CL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.009%

Price spread now: StandX against Lighter−0.484%46s7-day average +0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$620.624% of the position

Long on Lighter Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−1.006%−$101 on $10k

Price spread, last 7 days+0.506%+$51 · spread now −0.484%, 7d avg +0.073%

Together, before fees−0.500%+ Points / potential airdropLighter: Season 3 · StandX: Active · farm board−$50 on $10k · with fees, hour by hour

Funding pays, the price is against you. StandX is 0.557% cheaper against Lighter than usual: you would sell low and buy high (spread −0.484% now, against its 7-day average of +0.073%). If the spread goes back, that is −$56 on $10k: about 58 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −1.006%, so the current rate has only just turned in your favour. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WTI	92.890	0.0008	pay 0.0001% / 1h	47m 44s	$11.2M	$10.3M	20x
Short	StandX CL-USD	92.440	0.0040	get 0.0005% / 1h	47m 44s	$727K	$2.9M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.484%Rate

Funding earned: $6.72
Price spread: −0.484% → +0.073%: −$55.72
Slippage, 4 orders: −$54.38
Fee Lighter: 0 bp × 2 orders: $0
Fee StandX: 4 bp × 2 orders: −$8
Net: −$111.38
Costs to cover: 0.624%
Break-even: 123.0 days

Slippage from Lighter: live order book, 11 min ago; StandX: live order book, 1 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, 11 min ago	0.22 bp	0.5 bp −$1	0.9 bp −$9	10.3 bp −$1,029	36.6 bp −$18.3K
Sell StandX live order book, 1 min ago	2.70 bp	8.8 bp −$9	84.5 bp −$845	doesn't fit	doesn't fit

CL on 35 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	−0.0718%	1h	92.850	−0.043%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0239%	4h	92.898	+0.008%	$24.0M	$70.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0208%	4h	92.953	+0.067%	$61K	$633K	25x	as long as short
Binance CLUSDT	−0.0206%	4h	92.895	+0.005%	$244.6M	$957.4M	100x	as long as short
Variational Omni CL	−0.0200%	4h	92.927	+0.040%	$13.5M	$11.1M	—	as long as short
Ondo Perps WTI-USD.P	−0.0142%	1h	92.830	−0.065%	$3.5M	$5.7M	20x	as long as short
Nado WTI-PERP	−0.0125%	1h	92.945	+0.059%	$962K	$668K	10x	as long as short
Gate CL_USDT	−0.0100%	8h	92.840	−0.054%	$20.9M	$52.2M	100x	as long as short
tradeXYZ xyz:CL	−0.0052%	1h	92.889	−0.001%	$184.7M	$218.5M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.151%	$402K	$944K	15x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0032%	1h	92.870	−0.022%	$2.5M	$1.7M	10x	as long as short
Aftermath Perps WTIUSD	−0.0021%	1h	92.889	−0.001%	$2K	$28K	5x	as long as short
OKX CL-USDT-SWAP	−0.0012%	4h	92.880	−0.011%	$42.9M	$102.4M	50x	as long as short
edgeX CLUSDC	−0.0008%	4h	92.823	−0.072%	$529K	$302K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	92.917	+0.029%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.913	+0.025%	$26.9M	$81.1M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.900	+0.011%	$41.9M	$43.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.880	−0.011%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.890	0.000%	$18K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.454	−0.469%	$5K	—	150x	as long as short
Lighter WTIlong	+0.0008%	1h	92.890	long leg	$11.2M	$10.3M	20x
Extended WTI-USD	+0.0032%	1h	92.930	+0.043%	$2.1M	$23.3M	10x	as long as short
Paradex CL-USD-PERP	+0.0033%	8h	92.883	−0.008%	$16K	$367	5x	as long as short
StandX CL-USDshort	+0.0040%	1h	92.440	−0.484%	$727K	$2.9M	40x
Vest CL-PERP	+0.0046%	1h	92.910	+0.022%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.897	+0.008%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.885	−0.005%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	93.013	+0.132%	$3.3M	$2.7M	20x	as long as short
KuCoin CLUSDTM	+0.0068%	4h	92.890	0.000%	$7.3M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.890	0.000%	$332K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.940	+0.054%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.854	−0.039%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.886	−0.004%	$273K	$881K	25x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.885	−0.005%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.15	+9.966%	$19K	$11K	30x	as long as short