CL

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h +0.018%

Price spread now: Lighter against Nado−0.038%7-day average −0.097% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$150.151% of the position

Long on Nado Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+1.172%+$117 on $10k

Price spread, last 7 days+0.012%+$1 · spread now −0.038%, 7d avg −0.097%

Together, before fees+1.184%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board+$118 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.059% dearer against Nado than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WTI-PERP	90.763	−0.0080	get 0.0010% / 1h	15m 13s	$913K	$652K	10x
Short	Lighter WTI	90.728	0.0024	get 0.0003% / 1h	15m 13s	$11.1M	$9.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Nado. 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 NadobpFee LighterbpOrdersPrice spread, now −0.038%Rate

Funding earned: $21.91
Price spread: −0.038% → −0.097%: $5.85
Slippage, 4 orders: −$8.13
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $12.63
Costs to cover: 0.151%
Break-even: 3.0 days

Slippage from Nado: live order book, 36 min ago; Lighter: live order book, 6 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 Nado live order book, 36 min ago	1.04 bp	5.8 bp −$6	8.8 bp −$88	28.9 bp −$2,889	doesn't fit
Sell Lighter live order book, 6 min ago	0.99 bp	2.1 bp −$2	3.3 bp −$33	9.7 bp −$969	34.1 bp −$17.0K

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	−0.0411%	1h	90.730	−0.036%	$182K	$424K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0364%	1h	90.733	−0.033%	$306K	$1.3M	25x	as long as short
Aster CLUSD1	−0.0166%	4h	90.755	−0.008%	$24.6M	$66.1M	20x	as long as short
Bitget CLUSDT	−0.0112%	4h	90.767	+0.005%	$41.3M	$48.9M	100x	as long as short
Binance CLUSDT	−0.0111%	4h	90.720	−0.047%	$245.9M	$1.09B	100x	as long as short
Variational Omni CL	−0.0084%	4h	90.686	−0.085%	$12.9M	$11.0M	—	as long as short
Nado WTI-PERPlong	−0.0080%	1h	90.763	long leg	$913K	$652K	10x
Extended WTI-USD	−0.0080%	1h	90.790	+0.030%	$1.4M	$13.7M	10x	as long as short
Ondo Perps WTI-USD.P	−0.0074%	1h	90.650	−0.124%	$3.5M	$5.7M	20x	as long as short
Gate CL_USDT	−0.0073%	8h	90.700	−0.069%	$23.1M	$53.7M	100x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0067%	4h	90.858	+0.105%	$508K	$380K	30x	as long as short
tradeXYZ xyz:CL	−0.0058%	1h	90.748	−0.016%	$176.1M	$209.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0042%	4h	90.832	+0.077%	$70K	$615K	25x	as long as short
Aftermath Perps WTIUSD	−0.0030%	1h	90.902	+0.154%	$2K	$27K	5x	as long as short
OKX CL-USDT-SWAP	−0.0027%	4h	90.710	−0.058%	$41.0M	$118.0M	50x	as long as short
QFEX CL-USD	−0.0023%	1h	90.710	−0.058%	$2.2M	$2.8M	10x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	90.302	−0.508%	$1K	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	90.696	−0.074%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	90.740	−0.025%	$26.9M	$95.9M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.751	−0.013%	$2.9M	$3.0M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	90.755	−0.009%	$17K	$237K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0008%	1h	90.660	−0.113%	$419K	$1.1M	15x	as long as short
Paradex CL-USD-PERP	+0.0015%	8h	90.684	−0.087%	$15K	$367	5x	as long as short
Lighter WTIshort	+0.0024%	1h	90.728	−0.038%	$11.1M	$9.5M	20x
Injective WTI/USDC PERP	+0.0033%	1h	100.27	+10.473%	$19K	$5K	30x	as long as short
StandX CL-USD	+0.0040%	1h	90.730	−0.036%	$706K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	90.710	−0.058%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	90.698	−0.071%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	90.770	+0.008%	$2.0M	$81K	20x	as long as short
Phoenix WTIOIL	+0.0053%	1h	90.890	+0.140%	$36K	$37K	20x	as long as short
Pacifica CL	+0.0100%	1h	90.714	−0.054%	$313K	$709K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	90.768	+0.006%	$6.8M	$2.8M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	90.830	+0.074%	$53K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	90.735	−0.031%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0216%	4h	90.710	−0.058%	$3.9M	$1.0M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0250% / S −0.0172%	1h	90.675	−0.097%	$81K	—	111x	as long as short