CL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.020%

Price spread now: Kraken Futures against Lighter+0.037%7-day average +0.163% · you sell dearer than you buy

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$200.204% of the position

Long on Lighter Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−1.452%−$145 on $10k

Price spread, last 3 days (all we have)−0.075%−$8 · spread now +0.037%, 7d avg +0.163%

Together, before fees−1.528%+ Points / potential airdropLighter: Season 3 · farm board−$153 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kraken Futures is 0.126% cheaper against Lighter than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.163%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WTI	92.251	−0.0024	get 0.0003% / 1h	45m 21s	$11.2M	$10.0M	20x
Short	Kraken Futures PF_WTIOILUSD	92.285	−0.0120	pay 0.0015% / 1h	45m 21s	$273K	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$20.17
Price spread: +0.037% → +0.163%: −$12.64
Slippage, 4 orders: −$10.42
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$53.23
Costs to cover: 0.204%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 min ago; Kraken Futures: 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 Lighter live order book, 3 min ago	0.32 bp	0.8 bp −$1	1.5 bp −$15	8.8 bp −$875	35.4 bp −$17.7K
Sell Kraken Futures live order book, 3 min ago	2.87 bp	8.4 bp −$8	21.6 bp −$216	doesn't fit	doesn't fit

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
GRVT CL_USDT_Perp	−0.0532%	4h	92.209	−0.046%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0325%	4h	92.280	+0.031%	$23.9M	$80.4M	20x	as long as short
Binance CLUSDT	−0.0256%	4h	92.261	+0.011%	$244.9M	$1.08B	100x	as long as short
Gate CL_USDT	−0.0253%	8h	92.190	−0.066%	$21.3M	$54.5M	100x	as long as short
Variational Omni CL	−0.0246%	4h	92.241	−0.011%	$13.2M	$12.2M	—	as long as short
Kraken Futures PF_WTIOILUSDshort	−0.0120%	1h	92.285	+0.037%	$273K	$1.1M	25x
Nado WTI-PERP	−0.0099%	1h	92.299	+0.052%	$925K	$733K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0079%	1h	92.210	−0.044%	$3.5M	$6.2M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0075%	1h	92.260	+0.010%	$96K	$189K	15x	as long as short
tradeXYZ xyz:CL	−0.0040%	1h	92.264	+0.014%	$186.2M	$261.8M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.240%	$399K	$960K	15x	as long as short
QFEX CL-USD	−0.0040%	1h	92.240	−0.012%	$2.4M	$2.2M	10x	as long as short
Paradex CL-USD-PERP	−0.0029%	8h	92.233	−0.020%	$15K	$367	5x	as long as short
Lighter WTIlong	−0.0024%	1h	92.251	long leg	$11.2M	$10.0M	20x
Bybit CLUSDT	−0.0023%	8h	92.266	+0.016%	$26.1M	$93.6M	150x	as long as short
dYdX WTI-USD	0.0000%	1h	92.235	−0.017%	$8K	$3K	5x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.230	−0.023%	$42.9M	$111.2M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.362	+0.121%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.256	+0.005%	$42.0M	$51.3M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.210	−0.044%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.257	+0.007%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.813	−0.475%	$5K	—	150x	as long as short
edgeX CLUSDC	+0.0020%	4h	92.197	−0.059%	$530K	$307K	30x	as long as short
Extended WTI-USD	+0.0032%	1h	92.290	+0.042%	$2.1M	$27.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.230	−0.023%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.290	+0.042%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.265	+0.015%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.250	−0.001%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.259	+0.009%	$353K	$596K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.275	+0.026%	$7.2M	$2.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.250	−0.001%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.219	−0.034%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.255	+0.004%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.38	+9.898%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.240	−0.012%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0385%	1h	92.230	−0.023%	$2K	$29K	5x	as long as short