Funding you earn now, next payment 05:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h 0.000%
Price spread now: Phoenix against Lighter+0.149%104s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.982%−$98 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
The price spread pays, funding is against you. Phoenix is 0.149% dearer against Lighter than usual: you sell high and buy low (spread +0.149% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 21 days. At the pace of the last 7 days (−0.982% in total) that is about 25 hours. The two prices were read 104 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 | 93.401 | 0.0024 | pay 0.0003% / 1h | 3m 43s | $11.3M | $10.0M | 20x |
| Short | Phoenix WTIOIL | 93.540 | 0 | get 0.0000% / 1h | 3m 43s | $38K | $41K | 20x |
Lighter WTI
Phoenix WTIOILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$5.04
- Price spread: +0.149% → 0.000%
- $14.88
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $2.84
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 5 min ago; Phoenix: no order-book sample. Net counts fees only.
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, 5 min ago | 0.11 bp | 0.3 bp $0 | 1.6 bp −$16 | 8.8 bp −$883 | 34.7 bp −$17.3K |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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-PERPETUAL | −0.0285% | 1h | 93.390 | −0.012% | $196K | $377K | 15x | as long as short |
| GRVT CL_USDT_Perp | −0.0274% | 4h | 93.368 | −0.036% | $58K | $629K | 25x | as long as short |
| Aster CLUSD1 | −0.0274% | 4h | 93.430 | +0.031% | $24.4M | $64.5M | 20x | as long as short |
| Kraken Futures PF_WTIOILUSD | −0.0204% | 1h | 93.437 | +0.039% | $285K | $959K | 25x | as long as short |
| Binance CLUSDT | −0.0168% | 4h | 93.400 | −0.001% | $246.3M | $930.9M | 100x | as long as short |
| Variational Omni CL | −0.0163% | 4h | 93.349 | −0.056% | $13.4M | $10.9M | — | as long as short |
| Aftermath Perps WTIUSD | −0.0148% | 1h | 93.406 | +0.005% | $2K | $26K | 5x | as long as short |
| Bitget CLUSDT | −0.0120% | 4h | 93.382 | −0.020% | $42.1M | $42.7M | 100x | as long as short |
| Nado WTI-PERP | −0.0105% | 1h | 93.458 | +0.061% | $971K | $630K | 10x | as long as short |
| Gate CL_USDT | −0.0083% | 8h | 93.320 | −0.087% | $22.1M | $50.4M | 100x | as long as short |
Deribit WTIOIL_USDC-PERPETUAL
GRVT CL_USDT_Perp
Aster CLUSD1
Kraken Futures PF_WTIOILUSD
Binance CLUSDT
Variational Omni CL
Aftermath Perps WTIUSD
Bitget CLUSDT
Nado WTI-PERP
Gate CL_USDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps WTI-USD.P | −0.0076% | 1h | 93.370 | −0.033% | $3.5M | $5.4M | 20x | as long as short |
| tradeXYZ xyz:CL | −0.0076% | 1h | 93.390 | −0.012% | $184.8M | $212.3M | 20x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | −0.0040% | 1h | 93.500 | +0.106% | $404K | $931K | 15x | as long as short |
| OKX CL-USDT-SWAP | −0.0036% | 4h | 93.400 | −0.001% | $42.6M | $101.8M | 50x | as long as short |
| QFEX CL-USD | −0.0032% | 1h | 93.400 | −0.001% | $2.3M | $2.5M | 10x | as long as short |
| edgeX CLUSDC | −0.0001% | 4h | 93.375 | −0.028% | $525K | $306K | 30x | as long as short |
| dYdX WTI-USD | 0.0000% | 1h | 93.405 | +0.005% | $8K | $3K | 5x | as long as short |
| Bybit CLUSDT | 0.0000% | 8h | 93.420 | +0.020% | $27.0M | $79.5M | 150x | as long as short |
| RISEx CL/USDC | 0.0000% | 1h | 93.425 | +0.026% | $3.1M | $2.9M | 20x | as long as short |
| Phoenix WTIOILshort | 0.0000% | 1h | 93.540 | +0.149% | $38K | $41K | 20x | |
| Bullet WTIOIL-USD | 0.0000% | 1h | 93.422 | +0.022% | $18K | $240K | 10x | as long as short |
| gTrade (Gains Network) WTI/USD | L 0.0000% / S +0.0036% | 1h | 92.961 | −0.471% | $5K | — | 150x | as long as short |
| Paradex CL-USD-PERP | +0.0021% | 8h | 93.383 | −0.020% | $16K | $367 | 5x | as long as short |
| Lighter WTIlong | +0.0024% | 1h | 93.401 | long leg | $11.3M | $10.0M | 20x | |
| Extended WTI-USD | +0.0032% | 1h | 93.420 | +0.020% | $2.0M | $16.6M | 10x | as long as short |
| StandX CL-USD | +0.0040% | 1h | 93.410 | +0.010% | $739K | $2.8M | 40x | as long as short |
| Vest CL-PERP | +0.0046% | 1h | 93.400 | −0.001% | — | $313K | 10x | as long as short |
| Pacifica CL | +0.0047% | 1h | 93.405 | +0.004% | $332K | $577K | 10x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.0050% | 1h | 93.403 | +0.002% | $1.7M | $1.3M | 20x | as long as short |
| SoDEX CL-USD | +0.0050% | 1h | 93.418 | +0.018% | $2.1M | $60K | 20x | as long as short |
| KuCoin CLUSDTM | +0.0100% | 4h | 93.417 | +0.017% | $7.1M | $2.4M | 50x | as long as short |
| ApeX Omni CLUSDT | +0.0100% | 1h | 93.460 | +0.063% | $54K | $266K | 50x | as long as short |
| Aevo WTIOIL-PERP | +0.0104% | 1h | 93.384 | −0.018% | $4K | — | 10x | as long as short |
| BloFin CL-USDT | +0.0202% | 4h | 93.370 | −0.033% | $4.0M | $988K | 50x | as long as short |
| Injective WTI/USDC PERP | +0.0220% | 1h | 102.64 | +9.897% | $19K | $11K | 30x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | L +0.0241% / S −0.0174% | 1h | 93.415 | +0.015% | $84K | — | 111x | as long as short |
Ondo Perps WTI-USD.P
tradeXYZ xyz:CL
Coinbase International WTIOIL-PERP-INTX
OKX CL-USDT-SWAP
QFEX CL-USD
edgeX CLUSDC
dYdX WTI-USD
Bybit CLUSDT
RISEx CL/USDC
Bullet WTIOIL-USD
gTrade (Gains Network) WTI/USD
Paradex CL-USD-PERP
Extended WTI-USD
StandX CL-USD
Vest CL-PERP
Pacifica CL
Polymarket Perps WTIOIL-USD
SoDEX CL-USD
KuCoin CLUSDTM
ApeX Omni CLUSDT
Aevo WTIOIL-PERP
BloFin CL-USDT
Injective WTI/USDC PERP
GMX WTIOIL/USD [ETH-USDC]