CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.02 per $10,000 · paid last 24h −0.010%

Price spread now: gTrade (Gains Network) against Lighter−0.422%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and gTrade (Gains Network) is 0.422% cheaper against Lighter than usual: you would sell low and buy high (−$42 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WTI	93.085	−0.0016	get 0.0002% / 1h	33m 23s	$11.2M	$9.2M	20x
Short	gTrade (Gains Network) WTI/USD	92.692	L 0.0000% / S +0.0036%	pay 0.0004% / 1h	33m 23s	$5K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Lighter. 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 LighterbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.422%Rate

Funding earned: −$4.14
Price spread: −0.422% → 0.000%: −$42.22
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Net: −$54.36
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 5 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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 Lighter live order book, 5 min ago	0.48 bp	0.6 bp −$1	1.1 bp −$11	8.5 bp −$846	30.3 bp −$15.1K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0501%	1h	93.110	+0.027%	$194K	$395K	15x	as long as short
Aster CLUSD1	−0.0288%	4h	93.153	+0.073%	$24.7M	$64.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0262%	4h	93.080	−0.006%	$77K	$622K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0210%	1h	93.135	+0.054%	$275K	$939K	25x	as long as short
Binance CLUSDT	−0.0161%	4h	93.133	+0.051%	$247.3M	$922.5M	100x	as long as short
Variational Omni CL	−0.0143%	4h	93.137	+0.056%	$13.4M	$10.6M	—	as long as short
Gate CL_USDT	−0.0128%	8h	93.060	−0.027%	$22.9M	$49.2M	100x	as long as short
Bitget CLUSDT	−0.0124%	4h	93.141	+0.060%	$42.3M	$41.7M	100x	as long as short
Aftermath Perps WTIUSD	−0.0111%	1h	93.161	+0.081%	$2K	$26K	5x	as long as short
Nado WTI-PERP	−0.0098%	1h	93.156	+0.076%	$955K	$623K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0075%	4h	93.110	+0.027%	$42.7M	$102.9M	50x	as long as short
edgeX CLUSDC	−0.0057%	4h	93.176	+0.098%	$524K	$305K	30x	as long as short
QFEX CL-USD	−0.0038%	1h	93.090	+0.005%	$2.3M	$2.5M	10x	as long as short
tradeXYZ xyz:CL	−0.0037%	1h	93.139	+0.058%	$184.1M	$199.7M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0022%	1h	93.010	−0.081%	$3.6M	$5.3M	20x	as long as short
Lighter WTIlong	−0.0016%	1h	93.085	long leg	$11.2M	$9.2M	20x
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.489%	$405K	$810K	15x	as long as short
Paradex CL-USD-PERP	−0.0005%	8h	93.062	−0.024%	$16K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	93.085	0.000%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.140	+0.059%	$26.7M	$79.1M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.136	+0.055%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.170	+0.091%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.136	+0.055%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USDshort	L 0.0000% / S +0.0036%	1h	92.692	−0.422%	$5K	—	150x
Extended WTI-USD	+0.0008%	1h	93.170	+0.091%	$1.7M	$15.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.150	+0.070%	$738K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.120	+0.038%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.111	+0.028%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.144	+0.063%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.090	+0.005%	$347K	$593K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.117	+0.034%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.020	−0.070%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.101	+0.017%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0171%	4h	93.100	+0.016%	$4.0M	$982K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.45	+10.061%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0244% / S −0.0169%	1h	93.125	+0.043%	$78K	—	111x	as long as short