Binance CLUSDT	−0.0195%	4h	93.369	+0.026%	$246.7M	$934.5M	100x	as long as short
Variational Omni CL	−0.0184%	4h	93.329	−0.017%	$13.3M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0142%	1h	93.325	−0.021%	$2K	$26K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0137%	1h	93.310	−0.037%	$3.5M	$5.4M	20x	as long as short
Bitget CLUSDT	−0.0134%	4h	93.358	+0.014%	$42.1M	$43.0M	100x	as long as short
Nado WTI-PERP	−0.0127%	1h	93.405	+0.064%	$967K	$619K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0071%	8h	93.310	−0.037%	$21.6M	$49.3M	100x	as long as short
tradeXYZ xyz:CLlong	−0.0070%	1h	93.345	long leg	$184.5M	$215.5M	20x
OKX CL-USDT-SWAP	−0.0066%	4h	93.360	+0.016%	$42.6M	$102.6M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.198%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.350	+0.005%	$2.3M	$2.2M	10x	as long as short
Paradex CL-USD-PERP	−0.0008%	8h	93.340	−0.006%	$16K	$367	5x	as long as short
edgeX CLUSDC	−0.0005%	4h	93.349	+0.004%	$525K	$307K	30x	as long as short
Lighter WTIshort	0.0000%	1h	93.351	+0.006%	$11.2M	$9.9M	20x
dYdX WTI-USD	0.0000%	1h	93.329	−0.017%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.378	+0.035%	$27.1M	$79.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.419	+0.079%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.390	+0.048%	$37K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.359	+0.015%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.916	−0.460%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	93.400	+0.059%	$2.0M	$17.8M	10x	as long as short
KuCoin CLUSDTM	+0.0040%	4h	93.385	+0.043%	$7.1M	$2.4M	50x	as long as short
StandX CL-USD	+0.0040%	1h	93.340	−0.005%	$739K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.370	+0.027%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.353	+0.009%	$332K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.357	+0.013%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.360	+0.016%	$2.1M	$60K	20x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.360	+0.016%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.324	−0.022%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0174%	4h	93.340	−0.005%	$4.0M	$983K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.57	+9.885%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0233% / S −0.0165%	1h	93.355	+0.011%	$84K	—	111x	as long as short