Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%

Price spread now: Lighter against Extended−0.053%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs+$88as in the Funding arb table

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

costs, in and out, $10k−$90.088% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.965%+$96 on $10k

Price spread, last 7 days+0.057%+$6 · spread now −0.053%, 7d avg −0.071%

Together, before fees+1.022%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$102 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WTI-USD	93.250	0.0032	pay 0.0004% / 1h	44m 37s	$2.0M	$19.5M	10x
Short	Lighter WTI	93.201	0.0032	get 0.0004% / 1h	44m 37s	$11.2M	$10.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Extended. 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 ExtendedbpFee LighterbpOrdersPrice spread, now −0.053%Rate

Funding earned: $0
Price spread: −0.053% → −0.071%: $1.85
Slippage, 4 orders: −$3.76
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$6.91
Costs to cover: 0.088%
Break-even: never at this rate

Slippage from Extended: live order book, 4 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 Extended live order book, 4 min ago	0.05 bp	5.0 bp −$5	6.9 bp −$69	22.1 bp −$2,207	doesn't fit
Sell Lighter live order book, 9 min ago	0.32 bp	0.7 bp −$1	1.2 bp −$12	6.2 bp −$621	26.4 bp −$13.2K

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	−0.0715%	1h	93.180	−0.075%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0262%	4h	93.234	−0.018%	$24.1M	$67.0M	20x	as long as short
GRVT CL_USDT_Perp	−0.0192%	4h	93.168	−0.088%	$54K	$658K	25x	as long as short
Binance CLUSDT	−0.0172%	4h	93.200	−0.054%	$245.4M	$942.4M	100x	as long as short
Variational Omni CL	−0.0160%	4h	93.169	−0.087%	$13.4M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0128%	1h	93.268	+0.019%	$964K	$645K	10x	as long as short
Bitget CLUSDT	−0.0122%	4h	93.196	−0.058%	$42.0M	$43.3M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0118%	1h	93.110	−0.150%	$3.5M	$5.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0110%	1h	93.176	−0.079%	$2K	$27K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.217	−0.036%	$269K	$947K	25x	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	−0.0050%	8h	93.160	−0.097%	$21.0M	$50.9M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.190	−0.064%	$401K	$928K	15x	as long as short
OKX CL-USDT-SWAP	−0.0034%	4h	93.200	−0.054%	$42.6M	$102.9M	50x	as long as short
QFEX CL-USD	−0.0033%	1h	93.180	−0.075%	$2.3M	$1.8M	10x	as long as short
KuCoin CLUSDTM	−0.0012%	4h	93.228	−0.024%	$7.1M	$2.4M	50x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.230	−0.021%	$37K	$41K	20x	as long as short
edgeX CLUSDC	−0.0005%	4h	93.232	−0.019%	$524K	$308K	30x	as long as short
tradeXYZ xyz:CL	−0.0001%	1h	93.207	−0.046%	$184.6M	$219.0M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.272	+0.024%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.220	−0.032%	$26.9M	$80.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.264	+0.015%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.208	−0.045%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.779	−0.505%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0015%	8h	93.195	−0.059%	$16K	$367	5x	as long as short
Lighter WTIshort	+0.0032%	1h	93.201	−0.053%	$11.2M	$10.3M	20x
Extended WTI-USDlong	+0.0032%	1h	93.250	long leg	$2.0M	$19.5M	10x
StandX CL-USD	+0.0040%	1h	93.150	−0.107%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.230	−0.021%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.221	−0.031%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.225	−0.027%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.204	−0.049%	$331K	$597K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.280	+0.032%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.183	−0.072%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0205%	4h	93.200	−0.054%	$4.0M	$1.0M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0219% / S −0.0147%	1h	93.205	−0.048%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.17	+9.561%	$19K	$11K	30x	as long as short