CL

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0026%/8h= +2.8% APRnext payment +$0.03 per $10,000 · paid last 24h +0.015%

Price spread now: SoDEX against Lighter+0.013%7-day average +0.133% · 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−$57as in the Price arb table

costs, in and out, $10k−$450.453% of the position

Long on Lighter Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−1.037%−$104 on $10k

Price spread, last 4 days (all we have)−0.243%−$24 · spread now +0.013%, 7d avg +0.133%

Together, before fees−1.280%+ Points / potential airdropLighter: Season 3 · farm board−$128 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.119% cheaper against Lighter than usual: you would sell low and buy high (spread +0.013% now, against its 7-day average of +0.133%). If the spread goes back, that is −$12 on $10k: about 15 days of funding at the current rate (+$1 a day). Mind the row above: over the last 4 days funding on this pair cost −1.037%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WTI	89.682	0.0024	pay 0.0003% / 1h	0m 01s	$10.7M	$10.3M	20x
Short	SoDEX CL-USD	89.694	0.0050	get 0.0006% / 1h	0m 01s	$2.0M	$82K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.013%Rate

Funding earned: $5.46
Price spread: +0.013% → +0.133%: −$11.93
Slippage, 4 orders: −$37.3
Fee Lighter: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$51.77
Costs to cover: 0.453%
Break-even: 73.4 days

Slippage from Lighter: live order book, 6 min ago; SoDEX: live order book, 2 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, 6 min ago	0.95 bp	1.7 bp −$2	4.7 bp −$47	10.5 bp −$1,055	40.6 bp −$20.3K
Sell SoDEX live order book, 2 min ago	1.05 bp	22.9 bp −$23	115.1 bp −$1,151	doesn't fit	doesn't fit

CL on 36 exchanges

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	−0.0753%	1h	89.680	−0.002%	$181K	$422K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0369%	1h	89.676	−0.006%	$322K	$1.8M	25x	as long as short
Aster CLUSD1	−0.0149%	4h	89.732	+0.056%	$24.6M	$70.5M	20x	as long as short
Bitget CLUSDT	−0.0114%	4h	89.720	+0.042%	$40.8M	$54.8M	100x	as long as short
Binance CLUSDT	−0.0102%	4h	89.700	+0.020%	$239.5M	$1.18B	100x	as long as short
Ondo Perps WTI-USD.P	−0.0090%	1h	89.760	+0.087%	$3.4M	$6.1M	20x	as long as short
Extended WTI-USD	−0.0088%	1h	89.770	+0.098%	$1.3M	$14.8M	10x	as long as short
tradeXYZ xyz:CL	−0.0087%	1h	89.695	+0.014%	$171.9M	$240.9M	20x	as long as short
Variational Omni CL	−0.0081%	4h	90.154	+0.526%	$12.7M	$11.3M	—	as long as short
Nado WTI-PERP	−0.0076%	1h	89.872	+0.212%	$870K	$683K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0072%	8h	89.630	−0.058%	$23.2M	$56.4M	100x	as long as short
GRVT CL_USDT_Perp	−0.0066%	4h	90.610	+1.034%	$74K	$628K	25x	as long as short
Aftermath Perps WTIUSD	−0.0044%	1h	90.253	+0.637%	$2K	$27K	5x	as long as short
OKX CL-USDT-SWAP	−0.0041%	4h	89.700	+0.020%	$39.8M	$128.0M	50x	as long as short
QFEX CL-USD	−0.0023%	1h	89.820	+0.154%	$2.2M	$2.8M	10x	as long as short
edgeX CLUSDC	−0.0017%	4h	89.916	+0.261%	$503K	$379K	30x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.813	+0.146%	$1K	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	89.863	+0.202%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	89.670	−0.013%	$26.0M	$105.9M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.226	+0.607%	$2.9M	$3.0M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	89.722	+0.045%	$16K	$238K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0008%	1h	90.410	+0.812%	$413K	$1.5M	15x	as long as short
Paradex CL-USD-PERP	+0.0011%	8h	89.799	+0.130%	$15K	$367	5x	as long as short
Lighter WTIlong	+0.0024%	1h	89.682	long leg	$10.7M	$10.3M	20x
Injective WTI/USDC PERP	+0.0033%	1h	90.577	+0.998%	$16K	$5K	30x	as long as short
StandX CL-USD	+0.0040%	1h	90.140	+0.511%	$698K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	89.910	+0.254%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	89.775	+0.104%	$1.7M	$1.4M	20x	as long as short
SoDEX CL-USDshort	+0.0050%	1h	89.694	+0.013%	$2.0M	$82K	20x
Phoenix WTIOIL	+0.0053%	1h	90.370	+0.767%	$36K	$37K	20x	as long as short
Pacifica CL	+0.0100%	1h	89.843	+0.179%	$304K	$717K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	89.734	+0.058%	$6.9M	$3.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	90.340	+0.734%	$52K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	89.703	+0.024%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0167% / S +0.0014%	1h	89.725	+0.048%	$72K	—	111x	as long as short
BloFin CL-USDT	+0.0204%	4h	90.120	+0.488%	$3.9M	$1.1M	50x	as long as short