CL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0166%/8h= +18.2% APRnext payment +$0.21 per $10,000 · paid last 24h +0.015%

Price spread now: Polymarket Perps against Lighter+0.035%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$160.156% of the position

Long on Lighter Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.925%−$93 on $10k

Price spread, last 7 days−0.037%−$4 · spread now +0.035%, 7d avg +0.074%

Together, before fees−0.962%+ Points / potential airdropLighter: Season 3 · farm board−$96 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.039% cheaper against Lighter than usual: you would sell low and buy high (spread +0.035% now, against its 7-day average of +0.074%). If the spread goes back, that is −$4 on $10k: about 19 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.925%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WTI	92.096	−0.0120	get 0.0015% / 1h	38m 17s	$11.2M	$10.9M	20x
Short	Polymarket Perps WTIOIL-USD	92.128	0.0046	get 0.0006% / 1h	38m 17s	$1.6M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.035%Rate

Funding earned: $34.88
Price spread: +0.035% → +0.074%: −$3.9
Slippage, 4 orders: −$7.64
Fee Lighter: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $15.34
Costs to cover: 0.156%
Break-even: 3.9 days

Slippage from Lighter: live order book, 5 min ago; Polymarket Perps: live order book, 5 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, 5 min ago	0.11 bp	1.0 bp −$1	1.8 bp −$18	9.2 bp −$916	40.2 bp −$20.1K
Sell Polymarket Perps live order book, 5 min ago	2.34 bp	6.7 bp −$7	7.5 bp −$75	10.8 bp −$1,076	doesn't fit

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
Kraken Futures PF_WTIOILUSD	−0.0450%	1h	92.186	+0.097%	$274K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0314%	4h	92.040	−0.061%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0237%	4h	92.137	+0.045%	$24.0M	$77.4M	20x	as long as short
Nado WTI-PERP	−0.0166%	1h	92.156	+0.066%	$924K	$740K	10x	as long as short
Binance CLUSDT	−0.0160%	4h	92.146	+0.055%	$245.5M	$1.10B	100x	as long as short
Variational Omni CL	−0.0138%	4h	92.053	−0.046%	$13.4M	$12.4M	—	as long as short
Lighter WTIlong	−0.0120%	1h	92.096	long leg	$11.2M	$10.9M	20x
Ondo Perps WTI-USD.P	−0.0102%	1h	92.070	−0.028%	$3.5M	$6.3M	20x	as long as short
Paradex CL-USD-PERP	−0.0098%	8h	92.081	−0.016%	$15K	$367	5x	as long as short
tradeXYZ xyz:CL	−0.0083%	1h	92.157	+0.066%	$187.1M	$274.8M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WTIOIL_USDC-PERPETUAL	−0.0075%	1h	92.180	+0.091%	$96K	$189K	15x	as long as short
QFEX CL-USD	−0.0054%	1h	92.100	+0.004%	$2.4M	$2.6M	10x	as long as short
Bullet WTIOIL-USD	−0.0045%	1h	92.133	+0.040%	$18K	$241K	10x	as long as short
Gate CL_USDT	−0.0028%	8h	92.080	−0.017%	$21.3M	$57.6M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.123	+0.029%	$333K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.013%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.174	+0.085%	$25.6M	$94.9M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.140	+0.048%	$43.1M	$112.9M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.219	+0.134%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.119	+0.025%	$42.0M	$51.7M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.120	+0.026%	$37K	$101K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.072%	$399K	$966K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.716	−0.413%	$4K	—	150x	as long as short
Extended WTI-USD	+0.0016%	1h	92.200	+0.113%	$2.0M	$27.5M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.130	+0.037%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.170	+0.080%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USDshort	+0.0046%	1h	92.128	+0.035%	$1.6M	$1.4M	20x
SoDEX CL-USD	+0.0050%	1h	92.150	+0.059%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0059%	4h	92.084	−0.013%	$529K	$332K	30x	as long as short
Aftermath Perps WTIUSD	+0.0095%	1h	92.093	−0.003%	$2K	$29K	5x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.135	+0.042%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.070	−0.028%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.119	+0.025%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.125	+0.031%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.28	+9.967%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.090	−0.007%	$4.0M	$1.4M	50x	as long as short