CL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.016%

Price spread now: SoDEX against Lighter+0.020%7-day average +0.143% · 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−$53as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on Lighter Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−1.041%−$104 on $10k

Price spread, last 3 days (all we have)−0.081%−$8 · spread now +0.020%, 7d avg +0.143%

Together, before fees−1.122%+ Points / potential airdropLighter: Season 3 · farm board−$112 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.122% cheaper against Lighter than usual: you would sell low and buy high (spread +0.020% now, against its 7-day average of +0.143%). If the spread goes back, that is −$12 on $10k: about 23 days of funding at the current rate (+$1 a day). Mind the row above: over the last 3 days funding on this pair cost −1.041%, 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	92.760	0.0032	pay 0.0004% / 1h	35m 26s	$11.2M	$10.2M	20x
Short	SoDEX CL-USD	92.779	0.0050	get 0.0006% / 1h	35m 26s	$2.1M	$61K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.020%Rate

Funding earned: $3.78
Price spread: +0.020% → +0.143%: −$12.22
Slippage, 4 orders: −$32.35
Fee Lighter: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$48.79
Costs to cover: 0.403%
Break-even: 97.3 days

Slippage from Lighter: live order book, 3 min ago; SoDEX: live order book, 3 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, 3 min ago	0.32 bp	0.7 bp −$1	1.2 bp −$12	9.1 bp −$910	37.2 bp −$18.6K
Sell SoDEX live order book, 3 min ago	0.54 bp	18.9 bp −$19	96.9 bp −$969	doesn't fit	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0612%	1h	92.740	−0.022%	$198K	$366K	15x	as long as short
Aster CLUSD1	−0.0329%	4h	92.780	+0.022%	$23.9M	$74.4M	20x	as long as short
GRVT CL_USDT_Perp	−0.0296%	4h	92.686	−0.080%	$50K	$633K	25x	as long as short
Binance CLUSDT	−0.0272%	4h	92.760	0.000%	$244.3M	$990.1M	100x	as long as short
Variational Omni CL	−0.0265%	4h	92.761	+0.001%	$13.3M	$11.1M	—	as long as short
Gate CL_USDT	−0.0153%	8h	92.710	−0.054%	$20.9M	$53.1M	100x	as long as short
tradeXYZ xyz:CL	−0.0068%	1h	92.771	+0.012%	$185.0M	$221.7M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0065%	1h	92.730	−0.032%	$3.5M	$5.7M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.030	−0.787%	$399K	$939K	15x	as long as short
Nado WTI-PERP	−0.0039%	1h	92.810	+0.054%	$936K	$676K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.800	+0.043%	$275K	$870K	25x	as long as short
QFEX CL-USD	−0.0033%	1h	92.740	−0.022%	$2.5M	$1.7M	10x	as long as short
OKX CL-USDT-SWAP	−0.0010%	4h	92.750	−0.011%	$42.8M	$106.0M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.754	−0.007%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.770	+0.011%	$26.3M	$82.9M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.764	+0.004%	$41.9M	$45.8M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.820	+0.065%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.775	+0.016%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.309	−0.486%	$5K	—	150x	as long as short
edgeX CLUSDC	+0.0018%	4h	92.721	−0.042%	$533K	$297K	30x	as long as short
Paradex CL-USD-PERP	+0.0024%	8h	92.755	−0.005%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0024%	1h	92.800	+0.043%	$2.1M	$25.0M	10x	as long as short
Lighter WTIlong	+0.0032%	1h	92.760	long leg	$11.2M	$10.2M	20x
Aftermath Perps WTIUSD	+0.0034%	1h	92.757	−0.003%	$2K	$28K	5x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.887	+0.137%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.350	−0.442%	$726K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.800	+0.043%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.775	+0.016%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USDshort	+0.0050%	1h	92.779	+0.020%	$2.1M	$61K	20x
KuCoin CLUSDTM	+0.0068%	4h	92.800	+0.043%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.763	+0.003%	$331K	$616K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.840	+0.086%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.717	−0.047%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.755	−0.005%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.83	+9.781%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0228%	4h	92.730	−0.032%	$4.0M	$1.2M	50x	as long as short