CL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.12 per $10,000 · paid last 24h −0.022%

Price spread now: Lighter against Pacifica−0.003%7-day average −0.124% · you buy dearer than you sell

Net, funding: paid 7d − costs+$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2as in the Price arb table

costs, in and out, $10k−$140.138% of the position

Long on Pacifica Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+1.045%+$105 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now −0.003%, 7d avg −0.124%

Together, before fees+1.014%+ Points / potential airdropPacifica: Active · Lighter: Season 3 · farm board+$101 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.121% dearer against Pacifica than usual: you sell high and buy low (spread −0.003% now, against its 7-day average of −0.124%): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.4 days. Mind the row above: over the last 7 days funding on this pair paid +1.045%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica CL	93.160	0.0100	pay 0.0013% / 1h	19m 33s	$331K	$579K	10x
Short	Lighter WTI	93.157	0.0008	get 0.0001% / 1h	19m 33s	$11.2M	$10.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Pacifica. 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 PacificabpFee LighterbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$19.32
Price spread: −0.003% → −0.124%: $12.05
Slippage, 4 orders: −$5.76
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$21.03
Costs to cover: 0.138%
Break-even: never at this rate

Slippage from Pacifica: live order book, 34 min ago; Lighter: live order book, 4 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 Pacifica live order book, 34 min ago	0.11 bp	6.5 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.16 bp	0.2 bp $0	0.7 bp −$7	5.2 bp −$520	27.7 bp −$13.9K

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	−0.0608%	1h	93.120	−0.043%	$199K	$370K	15x	as long as short
GRVT CL_USDT_Perp	−0.0326%	4h	93.123	−0.040%	$54K	$645K	25x	as long as short
Aster CLUSD1	−0.0277%	4h	93.187	+0.029%	$24.3M	$66.0M	20x	as long as short
Binance CLUSDT	−0.0184%	4h	93.162	+0.002%	$245.9M	$940.1M	100x	as long as short
Variational Omni CL	−0.0167%	4h	93.119	−0.045%	$13.3M	$10.9M	—	as long as short
Ondo Perps WTI-USD.P	−0.0134%	1h	93.120	−0.043%	$3.5M	$5.4M	20x	as long as short
Bitget CLUSDT	−0.0132%	4h	93.155	−0.006%	$42.0M	$43.2M	100x	as long as short
Aftermath Perps WTIUSD	−0.0123%	1h	93.157	−0.003%	$2K	$27K	5x	as long as short
Nado WTI-PERP	−0.0119%	1h	93.229	+0.074%	$964K	$630K	10x	as long as short
Gate CL_USDT	−0.0065%	8h	93.100	−0.065%	$21.3M	$51.5M	100x	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	−0.0061%	1h	93.159	−0.001%	$280K	$957K	25x	as long as short
OKX CL-USDT-SWAP	−0.0060%	4h	93.140	−0.022%	$42.6M	$102.8M	50x	as long as short
tradeXYZ xyz:CL	−0.0052%	1h	93.162	+0.002%	$184.4M	$217.6M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	0.000%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.150	−0.011%	$2.3M	$1.9M	10x	as long as short
Paradex CL-USD-PERP	−0.0026%	8h	93.145	−0.016%	$16K	$367	5x	as long as short
edgeX CLUSDC	−0.0025%	4h	93.146	−0.016%	$524K	$306K	30x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.210	+0.053%	$37K	$41K	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.173	+0.013%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.170	+0.010%	$26.8M	$80.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.222	+0.066%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.156	−0.004%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.723	−0.469%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0004%	4h	93.175	+0.016%	$7.1M	$2.4M	50x	as long as short
Lighter WTIshort	+0.0008%	1h	93.157	−0.003%	$11.2M	$10.3M	20x
Extended WTI-USD	+0.0016%	1h	93.210	+0.053%	$2.0M	$18.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.120	−0.043%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.190	+0.032%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.167	+0.007%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.153	−0.008%	$2.1M	$60K	20x	as long as short
Pacifica CLlong	+0.0100%	1h	93.160	long leg	$331K	$579K	10x
ApeX Omni CLUSDT	+0.0100%	1h	93.220	+0.064%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.118	−0.046%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0184%	4h	93.110	−0.054%	$4.0M	$999K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.51	+10.036%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0223% / S −0.0150%	1h	93.155	−0.006%	$81K	—	111x	as long as short