CL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0706%/8h= +77.3% APRnext payment +$0.88 per $10,000 · paid last 24h +0.041%

Price spread now: Lighter against Deribit+0.050%7-day average −0.158% · 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+$6as in the Price arb table

costs, in and out, $10k−$150.152% of the position

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+1.129%+$113 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now +0.050%, 7d avg −0.158%

Together, before fees+1.191%+ Points / potential airdropLighter: Season 3 · farm board+$119 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Lighter is 0.209% dearer against Deribit than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.158%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WTIOIL_USDC-PERPETUAL	93.300	−0.0714	get 0.0089% / 1h	47m 37s	$197K	$372K	15x
Short	Lighter WTI	93.347	−0.0008	pay 0.0001% / 1h	47m 37s	$11.2M	$9.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Deribit. 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 DeribitbpFee LighterbpOrdersPrice spread, now +0.050%Rate

Funding earned: $148.2
Price spread: +0.050% → −0.158%: $20.86
Slippage, 4 orders: −$8.22
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $153.83
Costs to cover: 0.152%
Break-even: from the start

Slippage from Deribit: live order book, 1 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 Deribit live order book, 1 min ago	0.54 bp	9.3 bp −$9	10.8 bp −$108	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	0.05 bp	0.5 bp −$1	1.1 bp −$11	5.9 bp −$587	25.5 bp −$12.7K

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-PERPETUALlong	−0.0714%	1h	93.300	long leg	$197K	$372K	15x
GRVT CL_USDT_Perp	−0.0346%	4h	93.320	+0.021%	$58K	$649K	25x	as long as short
Aster CLUSD1	−0.0299%	4h	93.376	+0.082%	$24.4M	$66.5M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.352	+0.056%	$283K	$962K	25x	as long as short
Binance CLUSDT	−0.0198%	4h	93.353	+0.056%	$246.5M	$935.3M	100x	as long as short
Variational Omni CL	−0.0185%	4h	93.329	+0.031%	$13.3M	$10.9M	—	as long as short
Ondo Perps WTI-USD.P	−0.0155%	1h	93.310	+0.011%	$3.5M	$5.4M	20x	as long as short
Aftermath Perps WTIUSD	−0.0139%	1h	93.325	+0.027%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0134%	4h	93.340	+0.043%	$42.1M	$43.1M	100x	as long as short
Nado WTI-PERP	−0.0131%	1h	93.403	+0.111%	$967K	$621K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0075%	1h	93.351	+0.055%	$184.5M	$215.5M	20x	as long as short
edgeX CLUSDC	−0.0075%	4h	93.307	+0.007%	$524K	$306K	30x	as long as short
Gate CL_USDT	−0.0074%	8h	93.300	0.000%	$21.6M	$49.2M	100x	as long as short
OKX CL-USDT-SWAP	−0.0068%	4h	93.350	+0.054%	$42.6M	$102.6M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.150%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.340	+0.043%	$2.3M	$2.1M	10x	as long as short
Paradex CL-USD-PERP	−0.0011%	8h	93.330	+0.032%	$16K	$367	5x	as long as short
Lighter WTIshort	−0.0008%	1h	93.347	+0.050%	$11.2M	$9.8M	20x
dYdX WTI-USD	0.0000%	1h	93.329	+0.032%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.360	+0.064%	$27.1M	$79.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.403	+0.111%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.390	+0.096%	$37K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.333	+0.036%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.888	−0.442%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	93.390	+0.096%	$2.0M	$17.9M	10x	as long as short
KuCoin CLUSDTM	+0.0034%	4h	93.367	+0.072%	$7.1M	$2.4M	50x	as long as short
StandX CL-USD	+0.0040%	1h	93.320	+0.021%	$738K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.360	+0.064%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.352	+0.055%	$331K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.334	+0.036%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.335	+0.038%	$2.1M	$60K	20x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.420	+0.129%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.305	+0.005%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0173%	4h	93.310	+0.011%	$4.0M	$983K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.57	+9.938%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0232% / S −0.0164%	1h	93.335	+0.038%	$84K	—	111x	as long as short