CL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0144%/8h= +15.7% APRnext payment +$0.18 per $10,000 · paid last 24h +0.020%

Price spread now: Lighter against Kraken Futures−0.040%7-day average −0.163% · you buy dearer than you sell

Net, funding: paid 7d − costs+$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$220.219% of the position

Long on Kraken Futures Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+1.452%+$145 on $10k

Price spread, last 3 days (all we have)+0.079%+$8 · spread now −0.040%, 7d avg −0.163%

Together, before fees+1.531%+ Points / potential airdropLighter: Season 3 · farm board+$153 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.123% dearer against Kraken Futures than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.163%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WTIOILUSD	92.699	−0.0120	get 0.0015% / 1h	21m 52s	$275K	$1.1M	25x
Short	Lighter WTI	92.661	0.0024	get 0.0003% / 1h	21m 52s	$11.2M	$10.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Kraken Futures. 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 Kraken FuturesbpFee LighterbpOrdersPrice spread, now −0.040%Rate

Funding earned: $30.14
Price spread: −0.040% → −0.163%: $12.27
Slippage, 4 orders: −$11.94
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $20.47
Costs to cover: 0.219%
Break-even: 2.2 days

Slippage from Kraken Futures: live order book, 2 min ago; Lighter: live order book, 7 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 Kraken Futures live order book, 2 min ago	4.10 bp	10.7 bp −$11	15.8 bp −$158	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	0.27 bp	0.4 bp $0	0.7 bp −$7	9.4 bp −$940	27.9 bp −$14.0K

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
GRVT CL_USDT_Perp	−0.0346%	4h	92.524	−0.188%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0333%	4h	92.666	−0.035%	$24.0M	$78.2M	20x	as long as short
Binance CLUSDT	−0.0273%	4h	92.639	−0.064%	$245.4M	$1.06B	100x	as long as short
Variational Omni CL	−0.0265%	4h	92.480	−0.236%	$13.1M	$12.2M	—	as long as short
Gate CL_USDT	−0.0214%	8h	92.580	−0.128%	$21.3M	$55.2M	100x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0181%	1h	92.680	−0.020%	$123K	$275K	15x	as long as short
Kraken Futures PF_WTIOILUSDlong	−0.0120%	1h	92.699	long leg	$275K	$1.1M	25x
Nado WTI-PERP	−0.0063%	1h	92.708	+0.010%	$934K	$731K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0047%	1h	92.590	−0.117%	$3.5M	$6.1M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.721%	$399K	$959K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.640	−0.063%	$2.4M	$2.1M	10x	as long as short
tradeXYZ xyz:CL	−0.0026%	1h	92.654	−0.048%	$186.5M	$236.4M	20x	as long as short
Paradex CL-USD-PERP	−0.0003%	8h	92.608	−0.098%	$15K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	92.657	−0.045%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.660	−0.042%	$26.5M	$92.1M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.630	−0.074%	$43.0M	$111.3M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.771	+0.078%	$3.3M	$2.8M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.656	−0.046%	$42.2M	$50.7M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.600	−0.106%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.679	−0.021%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.241	−0.494%	$5K	—	150x	as long as short
Lighter WTIshort	+0.0024%	1h	92.661	−0.040%	$11.2M	$10.2M	20x
Extended WTI-USD	+0.0032%	1h	92.690	−0.009%	$2.3M	$26.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.370	−0.354%	$722K	$3.1M	40x	as long as short
edgeX CLUSDC	+0.0041%	4h	92.545	−0.166%	$532K	$299K	30x	as long as short
Vest CL-PERP	+0.0046%	1h	92.680	−0.020%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.690	−0.009%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.670	−0.031%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.621	−0.084%	$356K	$603K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.659	−0.043%	$7.2M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.560	−0.149%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.635	−0.069%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.675	−0.025%	$78K	—	111x	as long as short
Aftermath Perps WTIUSD	+0.0212%	1h	92.563	−0.146%	$2K	$28K	5x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.56	+9.555%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.510	−0.203%	$4.0M	$1.4M	50x	as long as short