CL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h +0.017%

Price spread now: RISEx against Lighter+0.074%7-day average +0.146% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$110.107% of the position

Long on Lighter Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.972%−$97 on $10k

Price spread, last 7 days−0.002%$0 · spread now +0.074%, 7d avg +0.146%

Together, before fees−0.974%+ Points / potential airdropLighter: Season 3 · farm board−$97 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and RISEx is 0.071% cheaper against Lighter than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.146%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WTI	93.306	0.0032	pay 0.0004% / 1h	39m 20s	$11.2M	$10.3M	20x
Short	RISEx CL/USDC	93.376	0	get 0.0000% / 1h	39m 20s	$3.1M	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.074%Rate

Funding earned: −$6.72
Price spread: +0.074% → +0.146%: −$7.13
Slippage, 4 orders: −$4.7
Fee Lighter: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$24.54
Costs to cover: 0.107%
Break-even: never at this rate

Slippage from Lighter: live order book, 9 min ago; RISEx: live order book, 5 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, 9 min ago	0.54 bp	0.5 bp −$1	0.6 bp −$6	8.5 bp −$846	32.2 bp −$16.1K
Sell RISEx live order book, 5 min ago	1.61 bp	4.8 bp −$5	6.0 bp −$60	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0500%	1h	93.290	−0.017%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0260%	4h	93.370	+0.069%	$24.2M	$66.1M	20x	as long as short
GRVT CL_USDT_Perp	−0.0246%	4h	93.265	−0.044%	$54K	$645K	25x	as long as short
Binance CLUSDT	−0.0173%	4h	93.320	+0.015%	$245.6M	$941.7M	100x	as long as short
Variational Omni CL	−0.0159%	4h	93.269	−0.040%	$13.4M	$10.9M	—	as long as short
Nado WTI-PERP	−0.0130%	1h	93.363	+0.061%	$965K	$636K	10x	as long as short
Bitget CLUSDT	−0.0122%	4h	93.300	−0.006%	$42.0M	$43.3M	100x	as long as short
Aftermath Perps WTIUSD	−0.0116%	1h	93.262	−0.047%	$2K	$27K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0114%	1h	93.250	−0.060%	$3.5M	$5.4M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.331	+0.027%	$277K	$960K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0058%	4h	93.273	−0.036%	$524K	$305K	30x	as long as short
Gate CL_USDT	−0.0053%	8h	93.250	−0.060%	$21.1M	$51.1M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.190	−0.124%	$401K	$927K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.290	−0.017%	$2.3M	$1.8M	10x	as long as short
OKX CL-USDT-SWAP	−0.0031%	4h	93.310	+0.004%	$42.7M	$103.0M	50x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.300	−0.006%	$37K	$41K	20x	as long as short
KuCoin CLUSDTM	−0.0006%	4h	93.351	+0.048%	$7.1M	$2.4M	50x	as long as short
tradeXYZ xyz:CL	−0.0006%	1h	93.328	+0.024%	$184.8M	$217.8M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.352	+0.049%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.328	+0.024%	$27.0M	$80.6M	150x	as long as short
RISEx CL/USDCshort	0.0000%	1h	93.376	+0.074%	$3.1M	$2.9M	20x
Bullet WTIOIL-USD	0.0000%	1h	93.315	+0.010%	$18K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.867	−0.470%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0018%	8h	93.299	−0.008%	$16K	$367	5x	as long as short
Lighter WTIlong	+0.0032%	1h	93.306	long leg	$11.2M	$10.3M	20x
Extended WTI-USD	+0.0032%	1h	93.350	+0.047%	$2.0M	$19.3M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.210	−0.103%	$737K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.320	+0.015%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.308	+0.002%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.319	+0.014%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.313	+0.007%	$331K	$597K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.290	−0.017%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.272	−0.036%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0207%	4h	93.270	−0.039%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.17	+9.496%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0220% / S −0.0148%	1h	93.315	+0.010%	$81K	—	111x	as long as short