CL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0034%/8h= −3.7% APRnext payment −$0.04 per $10,000 · paid last 24h −0.015%

Price spread now: Lighter against Polymarket Perps+0.004%7-day average −0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs+$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$160.161% of the position

Long on Polymarket Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.924%+$92 on $10k

Price spread, last 7 days−0.011%−$1 · spread now +0.004%, 7d avg −0.075%

Together, before fees+0.913%+ Points / potential airdropLighter: Season 3 · farm board+$91 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.079% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.004% now, against its 7-day average of −0.075%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.7 days. Mind the row above: over the last 7 days funding on this pair paid +0.924%, 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	Polymarket Perps WTIOIL-USD	93.662	0.0050	pay 0.0006% / 1h	58m 19s	$1.7M	$1.3M	20x
Short	Lighter WTI	93.666	0.0016	get 0.0002% / 1h	58m 19s	$11.3M	$9.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Polymarket Perps. 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 Polymarket PerpsbpFee LighterbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$7.14
Price spread: +0.004% → −0.075%: $7.88
Slippage, 4 orders: −$8.13
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$15.4
Costs to cover: 0.161%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 5 min ago; Lighter: 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 Polymarket Perps live order book, 5 min ago	2.68 bp	8.0 bp −$8	8.6 bp −$86	11.7 bp −$1,172	doesn't fit
Sell Lighter live order book, 5 min ago	0.43 bp	0.5 bp −$1	0.6 bp −$6	9.0 bp −$902	47.6 bp −$23.8K

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	−0.0390%	1h	93.680	+0.019%	$196K	$388K	15x	as long as short
GRVT CL_USDT_Perp	−0.0308%	4h	93.381	−0.300%	$53K	$607K	25x	as long as short
Aster CLUSD1	−0.0294%	4h	93.710	+0.051%	$24.7M	$64.8M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0208%	1h	93.698	+0.039%	$276K	$966K	25x	as long as short
Binance CLUSDT	−0.0169%	4h	93.690	+0.030%	$247.6M	$922.6M	100x	as long as short
Variational Omni CL	−0.0159%	4h	93.419	−0.260%	$13.4M	$10.7M	—	as long as short
Bitget CLUSDT	−0.0128%	4h	93.697	+0.037%	$42.4M	$42.1M	100x	as long as short
Gate CL_USDT	−0.0126%	8h	93.590	−0.077%	$22.9M	$48.2M	100x	as long as short
Aftermath Perps WTIUSD	−0.0126%	1h	93.531	−0.140%	$2K	$26K	5x	as long as short
Nado WTI-PERP	−0.0114%	1h	93.721	+0.063%	$963K	$630K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0057%	4h	93.700	+0.041%	$42.8M	$103.3M	50x	as long as short
edgeX CLUSDC	−0.0046%	4h	93.416	−0.263%	$525K	$306K	30x	as long as short
QFEX CL-USD	−0.0038%	1h	93.700	+0.041%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	−0.130%	$405K	$862K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.699	+0.040%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.690	+0.030%	$26.9M	$79.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.687	+0.027%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.440	−0.237%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.667	+0.005%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.216	−0.476%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0001%	8h	93.641	−0.022%	$16K	$367	5x	as long as short
Lighter WTIshort	+0.0016%	1h	93.666	+0.004%	$11.3M	$9.1M	20x
Extended WTI-USD	+0.0032%	1h	93.700	+0.041%	$1.9M	$15.0M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0033%	1h	93.620	−0.045%	$3.5M	$5.4M	20x	as long as short
StandX CL-USD	+0.0040%	1h	93.730	+0.073%	$743K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.640	−0.023%	—	$313K	10x	as long as short
tradeXYZ xyz:CL	+0.0050%	1h	93.680	+0.019%	$185.2M	$205.1M	20x	as long as short
Polymarket Perps WTIOIL-USDlong	+0.0050%	1h	93.662	long leg	$1.7M	$1.3M	20x
SoDEX CL-USD	+0.0050%	1h	93.705	+0.046%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.673	+0.012%	$350K	$594K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.706	+0.047%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.480	−0.194%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.670	+0.008%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0179%	4h	93.630	−0.034%	$4.1M	$973K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.82	+9.777%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0251% / S −0.0186%	1h	93.685	+0.025%	$84K	—	111x	as long as short